19 Apr 2024, 16:55 [ UTC - 5; DST ]
|
| Username Protected |
Message |
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019  Posted: 13 Mar 2019, 00:58 |
|
 |
|
|
 |
Joined: 03/23/08
Posts: 6945
Post Likes: +3605
Company: AssuredPartners Aerospace Phx.
Location: KDVT, 46U
Aircraft: IAR823, LrJet, 240Z
|
|
Attachment: 75E535BE-9CA4-429F-9522-5E8B59810C3B.jpeg I’m going to bed now. This thread is a trap haha
Please login or Register for a free account via the link in the red bar above to download files.
_________________
Tom Johnson-Az/Wy
AssuredPartners Aerospace Insurance
Tj.Johnson@AssuredPartners.com
C: 602-628-2701
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 15 Mar 2019, 14:32 |
|
|
|
|
Joined: 06/10/16
Posts: 359
Post Likes: +135
Location: KCVO
Aircraft: M20K/262
|
|
|
That Riley has been Priced for Fast Sale for quite a while......
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 15 Mar 2019, 15:36 |
|
|
|
|
Joined: 12/09/07
Posts: 17009
Post Likes: +12435
Location: Cascade, ID (U70)
Aircraft: C182
|
|
Username Protected wrote: That Riley has been Priced for Fast Sale for quite a while...... It needs to be repriced for a faster sale.  Truth is, a lot of planes on the market have ZERO value. Not one cent, unless it's for scrap or salvage. Typical plane that has been sitting on the ramp for 10 years. Engine(s) worth zero. Prop(s) worth zero. Radios worth zero. Airframe ... might be a reason to get it for parts. So, a plane that's listed for ... say ... $45,000, might have market value of $5,000. It will sit until the airport has it condemned and hauled to the dump.
_________________
"Great photo! You must have a really good camera."
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 15 Mar 2019, 17:33 |
|
|
|
|
 |
Joined: 08/15/11
Posts: 2395
Post Likes: +1059
Location: Mandan, ND
Aircraft: V35
|
|
Username Protected wrote: That Riley has been Priced for Fast Sale for quite a while...... It needs to be repriced for a faster sale. Truth is, a lot of planes on the market have ZERO value. Not one cent, unless it's for scrap or salvage. Typical plane that has been sitting on the ramp for 10 years. Engine(s) worth zero. Prop(s) worth zero. Radios worth zero. Airframe ... might be a reason to get it for parts. So, a plane that's listed for ... say ... $45,000, might have market value of $5,000. It will sit until the airport has it condemned and hauled to the dump.
Yep...unfortunately I have to agree.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 06:15 |
|
|
|
|
Joined: 05/14/11
Posts: 831
Post Likes: +577
|
|
Username Protected wrote: That Riley has been Priced for Fast Sale for quite a while...... It needs to be repriced for a faster sale. Truth is, a lot of planes on the market have ZERO value. Not one cent, unless it's for scrap or salvage. Typical plane that has been sitting on the ramp for 10 years. Engine(s) worth zero. Prop(s) worth zero. Radios worth zero. Airframe ... might be a reason to get it for parts. So, a plane that's listed for ... say ... $45,000, might have market value of $5,000. It will sit until the airport has it condemned and hauled to the dump.
You bloody nailed it, Tom.  Why people don't let planes go to an excited new owner for what they're REALLY worth (the highest someone is willing to pay), instead of letting them rot into their tiedown ~ becoming no good to anyone ~ is a conundrum that's baffled me for decades. ~ME
Last edited on 16 Mar 2019, 22:09, edited 1 time in total.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 07:41 |
|
|
|
|
Joined: 11/03/08
Posts: 14568
Post Likes: +22931
Location: Peachtree City GA / Stoke-On-Trent UK
Aircraft: A33
|
|
|
If i was in the US I might have already bought this. Great plane for knocking around and to teach a kid to fly.
Please login or Register for a free account via the link in the red bar above to download files.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 11:22 |
|
|
|
|
Joined: 10/22/08
Posts: 4844
Post Likes: +2618
Location: Sherman, Tx
Aircraft: 35-C33, A36
|
|
Username Protected wrote: While I lust after various beech products the thought occurred to me, what is at the other end of the spectrum?
? Several good answers to your ? About inexpensive airplanes. Warning...topic drift. But remember...with the right partners...$20k will buy a 1/4 share of a 33/35 bonanza. Leldon
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 11:42 |
|
|
|
|
 |
Joined: 06/02/10
Posts: 7252
Post Likes: +4520
Company: Inscrutable Fasteners, LLC
Location: West Palm Beach - F45
Aircraft: Planeless
|
|
Username Protected wrote: That Riley has been Priced for Fast Sale for quite a while...... It needs to be repriced for a faster sale. Truth is, a lot of planes on the market have ZERO value. Not one cent, unless it's for scrap or salvage. Typical plane that has been sitting on the ramp for 10 years. Engine(s) worth zero. Prop(s) worth zero. Radios worth zero. Airframe ... might be a reason to get it for parts. So, a plane that's listed for ... say ... $45,000, might have market value of $5,000. It will sit until the airport has it condemned and hauled to the dump.
This...but it's been going on since the price of aircraft collapsed in 2008-9. Many airplanes are in a padlocked hangar waiting for the market to recover, so I imagine the problem is larger than it seems. The aircraft in hangars might be in better mechanical shape, though.
Best,
Rich
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 14:45 |
|
|
|
|
 |
Joined: 04/02/18
Posts: 270
Post Likes: +134
Location: 20GA
Aircraft: RV-4
|
|
Username Protected wrote: Just remember ... If you can spend $20,000, start looking at planes listed at $25,000. You should be able to get them for 20K. And then spend another 5-10k getting everything fixed after you buy. 
I know this is conventional wisdom but how true is it really? Browsing Barnstormers and seeing planes listed at 15k or so I definitely see it, but some of the ~25k listings look quite clean, which is consistent with that being the upper end of the market for some of these models.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 15:31 |
|
|
|
|
Joined: 02/03/19
Posts: 700
Post Likes: +253
Aircraft: Baron E55, L29, PA28
|
|
|
Just bought a project E55 Baron for 21,500. But i'll have upwards of 50k to put into it before I get it how I want. Engines had 3&6 hours since top overhaul but have sat 7 years, surprisingly clean since it was hangared and not sitting out getting weathered.
Please login or Register for a free account via the link in the red bar above to download files.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Let’s talk cheap planes - what does $20K buy you in 2019 Posted: 16 Mar 2019, 16:44 |
|
|
|
|
|
Joined: 04/02/18
Posts: 270
Post Likes: +134
Location: 20GA
Aircraft: RV-4
|
|
Username Protected wrote: Hard to beat a Champ I understand lack of a hangar would certainly beat one.
|
|
| Top |
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum
|
Terms of Service | Forum FAQ | Contact Us
BeechTalk, LLC is the quintessential Beechcraft Owners & Pilots Group providing a
forum for the discussion of technical, practical, and entertaining issues relating to all Beech aircraft. These include
the Bonanza (both V-tail and straight-tail models), Baron, Debonair, Duke, Twin Bonanza, King Air, Sierra, Skipper, Sport, Sundowner,
Musketeer, Travel Air, Starship, Queen Air, BeechJet, and Premier lines of airplanes, turboprops, and turbojets.
BeechTalk, LLC is not affiliated or endorsed by the Beechcraft Corporation, its subsidiaries, or affiliates.
Beechcraft™, King Air™, and Travel Air™ are the registered trademarks of the Beechcraft Corporation.
Copyright© BeechTalk, LLC 2007-2024
|
|
|
|
