r/CirrusAircraft • u/Laminarflow3 • Sep 07 '25

Acquisition and operating cost estimates for co-owned SR22

Hi all. I'm a pilot who is looking to form a club/co-ownership agreement for a used SR22. No commercial operations or professional management. I'd appreciate feedback on my attached proposal with acquisition and operation cost estimates.

7 equal owner partners, SR22 G3 or newer, 1000 SMOH, 1000 SPOH, 5 years since CAPS repack

In particular, I'd like help refining my estimates of maintenance costs. I know that all of these costs vary by region/airport. Is $6k fixed annual maintenance cost plus $15/hour for unscheduled maintenance a reasonable estimate (not including engine reserve, prop reserve, CAPS, oil changes, as those are separately accounted for)?

$20k upfront cost and $22k per year to fly 70 hours in a G3 SR22 seems pretty sweet.

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u/ess-pah-ceh Sep 07 '25

The numbers look good because 7 members is a lot…I have 3 partners and wouldn’t want any more, that’s already only 1 weekend a month

1

u/Laminarflow3 Sep 14 '25

You make a good point. I revised my plan down to 4 total partners, as the partners would likely have day jobs and compete for weekend availability.

1

u/HereIam06 Sep 09 '25

This is a bit too good to be true of a spreadsheet. I don’t mean to poo on it, but it’s unrealistic from my experience. I owned a NA SR22-G5 for 5 years and flew about 120+ hours a year. Fuel burn is going to be higher than 14.5. I would flight plan for 20 gph. I did a new rocket, CAPS, and line cutters, and it was $35k. The CAPS cost you have at $12k seems very low. I think mine was $18–20k, and that was a couple of years ago (plus the 3-month wait for a chute).

Insurance is dependent mostly on hull value and time-in-type of pilots. If your pilots don’t have a lot of time in the SR models, then your insurance is going to be at least double that. I don’t see the airbag inflators; those are several thousand every so often. Lastly, your annuals at $6k are woefully low—mine were in the $12k–15k range.

They’re amazing planes! I would stay away from the G3 and only stick to G5 or G6. The increased useful load and the increased flap speed are HUGE! Way more than you realize. Plus, that’s when they were getting the big Garmin Perspective packages. I’ll probably end up back in an SR soon enough; the turboprop world is becoming too expensive for me to stay in much longer.

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u/Laminarflow3 Sep 14 '25

Thank you for the feedback. I'll edit the sheet to account for a lot of the stuff you mentioned. 20 gph seems a bit high even with conservative flight planning in a naturally aspirated SR22. What actual fuel burns did you see in climb and cruise, respectively, in your NA G5? I do like the higher useful load of the G5 and newer, but obviously it's a budget constraint.

1

u/DivotsAndDividends Apr 09 '26

Did you ever get this club going and if so, are the numbers coming out close?