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is it possible that I own my 1980 Piper Archer - and it costs me $0 to own it yes and Ill tell you how today badass huh works well that is hey guys Mike Webb here I did a video about if you own an airplane and you want to find a good way to offset some of the costs of ownership if you havent seen that video go ahead and click right here and you can catch up on that discussion ok in the other video I said that I was gonna go into details about how the lease back arrangement has worked for me and allows me to own my plane for free including all the detailed numbers so here we go okay the first part of this discussion is to review how the costs of ownership and an airplane are broken down we have fixed and variable costs now for fixed costs an example would be insurance storage whether its a hangar or a tie-down database updates taxes fees and of course our annual inspection some people pay cash for an airplane other people take out a loan your mileage may vary the important thing to