Mods, if you prefer, you can add "SPOUSES: KEEP OUT!!!" to the thread title, I understand, lol.
**SPOILER ALERT**
Twin owners, if you're scared to know how much you spend (approx.) to fly your 310/Baron/Twinkie, read no further!
For the rest of us that are gluttons for punishment, have a severe dislike for unspent money, or those of us that know we can't keep our wives from seeing the bottom-line at some point...so we better come clean up front
; I've tried to calculate the costs of owning a twin based on several hours worth of reading on BT, POA, random Google hits, and with the help of feedback from 5 different twin owners this week.
Obviously everyone's situation will likely be different based on condition of the aircraft, local economics, etc., but here's what I've found so far:
BE55/C310 (96 hrs./year [8 hrs./mth for easy math])
Monthly Costs:
Hangar 200 (est.)
Insurance 250 (est. 3k/yr.)
Annual 625 (est. $7.5k, but be prepared for the
occasional $20k surprise annual)
$1075/month fixed
Fuel 1200 (est. 8h/mth, 25gph, $6gph =$150/hr)
Eng. 480 (est. 60k with 1000 TBO = $60/hr)
Oil 30 (24qts/50 hrs. = 3.60/hr)
$2785/mth (+ note if you're financing any of it)
*or $348/hr wet all-in (96 hrs/year)
*or $213.75 wet plus fixed costs
Twinkie differences:
Annual 417 (est. 5k)
$867/mth fixed
Fuel 720 (15gph)
Eng 320 (est. 40k = $40/hr)
Oil 15 ($1.80/hr)
$1922/mth
*$242/hr wet all-in
*$131.80 plus fixed costs
Unmentioned costs include budgeting for paint, interior, avionics upgrades, GPS subscriptions, and (per one recommendation) keeping $20k handy for pop-up surprises. I also have not accounted for any periodic training (highly recommended).
For any of you owners that think I've grossly misrepresented a figure or missed something completely, I'd be happy to edit the post for accuracy.