To be honest I'm not sure how you do airplane ownership without crazy deep pockets if you're not going to be pretty dang familiar with the entire mx side of it.
In that case plan on $150/hour (labor) for everything from a nav light to a cylinder replacement with a minimum of 4 hours for the shop to troubleshoot the problem. That’s a budgetary number. The longer you own, the cheaper it gets.As above, I'm not (contrary to popular opinion) an idiot. I understand how engines work, and can field-expediently diagnose and crappily repair them. I just lack the patience and skill to do a proper job. It's something to do with temperament, big 5 personality traits, and all of that rot. Like, I'm fairly confident that confronted with an engine which isn't working the way it should, I can tell you that it seems to have a fuel problem or a spark problem, etc etc. I just cannot be arsed to sit around for 60 hours getting every little thing *just so*. And yeah, I'm pricing in the huge uptick in cost for someone who likes or at least is willing to do that sort of thing, or at least I think I am. Hence the questions.
As above, I'm not (contrary to popular opinion) an idiot. I understand how engines work, and can field-expediently diagnose and crappily repair them. I just lack the patience and skill to do a proper job.
That's only true if you're doing some really mundane things with them. The second you want to land off pavement or go upside down, the doors slam closed.The only reason I do not own an airplane is that they are still so easy to rent. The day that isn't true, I'll be an airplane owner.
The Skybolt is experimental, so that should reduce the cost of ownership pretty significantly. That $2000 alternator Nark has to put on will cost you $40 from ACDelco. It's also the same thing, part numbers and all. Some things, you do have to buy the airplane version of though. Most places have an experimental version that is the same thing without paperwork for 25-50% less. The annual labor might cost less since any A&P can do it. Especially if you know an A&P, do the whole annual yourself(meaning everything is fixed and perfect when you present it) and all they have to do is shine a flashlight on stuff to ensure you did in fact do it all correct.
You'll be able to do 100% of the Mx and change anything you want without blessings from the FFA. Just can't sign the annual unless you built it.
That said, buying someone else's home built requires an even more in depth pre-buy than a certified. You really need to know the airplane well.
No, it's just expensive if there's not a lot of them flying.I hear it’s near impossible to get insurance on an experimental these days.
That's only true if you're doing some really mundane things with them. The second you want to land off pavement or go upside down, the doors slam closed.
Can you get liability and Hull?No, it's just expensive if there's not a lot of them flying.
Falcon Ins EAA plan - never had an issueI hear it’s near impossible to get insurance on an experimental these days.
Mike Busch is a dingdong and I’d take anything from him with not just a grain but the whole shaker of salt.I apologize for creeping off-topic but checkout Mike Busch’s latest: Savvy Maintenance
He discusses the FAA’s Coleal interpretation (2009). It green-lighted “simple and minor preservation tasks” that are not specially stated in Part 43 Owner Maintenance. So changing the bulb in your compass is legit so long that it is simple; mine takes 5 seconds. This is outside of what I learned which was that Part 43 was a finite list of what tasks we could complete. So you can unchain your hangar fairies to a reasonable level; just document the work and be able to articulate the “simple and minor preservation task”.
Somebody mentioned hoses here — it is specifically stated in Part 43 that the owner can replace hoses with prefabricated ones. New fire-sleeved Aeroquip hoses aren’t that bad.
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Yes.Can you get liability and Hull?
This. Our annuals are $600.You need an A&P that will walk you through an owner assisted annual