The renowned Cessna 337H II Skymaster is a sought-after twin-engine, piston-powered airplane that many aviation enthusiasts dream of owning. This article delves into the cost of owning and operating a Cessna 337H II Skymaster, based on research conducted for both new and pre-owned models.

How much will a used Cessna 337H II Skymaster cost? A used Cessna 337H II Skymaster, dating from 1969 to 1977, can cost between $70,000 and $235,000. Factoring in expenses such as insurance, maintenance, and hangar fees (excluding depreciation), the total annual cost of ownership is approximately $27,675. The variable cost for flying the aircraft is around $110 per hour, based on 100 flying hours.

Why the Cessna 337H II Skymaster is a Great Plane

The Cessna 337H II Skymaster is an attractive option for newly certified private pilots due to its moderate price, fuel efficiency, and ease of handling. This versatile aircraft has earned a reputation for being both reliable and enjoyable to fly.

The Cessna 337H II Skymaster is an exceptional aircraft capable of accommodating up to 6 passengers, including the pilot. In this article, we will discuss the total cost of ownership and various financing options available for a Cessna 337H II Skymaster. Discover small planes worth the investment in our latest article.

Purchasing: Cessna 337H II Skymaster Cost

You can find a well-maintained used Cessna 337H II Skymaster within the price range of $70,000 to $235,000 for models manufactured between 1969 and 1977. The Cessna 337H II Skymaster is an incredibly popular aircraft, owing to its easy acquisition and continuous production since 1962.

Depending on factors such as condition, age, and location, you can expect to pay significantly more or less for this aircraft. A decent condition Cessna 337H II Skymaster typically costs around $70,000, but keep in mind that these aircraft sell quickly once they hit the market.

Ownership Costs of a Cessna 337H II Skymaster

Upon purchasing a Cessna 337H II Skymaster, be prepared for ongoing expenses in the form of fixed and variable running costs. The total cost of ownership is estimated at $27,675 annually, with fixed costs at approximately $7,775 and variable costs around $19,900 (based on 100 annual flying hours). Depreciation costs, however, are difficult to estimate as they depend on numerous factors unique to each aircraft owner.

At PilotPassion, our aim is to provide you with the most interesting and relevant aviation content. As aviation enthusiasts and student private pilots, we strive to put ourselves in your shoes when creating this information. We hope that our content saves you time and effort, providing accurate insights into the costs associated with owning and operating a Cessna 337H II Skymaster.

Owning an airplane, such as a Cessna 337, entails various fixed and variable costs that newcomers to the aviation world may not be aware of. These costs apply to all aircraft types, whether purchased new or used, with cash or financed through a loan. If you choose to finance your aircraft, be prepared for additional interest repayment costs.

What Are the Fixed Costs for Cessna 337H II Skymaster Ownership?

Fixed costs of aircraft ownership are the expenses you are responsible for, regardless of whether the aircraft is flown. So even if you purchase a Cessna 337 Skymaster and never take to the skies, you will still be responsible for paying several fixed expenses. These include the one-time purchase price, hangar fees at the aerodrome, insurance costs, and the annual inspection cost. The total fixed costs amount to approximately $7,775.

Additionally, you must consider the depreciation of your aircraft as an asset. Since numerous variables affect depreciation, such as age, cost, resale value, and market conditions, it is difficult to provide a precise figure.

To ensure your aircraft passes the annual inspection, you may also need to pay for necessary maintenance. Some individuals categorize these maintenance costs as variable expenses, but they are arguably fixed costs since they are likely to be required regardless of flight frequency. Other potential fixed costs include regular subscriptions to services like weather updates or ForeFlight.

Hangar Costs for a Cessna 337H II Skymaster

The cost of hangar space for a Cessna 337H II Skymaster can differ significantly based on factors such as location and the type of storage facility. In the US, it is possible to find hangar spaces for as low as $70 per month; however, investing in more secure facilities with additional amenities may be more desirable. Alternatively, you also have the option to construct or purchase your own hangar instead of renting one.

How much does insurance cost for a Cessna 337H II Skymaster?

Insuring a Cessna 337H II Skymaster can be more affordable than you might expect. As with hangar costs, insurance rates can also vary widely depending on factors like location, flight frequency, aircraft value, and the specific coverage required.

Insurance premiums for airplanes are subject to a variety of factors, so it’s essential to shop around for the best possible rate. Keep in mind that lower rates often provide only liability coverage, which doesn’t protect against damage or loss to the aircraft itself, but does cover injury or damage to third parties. The primary factor in determining the cost of insuring a Cessna 337H II Skymaster is the airplane’s valuation.

For a used Cessna 337H II Skymaster, the approximate annual insurance cost is around $3,300.

How much is an annual inspection for a Cessna 337H II Skymaster?

The Federal Aviation Administration (FAA) mandates an annual inspection for all aircraft, including the Cessna 337H II Skymaster. This inspection typically costs around $2,200. You really need to ensure all components are functioning properly and to replenish oil and other fluids as needed. The fixed maintenance expenses, which include the annual inspection, amount to approximately $7,775 per year.

What Are the Variable Costs for Cessna 337H II Skymaster Ownership?

The variable costs associated with owning a Cessna 337H II Skymaster, such as fuel, oil, unscheduled maintenance, and miscellaneous expenses (landing fees, parking, minor travel costs), are estimated to be around $19,900 per year. This translates to a variable cost of approximately $199 per hour of flight time.

These figures are only estimates, as individual experiences may vary when it comes to operating a Cessna 337 Skymaster. As you own the aircraft for longer periods, the annual variable costs may gradually increase. Unlike fixed costs, these expenses only need to be paid when the plane is in use, keeping them manageable and budget-friendly.

Cessna 337H II Skymaster Fuel Costs

The Cessna 337H II Skymaster operates on avgas, with an approximate fuel cost of $110 per flight hour. The current avgas price stands at around $5 per gallon, and the Cessna 337H II Skymaster has an hourly fuel consumption rate of 20.8 gallons. Compare avgas prices at various airports, as charges can vary based on location and traffic.

Cessna 337H II Skymaster Oil

For those with technical expertise, performing oil changes on the Cessna 337H II Skymaster can be a cost-effective alternative to professional labor.

By maintaining the aircraft’s oil yourself, you can save on expenses.If you don’t cover maintenance costs, you’ll end up paying for labor, oil, and filters from your own pocket. For instance, the oil expenses for a Cessna 337H II Skymaster typically amount to around $4 per running hour.

Cessna 337H II Skymaster Engine Maintenance Costs

Approximately every 2,000 hours, a Cessna 337H II Skymaster’s engine requires an overhaul. The cost of overhauling an airplane engine can escalate rapidly, depending on factors such as the engine’s condition, age, and the extent of wear and tear. As safety is of the utmost importance, this process is vital.

During an engine overhaul, each component is disassembled and meticulously inspected. This examination covers parts like pistons, bearings, cylinders, and other essential engine components.

As engines accumulate more flight hours, the need for comprehensive overhauls or replacements increases. With both fixed and variable costs considered, it’s time to explore financing options for your Cessna 337H II Skymaster acquisition!

Financing Options for Purchasing a Cessna 337H II Skymaster

There are several financing alternatives available for buying a Cessna 337H II Skymaster, as exemplified by owners within my network. One option is to secure a loan from a bank or other financial institution.

Alternatively, leasing the aircraft allows you to utilize it for a predetermined period, after which you can return or purchase it at the end of the lease term.

Consider pool financing by purchasing a share in a Cessna 337H II Skymaster with a trusted group of individuals. This collaborative approach enables shared ownership and can be a more affordable solution for acquiring the aircraft.

When considering the purchase of a Cessna 337H II Skymaster, it is crucial to thoroughly review the terms and conditions before finalizing any agreements. Understanding the full terms and potential costs you may be responsible for is essential.

Taking out a loan for a Cessna 337H II Skymaster

One option for financing your Cessna 337H II Skymaster is to secure a conventional loan from a bank or credit union. If you possess a high credit score and a strong financial background, this may be a prudent choice.

Alternatively, you can explore specialized aviation loans designed for aircraft financing. These loans often provide more flexible terms and may be more accommodating to individuals with less-than-perfect credit.

Practical advice: Before selecting a lender, it is wise to shop around and compare rates and terms from different financial institutions. Carefully evaluate your financial situation and ensure that you can comfortably manage the loan payments.

Leasing

If you’re not ready to commit to purchasing an aircraft outright, leasing a Cessna 337H II Skymaster is a convenient and cost-effective financing option. By leasing a plane, you agree to use it for a predetermined period of time, typically several years, in exchange for a fixed monthly payment.

At the end of the lease, you have two choices: return the aircraft to the owner or buy it for a set amount. There are wet leases (which include a pilot) and dry leases (aircraft only); you’ll most likely choose the dry lease option.

It’s essential to thoroughly research and compare leasing options from various providers. Lease agreements can involve a considerable amount of paperwork, so be sure to read the fine print. Similarly to loans, consider your ability to make the payments throughout the entire lease term.

Buying a Share in a Cessna 337H II Skymaster

Purchasing a share in an aircraft allows you to co-own a portion of the plane and operate it jointly with other owners. This arrangement can be a practical alternative to outright ownership or long-term leasing if you need access to an aircraft. By buying a share in a Cessna 337H II Skymaster, you can enjoy the benefits of aircraft use without bearing the full financial responsibility of sole ownership.

Fractional Ownership Explained

Fractional ownership, also known as shared ownership, is a popular and cost-effective way to own a share of an aircraft without bearing the full expense of purchasing and maintaining it. In many cases, local flying clubs facilitate this arrangement, where individuals often learn about the opportunity to own a share in an aircraft like the Cessna 337H II Skymaster.

The Advantages of Fractional Ownership

Fractional ownership offers numerous benefits to individuals and organizations seeking to own an aircraft at a more reasonable cost.

By splitting the initial purchase price, as well as ongoing maintenance and operational expenses, fractional ownership provides a more accessible option for those who want to fly for personal or professional purposes but may lack the funds or need to own an aircraft outright.

This model can also serve as an efficient solution for companies requiring regular access to an aircraft without wanting to assume the full responsibility and costs associated with complete ownership.

Ownership Shares and Responsibilities

The extent of each owner’s access to the aircraft and their responsibility for its upkeep depends on the size of their respective shares. Fractional ownership allows participants to tailor their level of investment and involvement, based on the unique needs of their personal or professional circumstances.

Fractional ownership presents a versatile and cost-effective alternative to full aircraft ownership for both individuals and organizations. By offering increased accessibility and flexibility, shared ownership can satisfy a variety of aviation needs while maintaining a professional and engaging approach.

Cessna 337H II Skymaster Specifications

Manufacturer: Cessna Aircraft Company
Model: Cessna 337H II Skymaster
First flight: 1961 (original Cessna 337 model)
Production years: 1961-1982 (all Skymaster models), H model introduced in 1973
Role: Light, twin-engine piston aircraft
Seating capacity: Up to 6 passengers (including pilot)
Engine: 2 x Continental IO-360-GB air-cooled, horizontally-opposed piston engines
Horsepower: 210 hp (157 kW) per engine
Wingspan: 38 ft 0 in (11.58 m)
Length: 29 ft 9 in (9.07 m)
Height: 9 ft 4 in (2.84 m)
Maximum speed: 200 mph (322 km/h)
Cruise speed: 190 mph (306 km/h)
Range: 1,000 miles (1,609 km)
Service ceiling: 19,500 ft (5,944 m)
Rate of climb: 1,200 ft/min (6.1 m/s)
Wing loading: 25.5 lb/ft² (124.5 kg/m²)
Power/mass: 0.10 hp/lb (0.16 kW/kg)
Configuration: Unique centerline thrust with a push-pull engine arrangement (one in the nose and one in the rear)
Retractable tricycle landing gear configuration
Known for: Unique design, ease of handling, and being one of the few twin-engine aircraft with a high degree of single-engine safety

Final Thoughts

Owning a Cessna 337H II Skymaster, or any aircraft for that matter, can be quite an expensive endeavor. However, it’s all a matter of perspective.

For those with a passion for aviation and the financial means to support it, the investment can be truly worthwhile. In comparison to other aircraft, the Cessna 337’s operating expenses are relatively reasonable.

A comprehensive assessment reveals that the average cost to operate a Cessna 337 aircraft amounts to approximately $276 per hour, accounting for both fixed and variable expenses. The variable portion, covering fuel, oil, and maintenance, comes to around $199 per hour.

Notably, many newly-licensed private pilots opt to rent a Cessna 337H II Skymaster to enjoy its benefits without the substantial commitment of ownership. In any case, the priority should always be safe and responsible flying.