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Buy a damaged airplane



 
 
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  #7  
Old November 9th 04, 01:16 PM
Dan Thompson
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Another way to look at things: it is better to buy a plane with perfectly
repaired damage history. If there is any discount off the price, you get
that going in. Then if you ding up and repair the plane while you own it,
it does not go down in value. In fact, since "time since repair" seems to
be the test of whether the damage should be a factor, the value goes up the
whole time you own the plane.

We are now pushing 20 years since Beech, Cessna, Piper were selling planes
in large quantities. There have been only a handful of new planes a year
since then. An NDH plane is probably a hangar queen. Turning up one's nose
at a plane with perfectly repaired damage history is a dumb way to buy a
plane.

"Rich" wrote in message
...
Because most buyers will try to avoid it... because subsequent buyers will
try to avoid it. Believe me... I've been there.

I agree that a well repaired airplane should sell for full value... but
the market just doesn't behave that way.

If you are sure you will own the plane in question in perpetuity... no
problem. Otherwise, buy right so you can sell right.

Rich

Matt Whiting wrote:
ically sound, flew normal, had all the
correct paperwork, etc.



It doesn't affect the airplane, but it does affect the value. Most
appraisers deduct something for airplanes with damage history, regardless
of the quality of the repair.

Matt




 




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