Originally posted by crowMAW
Gotta agree with that! But you know, if I have the money to own and operate that...then I could afford them both!
DING DING DING!
people do not realise the cost associated with exotic aircraft.
I love to hear people say that if they won 5 million they'd build a huge million dollar house and buy a Corsair (and fly the crap outta it) and some fancy car and boat, and live the good life.
That reality sure would not last long.
Big Arse home 1 million,
taxes, insurance, and upkeep about 100k / year
Total 1100k
A good Corsair is going to run you 1.6 million
sales tax avg 8% (128k)
avg annual (10k)
avg fuel and oil bill (for flying a crap load 150 hours) 50k
Insurance (180k/year)
Maintenance for a year (10k)
Tires (5k/year)
Engine/Prop Fund (20k/year)
Total 1993k
Awesome Car (using one in article) 1.5 million
insurance, taxes, maintenance, and fuel 150k
Total 1650k
That leaves you with about 150k and I did not mention a boat.
Guess you are gonna buy the bassboat, and don't forget to get a better job to support the beasts you now own.
Oh, and almost forgot, the IRS just seized everything because you did not pay the taxes on the 5 million lotto winnings!