I've been owning for the past 5 years.
My goal has always been to do it for cheaper than renting.
And I've succeeded!
With absolutely everything included,
my 172M is flying around for about $60 an hour.
If you can do it, having a partner makes sense and cents.
It's someone to help pay the bills and someone to help with the work.
A lot of folks worry about overhauls needlessly.
Remember that most 150/152 change hands every few years.
If you purchase a fairly low time engine, it's highly likely that the plane will be gone before you have to worry about the engine.
Another strategy is to fly the plane like a car.
That is-- you probably borrowed some dough to buy the thing.
If an overhaul is required, borrow the money at that time.
Most newbies think "overhaul" and forget that as a general
rule, few of your accessories will make it that far.
Along the way, you'll probably replace the mags, the alternator, the starter, the exhaust sytem, and the vacuum pump.
Your prop might wear out as well. (Mine did after 25 years in service)
A flight instrument or two will probably croak. Radios don't run forever. Tires. Front strut. The list goes on and on.
Bear in mind that flying more will reduce your hourly rate.
However-- your total cost can only go in one direction.
Depending on where you live, a tie-down or hangar can
be a major cost driver.
If you can stand the hassle (I do!), MOGAS can save you a bundle.
There is a lot more to owning that most folks realize.
If you are a "turn the key" sort of person, it might not
be for you.
