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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 12 Mar 2023, 20:43 
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Username Protected wrote:
Oh, I remember, that was the wind before the storm. We did do one King Air that year without a prebuy, it was a special circumstance and made sense, right Jim :)

To be fair - we sort of STARTED a prebuy.

Luckiest bad decision I ever made.

On the old piston planes I buy (and I think Mike's V falls in the same category) - I'm with him on saying the right buyer can skip the prebuy. You need to find the things that might turn the plane into beer cans, and everything else you live with as part of the cost of owning an old plane. You adjust your offer accordingly, and most sellers will give an oversized discount for the relief of not having a full prebuy hanging over their heads.

On a plane that's near new, or being marketed as "top of the line" - I'd do the prebuy and hammer the seller on every last thing found. Don't tell me it's perfect if it's not (and no plane is.)


We did end up getting a discount on the airplane that exceeded what the bill would have been for a full pre-purchase, the beauty of a King Air is that they are very predictable. I can go through the logbooks and have a very good idea of what the list will look like. It's much harder to speculate on a Citation.

We seem to do about one older King Air per year, last year it was a 1981 F90... we took it to Stevens, my client paid $20k or so for the prebuy and the seller's bill was $75k, not including the radar that we agreed to eat, the seller was pretty upset, especially at the shop that had been maintaining it.

Last edited on 12 Mar 2023, 20:51, edited 1 time in total.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 12 Mar 2023, 20:46 
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Joined: 11/30/12
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Username Protected wrote:
I'll put any deal my clients have made against yours.

I just got back and haven't read the whole mess, but I'll say that I used Chip's services and saved far more than the cost of his services. Not only did he save me more than his fee on the final negotiated price, the major savings came from NOT buying a few planes I would have bought on my own that would not have turned out as well.

I would rate myself as a fairly experienced buyer and seller of things other than turbine aircraft.


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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 12 Mar 2023, 21:52 
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Username Protected wrote:
So much of what you said is both untrue and not relevant to what I do that I'm not even going to respond.

My role is to explain things, not defend "big gold plated shops"

You do you dude.


Your role? Your role is self promotion, nothing wrong with that as a BT sponsor- but you just defended big shop logic a few post back, enumerating your points

But so many of my statements are untrue and irrelevant- heck I own an airplane but I’ll still listen to a guy who doesn’t


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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 12 Mar 2023, 23:03 
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Username Protected wrote:
So much of what you said is both untrue and not relevant to what I do that I'm not even going to respond.

My role is to explain things, not defend "big gold plated shops"

You do you dude.


Your role? Your role is self promotion, nothing wrong with that as a BT sponsor- but you just defended big shop logic a few post back, enumerating your points

But so many of my statements are untrue and irrelevant- heck I own an airplane but I’ll still listen to a guy who doesn’t


No, my role is to protect people who buy airplanes, it’s something I’m passionate about and it goes beyond helping our clients, I spend time every week answering questions and giving advice, with no expectation that the person hire me. I even answered questions for you, you might recall.

Mike called me as well before he bought the V.

I’ve got no issue with either of you. Mike doesn’t like that I challenge his position as resident expert and you don’t like Stevens and have associated me with them.

That’s about it.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 00:06 
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Joined: 12/03/14
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Company: Ciholas, Inc
Location: KEHR
Aircraft: C560V
Username Protected wrote:
No, my role is to protect people who buy airplanes

By sending them to Stevens? Hmm.

My role is to spread information that is useful to others. I don't make any money from this and I put a lot of time into it. I have no revenue stream I need to protect or hype.

I get a lot of joy when I can provide some guidance to somebody having a problem and it helps them solve it. Some people do Sudoku puzzles for fun, I do airplane squawks. The best ones are when I can provide an answer that saves someone a ton of money, or end an issue that has plagued them for years.

Mike C.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 00:55 
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Chip

I think it’s hard for you to understand Mike’s perspective because it goes against your business model.

You guys are at opposite sides of the spectrum. A long conversation on here is not going to bridge that gap. Haha

Guys like Mike and I are trying to get the best value. That’s not your business model. You are not selling to guys like Mike and I.

Edit- to be clear I didn’t read all the back and forth. Just too long.

Mike


Last edited on 13 Mar 2023, 00:59, edited 1 time in total.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 09:20 
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Username Protected wrote:
Chip

I think it’s hard for you to understand Mike’s perspective because it goes against your business model.

You guys are at opposite sides of the spectrum. A long conversation on here is not going to bridge that gap. Haha

Guys like Mike and I are trying to get the best value. That’s not your business model. You are not selling to guys like Mike and I.

Edit- to be clear I didn’t read all the back and forth. Just too long.

Mike


You still managed to hit it on the head pretty good…


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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 09:35 
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Username Protected wrote:
Chip

I think it’s hard for you to understand Mike’s perspective because it goes against your business model.

You guys are at opposite sides of the spectrum. A long conversation on here is not going to bridge that gap. Haha

Guys like Mike and I are trying to get the best value. That’s not your business model. You are not selling to guys like Mike and I.

Edit- to be clear I didn’t read all the back and forth. Just too long.

Mike


Actually it doesn't go against my business model, Mike can make all the stink he wants, but all we're doing is finding off market airplanes for people like you and him.

And I do understand where Mike is coming from, when I sold airplanes for a dealer, we sold with the same mentality. So, I get it... I just think there's a better way.

No, we wouldn't have taken Mike on as a client, our values don't align and we wouldn't work well together.

If someone post something he disagrees with he addresses it, I do the same. I think your point is that there's no right or wrong, just different perspectives. That is very true.


Last edited on 13 Mar 2023, 09:40, edited 2 times in total.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 09:38 
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Joined: 05/23/13
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Username Protected wrote:
No, my role is to protect people who buy airplanes

By sending them to Stevens? Hmm.

My role is to spread information that is useful to others. I don't make any money from this and I put a lot of time into it. I have no revenue stream I need to protect or hype.

I get a lot of joy when I can provide some guidance to somebody having a problem and it helps them solve it. Some people do Sudoku puzzles for fun, I do airplane squawks. The best ones are when I can provide an answer that saves someone a ton of money, or end an issue that has plagued them for years.

Mike C.


We use a lot of different maintenance shops, Stevens only has a crack at our King Airs and Citations, we used Textron as much or more than Stevens last year on those models. It just depends on what type of airplanes we are working on.

We also do TBM's, Pilatus, Embraer, Bombardier... none of those airplanes go to Stevens.

Stevens is a good vendor, one of many that we have relationships with.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 10:47 
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Aircraft: C560V
To boil it down, potential jet owners need to know that you don't have to pay a bunch of overpriced experts and shops to get and fly a jet. You can do that if you want, to buy yourself some aura of sophistication, elitism, and luxury. In the end, they are just airplanes and respond extremely well to an involved owner if you want to own one for a lot less than the experts say.

Imagine what it would cost to own a 172 if you had to hire an expert to help you buy one and only maintained it at a factory service center. That describes some jet owner culture and those guys think that is all there is. But that's not true and you can own a jet for a lot less.

When people ask "what does it cost to fly a Citation?", you really can't answer that question without understanding how the owner is going to manage the plane. In Chip's world, it will be very expensive. In my world, it will not be. It really isn't that hard to do what I do, there is lots of community support out there.

Mike C.

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 14:26 
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Something that I think Chip mentioned, but has been lost in all the back and forth is, these "gold plated, big name" shops are exactly that, not only for their knowledge, but also for their liability coverage. How many "XYZ Small Shops" do you know that carry liability coverage in the tens of millions of dollars?

Quick example.....big shop, Hawker 850XP, had TWO issues. Punctured the pressure vessel with a drill(fairly easy patch job with TXT Engineering involvement), AND a punctured wing, top and bottom, when a pulley fell from the ceiling. That resulted in a new wing ASSEMBLY.

How many "XYZ Small Shops" would be able to make you whole with those issues?

That is what Chips clientele are paying for when they go to the shops he suggests.

Don't get me wrong......if I'm ever fortunate enough to have my own airplane, rather than flying OPP's, you can bet I'll be all up in the maintenance business, just like Mike. However, my risk of loss due to shop issues will be much smaller......since it won't be a 'jet elite'!!!!! :D

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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 14:33 
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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 14:43 
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Username Protected wrote:
How many "XYZ Small Shops" would be able to make you whole with those issues?

That is what Chips clientele are paying for when they go to the shops he suggests.


So then what are they paying their insurance company for? To me, if those scenarios happen, that's between my insurance company and whoever they want to subrogate against

Perhaps you could stretch your argument to cover loss of use, but that can be between an airplane owner and their respective insurer as well

How many customers ask their shop for a copy of their insurance coverages and policy limits? It's an interesting argument


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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 14:52 
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 Post subject: Re: Talk me into / out of a Meridian
PostPosted: 13 Mar 2023, 15:04 
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Username Protected wrote:
How many "XYZ Small Shops" would be able to make you whole with those issues?

That is what Chips clientele are paying for when they go to the shops he suggests.


So then what are they paying their insurance company for? To me, if those scenarios happen, that's between my insurance company and whoever they want to subrogate against

Perhaps you could stretch your argument to cover loss of use, but that can be between an airplane owner and their respective insurer as well

How many customers ask their shop for a copy of their insurance coverages and policy limits? It's an interesting argument


I'd rather my shop tell me, "Don't worry, we're covered", than have to jack around with my own insurance, personally.

And we dealt with people asking for our liability limits all the time, from high worth individuals to Fortune 100 companies.
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