Costs involved in J120

[rage83]

hey guys,

 

I am new to the thought of owning my own aircraft but when i saw the cost of the new jabiru I was like I could afford that.

 

My queries are with rego (RA) and with insurance??

 

Has someone got an idea of what this will cost so I can do some figures?

 

Thanks for ya help,

 

Rob

 

 

[jacmiles]

hey guys,I am new to the thought of owning my own aircraft but when i saw the cost of the new jabiru I was like I could afford that.

 

My queries are with rego (RA) and with insurance??

 

Has someone got an idea of what this will cost so I can do some figures?

 

Thanks for ya help,

 

Rob

Rob,just had quote from aviation insurance on a new 120 for $2850.00 that included training for myself and use for 100 hourly pilots.Of course different stratergies can be designed but this is around about the figure.Rego included when you buy new after that a couple of hundred a year i think.

 

 

[ianboag]

For insuring a plane it is worth looking at a high excess ie something like $10,000. This reduced the insurance on my J200 by $NZ1000. The logic is that the "normal" excess is $1000 or so and if there's a claim the no claims bonus goes out the window which will add $500+ to the premium. So you take your own risk on knocks and dings but insure for major damage.

 

Horses for courses I suppose

 

IB

 

 

[rage83]

Thanks for your help guys.

 

Rob