Continuing on the thread of TOTAL COST PER YEAR to own,
here is how i see it.
Fuel:
Cessna 310; 180kts *22-25gal/hr *$5/gal * 100hrs/yr = $11000 - $12,500 per year
PA-32 Lance: 140kts *14-15gal/hr*$5/gal*100hrs/yr = $7,000 - $7,500 per year
This is a 36% difference in operating costs...the biggest one anyway.
If you flew the exact same trips in the PA-32 as you did in the 310, you would actually spend 128hrs/yr in the plane (ratio of speed difference times hrs/yr in C-310) which brings up your fuel cost to $9,643...and narrow your operating costs.
You also save money in the single by paying less in "landing fees", oil changes ($90 vs $180), however, these costs are minuscule.
I have purposely avoided factoring in the following:
1. Purchase price; despite what most twin owners want to believe, twin prices are in the toilet. The Cessna 310s linked in this thread are grossly overpriced and have been for sale for ever. You can buy a well maintained C-310 with midtime engines, WAAS GPS and engine monitor for well below $100k...I did.
2. Insurance: This is highly dependant on your previous flying experience, hull value and extent of coverage. I had no time in Cessna 310s (1.5hrs) but 200hrs multi & 1,600hrs TT. My insurace is $1,900/yr. Of course, you dont have to have insurance.
3. Hangar/Tiedown. Depends on geography. My T-hangar is $220/mo. I was paying $400/mo. Hangar rates is independent of plane type (single vs twin).
4. Maintenance: Please pay upfront for a thorough inspection. I'm still shocked when people are spending $1000s on their new plane that supposedly had a "fresh annual" or a "pre-buy". With the exception of replacing engines & props, light twins dont cost 2x or 3x as much as high performance singles. The same random things break, and just cause you have a twin doesn't mean things break in twos.
I saw $40k/yr budgeted for a C-310...I don't think that's reasonable...not for most pilots that only fly 50-100hrs/yr. I think about 1/3 to 1/2 that number for most pilots is reasonable. Of course, some years will be more (when random things break) and some years less...fuel price is also a MAJOR factor in utilization and affects that number dramatically.