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#1
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Cirrus SR22 Purchase advice needed.
I'm thinking of purchasing a Cirrus SR22, I seen it at Sun'n Fun (although I
have seen it before) and now I can not stop thinking about it. I certainly can not afford to purchase one outright, but have a few people at my local FBO that would be interested in partnering.. I would like to get others ideas in regards to if I should do a lease-back at my local FBO, or take on 4 to 9 other partners.. I will be going to the Rochester fly in next month (http://www.rochesterwings.com) and hope to solidify a deal with Cirrus.. Dennis N3868J MyAirplane.com |
#2
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"Dennis" wrote in message ... I'm thinking of purchasing a Cirrus SR22, I seen it at Sun'n Fun (although I have seen it before) and now I can not stop thinking about it. ... I would like to get others ideas in regards to if I should do a lease-back at my local FBO, or take on 4 to 9 other partners.. Go with the partners, the aircraft will be better cared for and you have much less financial uncertainty than with leaseback. Leaseback is usually a losing deal unless your financial situation is such that you can make good use of a huge tax write-off; even then... Vaughn |
#3
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I personally would not buy one of these airplanes until:
1) The airframe life limit of 4,030 hours is rescinded or at least tripled; and 2) They find out why these planes are falling out of the sky with such regularity and do something about it. If this behavior keeps up, the FAA is likely to ground the entire fleet; and 3) Something is done about the atrocious quality control problems that Cirrus has been having. |
#4
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Holy crap! I guess I should have done some more research first...
I really, really, really like the performance spec's and looks of the Currus.. My wife read your comment and now she's put off on the idea... Gonna have to find something else now before she but the breaks on a new plane purchase.. Dennis N3868J MyAirplane.com "C J Campbell" wrote in message ... I personally would not buy one of these airplanes until: 1) The airframe life limit of 4,030 hours is rescinded or at least tripled; and 2) They find out why these planes are falling out of the sky with such regularity and do something about it. If this behavior keeps up, the FAA is likely to ground the entire fleet; and 3) Something is done about the atrocious quality control problems that Cirrus has been having. |
#5
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Yea.. its usually a good idea to see whats going on before seriously
considering a purchase. There have been a spate of accidents involving the aircraft (percentage wise, since there arent as many out there). Only a few have had successful parachute deployments. People (as in newsgroup members) have speculated that people with more money than ability are buying this slick, high performance plane with little experience in something similar. Its also speculated that pilots may be engaging in riskier behaviors (using the presence of the BRS chute as a crutch) than they otherwise would. The Cirrus looks nice, and it sure is fast. However, I was kinda wondering about you not being able to afford it without being in a large partnership. I read into it that you would be in a position to cover about 1/4th to 1/9th of the costs - I'm hoping you took into account hangar, annuals, INSURANCE (Insurance on such a large group tends to get the "Club/School rate", and with the relative accident rate as high as it is, it might be pricey for inexerienced fliers). If you want to try something that isnt TOO old and has "decent" numbers look at the used Grumman tigers. 140 kts on 180 hp isnt half shabby, and it can carry a decent load (2+bags+ over 4 hours of fuel). You might be able to get that alone, or with ONE partner, which simplifies things a lot. Good Luck.. Dave Dennis wrote: Holy crap! I guess I should have done some more research first... I really, really, really like the performance spec's and looks of the Currus.. My wife read your comment and now she's put off on the idea... Gonna have to find something else now before she but the breaks on a new plane purchase.. Dennis N3868J MyAirplane.com "C J Campbell" wrote in message ... I personally would not buy one of these airplanes until: 1) The airframe life limit of 4,030 hours is rescinded or at least tripled; and 2) They find out why these planes are falling out of the sky with such regularity and do something about it. If this behavior keeps up, the FAA is likely to ground the entire fleet; and 3) Something is done about the atrocious quality control problems that Cirrus has been having. |
#6
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Dennis wrote:
I would like to get others ideas in regards to if I should do a lease-back at my local FBO, or take on 4 to 9 other partners.. I will be going to the Rochester fly in next month (http://www.rochesterwings.com) and hope to solidify a deal with Cirrus.. Dennis, no comment on the Cirrus, but I want to mention that I am planning on attending the Rochester Wings event, too (barring weather, maintenance, or health issues). See you there. -- Peter |
#7
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On Sat, 24 Apr 2004 22:34:34 -0400, Peter R.
wrote: Dennis wrote: I would like to get others ideas in regards to if I should do a lease-back at my local FBO, or take on 4 to 9 other partners.. I will be going to the Rochester fly in next month (http://www.rochesterwings.com) and hope to solidify a deal with Cirrus.. Dennis, no comment on the Cirrus, but I want to mention that I am planning on attending the Rochester Wings event, too (barring weather, maintenance, or health issues). See you there. My $.02: First time: find an existing club/partnership. Rarely does single ownership work -- the plane doesn't fly enough. Easier to find an existing arrangement to buy into than to create one. You probably won't get the exact kind of plane you think you want, but the experience will be educational. Don |
#8
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If you want to do a leaseback, go with a Diamond. It is the only modern
design that can come close to covering costs. The insurance on the higher performance planes is outlandish. Also, some 141 schools are so hot to get the G1000's they will give you a favorable deal. On the other hand, if you have to have something incredibly fast, go with the Lancair. It has a much better wing design, and will no doubt prove to be a much safer plane than Cirrus. I doubt a leaseback will work with this, so you will need partners. Partnerships are like marriages - choose carefully, have a prenup. Latest news on Cirrus is the problems with the Continental Engines - a COPA member wrote me that they are seeing engines need rebuilds or major work at only 700 hours. Something to do with the Cirrus engine controls not allowing the pilot to manage the engine well. "Dennis" wrote in message ... I'm thinking of purchasing a Cirrus SR22, I seen it at Sun'n Fun (although I have seen it before) and now I can not stop thinking about it. I certainly can not afford to purchase one outright, but have a few people at my local FBO that would be interested in partnering.. I would like to get others ideas in regards to if I should do a lease-back at my local FBO, or take on 4 to 9 other partners.. I will be going to the Rochester fly in next month (http://www.rochesterwings.com) and hope to solidify a deal with Cirrus.. Dennis N3868J MyAirplane.com |
#9
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Dennis
the SR22 is fast compared to other planes with smaller engines, but compare it to a plane with the same 310 HP engine, I dont think you will see much speed difference. what other planes out there have a 310 HP engine? Dennis wrote: Holy crap! I guess I should have done some more research first... I really, really, really like the performance spec's and looks of the Currus.. My wife read your comment and now she's put off on the idea... Gonna have to find something else now before she but the breaks on a new plane purchase.. Dennis N3868J MyAirplane.com "C J Campbell" wrote in message ... I personally would not buy one of these airplanes until: 1) The airframe life limit of 4,030 hours is rescinded or at least tripled; and 2) They find out why these planes are falling out of the sky with such regularity and do something about it. If this behavior keeps up, the FAA is likely to ground the entire fleet; and 3) Something is done about the atrocious quality control problems that Cirrus has been having. |
#10
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C,
They find out why these planes are falling out of the sky with such regularity Well, I sure hope I never again see you complain here about sensationalistic reporting on aviation accidents. Jeeze! -- Thomas Borchert (EDDH) |
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