Neither did I. I read it on the AOPA forum.

http://forums.aopa.org/showthread.php?t=58422

Here's a partial quote:
"280k on controller with 195 hours on it and pretty much every option including tks but no ac.


This plane had to be well north of 600k new. that equates to over 1600 dollars an hour for depreciation! "

Are you wakeboarder2342?

Dave

I believe Yves meant to quote the section above the dashed lines.

My Dad wants to start flying. This would be a great buy to do all your training in and keep forever.

Cirrus is in an interesting era. They kept their product fresh by constantly announcing improvements. With a colapsed market for new sales, a bad wrinkle has appeared. The old saying goes, "The seeds of your success are the seeds of your demise".

Cirrus product improvements have lead an unusual drop in resale. Now that Cirrus offers the Garmin Perspecive and various improved features on a new purchase, the demand for recent SR22s with the old Avidyne system has to be almost dead. Yves' example is a gulp because it doesn't have high hours.

I still believe that somebody (probably Cirrus) is going to jump in on the refirb business that I mentioned in another thread. They can buy fairly late model SR22s hitting TBO cheap, install the new TIO550, upgrade to the Avidyne Release 9 (integrated system), freshen the airframe, and have big savings off new. A moderate refirb business would pay the light bills for now and solve future problems with excess "rode hard and put up wet" used inventory.

Have you seen the recent Cirrus ads pushing for trade-ins?

At that price, an SR22 starts to become almost disposable (in a good way). There is a lot of value and capability in that plane and a lot of life remaining. Interesting.

I agree there is good value with this particular SR22.

Cirrus has built a "cult" out of new and improved, and to their credit....but I can't imagine anyone looking at an old SR22 in the way we would see a beautifully restored V-Tail! There's just somthing wrong with that picture.

When you lower the emotional factor and raise the the logical, the price goes down.

Without the real-estate collapse, we wouldn't see those Cirrus prices. Lots of 'perceived wealth' out of real-estate transactions in the early 2000s was offset using various plane and horsey schemes. Unfortunate for many of these owners, the bonus depreciation translated into real depreciation in this particular type.

That's why I think there will be few new (piston) aircraft deliveries for several years, and the well maintained used aircraft will restablish good resale as the economy improves. I believe the demand for nice used piston airplanes will improve significantly by 2011.

The rewards will come to those who buy well built products and take care of them. The days of "burn and flip" are over.

This is not a Cirrus specific issue. I recently bought a 2002 A36 with FIKI, 530, 430, AC and a bunch of other goodies at about 50% of the original purchase price. Its a great time to buy an airplane regardless of make or model.

If you are selling then its a tough market but if your trading up, take your licks and realize you're getting a great bargin on the new plane

http://www.controller.com/listings/airc ... 155929.htm

There's a note on the ad for this plane in Controller that the tail was damaged by a fuel truck (since repaired). That may explain the price.

The research on the airplane shows it is a IO-550-N engine. I do not believe that is a turbo. This has got to be a Barron Thomas airplane

I'll take one, please.

I don't think so. Throw the phone number into a Google search.

707) 542-8873

It turns up a Robert Kennedy.

It does have that ghastly silver paint-job, that takes of 100k right there

If you look at the other items this eBayer has listed for sale/auction, it looks like they are selling repossessed toys. I saw a $200k Rec Veh. sold for $16k

Lot's of sports cars, a few boats and some nice aircraft with recent engine overhauls (like the owner didn't anticipate being foreclosed on).