Thanks guys for your help. We came to an agreed price that is in between the
two. It is higher than I would have paid if I was buying it outright, but
since I am only buying 1/4 of the plane, the difference is not worth
haggling over. The plane has been here, in a local partnership, for 20+
years. It has an established maintenance fund which adds value to the
partnership. My A&P is familiar with it and tells me that it's been well
maintained. The agreement that I made is contingent upon a pre-buy
inspection by my A&P.

It's not as capable as the Charger that I had, but I'll have a lot more
money in my pocket when all is said and done.

Greg (often reader, seldom poster)


"GE" wrote in message
...
Guys, thanks in advance for your help on this one. My airplane was lost in
Katrina (more on that later), and I am looking at buying a quarter share
of a local plane. I am trying to get a decent idea of the valuation of the
aircraft, which is a '79 Archer II. I have run the numbers on both the
National Aircraft Appraiser Association (NAAA) through Trade-a-Plane and
the AOPA's website, Vref. The NAAA is much more thorough, allowing you to
define each avionic, specify damage history, exact times for engine and
prop. The Vref is much less comprehensive. The results are vastly
different. The NAAA values the airplane at $61K while Vref values it at
$73K. I didn't expect them to be exactly the same, but that is a huge
difference. I suspect that the true market value is somewhere in between,
but where? Any ideas?