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#12
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If GA is down, why aren't used aircraft prices?
"Dallas" wrote in message ...
If the number of private pilots is down from 299,000 to 236,000, why are prices for used aircraft maintaining and even out pacing inflation? Mind you, this is a completely subjective observation on my part, but it does seem accurate. Wow, where are you looking?? Put down the CoolAid and check the Vref teaser ad in ASO. Look at the value charts for normal and complex singles. If you have a plane in the market, get an air sick bag first. http://www.aso.com/i.aso3/staticcont...x_light_single http://www.aso.com/i.aso3/staticcont...complex_single And don't even look at the twins, which appear to be dropping faster than single engine ops below Vmc. There is a great lag in asking prices anytime the market switches to the buyers side. We are "all in" emotionally deep when it comes to aircraft ownership. And with the perfect storm coming, ... well, ... nevermind (walks away, head down, mumbling to self). |
#13
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If GA is down, why aren't used aircraft prices?
"Dallas" wrote in message ... If the number of private pilots is down from 299,000 to 236,000, why are prices for used aircraft maintaining and even out pacing inflation? Economics 101, first day of class - price is determined by supply and demand. Yet I've noticed over the past couple of years the average price for a late '70's Cessna 172 has floated up from $59,000 to $66,000. Cessna 150s have gone from $22,000 to $26,000. Mind you, this is a completely subjective observation on my part, but it does seem accurate. -- Dallas Have you looked at the cost of a new single? Ummm cost more than your average home! Now say if a new Cessna 172 was 50K imagine what that would do the price of used aircraft. We live in a Litigious Society! If it was not for the attorneys and the insurance co's Aviation, Aircraft, & Avionics would be affordable. |
#14
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If GA is down, why aren't used aircraft prices?
"Jay Honeck" wrote in message ups.com... I have a chunk of vacant land that has increased to at least 5X its original value over the last 20 years I have owned it. That sounds great right? Wrong! When you consider the taxes I have been paying, the interest on the original investment, the transaction costs and the continuing cost of capital, it is a fool's investment. Yes, but your children will enjoy the profits when they sell to McDonalds... ;-) -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" Jay, I would return from the grave and retroactively abort my child if they did that. |
#15
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If GA is down, why aren't used aircraft prices?
Wow, where are you looking?? Put down the CoolAid and check the Vref teaser
ad in ASO. Look at the value charts for normal and complex singles. If you have a plane in the market, get an air sick bag first. http://www.aso.com/i.aso3/staticcont...x_light_single http://www.aso.com/i.aso3/staticcont...complex_single I hate when people use the lower part of the price as "Zero." It artificially makes it looks worse. Ron Lee |
#16
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If GA is down, why aren't used aircraft prices?
"NW_Pilot" wrote in message . .. "Dallas" wrote in message ... [snip] Have you looked at the cost of a new single? Ummm cost more than your average home! Now say if a new Cessna 172 was 50K imagine what that would do the price of used aircraft. We live in a Litigious Society! If it was not for the attorneys and the insurance co's Aviation, Aircraft, & Avionics would be affordable. At the most afforable grass strip I've flown out of. the owner says up front he has no insurance. You hurt it you pay for it. His theory is that lawyers go after the deep pockets. His pocket doesn't have 2 dollars. Every thing in his business except for his one airplane in leased. Riskey But he's been around for years. |
#17
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If GA is down, why aren't used aircraft prices?
"john hawkins" wrote in message . net... "NW_Pilot" wrote in message . .. "Dallas" wrote in message ... [snip] Have you looked at the cost of a new single? Ummm cost more than your average home! Now say if a new Cessna 172 was 50K imagine what that would do the price of used aircraft. We live in a Litigious Society! If it was not for the attorneys and the insurance co's Aviation, Aircraft, & Avionics would be affordable. At the most afforable grass strip I've flown out of. the owner says up front he has no insurance. You hurt it you pay for it. His theory is that lawyers go after the deep pockets. His pocket doesn't have 2 dollars. Every thing in his business except for his one airplane in leased. Riskey But he's been around for years. Yea, But first thing the leaches of society will go after is your home! Aviation insurance on the plane is not that bad. It's for the manfactures and sales and commercial movement of aircraft that is a nightmare. I called for a Policy for my business $28,000 a year was the quote! With an income of 54k a year no friken way I go as named operator or run under their open pilot warranty. And like most every other ferry pilot most the time zero insurance when crossing the pond 12k for insurance for the crossing. Yea I know if there is a inciodent ither then somthing minor it's a total loss to them. Cessna 150 U.S. to Peru liability only was about $1,600 USD terminated upon parking at destination or 30 days. Clients insurance for the plane was about $4,000 a year ouch! Mexico is cheap for liability about $130. I can immagin how much insurance Cessna, Beech, Piper Etc. have to carry to preven another mid 1980's Civil Suit Hit! Just becuse Cessna, Beech, Piper Etc Cessna made it don't mean you can blame them for it. The faa regs also have somthign to do with keeping aviation expensive by over regulating parts manfacture etc. There are some A&P/IA's out there that I would not trust to work on my lawn mower! Like I really need $40,000 in hotel allowance on my homeowners policy and that's the Min!!!! I told them I don't want it they told me it's there! Min $80,000 for household items Well I can replace most every thing in my home I need for less then 30K (I Live Simple) Important jewelrey papers etc stays in the bank for $22.00 a year in a locked box. Also M.D. need to be a bit more regulated more in their overbilling/insurance billing practices. If i go in for a Cut finger that needs a stitch or 2 I don't need a full phicial exam and x-rays (yea I know they are doing it to protect them form a law suit) Then you get a bill room useage 8 hours, doctor 3 hours $x,xxx when you were there for only 2 hours? whats this Light/Electric Charges? And What is this charge and that charge the only reason why they do that is ins co's pay with out question. If the laws limited on what one can wage a law suit attack for then this would be a far more responcible country with low cost consumer goods and medical care. |
#18
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If GA is down, why aren't used aircraft prices?
My Apache is worth less than half of what I have put into it
considering the initial cost, the upgrades, the AD's I have retired by applying copious greenbacks, etc... Still, I have my personal airplane (albeit old and tired) that is reliable and available 24/7 without having to schedule time, etc... Owning an airplane is a fools game, but so is a boat, jet ski, dirt bike, yadda, yadda, yadda... Those of us who own and may consider selling our used airplane see that we will only get a part of what we have spent ... Those who are looking to buy from scratch see it that used airplanes are expensive (always have been, always will be)... Depends on your point of view... denny |
#19
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If GA is down, why aren't used aircraft prices?
Dallas wrote:
If the number of private pilots is down from 299,000 to 236,000, why are prices for used aircraft maintaining and even out pacing inflation? Economics 101, first day of class - price is determined by supply and demand. Yet I've noticed over the past couple of years the average price for a late '70's Cessna 172 has floated up from $59,000 to $66,000. Cessna 150s have gone from $22,000 to $26,000. Mind you, this is a completely subjective observation on my part, but it does seem accurate. What is your data source? I've been watching Skylane prices for the last year or so as I'm toying with ownership again and I've seen probably a 10% drop in prices in TAP over this time-frame. Matt |
#20
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If GA is down, why aren't used aircraft prices?
"Matt Whiting" wrote: Mind you, this is a completely subjective observation on my part, but it does seem accurate. What is your data source? I've been watching Skylane prices for the last year or so as I'm toying with ownership again and I've seen probably a 10% drop in prices in TAP over this time-frame. Yep. Aviation Consumer just ran an article showing prices of most light GA aircraft have declined since 2000. Just try selling a 20+ -year old airplane these days; you'll find it tough. If I hadn't luckily met just the right buyer on a ramp in Mississippi, I'd probably still be trying to sell my 1984 172RG. -- Dan T-182T at BFM |
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