What do you pay per year on average to own your RV if you used it for an hour a week or so?, I can appreciatate it probably varies alot so just on average will do, thanks.
 

Adam,
 
Hangar costs are variable. Fuel costs for a 360 are around 35 litres per hour. Yearly - insurance (£1200-1600), LAA fees (membership, permit costs, inspector), mainternance (oil and other items).
 
Regards,
 
Tim

My insurance is just less than £1000, and my fuel burn is around 28 lit/hour with a 160hp O-320. I have seen hangarage vary from <£100 to >£300 a month depending on airfield and facilities offered. Permit renewal is about £200, plus whatever you pay your inspector.  
 
Pete

I'll have a go at answering your questions.
 
Avgas is around 1.50/litre. My local field is less than half that price, but a bit out of your operating radius.
You can run on unleaded motor fuel subject to some restrictions and compatability checks, but not on the higher compression engines.
 
Engine overhaul is not fixed at time intervals, but based on engine condition. The 2000 hour figure that most people associate with Lycomings isn't a bad average, but real world figures often vary between 1000 to 3000 hours. There's a lot that you can do (or avoid doing) to increase your chances of a long service life. Typically 10-20 pounds/hour would cover powerplant maintenance and overhaul over the life of an engine (including mags, spark plugs, oil & filters etc.  
 
You can overhaul engines or do any other maintenance yourself, if under the supervision of a suitably qualified inspector. Not all inspectors have the same signatory authority. Routine maintenance you can do unsupervised up to the limits laid down by the LAA, but that permits most 50hour upto annual inspection and maintenance. The annual has to be inspected and signed off by your inspector.

RV not ready yet, but costs for me on a Luscombe -  
 
14 litres per hour
£628 insurance
£140 hangarage per month
What is an engine fund....
£180 permit renewal
Inspector fees £100
Oil £30 a year
Landing fees - £30 per month - 2-3 a month and free mag landing fees
 
Truth is that I do not believe in the cost per hour route as fixed costs have to be paid and flying hours are variable.
 
Engine fund strikes me as a bit of a pain. I don't have a fund for a new car or other unexpected shocks so why keep a separate fund? (obviously group share need to, but that is a different concept).
 
Best idea is buy a Peugeot 406 diesel for £1k, it does 50mpg and costs very little in parts and you do not need to worry about scratches etc. I do about 20K miles a year and it now has 240,000 on the clock. The money I save from not buying a new car and doing all the garage thing where some greasy moron charges you for a very suspiciously ungreasy mechanic to change the oil under the gimick of calling that a service... Well lets just say that my cost of motoring is about £3K including fuel, tax and insurance - company gives me £4k for 10,000 business miles, I keep a thousand and it helps pay for flying. That gives real value for money.

Again, it would vary depending on overall experience of each individual concerned.

Hi  
 
We run an RV8 out of Sibson
 
Our RV cost £5262 per year to run.
 
This is broken down to:
Insurance     £1866
Hangarage    £1196
Maintinance   £1500
Engine Fund  £500
PFA permit    £100
 
Things to vary a little and some of our maintinance we have allowed for an engineer to be paid.
 
I hope this helps and good luck
 
Cheers
 
Richard
GGUNZ