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#1
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Are there any owners of DG-100 here who would be willing to discuss privately with me about what kind of pricing I should consider when bidding for used one? Kindly send me a private email if you do. Thanks
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#2
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On Friday, November 6, 2015 at 11:05:31 AM UTC-5, PAGA wrote:
Are there any owners of DG-100 here who would be willing to discuss privately with me about what kind of pricing I should consider when bidding for used one? Kindly send me a private email if you do. Thanks Just Wondering, what turned you off of the Pik? Was it the wet wings stories or the problem supporting major fiberglass repairs? I'm starting a similar search, so this thread has been very helpful. Chris |
#3
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On Friday, November 6, 2015 at 9:33:48 PM UTC-5, Christopher Giacomo wrote:
Just Wondering, what turned you off of the Pik? Was it the wet wings stories or the problem supporting major fiberglass repairs? I'm starting a similar search, so this thread has been very helpful. Chris I have not given up on the PIK, the one I was looking at near me is not visible yet because I asked he went through inspection before driving 5 hours to get there... What worries me about PIKs is the numbers of offerings : it seems that there are a lot offered for sale, here and there, for no good reason other than the sellers might know something we do not. Other than that I have heard good thing about that kind of ship, you have to be ready to use flaps a lot and not rely on spoilers much, some say it's a challenging glider to fly and have recommended to not let low hours pilots get on it too soon without proper briefing and training. Personally I have used flaps on power plane, so I like the idea of a fully flapped glider, even without spoilers, but I have no experience flying a PIK yet. |
#4
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The glider market is sophisticated. If there are a number of a certain model being offered at apparently low prices it is less likely that you'll sell it easily and get your money back. The best hope is to sell it to someone who doesn't realise that as a first glider - and so complete the cycle.
(Speaking as someone who bought a Diamant 18 as a first glass glider.) |
#5
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My take is that there are more pilots looking for their second ships.
First time buyers benefit from the low prices of the older ships which, while no match for the current crop of gliders, can still make a remarkable showing. After a year or two, you'll want something "better" (read newer), and you'll offer it for about what you paid for it or even a bit more! Let's say you buy a glider for $20K, fly it for 2 years/300 hours (if you're a wild man!), and sell it for $18K. You've flown much better performance than you could have rented and paid only about $7/hour plus whatever fixed costs you pay for storage, maintenance, and insurance. How's that for a deal? On 11/8/2015 5:01 AM, wrote: The glider market is sophisticated. If there are a number of a certain model being offered at apparently low prices it is less likely that you'll sell it easily and get your money back. The best hope is to sell it to someone who doesn't realise that as a first glider - and so complete the cycle. (Speaking as someone who bought a Diamant 18 as a first glass glider.) -- Dan, 5J |
#6
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Yes but I have found that some sellers think the price someone should pay is equal to "how much money they put in their [beloved] ship". While it's a good thing to know they loved their glider and probably took great care of it, hoping to recover 100% of the money you put in it is plain naive and ignoring depreciation and the fact that better gliders are now available at the price they paid for their ship 5 or 7 years ago. And the ship they bought 5 years ago is now 5 years older, probably has new ADs to comply with, some cables to change, a higher probability for some unexpected maintenance, etc... Also winter is coming, someone needs to pay for storage for a few months, at least here out East :-)
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#7
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You are correct about pricing, of course, but I wouldn't expect to see
many ADs or service bulletins for ships whose manufacturers are no longer around and I think a 30 year old glider is fully depreciated. Any decent shop should be able to make repair parts, if needed. Storage can be in your back yard (assuming you have one). I used to bring my glider into my walk-out basement over the winter to apply all the TLC that it deserved. Bottom line is that the price is what the market will bear regardless of what the seller paid unless it's really priced for quick sale. On 11/8/2015 8:28 PM, PAGA wrote: Yes but I have found that some sellers think the price someone should pay is equal to "how much money they put in their [beloved] ship". While it's a good thing to know they loved their glider and probably took great care of it, hoping to recover 100% of the money you put in it is plain naive and ignoring depreciation and the fact that better gliders are now available at the price they paid for their ship 5 or 7 years ago. And the ship they bought 5 years ago is now 5 years older, probably has new ADs to comply with, some cables to change, a higher probability for some unexpected maintenance, etc... Also winter is coming, someone needs to pay for storage for a few months, at least here out East :-) -- Dan, 5J |
#8
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On Saturday, 7 November 2015 04:33:48 UTC+2, Christopher Giacomo wrote:
On Friday, November 6, 2015 at 11:05:31 AM UTC-5, PAGA wrote: Are there any owners of DG-100 here who would be willing to discuss privately with me about what kind of pricing I should consider when bidding for used one? Kindly send me a private email if you do. Thanks Just Wondering, what turned you off of the Pik? Was it the wet wings stories or the problem supporting major fiberglass repairs? I'm starting a similar search, so this thread has been very helpful. Chris If "major fiberglass repair" means that you need to borrow moulds from factory, I bet you are out of luck with any of these gliders. Price of these is so low that insurance companies won't pay for major repairs. Even broken tail resulting from ground loop can be more expensive to repair than insured hull value. And why repair when you can buy similar glider in one piece from used market? All these gliders mentioned have simple GRP structure, minor damage is easily repaired. |
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