Hammer wrote:lawndart wrote: I did plan to have a second aircraft for cruising flight and IFR training at some point in the future...
OK...this is simple insanity for anyone who works for a living and doesn't file a income tax return with much less than three commas.
Lawndart, you apparently have no idea what you're getting yourself into, and unless there's a trust-fund on one or both sides of your marriage, you're getting yourself into a world of hurt.
You really need to step back and spend some time going over the REAL financial numbers of aircraft ownership, as well as getting a realistic grasp of what owning a airplane (any airplane) will actually do for you. I think you vastly underrate the former, and a vastly overrate the later.
Maybe you've got a money-well where you can scoop up all you want, any time you please. If not, you need to take a chill-pill and get better acquainted with reality.
Sorry to be an ass, but you seem to have zero idea what your aircraft mission is, and zero idea what buying or owning the airplane that fits that mission actually entails.
Do yourself a favor and don't buy anything until you get a better grasp on both of those factors.
I don't consider giving candid advice being an ass.
Some guys I served with in the Army came back from training or deployments and bought $80k pickups. Some got married right before shipping out and lost it all in a divorce as soon as they came home. Some bought a fixer-upper house and a good used car, used their educational benefits as efficiently as possible, and saved all their income from that point forward...
My home is paid off, my car is paid off, and I don't have any student debt. I'll have my master's in mechanical engineering next week, and will start working the day after my last exam. The company I'm going to work for has needed me since March. I won't be getting married until 2023 because my girl is in med school until then, and we certainly won't be having kids before then. She does not expect me to put my savings toward her education. I've set my budget for acquisition cost at about $35k, which is half of what I could offer in cash at this time without any impacts on the rest of my life other than the opportunity cost of what I may or may not make on the stock market instead of buying a plane.
I might not know exactly what I'm getting into in terms of the financial implications of aircraft ownership. But I have worked hard and lived frugally for a decade to be in the position I am in now. That whole time my dream has been to own a plane. You're probably right that I overestimate what owning a plane will do for me. But my favorite part of being a UH60 crew chief in the Army was that I owned my bird. You've never seen cleaner windows and shinier pitot tubes... I think I'm experiencing empty-nest syndrome, so there is definitely an irrational aspect to me wanting to buy. But then again, I'm the type to sit in a hangar and contemplate life on a rainy day. I think that the CoVid crisis will result in an economic recession, and that there may be opportunities to get a good deal on a good aircraft.
I've learned a lot about what to expect in terms of costs of ownership since I started this thread. I posted over on piperforum regarding the PA28 and PA22 to get an idea of what their costs would be, and they were actually not far from what I expected. A little lower on the annual, a little higher on the incidentals. I imagine a C172 would be in the same ballpark as the PA28, though I'd welcome a correction if I'm wrong!
You're right that I don't know what my mission is, or at least the backcountry portion of it.
Here's what I do know:
- I won't need more than 2 seats 95% of the time. That, and the budget I have set, mean that I will stick to a 4-banger or low displacement 6. The C182 and PA28-235 are not in the running. I had to put it out there to realize it, but I've realized it. The reason these came up early in the discussion is that I was thinking in terms of the of acquisition costs I can afford. I've halved my budget since then.
- I think 180hp is definitely enough, but I don't know yet if I can get away with less. I am at MSL, and will be for at least the next 3 years. What I don't know is exactly what kind of backcountry spots there are in New England. More on this below.
- I'm an outdoorsman, and I want to be able to camp from my aircraft. That's why I'm on this forum. My max payload requirement in this role would be 2 FAA standard people, 2 nights worth of summer camping/hiking gear, and fuel.
- I'd like to be able to seat 4 FAA standard people for regional hops, but would not need baggage capacity, full fuel, or STOL performance in this mission.
- I like the idea of learning to fly IFR, because it sounds like a good skillset to have from a safety standpoint, so being able to serve as an IFR trainer would be a plus. I don't plan to fly in bad weather, so this may be a stupid thing to consider. I'd appreciate some thoughts on it.
- I enjoyed flying the PA28 I flew after flight school more than the C172s I flew in flight school. They also seem to be cheaper when comparing similarly equipped aircraft with equal power.
- I don't envision backcountry flying or camping by myself anytime soon, so the benefits of being able to hang out or camp under a wing are not really a factor in my decision. I figure most people I might fly with will have a high wing I can squat under.
- I hear a lot more about the performance of STCs like the Sportsman STOL kit on Cessnas than analogous ones for PA28s like the Robertson kit.
I've posted in the destinations subforum to get some input on what kind of backcountry flying there is in New England. This will help me figure out what features and performance figures I really need. I figure there are good beaches, and I know there are nice grass strips. I don't know how long they are or what height obstacles are around them. I don't know what proportion of them really require a high wing, and I also don't know if there are areas with good gravel bars. I don't think the flying in this area requires a taildragger. I'd love to get my endorsement, but I'll take the lower acquisition and maintenance costs if I can get away with a nosedragger. I have decades left to fly, and I feel that I can always take that on in the future.
Sorry for all the mixed messages. This has been a very exploratory thread for me, and I've gained a lot from all those that have posted their input on it.
Thanks!
Steve