Radio Replacement

Blanche wrote:
But Mike, you had multiple people participating in the cost of the
430, and multiple people using it. Your share wasn't anywhere near
the $12K, was it? It really becomes an issue of cost-effectiveness.
For a group, it was very cost-effective. And as a "part" of the
group, it will definitely be easier for you to sell a share of
the costs than the entire chunk.

This is a big advantage of 3 or more people owing an aircraft - with
shared costs, you can do more. But for a single owner, that
$12K is a cost that can be overwhelming and serious consideration.


Absolutely!! The pain is certainly much less when split across
multiple people. But I don't think that changes the "numbers" any.
I (as a 20% partner) would only have to pay 20% of the cost of the
upgrade, but I also only recover 20% of the value when the plane (or my
share) is sold.
From an "emotional" viewpoint, spending say, $3500, instead of $14000
is certainly less intimating and perhaps an easier choice. Also, if the
$14000 was a difficult 'stretch' for the single owner, it might
preclude the consideration at all. Of course, anyone who owns a private
aircraft for/by themselves better be prepared for some significant
unexpected expenses...
As has been pointed out, there are many variables in this decision and
only the OP is in the position to make the decision that is appropriate
to his circumstances...
Mike

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