3 year old SR20 - rental rate

Brian Curtis

Brian Curtis

Filing Flight Plan
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Jan 19, 2023
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Brian Curtis
I'm completing my SR20 transition training. The flight school offers 2 SR20's both 2-3 years old for a rate of $375/hr wet...just wanted to know what others are paying, does this seem like a good price?
 
Not to many SR20s for rent. I recall 165 dry at Raleigh Flying Club, so that's a bit high.
 
That’s pretty good from what I’ve seen. I plan to rent from the first company while I build time after I get my PPL. I’m renting from the second one on a discovery flight with my wife and son next month.

https://flywithia.com/n248js-details/ -> 2020 SR20 G6 is $315/hr + $90/hr consumables in Colorado
https://www.brbaviation.com/fleet -> 2018 SR20 G6 is $310/hr + $120/hr consumables in California
 
To reduce eventual insurance rates and build proficiency. Getting insured on Cirrus is very experience without TIT (still is expensive, but it helps). I hope to buy a Cirrus next year.
 
Closest place to rent a Cirrus to me, fwiw. Not sure what membership entails.

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Central Texas SR2x fbo rates. 340/hr & up.
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Jim K said:
Closest place to rent a Cirrus to me, fwiw. Not sure what membership entails.

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I rent from them, and I have had good experiences with the instructors and the planes. Both G6's, the white one is 2021 and the Volt Carbon is a 2020.
 
Feh said:
I rent from them, and I have had good experiences with the instructors and the planes. Both G6's, the white one is 2021 and the Volt Carbon is a 2020.
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What's the deal on the membership thing?
 
Jim K said:
What's the deal on the membership thing?
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So they have three membership levels, None (you pay full price), Basic ($1,250 a year and you about a 30% discount) for $250/mo., and Executive ($2,500 with a bit higher wet discount rate) for $500/mo.

Steep, but you're flying brand new planes and availability is good at least.
 
Brian Curtis said:
I'm completing my SR20 transition training. The flight school offers 2 SR20's both 2-3 years old for a rate of $375/hr wet...just wanted to know what others are paying, does this seem like a good price?
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Figure out what it would cost to fly the one you’re planning to buy, and see how it compares.
 
bflynn said:
Not to many SR20s for rent. I recall 165 dry at Raleigh Flying Club, so that's a bit high.
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I’m assuming that’s a while ago, been some significant inflation since then, especially airplane prices and insurance rates.
 
Brian Curtis said:
I'm completing my SR20 transition training. The flight school offers 2 SR20's both 2-3 years old for a rate of $375/hr wet...just wanted to know what others are paying, does this seem like a good price?
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That's a little rich.. but if you plan on buying one and this is your only one available then I agree it's better to get proficient in what you plan to buy

But point / counterpoint.. why not just buy it now and get proficient in the plane you will actually own. You might be able to get insurance with some kind of stipulation that you will be receiving instruction in it with an approved CSIP, etc
 
Factor in the cost of renters insurance. My very limited understanding is that the costs to fix minor hangar rash, etc. is high.
 
I've been removed from the rental scene for a while now, and when I was a renter I was poor so I didn't really care about insolvency in a lawsuit. At any rate, is it customary for commercial/revenue aircraft insurance policies to subrogate aircraft damage costs recovery onto the renter? Looking at Avemco's website for non-owned insurance, the hull coverage limits barely touch what these things are valued at. Their list tops out at 150K. What the heck is one supposed to do in the world of 750K rentals?
 
hindsight2020 said:
At any rate, is it customary for commercial/revenue aircraft insurance policies to subrogate aircraft damage costs recovery onto the renter?
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I think that is a good question. Potentially one better asked, considered and action decided upon prior to it being an issue.
Avemco addresses it as:
It is common practice for insurers of flight schools to "subrogate" against renter pilots to recover their payment for damage over the deductible.
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In addition, if the owner/FBO's insurance company pays for the damage above your deductible they can subrogate against you for the cost of the damages they paid.
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On the other hand, one might consider this marketing material related to "Avemco's Renters & Borrowers aircraft insurance".

My guess is some people care about this kind of thing. And others do not really care that much about it.
 
I mean, they'll care when they have an off-airport crash and get slapped with a lawsuit for the repair costs in excess of said deductible, which chute-pulling in a 750K cirrus is likely a bill higher than the national median price of a house. The only reason I bring that up is that people up-thread tried to promote renting as a cheap way of having access to million dollar flying on the cheap, but it doesn't tell the whole cost in the least. I shudder to think what avemco would quote for rental hull coverage on 500K.

Remember, even if the FBO/owner wants to be charitable by not suing the crash survivor, it's out of their hands anyways. It's the insurance that has the right of subrogation at that point, the FBO/owner was already made whole at that point and couldn't care less.
 
I looked up the rates at Aero Atlanta, seemed to be in the mid 400s. Suddenly I feel poor.
 
Seems like the insurance companies are double dipping by insuring both the FBO and the renter… while taking no additional risk.

if your renters’ insurance was from the same company insuring the FBO…. Would that reduce the risk of subrogation?
 
Wow. $196.99 wet in Wilmington, NC - but that's for a 2007 SR20. I got IFR current there last year. If I recall correctly the rate was about $30 an hour cheaper then. The company offered "self insurance" for renters with a deductible (I think it was $5K, but not sure) so I guess they were gambling with their own fleet?
 
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