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On Tue, 30 Oct 2007 23:32:37 -0000, in rec.aviation.owning, "Robert M. Gary"
wrote: I seriously doubt you will get the aircraft for below market price at an open auction. You may get it cheep, which may be exactly what it is worth. There really are no "great deals" on aircraft. Planes sell for what they are worth and no one is going to sell you a plane for less than the guy next to you is willing to pay for it. I know. There's an element of wishful thinking: it's possible, however unlikely, that everyone else at the auction could be cheaper and/or dumber than I am. Yes, very unlikely. Frankly I'm not exactly sure what a fair market value would be. I see CH2000s listed for around 60-70k, but I often hear that actual sale prices tend towards 70-80% of the asking price. It's also possible that these airplanes will sell below market, but still beyond my budget. I don't know. This is the first time I've really thought about actually buying an airplane (as opposed to thinking about buying one in theory), and it's my first airplane auction. There's sure to be a *lot* of education waiting for me there. -Scott |
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