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Ownership
Ok Mooney, I am seeking the goods on ownership. I am seeking a fast x/c airplane. But I live in a large city meaning some of the fixed costs are ridiculous. So far it seems a Mooney 20J/201/231 will cost $15-25K per year.
Annual- $3K
Hangar- $6K
Insurance- $2.5K
Plus operating, mtc reserve, engine reserve $30-40 combined) fuel $60-70 per hour. So 100 hours =$10K plus around $10K fixed above. None of this inlcudes acquisition cost of the plane.
Can Mooney's be covered and tied down with minimal impact or is hangar mandatory? Are these numbers reasonable. What has been your experience? Others?
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