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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 18:03 
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Good for you, Jason, hope you have a good time.

Myself, I don't like packed ramps. No place to park, everything is real expensive, service generally goes downhill....give me plenty o' parking & a semi decent courtesy car & away we go!

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 18:04 
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Newer Seneca's and Baron's don't have crashing prices. Go buy one, you find out really quickly that a good 2000 and newer Baron is north of 500k

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 18:33 
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Username Protected wrote:
Newer Seneca's and Baron's don't have crashing prices. Go buy one, you find out really quickly that a good 2000 and newer Baron is north of 500k


Heck, fifty year old ones probably sell for more now than when they were new.

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 18:48 
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Username Protected wrote:
Good for you, Jason, hope you have a good time.

Myself, I don't like packed ramps. No place to park, everything is real expensive, service generally goes downhill....give me plenty o' parking & a semi decent courtesy car & away we go!

This has nothing to do with what this thread is about. What are you talking about?


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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 19:04 
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Jason, the thread is about prices of Twin Engine Airplanes. Says "Twin Prices Crashing".
You, of course, posted that the ramp at the airport you're at are full:
Quote:
The ramp is packed in Panama City right now. ECP. Line guys sweating. No ramp space.

So, someone asks you about what type of plane is parked, (probably trying to se if they are TWIN engine airplanes...)
Quote:
And you respond with "what difference does it make?

My post was in response to your post (that had nothing to do with the price of twin engine airplanes). I said that I like ramps that aren't full better than ones that are.
Neither your post or mine had anything to do with what the thread was about.

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 20:41 
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Username Protected wrote:
Why types of A/C is it packed with? C172s, SE Pipers, Bo's?

Or Citations, C421Cs, Gulfstreams, and others that are business tools?

What difference does it make? All GA.


It makes all the difference.
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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:20 
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Username Protected wrote:
Newer Seneca's and Baron's don't have crashing prices. Go buy one, you find out really quickly that a good 2000 and newer Baron is north of 500k

A pair of 30k engine overhauls makes sense on a 500k airplane. Not so much on older twins, say 100k value. I haven't researched it, but I'd bet old turboprops have similar issues.


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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:28 
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Username Protected wrote:
Newer Seneca's and Baron's don't have crashing prices. Go buy one, you find out really quickly that a good 2000 and newer Baron is north of 500k

A pair of 30k engine overhauls makes sense on a 500k airplane. Not so much on older twins, say 100k value. I haven't researched it, but I'd bet old turboprops have similar issues.


I'll put my plane up against any 500k Baron out there, mine is better IMHO. I'd do my engines again... if you have a solid airframe and you plan to fly the value out of the engines, why not overhaul em. I'd rather have 100k in a brand new firewall forward and 15 years TBO ahead of me, than deal with parting out an old Baron and buying someone else's sob story.
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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:31 
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Username Protected wrote:
A pair of 30k engine overhauls makes sense on a 500k airplane. Not so much on older twins, say 100k value. I haven't researched it, but I'd bet old turboprops have similar issues.


I'll put my plane up against any 500k Baron out there, mine is better IMHO. I'd do my engines again... if you have a solid airframe and you plan to fly the value out of the engines, why not overhaul em. I'd rather have 100k in a brand new firewall forward and 15 years TBO ahead of me, than deal with parting out an old Baron and buying someone else's sob story.


I own said Baron but I would agree 100% with Adam!!!

Continentals are a very good bang for the buck if you are looking at the IO520's and the iO550's.

And Adam ain't flying no low budget Baron either. That ride has been pimped!!!
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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:39 
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I'll put my plane up against any 500k Baron out there, mine is better IMHO. I'd do my engines again... if you have a solid airframe and you plan to fly the value out of the engines, why not overhaul em. I'd rather have 100k in a brand new firewall forward and 15 years TBO ahead of me, than deal with parting out an old Baron and buying someone else's sob story.[/quote]

I own said Baron but I would agree 100% with Adam!!!

Continentals are a very good bang for the buck if you are looking at the IO520's and the iO550's.

And Adam ain't flying no low budget Baron either. That ride has been pimped!!![/quote]
I agree with you guys. I'm just saying high time engines can be the death of a mediocre airplane. I'm slowly improving my Twin Bonanza, but a look at twins for sale shows a lot of 65k airplanes with high time engines that won't sell, and aren't worth putting engines in. Cream puffs still bring good money, but for now, the combination of gas prices and overhaul costs drags older twin prices down proportionally more than older singles.


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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:45 
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Username Protected wrote:
I agree with you guys. I'm just saying high time engines can be the death of a mediocre airplane. I'm slowly improving my Twin Bonanza, but a look at twins for sale shows a lot of 65k airplanes with high time engines that won't sell, and aren't worth putting engines in. Cream puffs still bring good money, but for now, the combination of gas prices and overhaul costs drags older twin prices down proportionally more than older singles.


Why would you not want to put engines in a low cost airplane?
The value in the engines is how much time they have left.

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:47 
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Username Protected wrote:
Newer Seneca's and Baron's don't have crashing prices. Go buy one, you find out really quickly that a good 2000 and newer Baron is north of 500k

A pair of 30k engine overhauls makes sense on a 500k airplane. Not so much on older twins, say 100k value. I haven't researched it, but I'd bet old turboprops have similar issues.


OK, lets say I have a lowly 100K baron and I put a fresh pair of 30K engines on it. I now have a plane with fresh engines for 160K that is worth 140K. I pay insurance and taxes on a $160K value and for all of that I get six seats that go 180 Knots on 25 GPH for 1000 NM.

On the other hand I could have a 500K Baron that needs 60K worth of engines. Now I have $560K tied up in a plane worth $540k. I pay insurance and taxes on $560K worth of value and I have six seats that will go 180 Knots on 25 GPH for 1000 NM.

Is option A really so dumb? :scratch:
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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:58 
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Quote:
Don't worry. BT isn't ALL a bunch of old codgers fantasizing about yesteryear. Everyone else is just tired of arguing with them.

Jason, (no compliment intended, no offense, either) how many pictures of BT'rs do you see of Guys who look younger than you?
Not many.

That's because the average age of us, as a group, is old/er. Very few 30 or 40 something year old Guys own Bonanzas.


When I started flying in my mids 30s I felt the same way, I was ALWAYS the youngest guy at any aviation event, by quite a bit. It has changed though.

8ish years later I am actually surprised how many people I have met and friends I have made through flying that are within 4 years of my age +/-. No idea why this has changed, but it certainly has. Its possible since I bought my A36 I have been at more Beech specific events, and they attract younger people. Who knows....

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 22:59 
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Username Protected wrote:
I agree with you guys. I'm just saying high time engines can be the death of a mediocre airplane. I'm slowly improving my Twin Bonanza, but a look at twins for sale shows a lot of 65k airplanes with high time engines that won't sell, and aren't worth putting engines in. Cream puffs still bring good money, but for now, the combination of gas prices and overhaul costs drags older twin prices down proportionally more than older singles.


Why would you not want to put engines in a low cost airplane?
The value in the engines is how much time they have left.

I don't see that in the market. I don't think 60k in engines makes a 100k airplane into a 140 k airplane. I see high time older twins sit in the market for a long time, at very low prices. Feel free to come up with another explanation. And generally, an airplane with runout engines needs props and other work. Like radios and autopilots, none of that stuff adds much more than 30 cents on the dollar are so to the value of an older twin. Having 160k in a 120k airplane can be a tough pill to swallow for a purchaser of an airplane. Upside down from day one. Like they say, buy the one set up like you want, cause it costs more than it is worth to fix one up.

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 Post subject: Re: Twin Prices Crashing
PostPosted: 17 Oct 2014, 23:02 
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I don't see that in the market. I don't think 60k in engines makes a 100k airplane into a 140 k airplane. I see high time older twins sit in the market for a long time, at very low prices. Feel free to come up with another explanation. And generally, an airplane with runout engines needs props and other work. Like radios and autopilots, none of that stuff adds much more than 30 cents on the dollar are so to the value of an older twin. Having 160k in a 120k airplane can be a tough pill to swallow for a purchaser of an airplane. Upside down from day one. Like they say, buy the one set up like you want, cause it costs more than it is worth to fix one up.


Well then you are also talking about the airframe too, which is why they are priced at lower. We need Sanderson to chime in here.

Airplanes in my humble opinion are the cheapest things I own.

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