----[Please read http://ercoupers.com/disclaimer.htm before following any advice in this forum.]----
JD, if the plane is mechanically sound then you are correct, this is one heck of a deal. What happens if the annual is more than $2000 ? I am in the middle of an annual on a Coupe I just bought and so far I am out $8000, not counting labor, and this is with no cylinder work. Compliance with the service memorandums and AD's is very important, I hope you don't end up in the same mess I am in. I bought a plane I thought I could afford to fly and now I can't because it is still not airworthy, be careful... -----Original Message----- From: JD [mailto:[EMAIL PROTECTED] Sent: Monday, July 08, 2002 4:04 PM To: 'Percy Wood'; [email protected] Subject: RE: [COUPERS-FLYIN] How to lease a Coupe ----[Please read http://ercoupers.com/disclaimer.htm before following any advice in this forum.]---- Here's the sweet thing, I think, about the whole deal. Whatever I spend to get the plane annulled is deducted from the cost of the lease. Right now the plane needs to be annulled, hasn't been in 3 years, and the brakes need to be replace, with Cleveland's, and it needs a new battery. If I can get all of that done for $2000 then the only other cost I have is for fuel and oil. I get to fly it as much as I want wherever I want. Then If the owner decides to sell, at some point, the price will be negotiated minus the expenses for annuals and so forth. -----Original Message----- From: Percy Wood [mailto:[EMAIL PROTECTED] Sent: Monday, July 08, 2002 7:09 PM To: JD; [email protected] Subject: Re: [COUPERS-FLYIN] How to lease a Coupe At 04:54 PM 7/8/02 -0500, JD wrote: I have been given an offer to lease a coupe for an extended period of time. The problem I have is; I don't know what a reasonable, annual, rate is. Can anyone make some suggestions on this. Yow, J.D. Really a lot of varience on yearly costs. My annuals have run from $250 to right around $2K. What do you have to fix while you're leasing it? Aircraft costs come in two flavors: Fixed and Variable. The Variable ones go with operation = so much an hour for gas, etc. Fixed costs are the real killer because they go on whether the plane flys or not. My brother and I leased back a Cessna 150, so I am familiar with all the above. Presuming the lease would cover only the fixed costs; you buy gas and oil, you'd have to look at the following: Tiedowns/storage Insurance Annual inspection Maintenance I'd say if you could get it leased for less than a thousand dollars a year to take it. The big problem with estimates is the wide range in costs. Low maintenance years with a lot of flying results in rediculously low costs = $20 per hour. Fly only one hour and it has to carry the whole load. Combine that with a big repair bill and that becomes a Very Expensive Hour! Thanks Hopefully flying 2125H soon! Percy in Portland Currently flying 2129H! =================================================================TO UNSUBSCRIBE go to: http://ercoupers.com/lists.htm ====================== TO UNSUBSCRIBE go to: http://ercoupers.com/lists.htm
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