I'm trying to get a handle on *real* ownership costs of an SR-22. (One contributor on COPA says "$1000 per hour". If that's true, a King Air makes more sense)


If you have owned a Cirrus, would you be so kind as to elaborate on what your average yearly cost was/is? The numbers I'm interested in are insurance/maintenance/inspection costs. If you would be so kind as to not include capex, hangar, training, database etc. I would appreciate it...those are easy for me to calculate outside this survey.


In keeping with the BT spirit of only commenting on that which you know...I'm interested in the opinions/experiences of *actual owners*, not "I heard....".


Thanks all.....

Umm. You ready to sell that nice Bonanza?
I would not let that one go if I were you!

We manage a 2014 SR22T for a client (non-pilot), so we have done all this math out for him several times. It flies several hundred hours a year, which definitely helps drive the cost per hour down. Up until this spring, our number for him All-In (Including MX, hangar, insurance, landing fees, fuel AND pilots at a few hundred bucks a day) was just under $500/hour. In the spring, the engine had some serious issues and needed about $20,000 worth of work, and we have yet-to recalculate that number but I would imagine it is around $600/hour now.

PM Tony Caldwell. I am fairly certain he kept detailed records of the expenses on his Cirrus.

Paging Don Coburn, corporate expense reduction extraordinaire, who has a Cirrus and flies many hours per year.

There’s a subset of Cirri owners and shops that subscribe to

Follow all service bulletins
Replace not like-new parts with new
Etc

The biggest variable you will see in cirrus opex is maintenance philosophy. Otherwise it’s a bonanza without gear costs and with chute repack

Charles, I agree with you.

I'm looking to get the "typical", and I'm guessing(!) that Cirrus owners/former owners on here tend more to the "Bonanza style" maintenance.


"all in" costs would be useful to someone who was looking to hire a pilot....


If a Cirrus is really $600-$1000 per hour to operate, it's not even on my radar screen. A clapped out old Baron would be cheaper, even including fuel.


Looking for data from those who have owned one...

Mike Busch’s company manages a lot of them. I’d ask there

The numbers per hours will change dramatically if you are talking about a new bird, and you are factoring the loss of value, and add the amortization into it.
at 1m, and flying 200 hours per year, and inputing a realistic resale cost 5 years down the road, for 600k, that is a loss of 400k , for 1000 hours: That alone is $400. per hour.
Plus another $400. for real cost, plus $100 for engine and others...
Easy to get to the $1000. per hour mark.

But if you do the math with a 5 year old bird, it would be a lot better. The residual does not go down that much.
( but the extra $400. per hour just for that new car smell... too rich for my taste)

Of course, tax wise, you can absorb some of this.... But why would you? At that cost, you can be burning JetA, and flying in style.

I am a TLAR guy Stan and have not owned Cirrus long enough to be much use to you.

My bit of info may help a tad until accountants weigh in

Recent annual base price was $3200 i think on Cirrus
Probably a bit higher than a BO....because they can

I did have a Columbia 350-non turbo for 11 years and figured 12-15k per year plus fuel for 150-200 hours a year which included hangar, insurance and maintenance. Edit- hangar $3000 per year so subtract

If trying to get numbers tight then don't forget to add $1500 more a year for chute repack

Depends.

$250 - 350 / hr plus capital costs. Big variables are hangar and insurance costs. Hangar prices vary wildly by location. Insurance will vary by the value of the aircraft, how much coverage and how much experience the pilots have.

I was in one partnership for a few years and it was running us ~$220 / hr, with four of us sharing it. Looking to get into another one and they are running it at ~$190/hr with three, but I'm not totally convinced they've considered everything. Although they are also renting it out to a pro pilot that flies to where his corporate jet is instead of driving there, and that helps cover some of the costs too.

Whenever I look at aircraft costs, I Google the type of aircraft e.g. "Cirrus SR22 Rental" and look at flight schools rental costs. Looking at various schools rental rates I have found:

1. Gives you a good ball park number - they're isn't much profit in rentals.
2. You can see ranges of rates and the associated condition of aircraft (through online pictures). Low rates tend to be flown many hours and beat to death aircraft. Higher rates seem to be better taken care of. An owner doing lease back needs a tax write off, but wants it available and not beat to death <200 hrs a year.
3. Every time I run my own spreadsheet numbers all in, it's close to the rental rates.

Stan,
We had a TN from new 2011 until 2019. I opened our 2018 insurance renewal and it was $5095. That breaks down as $1540 for liability, and $3555 for $592500 of hull value. That was for 2 IFR pilots and we were required to have and annual BFR. I also had a 2014 quote of $3844 but I recall that was an abnormally low price when that company was trying to get more Cirrus owners.
Maintenance wise it was low at first of course because it was under warranty, but after warranty the only big ticket item was a hole in an exhaust manifold which almost always happens at 750 hours. We made it to 850-ish, but it still cost $5000. Owner assisted annuals were in the $3000 range including parts like exhaust gaskets, clamps and TN wear parts.

Before the TN we had a 2003 G1 and costs were similar minus the turbo parts. It's been too long ago to have any real hard numbers without digging out old files.
Hope this helps,
Robert

Uhhhh..... Tell us more about the SF50

Heres a link to COPA guest forum with someone asking a similar question. https://www.cirruspilots.org/copa/non_m ... x?pi4693=1