I've been browsing through ads just to keep an eye on what's out there, and occasionally I run across offers for partnerships/clubs. Its amazing the differences in partnership terms that show up, some of which seem to be pretty darned expensive. I can't figure out the math that makes these deals seem attractive. I'm wondering if someone can point out something I'm missing, something that would make these deals seem attractive to them.
The one I'm most puzzled with is a 1/4 share in a 1966 Cherokee 180 with a 430w, ADSB compliance and an autopilot. 600 smoh. The initial buy in is $18,000, with $250 per month fixed cost plus $40 dry per hour charge. So the total cost with all 4 partners included adds up to a $72,000 airplane with $1000 monthly fixed fees. And then $90+ per hour (with fuel) to fly the thing. That seems ridiculously expensive for an early cherokee 180.
It seems like you could easily pay those same dollar amounts and own 1/2 or 1/3 of an airplane instead of a quarter.
What am I missing?
Scott
The one I'm most puzzled with is a 1/4 share in a 1966 Cherokee 180 with a 430w, ADSB compliance and an autopilot. 600 smoh. The initial buy in is $18,000, with $250 per month fixed cost plus $40 dry per hour charge. So the total cost with all 4 partners included adds up to a $72,000 airplane with $1000 monthly fixed fees. And then $90+ per hour (with fuel) to fly the thing. That seems ridiculously expensive for an early cherokee 180.
It seems like you could easily pay those same dollar amounts and own 1/2 or 1/3 of an airplane instead of a quarter.
What am I missing?
Scott
