Prop strike effect on resale value?
John Doe wrote:
Got a general question for the group:
If a used plane is for sale on the market, what effect is a prior prop
strike going to have on it's resale value?
None if the engine was torn down and repaired as necessary. If not then
I wouldn't buy it except as a run out.
I know it's all in the eye of the beholder, but I'm wondering if there is
any presidence in devaluation based on previous damage history.
Previous damage history is airplane dependent. For example there's
practically no such thing as a Cub that hasn't been rolled up into a
ball and rebuilt. They are the most expensive Cubs out there. Same
goes for 182's. Everybody knows they are nose heavy and will land on
the nosewheel if you let it, causing a wrinkled firewall. That's damage
history but if it's fixed right there's no hit on value. I sold my 182
in August and there was no negotiating down for the third firewall my
plane had. Take a Cherokee on the other hand and back an elevator or
flap or aileron into a hangar and buyers will want a price break.
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