More comparable to the two seat Long-EZ, the four seat RV's compare closer to the Cozy. Much easier to repair than a composite canard, too - so cheaper on insurance.
Very thorough explanation of airplane ownership. Your messaging on engine value vs TBO I think left the impression that engines at TBO need to be overhauled. An aircraft engine does not necessarily need to be overhauled at TBO. So just because an engine is 200 hours short of “TBO” does not necessarily mean that you can’t fly it significantly beyond 200 hours and enjoy the value of those “extra” hours. A common misconception I run across is that an engine must be overhauled at TBO, which is not at all true for any aircraft not being flown commercially. I wish more pilots understood this. Of course, this very much depends on the measurable actual condition of the engine, how well the engine has been treated, maintained, and documented. Nevertheless, a new aircraft owner can still enjoy significant value and economy from a near TBO engine.
I think I mentioned that actually, I said something along the lines that once it reaches TBO you can start having to think about overhauls - it's not a set number, and actually, with the way a lot of planes sit these days, I suspect many aren't even making it to TBO before their compression goes and they need at least a top overhaul.
I wonder if there’s some difference for what you want out of ownership and also how much more often you CAN actually fly with your own airplane. My goal when I earned my PPL was to fly a minimum of twice a month, but what I’ve quickly found is that I manage more like once a month at best because if weather or maintenance cancels my scheduled rental I have to book another week out. Both airports I rent from are 45 minutes away so flying has to be a planned day, not an impulse. Sometimes I get lucky and can get a plane on short notice on a nice day where I actually have time, but overall I’m not flying nearly as much as I want. I have no interest in super capable cross country machines, I fly for the sheer feel and love of it, so I’m seriously considering getting an old taildragger for under 30k. I could base that at the field 5 minutes from my house and with that kind of access I would probably fly multiple times a week because I could just hop in the plane and hit the circuit (mastering a tailwheel seems to be a lifelong pursuit) or fly down the beach. I could go up on work days to de-stress. That’s the dream for me. I think it should be possible to keep annual costs to own and fly a plane like that under 10k a year.
Very well thought out explanation regarding cost vs hours/yr flown, and even that insurance thing. I've been contemplating the idea of purchasing my own, but for the limited VFR opportunities we have here in NE Ohio, and that I would likely NOT be taking long trips, renting seems to be my best option for the flying I would likely be doing - just getting up to 3-4-thousand feet every so often for sightseeing, $150 hamburger flights, or otherwise mindlessly boring holes in the sky.
I agree, for that type of flying, renting would definitely make more financial sense. Of course, you could go get your IFR ticket and fly some long-distance cross-country trips, which makes it a very different prospect!
@@CanardBoulevard My friend and instructor, who IS a CFII would agree, but unless you graduate from 100kt 'bug-smashers', longer flights are, well, l-o-n-g. He did fly a Warrior from KLPR to Sun-n-Fun with another student last year. 1100 miles, and one fuel stop makes for a long day! At 175kts and nonstop, that is a whole different story.
Just sold my experimental Hiperbipe and stepped up to a Baron 55. After owning lots of airplanes, the freedom an experimental is something to consider. I basically sold a new experimental aircraft with 200hrs on it for the same price it’s going to cost to overhaul one of my Baron engines and a prop. Makes me a little sad.
I just got a quote for insurance. Im a student buying a 1958 ces175 $100,000 hull value and standard liability. On record I have only 1 hour. My quote came in at $2500. Now it stated that I must be under the supervision of an instructor at all times. Which includes any solo time. I thought was a mistake. I was expecting a lot higher. My broker chucked and assured me that is the cost. Which isn’t bad considering. We’ll see what happens next year once I have my private what the change will be.
Particularly when you consider the speed you're getting for that fuel burn. I love that the G3X shows a calculated "MPG" on it, and that it regularly exceeds what I would get in my car. :)
In Barbados the most I've paid for hull and liability US$13,500 a couple of years ago. My plane can get no quotes to insure, not hull and not liability; plane has been on the ground on Guadeloupe for more than two years - the type of exotic airplane, yes, a fire breathing PA28!
I actually had thought about including that in this video...except I know absolutely nothing about it, so I figured I would leave it for someone else to do better than I could.
Still tracking here Scott. It is summer here in "The Other Down-Under" here in the Americas. So far south it is like being North again. So, busy busy busy. You are up 1500 actual subscribers in the last what? 8 months. 10 to 1 with regular viewers who don´t subscribe. So, Nice work. I still say a PA-46 is your next ride... You strike me a piston P-46 guy... IDK, You just do. I still think you should be doing a trip to CFB Trenton to revisit how ELTs work from the catch end. And you should interface with Public Affairs in Toronto to set that up. And, then get that machine of yours into a wind tunnel. You know what I think. Burble. I think you detected it. I think a cowling mod will remove it. I hope you aren't avoiding Trenton because you think you MIGHT have a fleet wide correctable burble issue, that can be fixed. That would widen safety margins. That would be group think in the wrong direction. I think you had another issue, but you would not have detected the burble without that issue in place. The design is sound. There is only one way to find out. And, finding out on someone else's dime is a good way to do it. They will get value also... As will the Canard Community.
That was a ton of work that ran into this year, but all of the parts that I purchased to do that were purchased last year - so I didn't count that as part of 2024. I did a few things on the plane to fix things this year that I didn't include, because to me - my labor is free. :) If it was a certified airplane, I would have had to add a few thousand dollars to my total to pay an A&P to do what I did this year.
That was last year, she insisted I redo the heating system because she was freezing! The last time we were up, I heard "I'm dying of heat, can you turn it down?" :)
As a non-pilot type this makes sense to me & it almost sounds as if our "Aviation System" is limiting it's own growth in numbers of pilots and in equipment upgrading as well? The term I'd use is ; " bass ackwards " but I'm uneducated & on the outside trying to LQQK In ? I appreciate the way you explain things & I've told you before that you'd be a good University Teacher but I digress! I love these Canard Winged Aircraft - not just the looks but how they keep you from stalling. They are "fast" & you land going very fast which explained why you might burn up brakes on these models but I love the plane. I'm older so IDKnow that I'll be chasing a license but thank you for explaining this as if I were a child = I am when it comes to this. peace & merry holidays
Scott, you mentioned the name, "Falcon" as an insurer of canard aircraft. Is this the same Falcon that the canard Pt 103 aircraft is named after? I had asked you about Falcon which I think might be a Canadian company making this aircraft but the one I mentioned to you doesn't require a license to fly = Could they be the same Company? I gotta take a look.
Even if you don't think you could chase a license today, doesn't mean you couldn't head out to the airport and go up with an instructor to go blast around for a bit!
I think just deleted my own comment…. Let me know the next time you’re in Lakeland and you can fly the Searey. It lives at KVDF in Tampa. It’ll be at Sun N Fun
@@CanardBoulevard Scott, you left the impression that an owner of a certified aircraft can't do any work on their plane. As you do know there are many things you can do, service spark plugs, tires and tubes, wheel bearings, oil and filter changes, light blubs, certain hoses and many other items
Hi Antonio! I wasn't saying it wasn't airworthy at all - just that it has some corrosion as a result of being outside, unfortunately. I usually check on your plane every time I'm at the airport to make sure things are OK with it.
@CanardBoulevard Everything you said is being addressed and remedied. My goal is to fly the lower 48 states, no matter how long it takes. In the fall of 2026, it will have a new paint job and interior.
@antoniobranch that's amazing! What an incredible plan...I would absolutely love to do this. Might be a few years away for me, but it sounds like a great trip.
RV6A owner here. $60k plane insurance $1300 annually and it gets 4.5-5.5 GPH and TAS of 170-180. I love it
More comparable to the two seat Long-EZ, the four seat RV's compare closer to the Cozy. Much easier to repair than a composite canard, too - so cheaper on insurance.
Is it justifiable? No. Is it worth it ? Absolutely
Scott, The Best explanation of airplane ownership and related expenses ever. Scott, wishing you and family a Blessed Christmas and Wonderful New Year.
Thanks, same to you and yours!
I must agree.
Very thorough explanation of airplane ownership. Your messaging on engine value vs TBO I think left the impression that engines at TBO need to be overhauled. An aircraft engine does not necessarily need to be overhauled at TBO. So just because an engine is 200 hours short of “TBO” does not necessarily mean that you can’t fly it significantly beyond 200 hours and enjoy the value of those “extra” hours. A common misconception I run across is that an engine must be overhauled at TBO, which is not at all true for any aircraft not being flown commercially. I wish more pilots understood this. Of course, this very much depends on the measurable actual condition of the engine, how well the engine has been treated, maintained, and documented. Nevertheless, a new aircraft owner can still enjoy significant value and economy from a near TBO engine.
I think I mentioned that actually, I said something along the lines that once it reaches TBO you can start having to think about overhauls - it's not a set number, and actually, with the way a lot of planes sit these days, I suspect many aren't even making it to TBO before their compression goes and they need at least a top overhaul.
I wonder if there’s some difference for what you want out of ownership and also how much more often you CAN actually fly with your own airplane. My goal when I earned my PPL was to fly a minimum of twice a month, but what I’ve quickly found is that I manage more like once a month at best because if weather or maintenance cancels my scheduled rental I have to book another week out. Both airports I rent from are 45 minutes away so flying has to be a planned day, not an impulse. Sometimes I get lucky and can get a plane on short notice on a nice day where I actually have time, but overall I’m not flying nearly as much as I want. I have no interest in super capable cross country machines, I fly for the sheer feel and love of it, so I’m seriously considering getting an old taildragger for under 30k. I could base that at the field 5 minutes from my house and with that kind of access I would probably fly multiple times a week because I could just hop in the plane and hit the circuit (mastering a tailwheel seems to be a lifelong pursuit) or fly down the beach. I could go up on work days to de-stress. That’s the dream for me. I think it should be possible to keep annual costs to own and fly a plane like that under 10k a year.
Very well thought out explanation regarding cost vs hours/yr flown, and even that insurance thing. I've been contemplating the idea of purchasing my own, but for the limited VFR opportunities we have here in NE Ohio, and that I would likely NOT be taking long trips, renting seems to be my best option for the flying I would likely be doing - just getting up to 3-4-thousand feet every so often for sightseeing, $150 hamburger flights, or otherwise mindlessly boring holes in the sky.
I agree, for that type of flying, renting would definitely make more financial sense. Of course, you could go get your IFR ticket and fly some long-distance cross-country trips, which makes it a very different prospect!
@@CanardBoulevard My friend and instructor, who IS a CFII would agree, but unless you graduate from 100kt 'bug-smashers', longer flights are, well, l-o-n-g. He did fly a Warrior from KLPR to Sun-n-Fun with another student last year. 1100 miles, and one fuel stop makes for a long day! At 175kts and nonstop, that is a whole different story.
Thanks Scott for telling the truth.
Scott, Thanks for the excellent videos. I enjoy the information and experiences you share. Mike in Michigan
Just sold my experimental Hiperbipe and stepped up to a Baron 55. After owning lots of airplanes, the freedom an experimental is something to consider. I basically sold a new experimental aircraft with 200hrs on it for the same price it’s going to cost to overhaul one of my Baron engines and a prop. Makes me a little sad.
I just got a quote for insurance.
Im a student buying a 1958 ces175
$100,000 hull value and standard liability. On record I have only 1 hour. My quote came in at $2500. Now it stated that I must be under the supervision of an instructor at all times. Which includes any solo time. I thought was a mistake. I was expecting a lot higher. My broker chucked and assured me that is the cost. Which isn’t bad considering. We’ll see what happens next year once I have my private what the change will be.
The Cozy's fuel burn is a huge advantage compared to other four place aircraft's operating costs.
Particularly when you consider the speed you're getting for that fuel burn. I love that the G3X shows a calculated "MPG" on it, and that it regularly exceeds what I would get in my car. :)
In Barbados the most I've paid for hull and liability US$13,500 a couple of years ago. My plane can get no quotes to insure, not hull and not liability; plane has been on the ground on Guadeloupe for more than two years - the type of exotic airplane, yes, a fire breathing PA28!
Wow. I know I think we've got it bad for aviation costs sometimes here in the US, but then I hear from people in other countries.
Thanks for all you great videos!
Any chance you'd cover your thoughts on fractional ownership? Might make a good video...
All the best,
M-
I actually had thought about including that in this video...except I know absolutely nothing about it, so I figured I would leave it for someone else to do better than I could.
Still tracking here Scott. It is summer here in "The Other Down-Under" here in the Americas. So far south it is like being North again. So, busy busy busy. You are up 1500 actual subscribers in the last what? 8 months. 10 to 1 with regular viewers who don´t subscribe. So, Nice work. I still say a PA-46 is your next ride... You strike me a piston P-46 guy... IDK, You just do. I still think you should be doing a trip to CFB Trenton to revisit how ELTs work from the catch end. And you should interface with Public Affairs in Toronto to set that up. And, then get that machine of yours into a wind tunnel. You know what I think. Burble. I think you detected it. I think a cowling mod will remove it. I hope you aren't avoiding Trenton because you think you MIGHT have a fleet wide correctable burble issue, that can be fixed. That would widen safety margins. That would be group think in the wrong direction. I think you had another issue, but you would not have detected the burble without that issue in place. The design is sound. There is only one way to find out. And, finding out on someone else's dime is a good way to do it. They will get value also... As will the Canard Community.
Global - will cover the COZY MKIV hull value at a fair cost.
-- Great video! 😊👍🛩️
Great info ! Thanks Rick 4g4
What about all the work you did on front landing gear
That was a ton of work that ran into this year, but all of the parts that I purchased to do that were purchased last year - so I didn't count that as part of 2024. I did a few things on the plane to fix things this year that I didn't include, because to me - my labor is free. :) If it was a certified airplane, I would have had to add a few thousand dollars to my total to pay an A&P to do what I did this year.
I didn't see a category for wife required upgrades? :-)
That was last year, she insisted I redo the heating system because she was freezing! The last time we were up, I heard "I'm dying of heat, can you turn it down?" :)
As a non-pilot type this makes sense to me & it almost sounds as if our "Aviation System" is limiting it's own growth in numbers
of pilots and in equipment upgrading as well? The term I'd use is ; " bass ackwards " but I'm uneducated & on the outside trying
to LQQK In ? I appreciate the way you explain things & I've told you before that you'd be a good University Teacher but I digress!
I love these Canard Winged Aircraft - not just the looks but how they keep you from stalling. They are "fast" & you land going
very fast which explained why you might burn up brakes on these models but I love the plane. I'm older so IDKnow that I'll be
chasing a license but thank you for explaining this as if I were a child = I am when it comes to this. peace & merry holidays
Scott, you mentioned the name, "Falcon" as an insurer of canard aircraft. Is this the same Falcon that the canard Pt 103
aircraft is named after? I had asked you about Falcon which I think might be a Canadian company making this aircraft
but the one I mentioned to you doesn't require a license to fly = Could they be the same Company? I gotta take a look.
No, I was referring to Falcon Insurance Group, completely separate to any aircraft manufacturer.
Even if you don't think you could chase a license today, doesn't mean you couldn't head out to the airport and go up with an instructor to go blast around for a bit!
@@CanardBoulevard I gottcha & thanks again for everything.
Yes, you are absolutely correct & if I know myself... Umm, I'd become addicted to doing it. I'll blame you later so
thanks for all the help. peace
I think just deleted my own comment…. Let me know the next time you’re in Lakeland and you can fly the Searey. It lives at KVDF in Tampa. It’ll be at Sun N Fun
I actually fly into Lakeland to visit family! I'll likely be down that way in the spring, I'll definitely take you up on that!
@@CanardBoulevard Scott, you left the impression that an owner of a certified aircraft can't do any work on their plane. As you do know there are many things you can do, service spark plugs, tires and tubes, wheel bearings, oil and filter changes, light blubs, certain hoses and many other items
I own that Comanche. It’s 100% airworthy. Don’t judge a book by its cover.
Hi Antonio! I wasn't saying it wasn't airworthy at all - just that it has some corrosion as a result of being outside, unfortunately. I usually check on your plane every time I'm at the airport to make sure things are OK with it.
@CanardBoulevard Everything you said is being addressed and remedied. My goal is to fly the lower 48 states, no matter how long it takes. In the fall of 2026, it will have a new paint job and interior.
@antoniobranch that's amazing! What an incredible plan...I would absolutely love to do this. Might be a few years away for me, but it sounds like a great trip.