29 Mar 2024, 01:34 [ UTC - 5; DST ]
|
Username Protected |
Message |
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 07 Nov 2022, 15:05 |
|
|
|
|
|
Joined: 09/02/09 Posts: 8415 Post Likes: +8303 Company: OAA Location: Oklahoma City - PWA/Calistoga KSTS
Aircraft: UMF3, UBF 2, P180 II
|
|
Username Protected wrote: so what are we excited about, the potential 10-15% difference in the ordinary income tax rate vs the capital gains rate?
There's no avoiding it....bonus depreciation is not free money, and anyone who describes it as such doesn't fully understand it The tax rate difference floats my boat. If I sell the plane right now and get full recapture, there will still be six figures of free money in my pocket I didn't give to the government. Not everyone's tax situation is the same; some can use bonus depreciation in ways others can't.
Depreciation gets recaptured at ordinary income tax rates.
_________________ Travel Air B4000, Waco UBF2,UMF3,YMF5, UPF7,YKS 6, Fairchild 24W, Cessna 120 Never enough!
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 07 Nov 2022, 17:18 |
|
|
|
|
|
Joined: 11/08/12 Posts: 12798 Post Likes: +5224 Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
|
|
Username Protected wrote: Word on the street is that jet inventory is increasing but prices haven't (yet) come down.
Sounds like when I bought my house in late 2006. Oh I wish that were green.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 07 Nov 2022, 18:49 |
|
|
|
|
Joined: 05/23/13 Posts: 6718 Post Likes: +7257 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
|
|
Username Protected wrote: Depreciation recapture will also come knocking once you have a year where business use drops below 50%... Assuming the lack of use was financially driven, this wouldn't happen, because they wouldn't fly personal either.
_________________ It’s a brave new world, one where most have forgotten the old ways.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 07 Nov 2022, 22:20 |
|
|
|
|
|
Joined: 09/26/09 Posts: 1408 Post Likes: +872 Company: ElitAire Location: Columbus, OH - KCMH
Aircraft: Piaggio P180
|
|
Username Protected wrote: Word on the street is that jet inventory is increasing but prices haven't (yet) come down.
I am quite sure we are on our way to a recession. How big and how long is still an open question. While looking for an Avanti I toyed with the idea of a Premier. I bought just before things got crazy. If I remember right there were 12-15 in the market then. Looking today there are 18. Prices feel 50-75% higher now. Will be interesting to watch. And for those that complain about the Williams program - I pay the same hourly cost for PT-6 engines. But I don’t have the minumum usage charge the Williams carry.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 07 Nov 2022, 23:41 |
|
|
|
|
|
Joined: 12/17/13 Posts: 6322 Post Likes: +5522 Location: Hollywood, Los Angeles, CA
Aircraft: Turbo Commander 680V
|
|
Username Protected wrote: Adam, are you including inheritance’s and trust fund money?
No, I wasn't. But even with those, unless the fortune depreciates, it does take some kind of work, albeit perhaps easier.
_________________ Problem is the intelligent people are full of doubt, while the stupid ones are full of confidence.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 08 Nov 2022, 09:03 |
|
|
|
|
Joined: 02/02/09 Posts: 163 Post Likes: +131
Aircraft: M20E
|
|
I know several beneficiaries that would give it all back in a heartbeat if it meant not having to deal with the family drama that seems to come with an inheritance.
I received a large, unexpected, inheritance, then got sued over it for 10 years. Me nor anybody in my family thinks of it as “free.”
_________________ Ipc, BFR.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 08 Nov 2022, 09:59 |
|
|
|
|
Joined: 05/30/17 Posts: 198 Post Likes: +159
|
|
Re the Premier: I got on Aerocor's mailing list when I was considering an Eclipse a few years ago, so I get their marketing emails about various planes. They sell Premiers too - recently got a note about a Premier that had "fallen out of escrow," and was back on the market. Subsequently got a "price reduction" email about the same plane.
Now, Premiers have their pluses and minuses to be sure, and have not participated as much in the price runup as some other jets (or so it seems to me), but even so, I found that an interesting data point re the market.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 08 Nov 2022, 10:16 |
|
|
|
|
|
Joined: 09/04/10 Posts: 3539 Post Likes: +3198
Aircraft: C55, PC-12
|
|
Username Protected wrote: I know several beneficiaries that would give it all back in a heartbeat if it meant not having to deal with the family drama that seems to come with an inheritance.
I received a large, unexpected, inheritance, then got sued over it for 10 years. Me nor anybody in my family thinks of it as “free.” My parents (parent) don't have much but I told my mom and dad to take me out of their will and give it to my brothers and sisters (4). I have much more than they do and I'd just piss the money away on aviation anyhow!
_________________ John Lockhart Phoenix, AZ Ridgway, CO
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 08 Nov 2022, 13:44 |
|
|
|
|
Joined: 02/02/09 Posts: 163 Post Likes: +131
Aircraft: M20E
|
|
I actually sort of appreciate having to endure a decade of litigation over it- the litigation was so miserable that it assuaged some of the "didnt earn it" guilt.
for context, it is a 5th generation family cow calf ranch in S. Central Texas, by way of my great uncles 21 page handwritten will. I found out the morning after he died- I was 25.
I still operate it. And my kids love it. No complaints here:-)
_________________ Ipc, BFR.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 08 Nov 2022, 13:54 |
|
|
|
|
Joined: 11/15/17 Posts: 668 Post Likes: +336 Company: Cessna (retired)
|
|
Username Protected wrote: I know several beneficiaries that would give it all back in a heartbeat if it meant not having to deal with the family drama that seems to come with an inheritance.
I received a large, unexpected, inheritance, then got sued over it for 10 years. Me nor anybody in my family thinks of it as “free.” My parents (parent) don't have much but I told my mom and dad to take me out of their will and give it to my brothers and sisters (4). I have much more than they do and I'd just piss the money away on aviation anyhow!
And the rest you would just waste!
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 14 Nov 2022, 19:42 |
|
|
|
|
Joined: 07/19/18 Posts: 368 Post Likes: +154
Aircraft: On the hunt...
|
|
I begin to wonder if the un-economic current turboprop prices might reenergize the *restomod* aircraft business one more time. Commanders, Conquests, various Caravans, Ikhana X2 Twin Otters, etc. etc. Not to mention the sun shining ever more brightly on Jim Allmon and Blackhawk.
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 15 Nov 2022, 00:11 |
|
|
|
|
Joined: 05/31/13 Posts: 1227 Post Likes: +600 Company: Docking Drawer Location: KCCR
Aircraft: C425
|
|
Quote: I begin to wonder if the un-economic current turboprop prices might reenergize the *restomod* aircraft business one more time I'm a fan of restoring older airplanes because you can realize the performance of new with almost the same level of avionics now that Garmin has certified the GFC600 for so many airframes. But if you can't get insurance because it's an older, out of production turboprop then the model doesn't really work.
_________________ ATP, CFI-I, MEI http://www.dockingdrawer.com
|
|
Top |
|
Username Protected
|
Post subject: Re: Can used turbine aircraft prices get any crazier? Posted: 15 Nov 2022, 10:31 |
|
|
|
|
Joined: 07/29/12 Posts: 66 Post Likes: +29
Aircraft: GV IV 680 LRJET 690A
|
|
Username Protected wrote: I begin to wonder if the un-economic current turboprop prices might reenergize the *restomod* aircraft business one more time. Commanders, Conquests, various Caravans, Ikhana X2 Twin Otters, etc. etc. Not to mention the sun shining ever more brightly on Jim Allmon and Blackhawk. Hell yeah!!! DASH TWELVE STC's PLEASE
|
|
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
|
|
|
|