YMMV but when I looked at it;
- $10-25k/yr insurance
- $5-10k/yr annual / mx
- 11-13gal/hr burn ($500-700?)
- Chute repack every 8-10yrs ($20-30k)
- Engine overhaul ($75-100k)
- Maps, subscriptions etc ($1500-2500/yr)
You should comfortably have around $50k/yr to throw at this plane as a solo owner. Add another $20k/yr for the 22T.
Other owners might chime in, and it can definitely and probably will be less than that but since Covid it's been a shithouse of price increases for everything so good luck.
When you pull the chute, the airframe is totaled. At Cirrus prices, that's a steep bill.
SR22 insurance doesn't have to be that high, but when you're a PPL getting into a ~$1ml airplane, it's very expensive. A used SR22 for $400k and a CML/IFR with 1200+ hours isn't going to be that bad. The real issue is that that there are a lot of people who try to get into these aircraft with little or no experience. It's a lot of airplane for a Student or a 100-hour PPL and things happen.
It's functionally a total to the insurance company. The owners often demand it because it'll take months-to-years to get it airworthy again.
There are also companies that buy the wrecks and rebuild them, but that doesn't mean they weren't a constructive total loss.
I have a normally aspirated SR22, which are somewhat easier/lower cost to maintain than the turbos, in part because the turbo assembly has to be removed to access the engine for annuals etc. i use a very good and somewhat expensive mechanic shop for my annual, and it's usually about $6k. Insurance is about that too, but I'm 61. Biggest costs for me are hangar fees, which are high and obviously not Cirrus-specific ($1k/month) because I keep the plane at KBFI, and fuel- I fly 125-150 hours a year and cruise at 13.5 gph so call it maybe 1,800 gallons a year at $6/gal so roughly $11k a year. So maybe $35k annually for a plane that lives in a very expensive place and is flown a fair amount. Fwiw i have about 800 hours in this plane and it has given me very few issues and those were minor.
A lot, one of my students wants to buy one and he was quoted like $50k/yr on the low end for all costs. You would get more enjoyment from setting your money on fire and buying a cool plane.
I own 3 airplanes including a comparable retract and it’s not that expensive. My fixed costs have not increased that much between 2019 and now. In fact, my insurance went down.
I guess that's the difference; PPL IR w/low hours on a half decent income vs ATPL CFII who owns 3 aircraft on probably a much better income - one of us is getting better quotes / timelines and it isn't me ;)
You'll probably manage to sneak in a SR22 under $25k/yr, but I certainly can't.
Income isn’t a factor in either insurance quote or other expenses. My qualifications have not changed substantially (they don’t give a shit about more time in type or TT at my experience level) in the time period that my insurance went down.
There’s nothing I do that is proprietary to my experience level, nor would I maintain an airplane any differently than you do. Why do you think you can’t keep a fixed gear single under $25K/year? Yes I know what the parachute costs and the interval, it’s not that much.
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