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(Aviation Web)   Today in micro violin news, pandemic jet buyers are suffering a lot of buyer's remorse   (avweb.com) divider line
    More: Interesting  
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854 clicks; posted to Business » on 01 Mar 2021 at 1:35 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-03-01 1:30:09 PM  
There are some really cool warbirds out there I could actually afford to buy. But operate? LOL.
 
2021-03-01 1:52:00 PM  
I remember the time when Michael "Worf" Dorn bought an F-104 Starfighter from a museum in Holland with the intent of refurbishing it to flightworthiness as his own personal jet. Problem tho is that the F-104 was a "flying coffin" to even the most skilled ASAF professional pilots, and the plane itself was a dud with far too much structural fatigue to ever fly again. He ended up unloading it to an air museum in Palm Springs.
 
2021-03-01 1:56:27 PM  
Protip: planes are expensive.  Jet planes absurdly so.  As in, if you even need to think about asking you can't afford it.  It's not like an expensive car where you can buy it, stick it in a nice garage and drive it around every now and then- inspections alone will kill you.  People are stunned when they hear what maintenance costs are for something like a Bugatti ($20k oil change?) but ask what routine maintenance is on a turbofan.

For yucks I just looked up a Gulfstream IV. (Older nice jet)  You can buy one for $2M.  Running costs for a single year are higher than that if you fly more than 8 hours/week.
 
2021-03-01 2:04:12 PM  
The used market for RVs and boats is going to be swamped.

There are many reasons why those things have always been more of a niche market and people are going to find them all out.
 
2021-03-01 2:16:41 PM  
rich people problems -
 
2021-03-01 2:33:11 PM  

edmo: There are some really cool warbirds out there I could actually afford to buy. But operate? LOL.


There are some relatively inexpensive ones.

"Relatively" being the operative word.

Like the Aero L-39 Albatros.

https://www.hotcars.com/10-actual-fig​h​ter-jets-you-can-buy-for-less-money-th​an-a-new-ferrari/

Or you could just go the opposite way....

https://airdromeaeroplanes.com/Fokker​D​r-1%7BFullscale%7D.html

https://airdromeaeroplanes.com/sopwit​h​pup.html
 
2021-03-01 2:43:51 PM  
Hahahaha!! Some people just learned what landing fees are!
 
2021-03-01 3:22:54 PM  
Even a 172 costs a few hundred per hour to operate.
 
2021-03-01 3:40:50 PM  

Tr0mBoNe: Even a 172 costs a few hundred per hour to operate.


A few hundred? Wet rental is ~$175/hr in a high cost market.
 
2021-03-01 3:43:32 PM  

Daer21: Tr0mBoNe: Even a 172 costs a few hundred per hour to operate.

A few hundred? Wet rental is ~$175/hr in a high cost market.


Neat for you, it's over $250/h here.
 
2021-03-01 3:47:10 PM  
What's that? People with more money than brains are impulsive and make terrible life choices?? Only got one thing to say to them...
Fark user imageView Full Size
 
2021-03-01 3:56:18 PM  
But how will I be able to fly my friends to the Superbowl like a man now?
 
2021-03-01 4:00:46 PM  

Tr0mBoNe: Daer21: Tr0mBoNe: Even a 172 costs a few hundred per hour to operate.

A few hundred? Wet rental is ~$175/hr in a high cost market.

Neat for you, it's over $250/h here.


That's in Canada pesos?
 
2021-03-01 4:04:16 PM  
Yeah, mine just doesn't get the mileage that I was hoping for.  But I'm extremely satisfied with my hovercraft and my hydrofoil.
 
2021-03-01 4:12:45 PM  
Apparently some jets are just better off shredded. It's amazing what kind of attachments you can buy for your John Deere.
 
2021-03-01 5:36:49 PM  
Example: corporate jet for veterinary practice CEO with 2 locations - bad idea. For all staff, 10 locations in 3 states - might be a real timesaver...
 
2021-03-01 7:49:33 PM  
It's amazing to me that many people who have enough money to buy a jet could actually make it all the way through the process of purchasing a used jet without realizing how expensive they are to operate.

I mean, if the price tag for a used jet doesn't make them even bother to do a little bit of research before letting that kind of money go, then they probably can afford the operating expenses.
 
2021-03-01 9:29:52 PM  

Glockenspiel Hero: Protip: planes are expensive.  Jet planes absurdly so.  As in, if you even need to think about asking you can't afford it.  It's not like an expensive car where you can buy it, stick it in a nice garage and drive it around every now and then- inspections alone will kill you.  People are stunned when they hear what maintenance costs are for something like a Bugatti ($20k oil change?) but ask what routine maintenance is on a turbofan.

For yucks I just looked up a Gulfstream IV. (Older nice jet)  You can buy one for $2M.  Running costs for a single year are higher than that if you fly more than 8 hours/week.


Jets and turboprops are hideously expensive. They are expensive enough that most people who can even consider affording one should be looking at a managed partnership. Piston twins are relatively expensive, two of everything and the extra training for insurance purposes. They're expensive enough that, unless you really need one, you should probably stick to a single engine. Single engine piston planes are moderately expensive. Think owning a car with expensive parts, that can only be serviced by specialty shops. My friend bought a car (a classic GT like "Eleanor", Gone in Sixty Seconds) that many shops wouldn't touch for insurance reasons. He had to take it to a specialty shop, and what he spent on one oil change could've paid for one on my Cherokee 6. Many of his parts were ridiculously expensive, as was the labor, however he didn't have mandatory inspections. So "Eleanor" was almost as expensive to own (and cost far more to buy even though he bought it before the movie came out) than my Cherokee 6.
 
2021-03-02 3:20:16 AM  
From here are some numbers for an older turboprop - Daher TBM-850
(scroll down a bit).

Especially look at the $200000 and $400000 engine overhauls :)

They also have a helpful breakdown of average annual cost ... start saving your pennies. 
Fark user imageView Full Size
 
2021-03-02 3:28:56 AM  

Barfmaker: The used market for RVs and boats is going to be swamped.

There are many reasons why those things have always been more of a niche market and people are going to find them all out.


Used market for boats is always swamped.  The only person who buys a boat new is an idiot

RVs are a bit cyclical, but I don't think that market will return to what it was(which was still elevated) for a long time, at least in the upper middle class segment that isn't buying luxury RVs that cost as much as a house.
 
2021-03-02 12:41:40 PM  

Barfmaker: The used market for RVs and boats is going to be swamped.

There are many reasons why those things have always been more of a niche market and people are going to find them all out.


I want to buy an RV really bad, so I am really looking forward to this crash.  I just hope the crash is this year, and not next year.
 
2021-03-02 4:42:16 PM  

Capt_Clown: What's that? People with more money than brains are impulsive and make terrible life choices??


But enough about the long-term poor.
 
2021-03-02 4:44:58 PM  

groppet: But how will I be able to fly my friends to the Superbowl like a man now?


Everywhere is within walking distance if you have enough time.
 
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