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Aircraft Ownership vs Rental: is it worth BUYING A PLANE? - YouTube
Channel: Fly With Bruno
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six months ago
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i took a big leap in my pilot's life i
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bought a plane
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now like everybody who buys their first
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plane i had this question lurking in my
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mind
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will it be worth it
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well six months later i finally have the
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answer
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and two big reasons for what that answer
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is
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spoiler alert it's a big yes
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[Music]
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yes it was definitely worth to get my
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own plane
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and the first reason is i saved and will
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continue to save
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a lot of money my aviation life
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started by renting planes and here in
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new york
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the average hourly cost is about 160
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dollars
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that goes on top of the renter's
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insurance that you have to pay yearly
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i used to fly at least four hours per
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weekend
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or two times per week so in the course
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of a year
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i was spending a lot of money
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[Music]
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over the last six months i kept track of
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all the costs involved in operating and
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maintaining my plane
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so i could get what the current hourly
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cost was
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and surprise it's now down to 45
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dollars an hour
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now how did i get to this number first i
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take the cost of my annual
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and my insurance and divide them by 12
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so i can get the monthly figure
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then i add the cost of my tie down and
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variable monthly costs such as fuel
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oil and landing fees after adding it all
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up
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i divided by the amount of hours that i
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flew that same month
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and boom i get my hourly cost
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for the past six months it's been
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consistently at around
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45 dollars an hour that's four times
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less what i used to pay for renting
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not to mention that i no longer worry
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about schedules
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higher rates on weekends or limitations
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on long rentals
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[Music]
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now obviously the cost of the plane
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itself
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or the avionics upgrade that it recently
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went through
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are not a part of this equation because
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to me they are not costs
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they were investments in both me and my
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safety
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those were one-time costs there are now
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in the past
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and my math considers the costs that are
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now ahead of me
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what's also not included in this math
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are potential maintenance issues or
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things that i have to fix
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that may come up along the way when it
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comes to airplanes
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things are expensive but if you think
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about the difference between 160 and 45
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i'm pretty sure that even if i have to
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pay extra to fix something
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replace something or even invest a
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little bit more on the plane
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i'll still be very low in that range
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[Music]
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now here's another reason why buying a
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plane was well worth for me
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it's making me a better pilot when it
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comes to mechanics
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or understanding the inner workings of a
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plane most pilots learn
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or memorize things for the sake of
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passing a written test
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or a check right oral exam over the past
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six months
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i lost count of how many hours i spent
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hearing the hangar talking to the amp
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mechanics avionics experts and absorbing
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every bit of knowledge that i could
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about the plane how things work
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how to fix them when they break and so
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on
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during the avionics upgrade process i
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was here almost
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every weekend watching the guys do their
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work disassemble the panel
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replace all the wiring install the new
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systems
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learn how they work and what could i do
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in case that they
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[Music]
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failed
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going through maintenance issues also
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teaches you a lot
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during the afr certification process
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they found a leak
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in my python static system we took the
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entire
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interior of the plane apart and i
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learned what a pythostatic line is
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why it had failed where the leak was
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and helped decide what would be the best
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course of action to take
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in order to fix the problem that was a
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big lesson for me
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then recently on a very cold winter day
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i turned my master on but didn't get any
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power
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i thought my battery was dead turns out
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that when
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analyzing it with the mechanic i learned
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that the battery was just fine and the
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problem
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was a solenoid that was loose all it
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took was a wrench
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to tighten the screws and bank
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i got power again and i still went
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flying that day
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these are important lessons that you
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learn when you live through these things
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and potentially lessons that i would use
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whenever i get stuck
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somewhere with a similar problem so
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instead of paying for a last-minute
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hotel room
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and waiting for the mechanic the next
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day i can perhaps try to fix it myself
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now when i get to the airport instead of
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rushing to take off so i can make the
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most of that two or four hour block on
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the schedule
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i take my time doing a good pre-flight
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making sure that
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everything is where it's supposed to be
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and most importantly
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making sure the plane is in the exact
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same way i left it
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when i last flew it
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when i finished my instrument raiding
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last may i decided i was committed to
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aviation for life
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and buying a plane was the best decision
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that i've made
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ever since only 84 uniform has taught me
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lessons on a daily basis
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and i feel like i've never learned so
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much in aviation
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as i'm doing now
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and now for the sake of passing my next
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check right
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but for the sake of getting better at
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the thing that i love the most
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i really hope this video was able to
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give you a little bit more insight on
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aircraft ownership and that it helps you
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make a better informed decision if
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you're thinking about buying and play
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thank you all for subscribing to this
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channel and for following my instagram
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page
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and i can't wait to share my next flying
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adventures with you all
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until then you know the drill blue skies
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tailwinds
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and i'll see you in the next one bye
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[Music]
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you
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