Airplane Cost to Own I MooneyM20C Ranger I N6887N I Hangar Talk 

My friend: Hey, you know, 75% of the earth is covered with water - you should consider buying a boat. Me: 100% of the earth is covered by air - so I am going to buy a plane.

A320 driver here. One of the best video analysis’s I’ve seen. I’m debating between the M20C, M20F and the M20J right now.

I Have had 2 planes a 1967 Cesna 150and a 1946 Navion 205 HP, Im saving for a Mooney just like yours. I really enjoyed your video thanks for you honesty and clarity , keep up the good work

This is super helpful for someone like myself researching. You make a good point in hobbies. Fishing is almost as expensive for me and it will go by the wayside for this. BTW, your Mooney is beautiful!

I've always loved the style and design of these Mooneys. Really like the paint colors on this plane. Very nice.

Great video. Love the back round. Nice looking plane. You explained the cost perfect and it makes sense. I rather have a plane then a boat for sure. Thank you

Thanks for sharing. Your plane looks great and at the end of the day it is not crazy to own a Mooney compared to other hobbies. My dad spends around 8-9 thousand a yr on golf and he plays 8 months out of the year. I rather fly all over for a few thousand more 12 months out of the year. thanks for explaining the cost to own and keep up the videos.

Absolutely a thorough pre-purchase inspection! (good idea for a car but a MUST for a plane). Early '70s my father bought a 1947 PA-12 in "good" condition - ($6,000 back then.. but a top of the line Lincoln was 10K); turned out someone had not properly connected the vent tube from the battery and corrosion had eaten into part of the fuselage tubing. We spent the next few years rebuilding/restoring it. Almost 50 years later he is deceased and until recently still flying it in his 80s. Shout out to flying Octogenarians! I stumbled across this video as I'm looking to sell his airplane (needs another resto and a fellow pilot at the home field is interested in it) and finishing the lessons I started in '79 then using a Mooney, Bonanza or similar to transit from KILM/KSUT to the private field he had a share in with a hangar cost of $720/year rather than driving 2-3 Hours each way anywhere from 0-3 time/Week as I deal with the fall out of my parents falling in separate floors of the house and not being rescued for 4-5 days and then my father passing from it while my mother has been in rehab/PT for weeks. I would need a tie down local to me as well and a cheap beater car at the other end but in some ways it makes sense and my mother has no problem with that idea either.

starts at 4:36

Awesome video my friend. Glad to see you get such a positive response. When I uploaded my cost analysis video of about the same length, people wouldn’t stop telling me it was too long!

She’s a beautiful plane!

I have owned 3 Mooneys a D, C, E, and lots of time in an F. I have actually flown a wooden winged Mooney. I have also owned 2, C-172's, a 152, 3 PA-28'-160s, and an Ercoupe and a Tomahawk. I purchased the Tomahawk for $4,500 along with a friend. I got my PVT in the T-hawk. You need to know how to break down your cost-per-hour. How are you going to use your aircraft? How many times a year will you fly. Are you a fairweather flyer? Do you have an instrument rating The Pipers and Cessna were used in my flight school as trainers? The M-20C was used as our Commerical Trainer and personal aircraft. The last company-owned aircraft was a C-206 Lycoming TIO-540-AJ1A turbocharged with the G-1000 flight system. Our cost per hour to fly that aircraft was about $265 per operational hour. There a lot to consider owning and operating any aircraft. Depending on fuel cost, hangar rental, annual inspection cost, AD's, recalls, recurrent training, etc. Don't be fooled you might buy an aircraft cheap but buyer beware you get what you pay for. I have logged over 15,000 flight time and just over 1,300 check rides. CFI CFII, ME, FAA- DPE, Sport DPE ASC.

Mooney, my favorite plane to fly :)

Great video, great information. Thank you for sharing your costs, and breaking it down in a way that makes sense.

Enjoy your video bro , thanks for sharing.... God bless you , and family..

By far the best and most informative breakdown of owning a Mooney. Very well spoken.

Great job!!

Thanks for sharing.

I like your attitude. I worked hard to do my hobby! I also like how you do your expense breakdown. Thanks

Great video and very informative! Just one suggestion, stop referencing a local place that you know very well in your videos but others don’t. Most people don’t know what state you are talking about when you say Orange County. It means nothing to the casual viewer. You could be in Orange County CA, NC, FL or even NY. There are probably even more Orange Counties that I don’t know of. So, be specific in mentioning a location that includes the state so people can kind of get an idea about costs for things like hangars, etc. I’m looking forward to another video!

Enjoyed the video. This is the plane I want. Hopefully I find a great one when I get ready to purchase. Currently a part owner in a c 172 but really want the cross country speed at nearly the same fuel burn rate

Thank you for your thoroughness. Nice video!

Thanks for sharing. It does make sense to buy a plane over a boat. LOL Great brake down of your cost. keep the vidoes coming

I'm currently considering buying this airplane's brother, N6888N. Good info right here.

Great Video. Adding the Mooney to my wishlist. If a seller has an issue when suggesting a pre-buy, get out of there!

Fantastic aircraft!

Yes - Moyer is excellent. A bit more expensive but super thorough and highly detailed in everything they do. They are awesome.

Aircraft ownership is an awesome privilege. Great film bud!

Great info. In the process of buying my first. Looking at the E and C model.

Great review. Thanks for sharing your experience.

Nice video. A good explanation.

That is such a nice aircraft it should be in a hanger. Good choice.

nice work pilot fun 101 nice video chris lee i love your mooney m20c ranger a+ keep up the good work a+

tl;dr , budget $1500/month for the year, wet. And over that time you’ll build up a surplus hopefully, for your MOH. And / or you’ll have a couple thousand saved for maintenance intervals, paint touch ups, etc.

I'm currently looking at a 1968 Ranger. Thanks for the video great breakdown

Thanks for the information. I am thinking about a Cherokee as my first plane. I also want to train for instruments in my own as well. Still not sure if I should go the extra mile and get a robust plane that I can keep for a long time. I’m not too young.

I'd like a home built,,, a mustang ll! That's my dream plane.

Great info.

You need to buy a portable FM microphone for your video camera. The mic will improve your videos. Thanks

Love Mooney's. What do think about tall guys though. I'm 6'7. I've always considered the Mooney a no go to purchase since the pilot area seemed smaller. What do you think? And that price is about the rental price of a Cessna 172 per hour it seams. But instead you get to have your own airplane in a hangar that you know how it's taken care of. So seams like money well spent.

My father flew for the Civil Air Patrol. Never had his own plane but he said he didn’t need one. He flew theirs all time.

In 1970 thy wear asking 15000 new

Im looking at the exact same plane how much did you pay for it?

12/17/2020 1. At the beginning of each video, state the date. 2. Don’t modify the panel, in particular do not install glass; it is a waste of money; there is absolutely nothing wrong with old school instruments or avionics. 3. Spend your money in flying, not in modifying.

How did you get camshaft inspected? I understand a camera cannot see the cam in a Lycoming. Was the engine disassembled? Thx.

Great video! Do your costs include the monthly loan payments? I don’t remember that being mentioned.

Do you happen to fly the Hudson corridor ? i believe you made a re. to orange county,great video i am not a pilot but enjoy aviation

Orange County ny?

Would you recommend buying a cheap shitbox 150/152 (or alternative) for 15-20k first, getting PPL, then selling and getting your "forever" airplane, or would you go straight for the "forever" plane first? I found a really nice '67 M20C for under 50k with decent avionics, and I could almost swing that with a small 4-5 year loan, I don't have my PPL, but I do have aviation experience (Flight Engineer, over 3k hours, and working toward an A&P soon, and eventually down the CPL track in a few years). My brother is an A&P and working toward his IA.

How much did you pay for the plane? Did I miss that part?

I would love to own an SR20 in about 20 years when they will be cheap

How did you find a pre-buy mechanic?

What kit built plane would compare to your plane? What would be the difference in total costs to include purchase price if the kit plane was already constructed?

Are you a CFI that could teach for PPL? If so let me know.

If you were planning a trip that is 1,500mi, what plane would you buy?

Orange County Newburgh?

Who's your insurance? Avemco quoted me 3,000 for 62K hull or around 5% of hull value/year.

It's a shame they want so much for the hangar.

How come no one talks about if your a tall man? I can’t fit in a C150!

Are you located in Poconos?

mooneys cost alot of money to own.