Will ATP allow you to train in your own plane and cut the cost of the program accordingly?
There are my thoughts, an older (but well-maintained) 172 will cost me $40-50K. The 40-hr multi program includes 185 hrs of single time. The way I estimate the cost, ATP charges about $180 hr-wet for the 172. Therefore, the total cost of just the single engine aircraft rental is $33,300 (Over half the cost of the overall program). If I decided to resell at end of training I would imagine that, on a really bad day, I could sell it for $5K less than I bought it; for a net savings of $28,300. I understand that I would be responsible for storage, maintenance, and fuel but that might be $8,000 for the 6 month period. The numbers just make it seem like a no-brainer to me especially since savings could be increased if the aircraft was split with another student.
Any experience with anyone completing training in this manor or any thoughts overall?