Buying an older airplane

Kai - Selling - After four years of ownig a 56 172 - I sold it in three days of
putting it on on www.barnstormers.com

Dude - If your not an owner - you are on the outside looking in. I had some of
your same thoughts before I bought my first plane. Once in ownership, and
seeing some of the ins and outs - good and bad - getting more versed in the
aircraft and maintenance issues - my thougths changed on some issues.

It's like the old saying - "If we have to explain it, you wouldn't underst

Larryskydives wrote:
Kai - Selling - After four years of ownig a 56 172 - I sold it in three days of
putting it on on www.barnstormers.com

Dude - If your not an owner - you are on the outside looking in. I had some of
your same thoughts before I bought my first plane. Once in ownership, and
seeing some of the ins and outs - good and bad - getting more versed in the
aircraft and maintenance issues - my thougths changed on some issues.

It's like the old saying - "If we have to explain it, you wouldn't underst

Hi Larry...

And my dad and I flew across state lines to see it... g

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We ended up with the C152 that we saw on the way back. Did you get your
new plane yet? I'm still shopping for something with 4 to 6 seats...

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.

"Larryskydives" wrote in message
...
Kai - Selling - After four years of ownig a 56 172 - I sold it in three
days of
putting it on on www.barnstormers.com

Dude - If your not an owner - you are on the outside looking in. I had
some of
your same thoughts before I bought my first plane. Once in ownership, and
seeing some of the ins and outs - good and bad - getting more versed in
the
aircraft and maintenance issues - my thougths changed on some issues.

It's like the old saying - "If we have to explain it, you wouldn't underst

Dude wrote:

I know what I am saying is counter to common wisdom, but the world is
getting ready to change.

No, it's not.


In 5 or 10 years, how many people are going to buy
a plane from the 60's to be flown 100 hours or more a year?

As many if not more than today.


The parts issue
starts to get less important to people buying a collectible as opposed to a
working plane. I believe the FAA may have an adverse affect on the older
working planes over the next few years. The cost of operation will be going
up. ( by working plane, I mean one that is bought by someone that places
more value on the flying part, than the owning part).

Baloney. The 50's thru the late 70's planes will always sell well
because that's when most of the planes were made. You will always have
less popular models such as the cheap Beech products but even they will
still sell. Models like the Cessna 140/170/172/180/182/185/205/206/210
can be easily sold today and will continue that way for the indefintite
future. Likewise with the Cherokee line.

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.

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.

And your evidence, feeling, or intuitive notions on why their will be no
change in the market is...?

Seriously, all you did was state that I was wrong. You didn't need all
those words for that.


"Newps" wrote in message
news:XZgbc.162460$Cb.1651398@attbi_s51...


Dude wrote:

I know what I am saying is counter to common wisdom, but the world is
getting ready to change.

No, it's not.


In 5 or 10 years, how many people are going to buy
a plane from the 60's to be flown 100 hours or more a year?

As many if not more than today.


The parts issue
starts to get less important to people buying a collectible as opposed
to a
working plane. I believe the FAA may have an adverse affect on the
older
working planes over the next few years. The cost of operation will be
going
up. ( by working plane, I mean one that is bought by someone that places
more value on the flying part, than the owning part).

Baloney. The 50's thru the late 70's planes will always sell well
because that's when most of the planes were made. You will always have
less popular models such as the cheap Beech products but even they will
still sell. Models like the Cessna 140/170/172/180/182/185/205/206/210
can be easily sold today and will continue that way for the indefintite
future. Likewise with the Cherokee line.

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.

Dave,

You make an excellent point. I always refused extended warranties because I
thought they were just over priced insurance. But I do buy insurance on my
home because I cannot afford the loss.

I can pay cash for a new HSI, but I don't necessarily want to take that kind
of hit.

Predictability is a big reason why I think an extended warranty would be
good for a new plane purchase. Also a good reason why I am seriously looking
at my next plane having a glass cockpit. The repair prices are much more
predictable than standard avionics.




"Dave Butler" wrote in message
...
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.

Dude wrote:

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

An extended warranty is an insurance policy that you have already paid
for. The company knows almost exactly how much profit is involved in an
extended warranty. Almost all of it.

New engines have problems.

We all have the same engines so that is a nonfactor.



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.

Every plane has its problems unique to itself.



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 have flown in and seen many new 182's. Don't want one. A new 206 I
would seriously consider. But it is a lot of money to spend to not get
much improvement.