: Annual costs vary widely. A new Cessna 172 might cost $5,000 to $10,000 annually to insure, while basic liability for an older, used model can be as low as $150 to $250 per year.
: Many owners reduce costs by joining a "flying club" or entering a co-ownership agreement to split fixed expenses. buy small plane
Beyond the sticker price, owning an aircraft requires a monthly budget for fixed and variable expenses. : Annual costs vary widely