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#19
February 28th 04, 12:06 AM
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Yeah, but you knew that going in. New planes always depreciate for awhile.
ArtP wrote: I bought a 2002 Cirrus SR20 "C" for $226,000. I just sold it for $145,000. It cost an additional $43,000 for insurance, hangar, and maintenance. It was flown 250 hours (50 of that was to and from the service center which was in a different state). You can do the math, but bottom line it was the worst "investment" I ever made. 
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