For you Cirrus pilots:

What is the ballpark value of a G5 Cirrus (loaded - Perspective, TKS, etc.) with 900 hours?

(nope....not for me)

Tough to say as there aren't a lot of comps - My educated guess would be somewhere in the $650k range. 900 hours is impressive for an airplane that can't be more than 2 years old??

Turbo?
DH?
Remaining factory warranty?

New Cirri can see really impressive utilization. They're a favorite of new pilots who are going to be trading it in for a Mustang or Phenom and then flying 200 hrs/yr.

Yes
What is DH?
Yes

Damage history

No

Not worth much at all. 900hrs is about timed out. I'd say $200K tops. Where do I send the check?

I poked around i say 600 wholesale or 650 retail. I would ask 700.

I had no idea these birds were this expensive.

Mike

Jesse,

Sorry I missed this until today. I assume this plane is a turbo? You don't say but if it's loaded let's assume it is.

If you look at the Controller ads for 2013 models they are all above $750k but have fewer than 300 hours. I'd say those asking prices are optimistic (but I really hope I'm wrong). The loaded turbos sold for about $750-$760k new a year ago. Then Cirrus did everyone a favor and increased the price $40k or so on 2014 models.

My WAG is that the plane you are describing is worth $650-$675k.

This is a great way to lose $300k in 5 years. I think the value is in the 2003 loaded planes for $150-190k or a G2 from $175-$225k. Yes, not quite the machine, but not going to lose the price of a home in 5 years. Wait 5 years and buy one for less than 1/2 price or maybe 1/3.

Depends what you want. A large number of new cirrus owners use them as pre-turbine trainers. $300k is 30 or even 3 AMU in that league.

I guess I would just go right to the turbine. Train in a Cirrus if you want and get your IR rating and then buy whatever. Losing 300k to fly a clown plane is pretty crazy. You are probably right though - $300k is peanuts to many people.

What I've generally seen is something like this plane. A maybe 18 month old plane has 900 hours on it. Some SOB is keeping a mustang busy now and took a year to get his IFR/g1000 skills down pat. Considering what it cost to buy 15,000 gals of avgas, the depreciation is minimal!

Yeah, you are probably right. I'm just in a different world. To be honest, I hope I never have enough money that when I throw away $300k I don't care. I don't think that is healthy, but to each their own.

Those 15,000 gallons cost only about 100AMU.. that depreciation hit is a BIG deal in comparison, unless you can bonus depreciate it, and that has already gone away.