What Does It Really Cost to Own and Fly Your Own Plane?

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  • čas přidán 14. 06. 2024
  • Click here harrys.com/trent to get your Starter Set from Harry's for just $3!
    This video came by popular demand from comments asking how much my operating costs are. I have hid it from myself for long enough so hopefully this can be of some assistance to anyone looking to buy an airplane of their own.
    Be my wing man and join in the adventure: goo.gl/sW5J5o
    Grab our new Mountain Pilot hat and more at: www.TrentPalmer.com/shop
    For more of my adventures follow me on instagram: / trentonpalmer
    Facebook: / pilottrentpalmer
    Music:
    Song 1 (B Roll Oil Change): Bloodstream
    by: Iolite
    Song 2: Highlife (instrumental version)
    by: Chris Valentine
    Licensed by Music Bed
    Get a free trial of the best music for your videos: share.mscbd.fm/TrentonPalmer
    The Gear I used for this video:
    Fuji X-T3 - amzn.to/2EE3WU7
    My on camera mic - goo.gl/GNsHF6
    The Gimbal/Stabilizer I use: amzn.to/2HFXYl3
    #Airplane #Pilot #Aviation
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Komentáře • 1,3K

  • @davidkreutzkamp6602
    @davidkreutzkamp6602 Před 4 lety +1228

    Here is the breakdown:
    Acquistion:$39,000 / $20,000 USD or find financing.
    Fuel: 5 gal per hour / $4 Gal average
    Oil: $62 every 25 hrs
    Hourly operating those two costs = $22.50 a hour ($1,125, 50 hrs - $3,375, 150 hrs)
    Garmin database: $200 annually
    Annual Inspection: $500 annually (experimental)
    Hangar: $300 (huge disrepency regionally)
    Insurance: $2,400 annually ($125,000 hull value, Off-field landings)
    Reserves not covered.
    Wear and tear not covered.
    Loved the video and b-roll intro oil chance Trent!
    Interesting stuff considering I'm evaluating getting back into flying again and as a father and new homeowner every dollar can count :)

    • @PS-nf3xw
      @PS-nf3xw Před 4 lety +34

      So you need an awful lot of money. Not possible for college student on scholarship eh

    • @ricktoberfest
      @ricktoberfest Před 4 lety +38

      Sudarshan Pujari since a college student can barely afford a crappy car- probably not

    • @PS-nf3xw
      @PS-nf3xw Před 4 lety +4

      @@ricktoberfest sigh, not even Evan's volksplane?

    • @politicalsheepdog
      @politicalsheepdog Před 4 lety +12

      To cut some costs, I would have to have my own runway and hanger on my property. I would be a Sport Pilot so I'd get the Certification of Repairmen (Light Sport Aircraft).

    • @Mongoswede
      @Mongoswede Před 4 lety +14

      @@ricktoberfest You can fly some really expensive airplanes in Flight Simulator and get some decent control setups for reasonable money. Maybe not as good as real but certainly a way to play until the money is there to support the real.

  • @jimaperkins
    @jimaperkins Před 4 lety +1458

    Let me simplify this for every one: Owning a plane is about the same cost as a nice sports car. However, when you get a sports car up to 75 miles per hour and pull back on the steering wheel...........nothing happens.

    • @rceric1
      @rceric1 Před 4 lety +105

      I’m stealing that when explaining why I fly to friends and family..

    • @lightfoot9485
      @lightfoot9485 Před 4 lety +5

      The reason I sold my "72 340 Cuda" Car? or Family?

    • @50shadesofcerakote
      @50shadesofcerakote Před 4 lety +18

      @@lightfoot9485 dunno if i woulda sold that to be honest...

    • @MrJamespcastle
      @MrJamespcastle Před 4 lety +3

      Yep! Nicely said!

    • @bloodmoongrizzlythefirst6492
      @bloodmoongrizzlythefirst6492 Před 4 lety +13

      Most of all you hope to god it doesn't come off the column lol

  • @TheRealGuywithoutaMustache
    @TheRealGuywithoutaMustache Před 4 lety +778

    That was the most epic oil change I've ever witnessed

    • @chevyon37s
      @chevyon37s Před 4 lety +15

      Just Some Guy without a Mustache you sir have not seen me change oil.... where I make an epic mess

    • @ctsteve1967
      @ctsteve1967 Před 4 lety

      Tell me why, oil came out oil went in. And

    • @BrianBushRacing
      @BrianBushRacing Před 4 lety +1

      Haha same

    • @infernalchaos1066
      @infernalchaos1066 Před 4 lety +11

      One doesn't see enough oil change montages these days.

    • @LumenArty
      @LumenArty Před 4 lety +7

      Bruh, how much youtube do you watch?

  • @SteFly
    @SteFly Před 4 lety +115

    That was the most epic and cinematic oil change I have ever seen! Nice to compare your costs with the costs of my sailplane.

    • @martinchildsmusic9297
      @martinchildsmusic9297 Před 3 lety

      sailplane goes up, sail plane goes down, constrained by your coma inducing thermals and your coma inducing landing stories. Not even close to compare matey

    • @xC4N4D14NB4C0Nx
      @xC4N4D14NB4C0Nx Před 3 lety +3

      Let's be real, Glider pilots are basically wizards.

  • @rydfree
    @rydfree Před 4 lety +325

    $66 per hour . So it's on par with my RC hobby of flying and crashing . Who woulda thought ,lol.

    • @stevebroomfield4000
      @stevebroomfield4000 Před 4 lety +3

      RydFree Don’t crash! Lol.

    • @ctsteve1967
      @ctsteve1967 Před 4 lety

      but you do not need a A&P IA to repair the Model And when you get to 75K on models let us know.

    • @TheDowntimesfl
      @TheDowntimesfl Před 4 lety

      Also Don;t forget that hanger rental is cheap as all get out. a warehouse in the projects cost 2x that a month here.

    • @mikercflyer7383
      @mikercflyer7383 Před 4 lety +2

      Ha Ha especially when you crash a turbine airplane.

    • @pano-rific8838
      @pano-rific8838 Před 4 lety

      Well there yea go. Go buy a real airplane and up your grin factor. Enjoy the view and the freedom of leaving the ground and maybe taking someone up with you to have someone to enjoy the joy of flying with. Expand your horizons.

  • @MobWithGuns
    @MobWithGuns Před 4 lety +485

    if you think owning a plane is expensive, dont buy a helicopter

    • @ctsteve1967
      @ctsteve1967 Před 4 lety +28

      Why not, at least you can keep it in the back yard

    • @chrisaerts6489
      @chrisaerts6489 Před 4 lety +1

      So even a kit helo?

    • @ShadeAkeley
      @ShadeAkeley Před 4 lety +23

      @@ctsteve1967 yeah well, savings on the hangar won't make up the difference for the insurance, maintenance and fuel consumption cost :/

    • @kodiererg
      @kodiererg Před 4 lety +31

      @@chrisaerts6489 who would fly a kit copter? At least if your kit plane shits out on you, you can glide it in.

    • @awalker8112
      @awalker8112 Před 4 lety +1

      @@kodiererg John Denver probably thought that also. ( TBH, I don't know the details behind his last flight)

  • @stevenkostamo1279
    @stevenkostamo1279 Před 3 lety +61

    I bought water front property, and put my CH 601 on floats. The hangar rent costs go toward my mortgage, and I don't have to drive to the airport when I want to fly or do maintenance. Rotax 912, only burning 4 gal/hr. I only have liability insurance, the savings there would replace the plane in 10 years of flying. My fixed costs are less than $500/year and operating costs less than $25/hr. I bought a project plane that only needed maybe 50 hrs to get it flying. On floats I only paid $25,000 I have been flying this plane for 5 years.

    • @christopherjc54
      @christopherjc54 Před 3 lety +2

      Smart man. If there's a will, there's a way.

    • @demetriosb5758
      @demetriosb5758 Před 3 lety

      That’s great and all but what if you life in an area where a float plane isn’t really viable? No seaports to fly to kinda limits that prospect

    • @stevenkostamo1279
      @stevenkostamo1279 Před 3 lety +4

      @@demetriosb5758 I moved 400 miles to make it happen, just lucky my wife and kids wanted the move more than me.

    • @philipboug
      @philipboug Před 3 lety

      @@demetriosb5758 So move! :-)

  • @scottboyer8450
    @scottboyer8450 Před 4 lety +156

    The most beautifully filmed oil change of all time.

    • @davinderc
      @davinderc Před 3 lety

      I came down to the comments to check if the entire video was a series of silly slow-mos so that I didn't have to sit through it... Honestly, I just wanted to know how much it costs to own/operate a plane, not watch an entire film school graduation project on changing oil....

  • @tobesmith3832
    @tobesmith3832 Před 4 lety +259

    Doesn’t cost any more than it did 30 years ago, it took every dime you had then and it still does.... but oh it’s worth it!

    • @chevyon37s
      @chevyon37s Před 4 lety +8

      Tobe Smith mmmm sounds a lot like drugs 🤣

    • @dsyncd555
      @dsyncd555 Před 4 lety +6

      and that's why GA is dying.

    • @ctsteve1967
      @ctsteve1967 Před 4 lety +6

      @@dsyncd555 ya think? if not for Exp I bet that there would be 75% less flying

    • @dsyncd555
      @dsyncd555 Před 4 lety +3

      @@ctsteve1967 the cost is what has prevented me for so long.

    • @kevinm3751
      @kevinm3751 Před 4 lety

      Guess it depends on where you live. Has not been my experience!

  • @Rv12_pilot
    @Rv12_pilot Před 4 lety +67

    “Buying the airplane is the cheapest thing you will do when buying a plane” -my CFI, he owns 3 planes

  • @TheFinerPoints
    @TheFinerPoints Před 4 lety +52

    Maintenance has never looked so good 👍

  • @andylittle9147
    @andylittle9147 Před 4 lety +20

    I’m a commercial bush pilot, spent 6 years in the bush in PNG and now instructing in Australia. Loving your channel Trent (I just found it). Man you do an awesome job mixing interesting bush flying info with really cool, well edited footage. Keep it coming!

  • @rkmacdonald
    @rkmacdonald Před 4 lety +6

    I have owned my 1977 Cessna 177RG (Cardinal RG) since 1985, and I fly it about 100 hours per year. In addition to the same things that you calculated, I have added something new every year in the way of new avionics (radios, ADS-B, etc), and, of course there is my $60,000 engine that needs to be overhauled or replaced every 2000 hours. So, my calculation for my total hourly cost is now running about $200/hour, but this can go up with expensive new radios or down when I don't have any expenses like that.
    I love your videos and watch every one as soon as it is published! Great job!
    Russ
    Commercial Pilot and CFI-I
    N52636, 1977 C177RG

  • @mac-inized6569
    @mac-inized6569 Před 4 lety +47

    You can't make changing oil beautifully cinematic. Trent" hold my beer and watch this "

  • @mojogrip
    @mojogrip Před 4 lety +81

    Full disclosure: that was a solid breakdown of the basics.

    • @rowdycowboy85
      @rowdycowboy85 Před 4 lety +3

      Magic Mike! Cool to see you follow Trent. What are some more advanced cost break downs he maybe didn't mention?

    • @mojogrip
      @mojogrip Před 4 lety +5

      @@rowdycowboy85 Some variable cost can include: Renting a hangar away from home. Some pilots prefer to have their plane in a hangar all the time. If you're financing the plane, factor in your monthly payments. Anti-corrosion treatment may be a yearly cost for some pilots. Subscriptions for Foreflight and or Coflyt etc.

    • @julianbrelsford
      @julianbrelsford Před 2 lety +1

      Supposing you buy the plane with a loan, even if the value is steady and most of the monthly payment goes to equity, there's still interest. When you own the plane without a loan, the math comes out similarly in that, equity you have in the plane is money you didn't throw in (for example) a boring old index fund that tracks the stock market as a whole. (This is opportunity cost)

  • @halvanhercke3321
    @halvanhercke3321 Před 4 lety +162

    The most important reason to NEVER add this up is so when your wife asks, “How much does this really cost?” you can honestly say you have no idea.

    • @RobbieKiama
      @RobbieKiama Před 4 lety +1

      you could also say - "not that much... I think"

    • @denizcancgsar2810
      @denizcancgsar2810 Před 4 lety +1

      @@RobbieKiama Not having an idea would be honest and safest.. :)

    • @Republic3D
      @Republic3D Před 3 lety +3

      Don't tell her it costs a pair of shoes every hour.

    • @aeronutt
      @aeronutt Před 3 lety

      "Less than your swimming pool!"

  • @GlenAndFriendsCooking
    @GlenAndFriendsCooking Před 2 lety +18

    Multiply some of those costs by a 2x-4x if you own a certified aircraft.

  • @tocsoldier
    @tocsoldier Před 4 lety +22

    Great video. For anyone looking, a very solid pre-buy is a must, but still might not uncover everything. Our club bought a 172 after a solid inspection and later found a bad repair in the engine that cost us ~$12,000 just 6 months after buying. We wouldn’t have seen it unless we paid >$1000 for an engine tear down prior to buying. Not a common issue, and it increased the value of the plane, but an example that you need to be ready for anything.

    • @TrentonPalmer
      @TrentonPalmer  Před 4 lety +2

      Very good point! And sorry to hear that, that is one of those horror stories that we just hope doesn't happen to us. No one in their right mind would have spent $1000+ on the engine teardown without any indications that something was wrong so I would have been in the same boat.

    • @tocsoldier
      @tocsoldier Před 4 lety +2

      ​@@TrentonPalmer A horror story, but rare. We were thankfully prepared. The biggest bummer for us was the several months that it was out of commission for overhaul.
      I also don't want to discourage anyone from buying a plane (certainly the opposite). I would just hate to see someone zero out their bank account on the purchase and be grounded shortly after because they were not ready for a major expense.

  • @CaptainCharlieBravo
    @CaptainCharlieBravo Před 4 lety +5

    TEACH ME YOUR FILMING WAYS OH MASTER PALMER! Another rad flick. Maybe another video on your filming techniques???

  • @FloridaFlying
    @FloridaFlying Před 4 lety +3

    Your cost breakdown is the most honest and accurate one I’ve seen on CZcams. Thanks for bringing the truth!

  • @kevincanfly
    @kevincanfly Před 4 lety +81

    That’s why I fly a Paramotor, my fixed costs are the equipment purchase. I burn about 1gal/hr=$4/hr 😂. I’m working on my PPL, I’ve done my solo and now working on XC. I plan to become an instructor and I’ll let the school worry about the planes.... good video! Plane ownership is not for the average guy but there are clubs and buy-in’s. Many ways to split costs.

    • @loganreuter6072
      @loganreuter6072 Před 4 lety +6

      I also feel that part 103 gets you the most freedom in aviation. Hardly any regulations and super cheap (for something that flies) as you said. Also do you even need insurance for an ultralight?

    • @kevincanfly
      @kevincanfly Před 4 lety +4

      No insurance is “needed”. One thing I do have is “Life Flight insurance”. Often times the cost of that is more than what healthcare will cover or at all. I hope n pray I never need to use it!

    • @mcbiker77
      @mcbiker77 Před 4 lety +2

      Paramotor is much more wind dependant, right? So being in a windy area means a lower amount of possible flight opportunities.

    • @kevincanfly
      @kevincanfly Před 4 lety +2

      Yes, a Paramotor has a limited amount of wind it can fly in. We typically fly the “old guy hours” early morning or later in the evening. We try to avoid the mid-day thermals. As the earth heats up the atmosphere expands and contracts. We utilize more micro meteorology to seek out the best possible conditions for a safe and smooth flight.

    • @loganreuter6072
      @loganreuter6072 Před 4 lety

      Ultralights only general are more wind dependant

  • @bryanbarnett2767
    @bryanbarnett2767 Před 4 lety +5

    I love the cinematography, I can see why your day job is filming, the intro could easily be an oil commercial 👍

  • @flywiththeguys
    @flywiththeguys Před 4 lety +2

    Great description on the cost of owning! You nailed one aspect I missed in my video, and that was the value of the airplane and it's appreciation.

  • @ThomasHart59
    @ThomasHart59 Před 4 lety +1

    Great edit on the oil-change sequence! Love how you took something as mundane as an oil-change and made it fun. Thanks for the cost info too.

  • @jessebrown1497
    @jessebrown1497 Před 4 lety +26

    When all my coworkers go out to eat or spend north of $10-15 for lunch everyday at the Cafe they look at me weird and wonder why I eat PP&J and left overs almost exclusively. I tell them I would rather convert my food money into BTUs. It's far more fun.

    • @philipboug
      @philipboug Před 3 lety

      I am Australian... PP&J?

    • @flyingtigers7856
      @flyingtigers7856 Před 3 lety +1

      And whats BTU's?

    • @philipboug
      @philipboug Před 3 lety

      @@flyingtigers7856 Well when I went to school it meant British Thermal Units, a measure of energy, so he may be talking about buying gas. Now, for am old Aussie like me( 77) what is PP&J..?

    • @flyingtigers7856
      @flyingtigers7856 Před 3 lety

      @@philipboug Thanks for the reply! PP&J usually means peanut butter and jelly sandwich. Jelly is what we call jam! So I'm guessing he watches all his buddies enjoying $15 cafe lunches while he is chowing down a $1.50 PP&J sandwiches! Saving those dollars for BTU's!! :)

    • @philipboug
      @philipboug Před 3 lety +1

      @@flyingtigers7856 Why didn't I think of that?! Of course it is! And yes, I love peanut butter, but not with Jam... LOL (Actually, never tried that... must do it.) now, please be careful, my definition of BTUs is just what I learned, SOGR may be thinking of something completely different! hopefully he will get back to you :-) Cheers for now, Phil.

  • @JimForeman
    @JimForeman Před 4 lety +9

    Enjoyed your video but it reminded me of an old saying, "If you have to wonder what it costs, you probably can't afford it." My last airplane was a Cherokee 6 which cost $4000 for the last annual.

  • @Tinybitofageek
    @Tinybitofageek Před 4 lety

    those cinematic intro shots from 0:40 to 1:19 are so stunning, and well edited too, with perfectly matching beats. Well done, Trent, thanks!

  • @gabrielbroomfield1164
    @gabrielbroomfield1164 Před 4 lety +2

    Thank you Trent for sharing this. Very helpful!

  • @ExperimentalAircraftChannel

    EVERYONE has hobbies (or addictions :-) ) Just depends on where you want to put that $$$ effort and attention. Good video Trent! As always...LOVE the B-Roll!

    • @RADThird1
      @RADThird1 Před 4 lety

      Exactly. I'm an acoustic guitar nut and next month I'll be attending the Artisan Guitar Show in Harrisburg, Pa. There I will be walking around looking at incredibly beautiful instruments handmade one at a time by some of the worlds best craftsmen/women. These things usually start in price at ~$5,000 and can and do sell for $15 to $20 thousand each. I have friends who own 5, 6, 8 of these guitars(NOT ME!) but it's all about what someone values their hobby/addiction at!

  • @iaincrockett744
    @iaincrockett744 Před 4 lety +5

    I too like to avoid the numbers (always painful...) but I REALLY appreciate this video and your willingness to address this topic. As a prospective future aviator I need to know these nitty-gritty details if I am ever going to be able to make that leap. Thanks!

  • @braydentroiani7156
    @braydentroiani7156 Před 3 lety +1

    I loved how you even made changing the oil look epic by making it cinematic

  • @jones616
    @jones616 Před 3 lety

    Thanks very much for a quick, comprehensive cost of operation/ownership of your Kitfox. I've been watching your videos for awhile and thoroughly enjoy.

  • @scottwoods3997
    @scottwoods3997 Před 4 lety +3

    Great job, Trent! As a mechanic and pilot, I wish more owners would do the research and realize that the cost of aviation is not cheap. Just like any hobby, it can be as cheap or expensive as you want. That being said, if you are going to put your butt or your family in an airplane and leave the ground, don’t be cheap. Plan ahead, make smart decisions and be safe!

  • @massacmongo995
    @massacmongo995 Před 4 lety +165

    So basically an average person with a good job could afford flying if that was all they did for recreation . It'd all what's important to you . Thanks for the breakdown

    • @jackvernian7779
      @jackvernian7779 Před 4 lety +14

      actually I think the nail in the coffin for me would be if the plane was a certified one and not an experimental. that 10 grand payment for an inspection would be a complete deal breaker.

    • @halfSpinDoctor
      @halfSpinDoctor Před 4 lety +13

      @@jackvernian7779 I have a certified Cessna 172, and the annuals range from $1000 - 1500. If something breaks, you can often fabricate "owner manufactured components" to avoid having to purchase a very expensive new or PMA part, but it all depends. You can get unlucky and have something expensive break.
      And of course you can always have bad luck and have a major engine issue that requires an overhaul before the 1800 TBO limit. An overhaul can range from $15,000 - $20,000, and the engine accounts for more than half the value of the aircraft, so it can represent a major loss for an owner if something goes wrong.

    • @FTIGroup
      @FTIGroup Před 4 lety +21

      If it is you hobby you can afford it. It’s no more expensive than riding dirt bikes, RC vehicles, skydiving, hunting, or going out on the weekends. Find a decent plane with decent partners and it’s more than affordable.

    • @chrisbowpiloto
      @chrisbowpiloto Před 4 lety

      Jack Vernian those are very rare and only happen if something is very wrong with the plane

    • @AkPacerPilot
      @AkPacerPilot Před 4 lety +7

      Jack Vernian it’s pretty rare that your single engine, non complex GA aircraft is going to cost you that much during an annual. The annual is an inspection, the work found on those inspections does not have to be done by an A&PIA, it can be done by an A&P. The issue with certified is it has to use certified parts in most cases. Those certified parts are typically 3 to 5 times the costs despite often being the exact same part you would use on an experimental. There is usually more to those “10K” annuals then what is shared, often it’s a failure to research AD’s prior to purchasing an aircraft and or AD’s that were pencil whipped, that results in those high costs. For example when I got my pacer, it had an AD for the exhaust that had been signed off but had never actually been done. Having got a good pre buy, it was discovered prior to me buying it, and I was able to negotiate the price to have the money to fix it. Had I not gotten a good prebuy that first annual would have cost me 6 grand in the things we found, instead of paying 35K for the plane, I paid 28K and then I covered the cost of the repair to make it airworthy. Point is, if your smart about its not that expensive.
      Honestly I spent more on my new Ford PU over the last 3 years than what I’ve spent on my plane the last 10 years. the plane hasn’t depreciated while the truck has. It’s all about perspective I suppose.

  • @Eltern10
    @Eltern10 Před 3 lety +2

    Rotax 915 - proudly produced only a few miles away from where I live in Austria. KTM, Glock, Diamond Aircraft, Red Bull and Swarovski - all from Austria.

  • @traderzang5728
    @traderzang5728 Před 4 lety

    Dude such a great video! I have been looking and researching for awhile and this is a good resource because you're giving real data. Thanks trent!

  • @quinnjim
    @quinnjim Před 4 lety +43

    As a comparison, my insurance on a Cessna 150 is $500 per year. That's about as low as you can get with lots of flight experience and a "low end" airplane.

    • @jackvernian7779
      @jackvernian7779 Před 4 lety +4

      500 per year sounds reasonable enough

    • @TrentonPalmer
      @TrentonPalmer  Před 4 lety +10

      Wow, that's cheap! Have you renewed this year yet? Rates just went up across the boar unfortunately 😕

    • @gapster46
      @gapster46 Před 4 lety +1

      @@TrentonPalmer My insurance last year was $468. Beech Musketeer. Private pilot with 1200 hours and I’m not flying anymore, but I’m keeping the insurance up till I decide to sell it.

    • @quinnjim
      @quinnjim Před 4 lety +11

      @@TrentonPalmer Just paid for it in January. The Cessna 150 has a hull value of $24,000 and I have 20,000 hours with an ATP and CFI. I think all that helps. Our Cirrus was $1,500. Much higher hull value and too many orthodontists crashing them make the actuaries adjust the rates upward! :)

    • @pete365720
      @pete365720 Před 4 lety

      @@quinnjim My Cherokee was costing me about $550 for same coverage. Paved tie down was $20.00 a month..at major airport.

  • @dedwin8930
    @dedwin8930 Před 4 lety +3

    I agree with you milage on my truck! Dont want to know!!!!!!!! Just use it!! Thanks Trent

  • @l2rracin
    @l2rracin Před 4 lety

    With Aircraft onership you hang out at the airport more and get to know all the other pilots and others at your AP and the surrounding APs in the area , The camaraderie with your friends of many many years is priceless. Somthing you don't get from renting. Everything anymore is expensive you just have to chose the vice that makes you happy.

  • @angelreading5098
    @angelreading5098 Před 4 lety

    Great video Trent,loved the artistic oil change ! you are good at what you do,happy landings and blue skies always.

  • @GATOROC1
    @GATOROC1 Před 4 lety +4

    Thanks Trent - I appreciate the great information and insight on what ownership costs. As always, incredible video!

    • @ctsteve1967
      @ctsteve1967 Před 4 lety

      his air plane cost more than what is stated, his new motor cost about 40 thousand

  • @sanderolsthoorn7728
    @sanderolsthoorn7728 Před 4 lety +43

    O man, I should move to the USA. I can only dream of those numbers here in Europe....

    • @hempelcx
      @hempelcx Před 4 lety +5

      Trent's location and the type of plane he flies keep the numbers low. Averages for GA in the US are much higher than this video.

    • @onelyone6976
      @onelyone6976 Před 4 lety +8

      Sander Olsthoorn well hope you don’t mind ridiculously exepensive education and healthcare

    • @josefstalin4532
      @josefstalin4532 Před 4 lety +1

      @@onelyone6976 None of those are particularly expensive but OK..

    • @idontcare7961
      @idontcare7961 Před 4 lety

      @@onelyone6976 You mean death care lol.

    • @hiddenknowledge2012
      @hiddenknowledge2012 Před 3 lety

      @@josefstalin4532 Yes they are, literally thousands lol

  • @danielhare9218
    @danielhare9218 Před 4 lety

    Killa B roll intro!! Thanks for shedding some light on costs. very helpful.

  • @Nalaislonley_
    @Nalaislonley_ Před 10 dny

    Thanks Trent! As always you are a great source for research as I take on this new adventure. I appreciate it!

  • @benstockert1219
    @benstockert1219 Před 4 lety +14

    It’s a personal thing, owning my own LSA for me is priceless.

  • @BmHabib017
    @BmHabib017 Před 4 lety +16

    I paid a little more than $20k this year renting a C172N every weekend for a little over 2 hours from my FBO. I think any way you spin this, owning your own is definitely the more inexpensive route in the long run.
    Still looking for my own plane. I'm torn between playing it safe with a C152 or doing what my heart wants and buying a Highlander

    • @kensherwin4544
      @kensherwin4544 Před 4 lety +3

      Our hearts are the reason we fly so listen to yours. I swapped a Champ even for a TriPacer because my head said a guy with a family needed 4 seats. It was so much less fun to fly it! Once again, listen to your heart.

    • @Mrsournotes
      @Mrsournotes Před 4 lety

      A Toyota? 😆

    • @BmHabib017
      @BmHabib017 Před 4 lety +1

      @@kensherwin4544 I want a 4-seater too and was entertaining the idea of a Mooney or going with an RV-10, both are nice.

    • @pete365720
      @pete365720 Před 4 lety +1

      Look at the RANS S20 first.

    • @BmHabib017
      @BmHabib017 Před 4 lety

      @@pete365720 Thanks for the recommendation! I like these so far, i'm going to read up on them more.

  • @Dan007UT
    @Dan007UT Před 4 lety +1

    THANKS TRENT. I HAVE been waiting for this video!

  • @BenFreedmanRacing
    @BenFreedmanRacing Před 4 lety +2

    Glad you did a video on this, I was wondering. I did a video on the cost of racing that people liked as well. I guess people like to dream about possibly doing this stuff!

  • @samroesch
    @samroesch Před 4 lety +3

    Haha that’s probably the most beautiful oil change footage that exists anywhere, ever.

  • @KeithKman
    @KeithKman Před 4 lety +11

    I’m surprised how inexpensive it is actually. I feel like based on the numbers of plane operational costs owning a nice boat that you took to the lake often would cost more than a plane. Pretty crazy. Thanks for the great video, Trent!

    • @TrentonPalmer
      @TrentonPalmer  Před 4 lety +8

      Yeah, I used to be really into Polaris RZRs, actually raced them, and that was more expensive for me than flying!

    • @HerroRya
      @HerroRya Před 4 lety +6

      Boats are just holes in the water you throw money into.

    • @rik999
      @rik999 Před 4 lety +4

      Owned a 17’ outboard on Long Island sound. Running costs were similar to Trent’s with a 6 gal/hr fuel burn @ 20 kts. Salt water is tough on equipment so maintainence and TBO were frequent. Bought new and boats are a very depreciable asset. Fixed costs were dock space, insurance etc. In all, I spent a little less than Trent for about 200 hours/year on the water.

    • @KCadbyRacing
      @KCadbyRacing Před 4 lety +2

      It can cost way more to operate what's considered an OK boat in coastal areas (minimum 21Ft with single 150hp, preferably 24Ft with minimum twin 150hp)...
      Going the rest of the way off topic, it's just plain crazy how many 40+Ft boats you see in Florida now with three or four 250-350+Hp outboards = 25K-35+K for each engine, burning anywhere from 6-11GPH each @ Slow Cruise, up to 34+GPH each @ How Big Is Your Wallet WFO 😲 Hey that's only $8.50 a MINUTE for fuel 🤪

    • @keatonhatch6213
      @keatonhatch6213 Před 4 lety +1

      HerroRya you know what boat stands for right?.. B.ust O.ut A.nother T.housand

  • @flyer6931
    @flyer6931 Před 4 lety +1

    Good job, Trent. Good breakdown!!

  • @BKlus
    @BKlus Před 4 lety

    This video is valid for any toy you buy, boat, sports car, side by side, snowmobile. Great video.

  • @wrenvizsla2432
    @wrenvizsla2432 Před 4 lety +32

    That was a truly amazing montage of the oil change. Made something so simple and boring beautiful and amazing great job.

  • @mooseknuckle_4474
    @mooseknuckle_4474 Před 4 lety +16

    My father is currently building a Rans S7 and he’s trying to get costs dialed in moving forward once the build is complete. This will be very helpful. Thanks!

    • @pete365720
      @pete365720 Před 4 lety +1

      I have a S7S with 200 hours on it. So far only had to pay for oil changes. Fuel burn is about 3GPH auto fuel, so it can be done cheap.

    • @mooseknuckle_4474
      @mooseknuckle_4474 Před 4 lety

      pete365720 wow!! 3 gph is unreal!

  • @Americanivcesku
    @Americanivcesku Před 4 lety +1

    It never looked this cool when I changed the oil on the C206. Great footage!

  • @motoacker
    @motoacker Před 4 lety +1

    So nice to see a transparent and honest breakdown of ownership costs. You did a great job, Trent. I wish here in Brazil we could get somewhere close to that. Besides every part, maintenance and fees being more expensive It is also way more expensive to actually buy an aircraft. We're looking at about 200k of our currency just to buy one of the cheapest aircraft you can find and about 600/700 per hour to operate. Maybe moving overseas is just about the only option for the dream of a owner/operator aircraft. Glad to see It's actually achievable.

  • @Leofred2000
    @Leofred2000 Před 4 lety +4

    Are you going to take a "flight trip" any time soon? Like across the US, or up to Alaska or even Argentina? Think that would be great!

  • @ben-n-stephflyingcircus8281

    I was into this until the razor commercial. I get what you're doing and why but damn! I hope this isn't the norm.

    • @RossLeavitt
      @RossLeavitt Před 4 lety

      Ben if you owned an airplane, wouldn’t you be looking to offset the cost in your CZcams videos?

    • @ben-n-stephflyingcircus8281
      @ben-n-stephflyingcircus8281 Před 4 lety +1

      Ross Leavitt I do own an airplane. I’m sure his 30k dollar airplane that burns 4 gph and takes 3 quarts of oil is breaking the bank! Maybe it’s the monster new house on the huge piece of land? Really the only thing that’s changed recently? You may have missed the part of the comment where I said I get what he’s doing and why he’s doing it. Just makes the video unwatchable in my opinion. I watch these videos for the content not advertising. Everyone does it with their shout outs to sponsor’s but a full on infomercial? It’s laughable and quite frankly sad. Sorry if my opinion differs from yours.

  • @mundodajujuba1515
    @mundodajujuba1515 Před 4 lety

    the lights in your videos are amazing

  • @kensnyder2340
    @kensnyder2340 Před 4 lety

    Excellent video Trent. I enjoy learning all these facts.

  • @Kurapoto
    @Kurapoto Před 4 lety +4

    Best post yet. I've subscribed and I hope others do too. Thanks Trent! Love from NZ

    • @Kurapoto
      @Kurapoto Před 4 lety +1

      thank you for all the information Trent.

  • @joentexas
    @joentexas Před 4 lety +4

    Wished I had seen this 20 years ago. Oh well, in the next life. Great videos though Mr. Palmer, all of them. Thanks.

    • @motivatedtrephome
      @motivatedtrephome Před 4 lety

      Never too late. I'm mid 30's myself and have been thinking of getting my pilots license for the last 4 years. I'm eager but now I'm getting married this year. A lot of expenses to save up for... That said, I don't want to be discouraged from flying. I truly want to fly and some day own my own personal plane. Sorry, went on a random tangent there. All-in-all, I don't think you have to wait for your next life. Go for it... Start a gofundme.com campaign, mow some lawns, team up with other people, like me, who really want to but keep pushing it off and pushing off because of the cost associated. There is support in numbers... Maybe we can set some goals to achieve. I don't know, I'm just spit balling over here. I just really want to fly when i'm not working. It's peaceful. I'm from indiana, so if you ever make it to indiana, look me up: tzlifestyle.com - love to talk shop. Till then, I want to encourage you to pursue your flight dreams. We only have one life. Live it doing the things you want. You can do it.

    • @pittss2c601
      @pittss2c601 Před 3 lety

      Just find a pilot who owns a plane that you like. Pay him/her to fly you in there plane. They will let you do the flying. Pilots like me are always looking for ways to cut our costs. It doesn't matter what your age is.

  • @Pedro5antos_
    @Pedro5antos_ Před 4 lety +1

    Awesome info Trent! For sure these number are gonna motivate a few people about flying, thanks

  • @lynettadoye5892
    @lynettadoye5892 Před 4 lety

    Great video! Thanks for the info Trent!!

  • @maxbootstrap7397
    @maxbootstrap7397 Před 4 lety +9

    Good topic. I think we all wish for more detail, but this presentation was still a lot better than nothing. Perhaps another topic to discuss that is somewhat related to this is ... how to reduce costs via partnership with 1 or 2 or 3 other pilots, or a "club", or any other way of collaborating. Truth is, I'm looking for another 1~3 pilots in the southwest (somewhere near the junction of Nevada/Arizona/Utah) who might want to partner on a brand new airplane that is a combination of STOL (like Kitfox) plus faster, longer-range and better-fuel-economy.

    • @anthonyrstrawbridge
      @anthonyrstrawbridge Před 4 lety +1

      I disagree. Trent's mission is clear. He presented it from this perspective: His channel. I tried to do the math.... here you do it, fill in the blanks. Costs ( Fixed + Operating( -/+) depreciation
      = Value / Returns

    • @maxbootstrap7397
      @maxbootstrap7397 Před 4 lety +1

      @@anthonyrstrawbridge : Not sure what you disagree with. I liked the video too, and only wish it was a bit more detailed. And the topic is definitely a good one, as I said.

    • @anthonyrstrawbridge
      @anthonyrstrawbridge Před 4 lety

      @@maxbootstrap7397 I already know about all the options so opted out from the all inclusive part. Again, that is your perception.

    • @hempelcx
      @hempelcx Před 4 lety

      To factor in a partnership you divide the fixed and reserve costs by the number of partners, basically everything else stays the same.

  • @Karl__Pierre
    @Karl__Pierre Před 4 lety +5

    Have Harry Knots...Trent has just the thing!

  • @chrisreeves4388
    @chrisreeves4388 Před 4 lety +1

    Great video. I’m asked the same question a lot as well. When I bought my first plane (‘47 Stinson 108) I kept a detailed spreadsheet. When I bought my second plane (‘53 Cessna 180) I didn’t, because it didn’t matter anymore. The passion I have surely beats out what that spreadsheet says.

  • @mrvaughn06
    @mrvaughn06 Před 4 lety

    Been watching for over a year! Best video intro on CZcams, and love your music selections keep up the good work

  • @av8tore71
    @av8tore71 Před 4 lety +4

    I'm an A&P mechanic on so I can save there untill an IA has to inspect my work and then sign my Mooney M20C log books which I have 3 log books 1. Airframe 2. Engine O-360-A1D and the Hartzel prop so I spend roughly on maintenance alone and if no major work done I can spend about $2500.00 but this is not fuel, oil or insurance or hanger fees I spend $350.00 monthly on hanger fee which is heated so here in Illinois it's a god send. Or if you total it up about $7500.00 give or take a couple hundred.
    I paid more for my car insurance policy compared to insurance on my plane and the airplane insurance through AVEMCO is a million dollar policy. I don't have electric gear I have the Johnson Bar

    • @Allan_aka_RocKITEman
      @Allan_aka_RocKITEman Před 4 lety +1

      @Av8tore71 >>> FWIW, I would LIKE to build and fly my own homebuilt someday, BEFORE I become _worm food_...😊
      My probable choice will be something two-place and with fixed gear. HOWEVER, if I DID ever choose a design with retracts, I would want something SIMPLE, as you mentioned.
      Just from being a former _"Coastie",_ I am aware of at least two USCG aircraft that landed with at least one landing gear not extended {an HH-65 Dolphin and an HU-25 Falcon}. Now, I was NOT personally involved in either of those cases, NOR were there any injuries IIRC. However, the COST repairing a gear-up landing -- IF the aircraft is even repairable -- make retracts NOT a preferred option.

    • @av8tore71
      @av8tore71 Před 4 lety +1

      @@Allan_aka_RocKITEman the retracts problems always seemed to be the ones that's electric or hydraulic. The Johnson Bar I mentioned is just push tubes and swivels which is just mechanical which makes it less likely to fail. There are plenty of kits out there like a Glassair 2+2. That's a nice kit it takes about 2 weeks to taxi or the Glassair II & III which is all aluminum but these are high performance aircraft. There is also Vans Aircraft which is very popular for home built. You can become a member of the EAA and you will have build coaches who can help during the build process.
      Worm food??? Not sure what you mean but people can be worm food driving to the local grocery store

  • @theartofpixels
    @theartofpixels Před 4 lety +6

    Have been looking at getting my first plane...then is video shows up...I think it's a sign haha

  • @jerrydelyea5820
    @jerrydelyea5820 Před 4 lety

    Thanks Trent great info. I had been thinking about buying actually but seeing just how much I spend flying my paramotor and trike made me a bit apprehensive. As much as I would love to this info just helped me decide, so thank-you. Truly love your channel, always good entertainment and info. Cheers to you and the better half.

  • @ziggycamel
    @ziggycamel Před 4 lety

    Great topic to cover especially for those looking to get into aviation! Thank you!

  • @dukejupiter7870
    @dukejupiter7870 Před 4 lety +3

    Great insight Trent insurance isn't as bad as I would expect a lot of people smoke more than 300/ month🙄

  • @chandlerlane6101
    @chandlerlane6101 Před 4 lety +3

    Hey Trent how are you I am 14 right now and I know I am not old enough to fly but what would be the first steps in getting my pilots lisence

    • @masongulliver4370
      @masongulliver4370 Před 4 lety +3

      Hi Chandler, I'm not sure if it's the same case wherever you are vs in Canada. But you can start flying ( and Soloing ) at 14!
      I'd say talk to your family and give a local flight school a call.
      A lot of places might do a familiarization flight for a good cost to get your started.
      Cheers

    • @navion1946
      @navion1946 Před 4 lety +3

      Chandler Lane hi Chandler, I’m not Trent but I recommend you get started with learning right away. Get involved at your local airport flight school and show your enthusiasm. People will “come out of the woodwork” to help a young person get started. You can solo on your 16th birthday and get your private license on your 17th birthday so it’s not too early at all. Perhaps take an online ground school (there’s no age limit for that) like Sporty’s.com. Check out EAA.org and aopa.org for tons of resources to help a guy in your shoes to get started. I had the desire to fly at 14 but no one showed me these things. You can do it and even if you only take one or two lessons for now it will pay dividends for your future. Good luck and if you’re anywhere near Seattle pm me and I’ll try to help more.

    • @ctsteve1967
      @ctsteve1967 Před 4 lety

      save your money and take the pvt written test.

    • @fastfox23
      @fastfox23 Před 4 lety +1

      Also not Trent, but my thought for my nephew (he's 13) is flight school now, learn to fly well even though you can't solo, then get an ultralight (I don't believe there's an age limit for them, but double check to be safe) fly that until you can get your license and you'll be miles ahead of everyone else.

  • @alejandronovoa9883
    @alejandronovoa9883 Před 4 lety +1

    Pretty good estimations , thanks for helping people out there !!

  • @Mike7478F
    @Mike7478F Před 4 lety

    An eye opener. Rock.on. Safe flying.

  • @thephotographicauditor6715
    @thephotographicauditor6715 Před 4 lety +26

    If one can afford to own/operate/maintain a dually pickup, one can own and operate a fixed gear, small single engine piston aircraft.

    • @adventuresoftara
      @adventuresoftara Před 4 lety

      My dually is 2k in insurance per year. Stol plane - 5k insurance, maps 200, 3k for hanger. We arnt even close in comparison for fixed costs.

    • @hollywoodspen
      @hollywoodspen Před 4 lety

      adventuresoftara Fixed cost maybe not. But I’d be willing to bet your operating cost with fuel alone would be pretty close.

    • @super_slo
      @super_slo Před 4 lety +1

      Yeah, but the operating and maintaining isn't free on a diesel dually. I used to commute in one, had $1k/month payment, $800/month fuel. That was pre-DEF, and i had a dealer oil change program, so even more costs for the average owner now. I feel like his statement is pretty fair - for a lot less than my dually i could have been flying! 🤯

    • @thephotographicauditor6715
      @thephotographicauditor6715 Před 4 lety

      Super SLo Same costs if you were making payments on a comparable plane and paying an IA/AP for all maintenance & inspections. Flying costs twice the price of driving on an x/c, except you do it in 1/2 the time. So, moot point.

    • @airgliderz
      @airgliderz Před 4 lety

      Try the far better Tesla pick up, very low fuel/maintenance costs. Plus it looks far better/cooler then any dually or Pickup made today.

  • @OverKilL413
    @OverKilL413 Před 4 lety +13

    I want to live there
    In Germany it would be A LOT higher and you cant even do some bush-flying

    • @chrisr4815
      @chrisr4815 Před 4 lety +2

      Germany sucks. It's more Nazi Germany now than it was when it was actually Nazi Germany.

    • @paulmarchi1393
      @paulmarchi1393 Před 4 lety +9

      @@chrisr4815 Nah dude wtf

  • @humanskill
    @humanskill Před 4 lety

    Very informative video Trent. Thanks for putting it together.

  • @mikeprice4180
    @mikeprice4180 Před 4 lety

    Thanks Trent for the info.

  • @brianclark8085
    @brianclark8085 Před 4 lety +11

    as a A&P i would be able to tell a pilot safety wired that oil drain in first 1:20 seconds of this video

    • @stuartkcalvin
      @stuartkcalvin Před 4 lety

      Yep, I saw that as well. Next step is to send Trent twitching pliers and then explain what's what.

    • @iffykidmn8170
      @iffykidmn8170 Před 4 lety +1

      @@stuartkcalvin Looks like a pair in the tool box already.

    • @stuartkcalvin
      @stuartkcalvin Před 4 lety

      @@iffykidmn8170 Mate, they weren't twitching pliers, they's was cutting pliers. There's fencing pliers, pipe cutters, wire cutters and twitching pliers.

    • @Allan_aka_RocKITEman
      @Allan_aka_RocKITEman Před 4 lety

      @@stuartkcalvin >>> _"Twitching pliers"?_ Is that another name for _safety wire pliers?_

    • @kentvandevender9731
      @kentvandevender9731 Před 4 lety

      Is the twitching pliers related to twerking pliers?

  • @L2FlyMN
    @L2FlyMN Před 4 lety +8

    I keep saying some day, to keep my dreams alive.

  • @chevy791979
    @chevy791979 Před 4 lety

    Thank you for this. As we all know its painful to do these. Keep it up bro. You've inspired me to start aiming towards making the world smaller by being in the air.

  • @trevornelson1300
    @trevornelson1300 Před 4 lety

    Thanks for the breakdown. Seems about on par with what my pilot friends tell me too.

  • @privatecautious3643
    @privatecautious3643 Před 4 lety +17

    Nothing fun is ever, cheap or even affordable when there are kids involved.
    It’s all about priorities

    • @briankgrant
      @briankgrant Před 4 lety +1

      True. And rarely, before having kids, does anyone analyze what it will cost.

    • @l2rracin
      @l2rracin Před 4 lety

      briankgrant if you did nobody would ever have any kids.

  • @Boywonder-yz8qm
    @Boywonder-yz8qm Před 4 lety +4

    $44 isn’t that bad compared to our tbm avenger at $2,000 per hour

  • @CVObservatory
    @CVObservatory Před 4 lety +1

    Sure do miss your adventures. Can't wait till you get back to regular uploads.

  • @jpwdowiak
    @jpwdowiak Před 4 lety

    Never thought an oil change could be so cinematic 😂😂 keep it up Trent, I have always looked forward to your uploads 👌

  • @JK-tu1xx
    @JK-tu1xx Před 4 lety +5

    So what you're saying is it's no more expensive to fly a plane than it is to drive a couple nice sports car or have a garage full of motorcycles 😂

  • @BrianBushRacing
    @BrianBushRacing Před 4 lety +4

    Im just shocked that Harry's founders are Jeff and Andy

  • @alistairpowers8129
    @alistairpowers8129 Před 4 lety

    Great video Trent thanks for posting, yes aviation has never been cheap, and never will be, along with many other sport activities, you pay your money and takes your choice.

  • @jennieanddavis
    @jennieanddavis Před 4 lety

    Love this breakdown! Always heard ~$500 a month is a good rule of thumb. It’s great to hear your setup is close enough to that. Can’t wait to start building ours in a few years.

  • @jamesstumpf75
    @jamesstumpf75 Před 4 lety +15

    So what you’re saying is I’m going to have to start stripping at two clubs to afford this?? Ugh.

    • @peterhaan9068
      @peterhaan9068 Před 4 lety +1

      You can write off your tassels so it ain't all bad!

  • @plushiie_
    @plushiie_ Před 4 lety +3

    So its just like owning a decent size boat :)

    • @Bladavia
      @Bladavia Před 3 lety

      I want both aaaaaaaaarrrrgh

  • @theimpossibledreamer8541
    @theimpossibledreamer8541 Před 4 lety +2

    Owning an airplane can come with surprise costs and increased responsibility, but it forces you to get to know the plane better than the old beater the FBO has for rental you only see an hour or two here and there, which in the end makes you a safer pilot. I love being able to go out to the hanger and know that my plane is sitting there ready for me to fly anytime I want, and the major bonus is that I know that I was the last one to fly it!

  • @dougarroyo794
    @dougarroyo794 Před 4 lety

    Thanks Trent, another great informative video. I like watching Cory showcase the beauty of flying and Mike's "over the top" creative engineering, but I like where you might be going with your channel. Would be great to see comradery of the flying cowboys come together for more regular collaborations.

  • @sexymonkeygod
    @sexymonkeygod Před 4 lety +3

    Hell that's what I pay in year daycare for my kids.

  • @larrymedler263
    @larrymedler263 Před 4 lety +4

    So your 100 dollar hamburger is about 23 minutes flight time or less.

  • @sonshinelight
    @sonshinelight Před 4 lety

    Yep. That's exactly where I'm at. Analyzing costs prior to pulling the trigger. Thanks, Cowboy.

  • @ronnotron570
    @ronnotron570 Před 4 lety +1

    Artistic awesome intro... followed by great info for a perspective pilot- Great Vid!