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Another ownership question
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November 18th 03, 04:07 PM
jim rosinski
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(Ross Oliver) wrote:
Duane MacInnis wrote:
Beautiful part about older (but serviceable) airplanes, is that they
actually *appreciate* in value.
I would like to see some hard data to support this claim. While this
was true of certain aircraft in the late '80s and early '90s, once
Cessna restarted production and Cirrus and Diamond are now delivering
in significant numbers, I seriously doubt this still holds true.
I paid $32.5K for my 1972 Skyhawk in 1992. Book value is now around
$40K, including the additional hours put on the plane in the last 11
years. Not lots of appreciation in value but clearly greater than
zero.
Jim Rosinski
N3825Q
jim rosinski