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 Post subject: Current Cirrus Market
PostPosted: 12 Jun 2014, 19:35 
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Joined: 11/25/11
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Location: KGNF, Grenada, MS
Aircraft: Baron, 180,195,J-3
This thread is for information from BT members who, for one reason or another, have CURRENT knowledge of the Cirrus market, values and adds/deducts.

Please do not let this become a debate on Cirrus or Cirrus versus anything, I need info.

Through an unusual circle of events, I have been asked to purchase a 2005 Cirrus; not on market. No big adds and only one deduct that the chute pack is one year out. Mid time, 1000 TT airframe and engine.

I subscribe to VREF and it says $190k not allowing for the chute repack. VREF also gives a fairly strong market rating, but I have cursory knowledge that makes me suspect the strength of the market; especially since the value has dropped by $5,000 in the last quarter.

If you have knowledge, please share. Also, I have an excellent shop with Cirrus experience, but what are the "specifics" of the pre-buy issues.

And no, I won't be selling the Aerostar.

Jgreen

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 20:18 
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Joined: 02/23/08
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Company: Schulte Booth, P.C.
Location: Easton, MD (KESN)
Aircraft: 1958 Bonanza 35
What kind of Cirrus - SR20 or SR22?

That makes a big difference.

Regardless, look at aso.com or trade-a-plane.

That will give you a good idea of asking prices.

As w/ all aircraft prices - even with the Cirrus - they can vary wildly depending upon equipment and care.

FWIW, I like the Cirrus. Have many hours in them.

Like my Bo better.

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Robert D. Schulte
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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 20:27 
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Company: Schulte Booth, P.C.
Location: Easton, MD (KESN)
Aircraft: 1958 Bonanza 35
John -

I fear that my post may have been utterly unresponsive.

The only thing of which I am specifically aware is whether or not the motor has a 4 or 6 point motor mount.

As I understand it, the 6 point is better and abates some earlier generation vibrations issues.

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 21:37 
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Joined: 06/14/09
Posts: 745
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Location: Chicago, IL (KGYY), GA, KVLD, FL, KOPF
Aircraft: Cirrus SR22 Turbo
John,

You're not giving any info to work on. Is it a 20 or a 22, turbo? Air conditioning? I suggest you get more details and probably tAlk to the folks at COPA.org they love to talk as much as the beech brothers.

With respect to market pricing, cirrus have a bad track record on price depreciation for a bunch of reasons. It seems they have stabilized and have firmed-up a bit. They are producing less, allowing demand to outstrip supply. With the new G-5 at $600 to $800k's, it's caused the earlier models to look like bargains. But again get more info.

With respect to the pre-buy, I suggest you call the guys at Savvy, they'll he'll you find a right shop to do it and will walk your through it.


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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 21:42 
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Joined: 11/08/12
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Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
COPA offers a $35 CFI membership. Worth it.

Jamie Steele is a high volume cirrus broker who will know the market.

Is this a normally aspirated avidyne g2? Which avionics options does it have? (Active traffic, etc) TKS


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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 21:57 
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Joined: 11/25/11
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Location: KGNF, Grenada, MS
Aircraft: Baron, 180,195,J-3
I'm a little chagrined. SR-22, traffic and weather. When I think Cirrus, I never even consider the SR-20.

Personally, I usually find VREF as a good starting point, don't care to debate that, but in this case, when I hear of actual sales, it seems high. My impression is that this is a $160,000 airplane.

I think that VREF showing a $5,000 drop in the last quarter, should be "a clue".

If I can't buy this airplane "right", I'm not interested. I have the A*, Skylane and the Cub. Seems like I should be satisfied?

Jgreen

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 21:59 
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Location: KGNF, Grenada, MS
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Oh, yea. Normally aspirated, not de-ice. Sorry, Charles but I wouldn't trust a broker's opinion under any circumstances. Bull %#$@ personified.

jgreen

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 22:11 
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Joined: 09/20/12
Posts: 414
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Location: KCJR Culpeper, VA
Aircraft: looking at Barons
Get an aircraft appraiser to do at least a desktop appraisal. Cost a couple hundred dollars but much more accurate than VREF.

Dan


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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 22:32 
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Joined: 11/21/09
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Location: Albany, TX
Aircraft: Prior SR22T,V35B,182
JG - the main Cirrus website lists pre owned from more than one broker. Should give you a good idea. I won't be much help as I was looking for a very specific plane.

Glad to visit about anything else.

http://cirrusaircraft.com/preowned/


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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 22:33 
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John,

You know, that is not really a nice thing to say. There are a few brokers right here on BT that are stand up guys and will tell you if a plane is a decent deal. There are a few lawyers also here that are good guys. Labeling a person as a BSer when you don't even know them is just as bad as calling a someone a name due to the color of their skin. I usually find people that do not trust someone they have never met usually is this way because they are the same way - just sayin...

Anyway, it is my opinion that the G2 is a decent plane; however, if I was intending to fly it in any ice at all I would want TKS and if I wanted to have a plane that would perform decent in the ice I would want the newer airframe (2009?) with the big TKS panels. I have heard (from people owning G2 and earlier) that non-TKS planes are horrible in the ice and the TKS planes will help you get out if you get out quickly. I have heard the same people say the newer system flies rather well in the ice. I would not want this Cirrus at any price since it does not have TKS. With that said, $160k or so is probably safe. A $5,000 price fluctuation really means nothing. That is a couple of cylinders that you will be replacing. VREF means nothing either.[quote][/quote]

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 22:43 
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Joined: 11/21/09
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Location: Albany, TX
Aircraft: Prior SR22T,V35B,182
Good point, Todd. Neal has a few 100 hours in the Cirrus, and found a screaming good deal for me.

Might be worth a call.


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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 22:49 
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Joined: 06/14/09
Posts: 745
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Location: Chicago, IL (KGYY), GA, KVLD, FL, KOPF
Aircraft: Cirrus SR22 Turbo
Username Protected wrote:
John,

You know, that is not really a nice thing to say. There are a few brokers right here on BT that are stand up guys and will tell you if a plane is a decent deal. There are a few lawyers also here that are good guys. Labeling a person as a BSer when you don't even know them is just as bad as calling a someone a name due to the color of their skin. I usually find people that do not trust someone they have never met usually is this way because they are the same way - just sayin...

Anyway, it is my opinion that the G2 is a decent plane; however, if I was intending to fly it in any ice at all I would want TKS and if I wanted to have a plane that would perform decent in the ice I would want the newer airframe (2009?) with the big TKS panels. I have heard (from people owning G2 and earlier) that non-TKS planes are horrible in the ice and the TKS planes will help you get out if you get out quickly. I have heard the same people say the newer system flies rather well in the ice. I would not want this Cirrus at any price since it does not have TKS. With that said, $160k or so is probably safe. A $5,000 price fluctuation really means nothing. That is a couple of cylinders that you will be replacing. VREF means nothing either.
Quote:


I agree with Todd,

I've had inadvertent I've encounters with both a non-TKS BO 36 and a TKS cirrus. While the BO is A mule with ice, the cirrus is simply not. It's actually quite alarming how quickly you lose airspeed. The TKS is no FIKI but it really cleans the wings up very quickly. I'm not convinced that TKS is absolutely necessary in a normally aspirated plane in the south but a turbo or N/A in the north absolutely. As I've said before, I do love the cirrus but they really do not wear ice comfortably.


Last edited on 12 Jun 2014, 23:53, edited 1 time in total.

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 23:05 
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Victor,

If you think the Cirrus is bad try putting my Glasair in the ice. I wish their was a TKS option for it.

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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 23:11 
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Joined: 11/08/12
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Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
1) Not much ice to deal with in MS
2) Not much need for TKS when you have access to an FIKI, pressurized twin.


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 Post subject: Re: Current Cirrus Market
PostPosted: 12 Jun 2014, 23:23 
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Joined: 11/25/11
Posts: 9015
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Location: KGNF, Grenada, MS
Aircraft: Baron, 180,195,J-3
Todd,

Not trying to be nice. Just honest. Learned nothing.

Jgreen

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