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AOPA Cardinal tax value?



 
 
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  #1  
Old November 24th 07, 12:15 AM posted to rec.aviation.piloting
Ted[_2_]
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Posts: 40
Default AOPA Cardinal tax value?

And anyone that has taken a look-see at the AOPA Cardinal will realize that
THIS Cardinal is no-doubt THE FINEST!! IMHO


"Kyle Boatright" wrote in message
...

"Mike Noel" wrote in message
. ..
Any idea what the tax value will be on the AOPA Cardinal? The latest
AOPA mag claims about 350K has been invested by various suppliers in the
plane. If the tax man thinks it is worth 350K, wouldn't someone need to
shell out nearly 100K in taxes to claim it?

--
Best Regards,
Mike

http://photoshow.comcast.net/mikenoel


While the aircraft is certainly spruced up, the "investment" on the part
of most of the suppliers is essentially in an advertising expense which
gets their shop's or product's name in the magazine repeatedly.

Win the airplane and you'll get taxed on a basis which is equivalent to or
slightly above the price of the nicest Cardinal(s) currently trading
hands.

My guess is that the world's nicest Cardinal is worth $100k - $125k, which
probably means taxes of between $30k and $40k. Not a bad price to pay for
a very nice airplane.

KB



  #2  
Old November 24th 07, 12:26 PM posted to rec.aviation.piloting
B A R R Y
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Posts: 517
Default AOPA Cardinal tax value?

On Fri, 23 Nov 2007 16:15:03 -0800, "Ted" TBBlakeley@comcastDOTnet
wrote:

And anyone that has taken a look-see at the AOPA Cardinal will realize that
THIS Cardinal is no-doubt THE FINEST!! IMHO


I saw and sat in it in Hartford, and I'd have to agree.
  #3  
Old November 25th 07, 02:26 AM posted to rec.aviation.piloting
Dan Luke[_2_]
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Posts: 713
Default AOPA Cardinal tax value?


"Kyle Boatright" wrote:

My guess is that the world's nicest Cardinal is worth $100k - $125k,


I bet it would sell for the high end of that, maybe a bit more because of the
advertising it's gotten during the refurb. process.

Anybody know what any previous AOPA sweepstakes airplanes have sold for?

--
Dan
T-182T at BFM


  #4  
Old November 23rd 07, 06:31 PM posted to rec.aviation.piloting
Dallas
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Posts: 541
Default AOPA Cardinal tax value?

On Thu, 22 Nov 2007 11:26:04 -0700, Mike Noel wrote:

The latest AOPA mag claims about 350K has been invested


I applaud AOPA's effort to restore old aircraft and all that, but
considering that the base price of a new SR22 is $371,200, does it really
make sense to plow $350,000 into an old airframe?


--
Dallas
  #5  
Old November 23rd 07, 07:06 PM posted to rec.aviation.piloting
Vaughn Simon
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Default AOPA Cardinal tax value?


"Dallas" wrote in message
. ..

I applaud AOPA's effort to restore old aircraft and all that, but
considering that the base price of a new SR22 is $371,200, does it really
make sense to plow $350,000 into an old airframe?


I seems to work for AOPA and that is all that really matters isn't it? It is
good advertising for the companies who donate materials and services, and AOPA
apparently makes enough on the raffle sales to make it worth their while. As a
nice little plus, they get some fair magazine articles out of the deal.

Would it make sense for YOU to plow $350,00 into that same airframe? Of
course not!

Vaughn


  #6  
Old November 24th 07, 12:16 AM posted to rec.aviation.piloting
Ted[_2_]
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Posts: 40
Default AOPA Cardinal tax value?

Raffle?? What Raffle??


"Vaughn Simon" wrote in message
...

"Dallas" wrote in message
. ..

I applaud AOPA's effort to restore old aircraft and all that, but
considering that the base price of a new SR22 is $371,200, does it really
make sense to plow $350,000 into an old airframe?


I seems to work for AOPA and that is all that really matters isn't it?
It is good advertising for the companies who donate materials and
services, and AOPA apparently makes enough on the raffle sales to make it
worth their while. As a nice little plus, they get some fair magazine
articles out of the deal.

Would it make sense for YOU to plow $350,00 into that same airframe?
Of course not!

Vaughn




  #7  
Old November 23rd 07, 07:52 PM posted to rec.aviation.piloting
Bob Noel
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Default AOPA Cardinal tax value?

In article ,
Dallas wrote:

On Thu, 22 Nov 2007 11:26:04 -0700, Mike Noel wrote:

The latest AOPA mag claims about 350K has been invested


I applaud AOPA's effort to restore old aircraft and all that, but
considering that the base price of a new SR22 is $371,200, does it really
make sense to plow $350,000 into an old airframe?


Probably not, but I'd rather have an old cardinal than a new SR22.
I really don't like the sidestick.

--
Bob Noel
(goodness, please trim replies!!!)

  #8  
Old November 26th 07, 02:39 PM posted to rec.aviation.piloting
Gig 601XL Builder
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Posts: 2,317
Default AOPA Cardinal tax value?

Dallas wrote:
On Thu, 22 Nov 2007 11:26:04 -0700, Mike Noel wrote:

The latest AOPA mag claims about 350K has been invested


I applaud AOPA's effort to restore old aircraft and all that, but
considering that the base price of a new SR22 is $371,200, does it
really make sense to plow $350,000 into an old airframe?


Unless Cirus is going to give them a sub cost price yes it does. A lot of
that stuff is given to AOPA and/or provided at reduced cost.


  #9  
Old November 23rd 07, 07:06 PM posted to rec.aviation.piloting
[email protected]
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Posts: 130
Default AOPA Cardinal tax value?

http://www.aopa.org/sweeps/officialrules.html
WHAT CAN I WIN? One (1) Grand Prize. One (1) Grand Prize winner will receive
a restored Cessna Cardinal 177B Aircraft. Winner does not have choice of any
options, exterior or interior colors. Approximate retail value ("ARV"):
$105,000.
 




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