Rogue_Ryder
Pre-Flight
Depends on where you are at. But a tie down will be a lot less than a hangar.
At the airport where my ride hangs out (ONZ, Grosse Ile Municipal), a tie down is $49 per month, and the lowest cost hangars are $152 in the "big shared hangar" and $224 for your own hangar.
$224 for your own Hangar! I wish you could find something that cheap in Northern Colorado! I think around here it's about $400 at most places for a T-Hangar. If I could find hangar rentals for that cheap I'd give more serious thought to buying (at $4200/yr it just doesn't make economical sense for a cheap $20,000 150 or PA-22).
If you're gonna buy a 150/152 Cheokee 140, Tomahawk etc for $20K you could possibly get your tickets for less than renting if you're able to get through an annual cheaply and fly it a couple hundred hours then sell it for close to what you paid (like other have said you could also loose big time if need an engine overhaul, if the plane has compressions in the 70s more than likely you should be able to fly it a couple hundred hours and not need any major work, but there's never any guarantees). As much as I think Pacers and Colts are good planes for the money I would not tie down a fabric plane outside. Most of the aircraft tied down outside are going to get destroyed overtime by UV, Hail and possibly corrosion depending on where you live. Short term I don't think it's a bad plan but for the long term I think it's better to have your plane hangared. If you run the numbers on Storage, Annuals, Fuel, Oil (engine overhaul reserve if that matters to you) etc vs the cost to rent you'd be surprised that renting is usually cheaper (there's a reason the old saying "if it flys, floats or f..., it's cheaper to rent it" exists).