Buying an older airplane

Newps wrote:


Dude wrote:

Larry,

gratz on selling your older plane. why did you sell it?

Yes, I own a plane, and ownership has changed some of my thoughts as
well.
Getting maintenance paid for under warranty made me think that an
extended
waranty would be a good idea. I never buy extended warranties on
anything,
but a plane purchase changed my outlook.


That's ridiculous and shows how little you have learned to date. A
warranty on a new plane won't save you any money as nothing breaks in
the first few years and the warranty cost is figured into the cost of
the plane. I have a 67 182 and would consider selling it for an older
182 or a 206. Older 182's have more performance than newer ones and of
course a 206 can't be beat.

He never said he would save money. Maybe he just likes to have predictable costs.

Dave
Remove SHIRT to reply directly.

Curious how you insult my learning ability when you haven't even figured out
what an extended warranty is for.

Also, how many new planes have you owned? Have you even talked to a new
plane owner? Have you ever even had a new engine? New planes come with new
engines. New engines have problems.

Maybe you should try looking at the Cirrus owners group. They have a free
area where they used to talk about their troubles, but now they hide most of
the bad news in the members only section. I am not a member, but apparently
the discussions are a bit scary.

Maybe you should talk to some new 182 owners that had to have extensive work
done on their planes which were not manufactured to spec. All the new
planes have bugaboos. That's life.

I believe we all benefit from speaking freely in this forum, but if you are
going to be so condescending in tone, perhaps you should show some
restraint. After all, only the future will tell which one of us is right
about the changes in the market, so it would be foolish to tell the other
guy he is absolutely wrong.

I admit that I may be wrong, but I give reasons for my outlook. You on the
other hand are completely confident without stating any reasons whatsoever
except having the notion that history will never change.



"Newps" wrote in message
news:P1hbc.165653$po.973812@attbi_s52...


Dude wrote:

Larry,

gratz on selling your older plane. why did you sell it?

Yes, I own a plane, and ownership has changed some of my thoughts as
well.
Getting maintenance paid for under warranty made me think that an
extended
waranty would be a good idea. I never buy extended warranties on
anything,
but a plane purchase changed my outlook.

That's ridiculous and shows how little you have learned to date. A
warranty on a new plane won't save you any money as nothing breaks in
the first few years and the warranty cost is figured into the cost of
the plane. I have a 67 182 and would consider selling it for an older
182 or a 206. Older 182's have more performance than newer ones and of
course a 206 can't be beat.

Dude,

I sold it to upgrade - I bought a Piper Arrow. Faster and instument certified.
I am now working on my instrument rating.

The 172 was a great time builder and did a good job. It wasn't a maintenance
nightmare, just real reliable.

I have a very clean 69 Arrow with 2200 hours, though some gear
collapse history. I recently considered whether to upgrade the Arrow
with STEC 30 and stormscope or purchase a new Cirrus and decided to
upgrade the Arrow.

A well equipped Cirrus will run around $350K. Interest alone on this
is over $2K per month. 10% depreciation runs another $3K per month.
Although it's faster than the Arrow, it accomplishes this with a fuel
burn that's 50% greater and an engine that won't run any better (most
PA28R users can run the Lyc IO360 LOP without GAMIs).

My maintenance bills are high since there are always things to do, but
the Arrow is still the better buy, which is why there will be a market
for a long time.