Cessna 172 Skyhawk Ownership & Operating Costs

Cessna 172 Skyhawk Ownership & Operating Costs

The Cessna 172 Skyhawk is the most well-liked aircraft worldwide among private pilots and aviation enthusiasts. Here are the ownership and operating costs.

There’s a good possibility that if you’re shopping for a plane, a Cessna 172 Skyhawk is one of your top choices. The Cessna 172 is a very well-liked aircraft for a variety of reasons, one of which is the cost of ownership, particularly for a four-seater. Here are the total expenses for buying and running one.

Costs for a used or new Cessna 172 Skyhawk range from $40,000 to $50,000. In addition to the purchase price, fixed expenses such as insurance, hangar fees, and routine maintenance range from $800 to $5,000 year. Fuel and engine overhauls are examples of variable costs, which range from $50 to $60 per flight hour.

Purchasing a Cessna 172 Skyhawk is not the end of your financial obligations. There are additional expenditures associated with owning the plane that may arise throughout the course of your ownership, although the purchase price is probably going to be the single largest cost. We’ll examine all of the major fixed and variable expenses related to owning a Cessna 172 in this post.

You can rely on SkyTough to provide you with only the best and most useful aviation content online. Because we are pilots and enthusiasts like you, we are aware of this. We’ve been in your position before, so we understand what you’re looking for, the kind of information you want to find, and how you want it presented. So when you’re done reading this, you’ll be fully informed regarding the price of owning a Cessna 172.

Table of content:

  1. Prices Associated With Owning & Flying A Cessna 172 Skyhawk
  2. Fixed Costs Of Owning A Cessna 172 Skyhawk
    1. Price of a Cessna 172 Skyhawk aircraft
    2. Cost Of A Cessna 172 Skyhawk’s Insurance
    3. Price Of A Cessna 172 Skyhawk In Storage
    4. Costs Of Regular Inspection & Maintenance For A Cessna 172 Skyhawk
  3. Costs That Can Vary When Owning A Cessna 172 Skyhawk
    1. Cost Of A Cessna 172 Skyhawk’s Fuel
    2. Changing The Oil In A Cessna 172 Skyhawk
    3. Costs of Cessna 172 Engine Overhaul

Prices Associated With Owning & Flying A Cessna 172 Skyhawk

The expenses associated with owning and operating a Cessna 172 Skyhawk are very similar to those of owning and operating a Cessna of any kind. These expenses can be roughly categorized into two groups: fixed expenditures and variable costs. There are fixed and variable costs associated with owning an airplane, which is not surprising. Let’s examine each of these subcategories in more detail.

Fixed Costs Of Owning A Cessna 172 Skyhawk

The costs that don’t truly fluctuate over time are known as fixed costs. Another way to think about these expenses is that they will always be necessary regardless of how frequently you fly your Cessna 172. Therefore, even whether you put in 1,000 hours of flight time or manage to take just one flight a year, these expenditures will essentially remain the same.

The cost of the aircraft itself, insurance, hangar fees, routine maintenance, and inspections are among the most frequent fixed expenses related to owning and operating a Cessna 172.

Price of a Cessna 172 Skyhawk aircraft

A new Cessna 172 Skyhawk typically costs between $370,000 and $425,000 to acquire. The year, model, and store where the item is purchased, however, can all affect the pricing. The Cessna 172 was initially made available in 1956, but it’s still in production today, so if you have the money, you may buy a new one. That being said, purchasing a used Cessna 172 will almost always result in a significantly better overall value.

An older, used Cessna 172 can be purchased for roughly $40,000 to $50,000 less if you choose to do so. In this price range, you can almost always find secondhand Cessna 172 aircraft for sale on Trade A Plane that are operational.

Also keep in mind that the purchase price is not the whole cost you will pay if you finance your plane. Your monthly or yearly expenses will be significantly higher than the sticker price of the Cessna if you take out a loan because you will also have to pay interest to the bank or lender you choose.

Cost Of A Cessna 172 Skyhawk’s Insurance

The cost of aircraft insurance may differ according on the kind of protection you desire, where you live, and the business you decide to work with. You should budget $150 to $250 a year for liability-only insurance. This only pays for the cost of damage you cause to other people’s property in the event of an accident; the plane itself is not covered, just like liability coverage on your automobile.

The cost of insurance will be significantly higher if you want comprehensive coverage, and the price will be greatly influenced by the plane’s value. You should expect to pay $500 to $1,000 year for insurance for a used Cessna 172 with a value of around $50,000. Expect to pay thousands of dollars annually only for insurance if you own a brand-new Cessna.

Price Of A Cessna 172 Skyhawk In Storage

Depending on where you are and who you are renting hangar space from, hangar rates can change. You might occasionally be able to sublet a hangar from a hangar owner for $50 to $200 per month. You could spend up to $400 per month or more on hangar leasing if you decide to rent directly from the airport.

Costs Of Regular Inspection & Maintenance For A Cessna 172 Skyhawk

I wasn’t specifically referring to oil changes when I said “regular maintenance” here, despite what many people seem to believe. I’m talking about the typical maintenance expense here, which really adds up over time. The typical annual maintenance expense for a Cessna 172 will be between $500 and $800. Keep in mind that this will typically result in a larger expenditure once every few years rather than a consistent annual expense.

The Federal Aviation Administration (FAA) requires that annual airworthiness examinations be performed on aircraft. This costs roughly $1,575 a year for a Cessna 172.

Costs That Can Vary When Owning A Cessna 172 Skyhawk

On the other hand, owning and operating a Cessna 172 has variable costs associated with it. These expenses are the ones that tend to rise when you fly your plane more frequently. Therefore, unlike fixed expenditures, you probably won’t have to spend much in terms of variable charges if you don’t manage to fly during the year.

Fuel, oil changes, and significant costs like an engine overhaul are among the variable costs related to owning and operating a Cessna 172.

Cost Of A Cessna 172 Skyhawk’s Fuel

The overall cost of owning and operating a Cessna 172 Skyhawk is significantly influenced by the price of fuel. Over the past few years, the cost of avgas (100LL) has climbed dramatically and doesn’t appear to be going down any time soon. A Cessna 172 uses roughly 8.5 gallons of fuel per hour and costs almost $5 per gallon. Therefore, depending on fuel prices, flying your Skyhawk costs, on average, between $40 and $50 per hour.

So what fuel-saving measures can you take? Here are some pointers:

  • Plan ahead and streamline your route to reduce the amount of airborne time.
  • Fly off-peak when airports are less crowded.
  • Navigate using aviation charts to discover the quickest path.
  • Check FBOs for fuel reductions (fixed base operators)

Even though some of these suggestions may not be completely relevant on every flight, it’s still worthwhile to try to save your fuel expenses!

Changing The Oil In A Cessna 172 Skyhawk

For a Cessna 172 Skyhawk, an oil change normally costs $200. The price of the oil, the labor to replace it, and the disposal fee are all included in this. Nevertheless, this cost may differ based on where you get your plane serviced. For buying oil in quantity, some stores may charge more, while others might give discounts. It’s crucial to comparison shop and get the finest offer for your requirements.

If you can change the oil yourself, you can avoid paying for labor altogether and only need to spend about $50–$60 on the oil and filter. When you do it for the first time, you might need to purchase additional goods like an oil barrel or drain pan, but after that, you’ll nearly always have those items on hand, so the cost of the oil is all that remains.

Costs of Cessna 172 Engine Overhaul

A Cessna 172 Skyhawk engine overhaul will run you between $15,000 and $18,000. The cost of this job covers labor, removing and replacing the engine, all new components, including a rebuilt crankshaft, cylinders, pistons, and bearings.

You don’t have to pay this expense annually or anything of the sort. The time between overhauls (TBO) for the Continental engine that drives a Cessna 172 is typically between 1,800 and 2,000 hours. Therefore, the engine costs between $7.50 and $10.00 per hour of flight time when we split the expected overhaul cost by the number of hours it should endure.

You can therefore estimate how much this will cost you by multiplying the cost by the number of flights you anticipate taking each year. You’ll need to overhaul the engine more frequently if you fly more regularly, which will increase your expenses. But it’s totally worth it to soar!

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