27 Jan 2026, 08:31 [ UTC - 5; DST ]
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 11:38 |
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Joined: 08/14/13 Posts: 6410 Post Likes: +5149
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and what most people ignore or leave out is this severely limits the buyer pool of these planes to those who will pay cash and do not have a creditor/lien holder involved to shell out 200, 300, or 400k on a mechanical object that cannot be reasonably insured is i really chuckle when i see a married guy doing it, because a divorce ordered sell is where you find the best deals on these things, they can't get rid of them fast enough, can't lien on them if needed, and usually a family court judge puts some crazy terms on the sale timeframe/terms
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 17:48 |
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Joined: 05/05/09 Posts: 5345 Post Likes: +5402
Aircraft: C501, R66, A36
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Yup, I agree, these have much better performance than any other airplane I've ever flown at the cost of being hard to insure. I rave about this airplane: beautiful, fast, economical, fun, sporty, easy to fly, put whatever avionics you want in it, well made and strong. I could go on and on. So, for $200K you can get an almost new airplane that flies circles around a $900K Cirrus.
For the person that doesn't care about financing or insurance (which I admit is a small market), there's absolutely nothing that can come anywhere close to the IV-P.
Remember, these were trading for $400K before the market crashed in 2008. Absolute bargain today.
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 17:51 |
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Joined: 05/05/09 Posts: 5345 Post Likes: +5402
Aircraft: C501, R66, A36
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Username Protected wrote: and what most people ignore or leave out is this severely limits the buyer pool of these planes to those who will pay cash and do not have a creditor/lien holder involved to shell out 200, 300, or 400k on a mechanical object that cannot be reasonably insured is i really chuckle when i see a married guy doing it, because a divorce ordered sell is where you find the best deals on these things, they can't get rid of them fast enough, can't lien on them if needed, and usually a family court judge puts some crazy terms on the sale timeframe/terms "You chuckle when married guys buy IV-Ps because you assume they are getting divorced soon and will have to dump the airplane" That's one of the more bitter things I've read on Beechtalk.
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 18:05 |
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Joined: 08/14/13 Posts: 6410 Post Likes: +5149
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Username Protected wrote: "You chuckle when married guys buy IV-Ps because you assume they are getting divorced soon and will have to dump the airplane"
That's one of the more bitter things I've read on Beechtalk. i searched the market for years before deciding not to pursue one, it's not an opinion i hold, there are a few guys that even disassembled them as this no longer qualified it as an "airplane" but rather a bunch of parts- just to subvert divorce decrees While my comments are mostly geared to the IV-PT's, have you sold a IV-P yet?
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 18:05 |
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Joined: 05/05/09 Posts: 5345 Post Likes: +5402
Aircraft: C501, R66, A36
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I think you could buy a used Turbine EVO for a million. Much more docile wing but that's a lot more money.
With that said, I think this is in the future for me. I'm not ever going back to the certified world if I can avoid it.
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 18:08 |
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Joined: 05/05/09 Posts: 5345 Post Likes: +5402
Aircraft: C501, R66, A36
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Username Protected wrote: "You chuckle when married guys buy IV-Ps because you assume they are getting divorced soon and will have to dump the airplane"
That's one of the more bitter things I've read on Beechtalk. i searched the market for years before deciding not to pursue one, it's not an opinion i hold, there are a few guys that even disassembled them as this no longer qualified it as an "airplane" but rather a bunch of parts- just to subvert divorce decrees While my comments are mostly geared to the IV-PT's, have you sold a IV-P yet?
I think every luxury item is hard to sell: fancy house, fancy car, big boat, exotic airplane. I'm not buying anything in these categories unless I get a really good deal and am prepared to dump it at a later date at a loss.
I'm seeing nice V tails selling for prices I've never seen this low. I think this problem is across the board now and not just IV-Ps.
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Post subject: Re: Lancair IV-p Posted: 31 Oct 2016, 18:25 |
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Joined: 08/14/13 Posts: 6410 Post Likes: +5149
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Username Protected wrote: I think you could buy a used Turbine EVO for a million. Much more docile wing but that's a lot more money.
With that said, I think this is in the future for me. I'm not ever going back to the certified world if I can avoid it. Evo's insurance may be in jeopardy soon, LOBO seems to have a few battle on their hands with one of the major underwriters pulling out of the market
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Post subject: Re: Lancair IV-p Posted: 01 Nov 2016, 08:48 |
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Joined: 03/09/11 Posts: 1775 Post Likes: +832 Company: Wings Insurance Location: Eden Prairie, MN / Scottsdale, AZ
Aircraft: 2016 Cirrus SR22 G5
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Username Protected wrote: I think you could buy a used Turbine EVO for a million. Much more docile wing but that's a lot more money.
With that said, I think this is in the future for me. I'm not ever going back to the certified world if I can avoid it. Evo's insurance may be in jeopardy soon, LOBO seems to have a few battle on their hands with one of the major underwriters pulling out of the market
Brian- The market is already extremely small for the Evo and IVP Turbine. Whoever handles the insurance brokerage for the Lancair factory best get on their horse and do a road show with factory representatives to all the underwriting companies. Clearly losing markets is not a good thing and one that can only be potentially reversed by product education.
_________________ Tom Hauge Wings Insurance National Sales Director E-mail: thauge@wingsinsurance.com
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Post subject: Re: Lancair IV-p Posted: 06 Nov 2016, 17:31 |
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Joined: 05/05/09 Posts: 5345 Post Likes: +5402
Aircraft: C501, R66, A36
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I spent my weekend tuning up my baffles on the IV. I drilled a hole in the #5 baffle about in the middle of the alternator area per a SB. This has been my rate limiting cylinder in climb and ROP high speed cruise. I also used a full caulk gun of red RTV and sealed every little crack or gap I could. The result was beyond amazing with ALL cylinders less than 360 in the climb at 2,000 FPM. Cylinder #5 would creep up over 400+ degrees if you didn't really watch it. Oil temp also dropped dramatically. I never would have thought such a little 1.5 inch hole in a precise spot would drop the CHT on #5 so dramatically. I tested it again today with the same result of cool cylinders. I also hooked the bird up to my 10 gallon shop vac and pressurized the cabin looking for leaks. I definitely fixed some good leaks but more work needs to be done to reach max diff of 5.5psi. I think I'm at 3.8. It's harder to do this on the Lancair because there's a switch in the landing gear lever that dumps the outflow valve open so it's pissing a lot of pressure out the valve in the hangar. Any ideas are appreciated! The more I fly this airplane, the more I love it. It's the best general aviation plane I've ever owned for my particular mission. Did I mention this thing is really fast? https://www.youtube.com/watch?v=1cus-Clmx-U
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Post subject: Re: Lancair IV-p Posted: 06 Nov 2016, 17:58 |
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Joined: 05/05/09 Posts: 5345 Post Likes: +5402
Aircraft: C501, R66, A36
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One more weekend pearl. After talking to a Malibu/Cirrus owner with basically the same motor, he suggested running 6 quarts in the motor rather than 9. Sure enough, the Cirrus manual says run 5-6 quarts max.
Are we putting too much oil in our big Continentals? I think so.
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Post subject: Re: Lancair IV-p Posted: 07 Nov 2016, 05:30 |
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Joined: 12/30/15 Posts: 1835 Post Likes: +1920 Location: Charlotte
Aircraft: Avanti-Citabria
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Username Protected wrote: One more weekend pearl. After talking to a Malibu/Cirrus owner with basically the same motor, he suggested running 6 quarts in the motor rather than 9. Sure enough, the Cirrus manual says run 5-6 quarts max.
Are we putting too much oil in our big Continentals? I think so. My IO-550 C gets 7 quarts for oil change. I add one quart when dipstick gets down to 5 mark
_________________ I wanna go phastR.....and slowR
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