Cost of Owning a Cessna 172

The cost of owning a Cessna 172 can vary significantly based on several factors including purchase price, insurance, maintenance, fuel, and storage. Here's a breakdown of typical costs:

Purchase Price

A new Cessna 172 typically costs around $400,000 to $500,000. Used models can range from $30,000 to $300,000 depending on age, condition, and equipment.

Insurance

Annual insurance premiums can range from $1,200 to $3,000 depending on coverage and pilot experience.

Maintenance

Annual maintenance costs can be around $1,500 to $3,000. Major overhauls, such as engine overhauls, may exceed $20,000.

Fuel

The Cessna 172 burns about 8 to 10 gallons per hour. With fuel prices averaging around $6 to $8 per gallon, operating costs can be approximately $50 to $80 per flight hour.

Storage

Hangar rental can range from $200 to $1,000 per month depending on location.

Miscellaneous Costs

This includes items like training, navigation equipment, and other operating expenses, which can add several thousand dollars per year.

Total estimated annual cost when combining these expenses can range from $15,000 to $30,000 or more depending on usage and specific circumstances.

Popularity of the Cessna 172

The Cessna 172 is one of the most popular general aviation aircraft for several reasons, making it a beloved choice among pilots and aviation enthusiasts. Let's explore the reasons behind its enduring popularity:

Versatility

The Cessna 172 is suitable for various missions, including flight training, personal transportation, and even light cargo.

Ease of Handling

It has forgiving flight characteristics, making it an ideal training aircraft for new pilots and a comfortable ride for experienced ones.

Performance

The aircraft offers good performance with a top speed of around 120 knots, a range of over 600 nautical miles, and a climb rate that appeals to both novice and experienced pilots.

Reliability

Cessna 172s are known for their durability and low maintenance costs, enhancing their appeal as a cost-effective choice for pilots.

Availability of Parts and Support

With a large number of units produced, parts are readily available, and many mechanics are familiar with the aircraft, making maintenance easier and often cheaper.

Community and Training

It is widely used in flight schools, meaning many pilots train on the 172, creating a large community of experienced pilots and instructors.

Resale Value

Due to its popularity, the Cessna 172 generally has good resale value, making it a sound investment for owners.

In summary, the combination of reliability, ease of use, and widespread availability makes the Cessna 172 a favored choice among pilots and aviation enthusiasts.