How Much Does A Cessna 172 Cost?

How long does it take to get your private pilot’s license?

Forty hours is the very minimum required, and while some students complete their certificate in 40 or slightly more than 40 hours, the average time to complete a private pilot certificate is closer to 60 hours of flight time..

What is the cheapest private jet?

Cirrus Vision JetThe cheapest private jet on the market is the small but mighty Cirrus Vision Jet at $1.96 million. The Vision Jet is the world’s first single-engine private jet, powered by a Williams International FJ33-5A turbofan engine that produces 1,800lbs of thrust.

What credit score do I need to buy an airplane?

At a minimum, you’ll need a 15-20% down payment, plus 18 months of payments in liquid assets and a credit score of no less than 700 to be considered.

How much does it cost to buy a Cessna 172?

Cessna Skyhawk operating costs are typically broken down by hour and include, fuel, insurance, tie-down or hangar storage fees, regular maintenance inspections, and landing fees. Typical Cessna 172 Operating costs average between $100-$200 per hour depending on a wide range of variables.

Can you make money owning a plane?

But it’s a low-income figure for the average successful small business. A typical aviation business can easily earn over $150,000 every year; and many of the top aviation businesses earn well over $5,000,000 a year.

How far can a Cessna 172 fly on a full tank?

800 milesThe 747 has a range of more than 6,000 miles, and a top speed of around 600mph, while the Cessna 172 will fly for 800 miles on a full tank (about the distance from London to Venice), travelling at a stately maximum velocity of 150mph. Your average supercar would easily outpace it.

How do I buy my first airplane?

10 tips for first-time buyersConsider why you want to own an airplane. … Look in your logbook and see what kind of flying you do or plan to do. … Start simple. … Set a budget for what you can afford each month and stick to it.Add 25 percent to that budget for unexpected maintenance costs.More items…•

What is the easiest plane to fly?

The 3 Easiest Planes to Learn to FlyThe Cessna 172. The Cessna 172 didn’t become the top-selling airplane of all time for out of the blue. … The Piper PA-28. The Piper was built to compete with the Cessna 170. … The Diamond DA40. The Diamond DA40 is a newer plane. … Ready to Learn to Fly?

Is owning a plane worth it?

It really depends on what kind of flying you like to do and how much you want to fly, plus how much enjoyment you’ll get out of “pride of ownership.” If you like to go on long trips or want/need a plane that’s not something you can rent (like a twin, experimental, etc.) then yes, owning is worth it.

What is the best small plane to own?

Not to worry—we’ve put together a list of seven of the best single-engine planes on the market:Diamond DA40 NG. … Beechcraft G36 Bonanza. … Cessna 172. … Mooney M20 Acclaim Ultra. … Pilatus PC-12 NG. … Piper M350. … Cirrus SR22T.

How far can a small plane fly?

These are aircraft that might typically fly 200-400 miles at a time (320-645km). But the shortest stretch of water you cross on an Atlantic crossing is 700 miles. Because most small light aircraft are unpressurised, it’s not advisable to fly above 10,000ft.

Should I buy a plane or rent?

According to the 100 Hours Rule, it makes the most sense to buy your own plane when you’re consistently flying 100 hours a year. It’s at this point that renting stops being cost-effective and you actually start to lose money. … There may be years you fly more. There may be years you fly less.

What is the cheapest plane to buy?

The Most Affordable Single-Engine Planes – Our Top 9 PicksLess than $20k. Cessna 150. Ercoupe. Luscombe Silvaire.Lower $20,000s. Aeronca Champ. Beechcraft Skipper.Upper $20,000s. Cessna 172. Stinson 108.$40,000+ Pre-201 Mooney M20.Conclusion.

How much does it cost to buy a small plane?

Single-Engine Planes: These planes, which hold two or more people and are more economical to operate and maintain than multi-engine planes, typically cost between $15,000 and $100,000. Multi-engine Planes: If you consider a plane like this, it will cost you between $75,000 and $300,000.

Why is a Cessna 172 so expensive?

The rising price of airplanes has far outstripped inflationary increases. A new Cessna 172 Skyhawk cost about $15,000 in 1972. … Aircraft manufacturers frequently cite the cost and complexity of certification as a reason for high retail costs and the reason that we don’t see much innovation in certified aircraft.