Aircraft Ownership Cost Estimator
(estimates are only as accurate as the
assumptions on which they are based) |
| Fixed Costs
Calculate
Check Variable Costs
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| Capital Cost: |
|
Annual cost of money tied up in aircraft if
purchased outright - Optional |
| Loan Payments: |
|
Monthly loan payment if aircraft is financed |
| Annual Taxes: |
|
Annual tax, varies by state and
county - check airnav.com for estimates in your area |
| Sales Tax |
|
One time tax, usually based on the sale price
of the aircraft |
| Liability Insurance: |
|
Annual expense; insures against damage done by
your aircraft to others and their property |
| Hull Insurance: |
|
Annual expense; insures against damage to your
aircraft (varies with pilot qualifications, type aircraft, total
time, accidents/violations, time in type aircraft) |
Hangar Rent: |
|
Monthly expense; maintenance expenses may be
higher if sharing a hangar due to "hangar rash" |
| Tie Down Rent: |
|
Monthly expense; you may need to increase
reserves for maintenance expenses if your craft will not be
hangared |
Annual Inspection |
|
Annual expense; varies by aircraft age and
type |
| Club/Airport Fees |
|
Monthly expense; include any miscellaneous
fees |
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| Total Fix'dExpenses |
|
What you pay even when you
don't fly |
|
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Recalculate |
Check Total |
| Aircraft
Variable Operating Costs |
|
Return to Calculate
Check Total
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Mfg. Recommended
hrs. till Eng Overhaul |
|
Use engine manufacturers specs. to estimate the
number of flight hours till the engine will need to be overhauled. |
| Estimated O/H Cost |
|
Use estimate from your preferred local
maintenance shop. |
Engine Overhaul
Cost per flight hour |
|
Plan to set aside this amount for engine
overhaul for every hour you will fly the aircraft. |
Interior/Exterior
Maint. Costs |
|
Typically includes paint, upholstery, carpet,
tires and wheels, as well as miscellaneous structural repairs. Use
estimates from your preferred suppliers and local maintenance shop. |
Est. hrs. till Int/Ext
Maintenance |
|
Estimate based on known
current condition of the aircraft. |
Interior/Exterior Maint.
Cost per
flight hour |
|
Plan to set aside this amount for
interior and exterior maintenance for every hour you will fly the
aircraft. |
| Total Cost of Avionics Repair |
|
Estimate necessary repairs and upgrades. Use
dollar estimates from you preferred suppliers and maintenance shop. |
| Est hrs. till Avionics Maintenance Required |
|
How many flight hours until repairs and
upgrades must be installed. Estimate based upon known current
condition of the aircraft. |
Avionics Maint. Cost
per flight hour |
|
Plan to set aside this amount for avionics
maintenance for every hour you will fly the aircraft. |
| Fuel per Gallon Cost |
|
Average fuel cost where aircraft is flown. |
| Gallons per Hour |
|
Average fuel consumption per hour can be
estimated from manufacturers specs. |
| Fuel Cost per Hour |
|
Plan to spend this amount for fuel for every
hour you will fly the aircraft. |
| Cost per Oil Change |
|
Use estimate from your preferred maintenance
shop. |
| Interval between Oil Changes |
|
Use recommendation of engine manufacturer
and/or your preferred maintenance shop. |
| Oil Cost per Hour |
|
Plan to spend this amount on Oil for every hour
you will fly the aircraft. |
| Annual Misc. Costs |
|
Nearly impossible to predict, still it's a
good idea to put something aside for them. |
| Est. annual flight hours |
|
How many hours do you expect to fly each year
(many experts recommend renting if this number is less than 200
hours.) |
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Calculate |
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Chk Variable Costs |
Check Total |
Total Estimated
Operating Costs |
|
Total estimated annual
operating costs. This includes hourly operating costs above
multiplied by estimated annual flight hours. |
|
Calculate |
Chk Variable Cost |
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| Total Costs |
|
This is the sum of Total
Fixed Costs and Total Operating Costs |
