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Topic Options
#33877 - 04/22/11 02:35 PM How much does your C172 cost you per hour?
Beeza Offline
Club Sponsor
Pilot in Command

Registered: 01/20/11
Posts: 370
Loc: Cabarete, Dominican Republic
As word gets around that Wrecksum and I have our plane here in the Dominican Republic, we are getting more and more enquiries from folks who want to go for a ride.

In fact our little jaunt over to Grand Turk was to help out a friend who needed to leave the DR for immigration reasons. He contributed towards the cost of the trip, but by no means paid for it entirely.

We have to be very careful here as we are not registered as a licensed air taxi (Part 135) and I am only PPL. Although Wrecksum is a CPL. It's a great opportunity for me to get someone else to help contribute towards my hour building, pro-rata of course.

One route in particular is Puerto Plata to Punta Cana. Since the local domestic airline pulled that route, our enquiries are increasing.

I am thinking that it costs $120 an hour to operate our plane. That includes fuel at $7 a gallon, engine amortization (Penn Yann 180hp), insurance, parking, landing fees, and our trust management.

Although for all one-way routes we have to ask for round-trip as we need to get back home to POP. So for a one hour and twenty minute flight we would have to ask for a $300 contribution. But for the same duration as a sightseeing tour landing back at POP we would only be $150. Do you think that's a fair price?

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#33881 - 04/22/11 03:12 PM Re: How much does your C172 cost you per hour? [Re: Beeza]
Glenn Darr Offline
Club Sponsor
Gold Pilot

Registered: 03/01/10
Posts: 1708
Loc: Arizona
counting all of my expenses for the year: annual, hangar rent, getting improvements, and other stuff, my cost was $132.50 per hour of flying time. That was for 109.5 hours in 2010.
_________________________
Glenn
1969 172K
KAVQ

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#33888 - 04/22/11 03:38 PM Re: How much does your C172 cost you per hour? [Re: Glenn Darr]
Beeza Offline
Club Sponsor
Pilot in Command

Registered: 01/20/11
Posts: 370
Loc: Cabarete, Dominican Republic
I guess I haven't factored in the maintenance labour costs as I do that myself. So I suppose I could include that in the hourly rate.

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#33889 - 04/22/11 03:41 PM Re: How much does your C172 cost you per hour? [Re: Beeza]
Hawker172E Offline
Pilot in Command

Registered: 02/24/11
Posts: 488
Loc: NE PA
I stopped calculating after putting in a new engine in my old 172M. That's not a complaint - I love owning my own airplane - I just try not to look! smile
_________________________
Hawker


Flying an airplane with only a single propeller to keep you in the air. Can you imagine that? ~ Captain Picard

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#33893 - 04/22/11 04:46 PM Re: How much does your C172 cost you per hour? [Re: Hawker172E]
California Flyer Offline
Diamond Pilot

Registered: 10/21/09
Posts: 5441
Loc: Groveland, California
I found this website when I was trying to determine the cost per hour of my plane. Using these figures as a starting point, I was able to add and subtract the numbers to get a number that's closer to my own costs. For example, insurance was lower but hangar costs are higher for me.

Here is the link to the cost per hour for a Cessna 172SP:
Cost Per Hour -C172SP

Here's the link to the main page where you can select from several types of planes. They've got 172s broken out into a few options (early models, XPs, SPs, etc).
Operating Cost main page

I'm going to see how well this tracks to actual costs for the first couple of years, then likely give up because "it is what it is"...
_________________________
Co-Conspirator, Cessna 172 Club and Forum
http://www.cessna172club.com


Owner of N291ME, a 2000 Cessna 172SP

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#33895 - 04/22/11 06:26 PM Re: How much does your C172 cost you per hour? [Re: California Flyer]
Rusty Rudder Offline
Diamond Pilot

Registered: 02/26/10
Posts: 6475
Loc: NorthEast
2010, $85 per hour 105 hours
_________________________
Take-off's are optional, landings are manditory



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#33896 - 04/22/11 06:39 PM Re: How much does your C172 cost you per hour? [Re: Rusty Rudder]
kaustin Offline
Safety Pilot

Registered: 03/24/11
Posts: 34
Loc: Tupelo, MS
I decided to wait on the purchase till later and rent. When I was looking to buy the average I found was $90 -$110 but that was using $3.50 for fuel (they were older numbers averaged).

I was very pleasantly surprised to see what my local FBO rents a c172. Starts at $110 per hour. If you buy in blocks of 5 hrs it goes down to $92 per hour. Knowing that I would need a lot of training hours I ask the manager about a larger block. I was able to pre buy 25 hours at $82 per. The way fuel is going up I count this as a no brainer.

Going on what I found in my research I figure the $132 price would be pretty close with todays fuel prices.

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#33899 - 04/22/11 06:53 PM Re: How much does your C172 cost you per hour? [Re: kaustin]
Cotsboe Offline
Club Sponsor
Pilot in Command

Registered: 03/31/10
Posts: 280
Loc: Amherst NH
depends on how much you fly and spread the fixed costs of course, mine costs 78.00 per hr. if I fly 15hrs./mo.
_________________________
Pvt,ASEL,HP,A&P,IA
N105LH 172K


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#33967 - 04/23/11 11:45 AM Re: How much does your C172 cost you per hour? [Re: Cotsboe]
Jim Williams Offline
Second in Command

Registered: 05/06/10
Posts: 158
Loc: Utah, USA
Beeza - What is the total cost to hang your C-172 in the air for an hour (fuel, annual, maintenance, hangar rent, engine amortization, insurance, parking, landing fees, trust management, BFR, medical, etc.) - i.e. - total aircraft cost divided by total number of flying hours - and what you can ask your passangers to pay, are two different things. I suggest that you look at FAR Part 61.113. (2. You may equally share the operating expenses of a flight with passengers, provided the expenses involve only fuel, oil, airport expenditures, or airplane rental fees.) In other words, PPL can ask passangers to share the cost of only the expendables things for a flight. i.e. - With gas prices at $5.00/gal and a fuel burn of 10 gal/hr, I ask $25/hr for one passenger. Or, $12.50 per passenger if I carry three. ($50/4 = $12.50)

I usually ask for money if the passengers request the flight, such as deer hunters looking for game. However, since fuel is only a small part of the overall cost of flying, most of the time I don't mention cost to my passengers. However, if they offer to pay for the meal, I will gladly accept. - Jim

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#34001 - 04/23/11 03:49 PM Re: How much does your C172 cost you per hour? [Re: Jim Williams]
kaustin Offline
Safety Pilot

Registered: 03/24/11
Posts: 34
Loc: Tupelo, MS
You guys are far more knowledgable than I am on this matter. I have been studying a lot lately and I remember reading something that I cannot put my hands on right now. It was something about not using passengers "split" payment to build time. Sorry so vague but I have read a lot of stuff.

It was basically saying that you could not charge passengers anything if you were going because they asked you to take them. You had to be planning on taking the trip whether they went or not. Again, sorry I can't put my finger on it right now. But that was how I understood it.

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#34083 - 04/24/11 11:47 AM Re: How much does your C172 cost you per hour? [Re: kaustin]
EdW Offline
Club Sponsor
Gold Pilot

Registered: 11/21/10
Posts: 1412
Loc: Just east of Graceland
Originally Posted By: kaustin
You guys are far more knowledgable than I am on this matter. I have been studying a lot lately and I remember reading something that I cannot put my hands on right now. It was something about not using passengers "split" payment to build time. Sorry so vague but I have read a lot of stuff.

It was basically saying that you could not charge passengers anything if you were going because they asked you to take them. You had to be planning on taking the trip whether they went or not. Again, sorry I can't put my finger on it right now. But that was how I understood it.
I've read the same thing, and can't remember where. There are exceptions to this, though. I'll look it up. One exception is using personal aircraft for Civil Air Patrol SAR you can be reimbursed for fuel/oil.

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#34230 - 04/25/11 06:49 PM Re: How much does your C172 cost you per hour? [Re: EdW]
Showboatsix Online   content
Gold Pilot

Registered: 12/04/10
Posts: 1243
Loc: KUAO, Aurora, Oregon
Divide this by the number of hours you fly a year...... the best answer is "I DON'T WANT TO KNOW!!!"

A quote I posted a while back!



There is only one reason to own an airplane, "I want one, I happen to be able to afford one, so therefor I have one", other than those reasons don't try to justify it as "I am saving money over renting", the costs of ownership can not be factored into the reason for having one, if that were true, my costs would be this.....

1. Hangar payment, $19,200.00 year
2. Hangar insurance, $700.00 year
3. Condo payment (Hangar Association) $1200.00 year
4. Airport access fee, $192.00 year
5. Airplane Insurance, $ 1200.00 year
6. Annual $1500.00 - 3000.00 year
7. Reserves, $30.00 per hour x 100 hrs a year $3000.00
8. Fuel 100 hrs x 8 gals hr x $5.35 $4280.00
9. Special assessment for taxi way repaving (Condo fees one time)$2500.00
10. Special assessment for easement land to access runway, one time (Condo fees one time) $1200.00

Total cost this year to own: $35,472.00

RENTING:
Positives:
Renting may be easier on the pocket book than owning.
Negatives: Only can get an airplane when one is available, and then maybe only for an hour or two.

OWNING:
Positives:
Can go when I want, come back when I want.
Negatives:
See list above.
Positives: Who cares about the list, See quote above:

"I want one, I happen to be able to afford one, so therefor I have one", other than those reasons don't try to justify it as "I am saving money over renting by owning",

PS: I for got to add State and local taxes to all of that!....... DAMN!
PPS: Do hamburgers still only cost $100.00?
_________________________

Note: "Speed and 172 are not used in the same sentence!"


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#34231 - 04/25/11 07:05 PM Re: How much does your C172 cost you per hour? [Re: Showboatsix]
Hawker172E Offline
Pilot in Command

Registered: 02/24/11
Posts: 488
Loc: NE PA
I'm with you showboat. I'd rather just deal with the expense and not break it down. But if I did, I would have figure out some sort of an hourly credit for: FUN!

But I have to ask, $19,200 a year for a hangar? Do you have a hangar house or something?
_________________________
Hawker


Flying an airplane with only a single propeller to keep you in the air. Can you imagine that? ~ Captain Picard

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#34232 - 04/25/11 07:13 PM Re: How much does your C172 cost you per hour? [Re: Hawker172E]
Showboatsix Online   content
Gold Pilot

Registered: 12/04/10
Posts: 1243
Loc: KUAO, Aurora, Oregon
Originally Posted By: Hawker172E
I'm with you showboat. I'd rather just deal with the expense and not break it down. But if I did, I would have figure out some sort of an hourly credit for: FUN!

But I have to ask, $19,200 a year for a hangar? Do you have a hangar house or something?



We are buying our own. Had it built a few years back. I did all the art work.

_________________________

Note: "Speed and 172 are not used in the same sentence!"


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#34235 - 04/25/11 07:21 PM Re: How much does your C172 cost you per hour? [Re: Showboatsix]
Hawker172E Offline
Pilot in Command

Registered: 02/24/11
Posts: 488
Loc: NE PA
Very - very nice!!!!

Hmmm. I see a tricycle gear in that pic but a tail-dragger with the same paint scheme in your avatar(?) What else you got?? smile
_________________________
Hawker


Flying an airplane with only a single propeller to keep you in the air. Can you imagine that? ~ Captain Picard

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#34240 - 04/25/11 07:55 PM Re: How much does your C172 cost you per hour? [Re: Hawker172E]
Showboatsix Online   content
Gold Pilot

Registered: 12/04/10
Posts: 1243
Loc: KUAO, Aurora, Oregon








And last but not least.............NO GOPHERS IN MY LAWNS!



Edited by Showboatsix (04/25/11 07:57 PM)
_________________________

Note: "Speed and 172 are not used in the same sentence!"


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#34242 - 04/25/11 08:01 PM Re: How much does your C172 cost you per hour? [Re: Showboatsix]
Hawker172E Offline
Pilot in Command

Registered: 02/24/11
Posts: 488
Loc: NE PA
Can I come over and play? smile
_________________________
Hawker


Flying an airplane with only a single propeller to keep you in the air. Can you imagine that? ~ Captain Picard

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#34245 - 04/25/11 08:14 PM Re: How much does your C172 cost you per hour? [Re: Hawker172E]
Showboatsix Online   content
Gold Pilot

Registered: 12/04/10
Posts: 1243
Loc: KUAO, Aurora, Oregon
AUGUST 20TH Annual End of Summer Hangar Party
About 12:00 to 5:00 if you are in town come on by.

Hangar #26



Edited by Showboatsix (04/25/11 08:23 PM)
_________________________

Note: "Speed and 172 are not used in the same sentence!"


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