Owning an Airplane
I’m trying to find some resources on things to think, worry, know about when it comes to owning an airplane.
Specifically I want to calculate the total cost of ownership when it comes to having an airplane. I know you’d have to factor in insurance, fuel, oil, and hangar space. However, are there formulas or other tricks to think about when calculating these items?
What about other user fees? NavCanada charges, do you pay sales tax on the private sale of an aircraft? How does one “test drive” a potential sale? Do you need to get checked out in a particular aircraft if you have no previous experience with that type?
Are there things to watch out for when it comes to multi-engine aircrafts that you don’t have to worry about with single engines?
These are just some of the questions floating around my brain lately. Any resources or tips would be helpful.