06 May 2025, 07:53 [ UTC - 5; DST ]
|
Username Protected |
Message |
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 06 Jul 2021, 09:17 |
|
 |

|
|
Joined: 11/24/11 Posts: 602 Post Likes: +648
Aircraft: PA31, PA32R
|
|
What is the insurance market like? From what I've heard recently on the IV-P, there's only one or two options with a lot of drama going on.
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 06 Jul 2021, 10:47 |
|
 |

|
|
Joined: 10/11/10 Posts: 924 Post Likes: +340 Location: Lincoln Park, NJ
Aircraft: A36TN, Meridian
|
|
As I said I would like to hear from owners and they claim numbers not quite as good as the website but pretty darn close. I agree that you can get an old TBM for less, but as another poster stated, maintenance will quickly eat up that differential. In any event I wanted to compare this plane to the M600 because the performance specs seem pretty similar. Interesting that there is actually more cockpit room in the refurbished version than the original. If you don't need six seats this is certainly an option. Another plus over the M600 is that this fits in a T hangar. Also for the price you are getting pretty much a brand new aircraft. New engine, avionics and a refurbished airframe. If you compare a brand new A36 at just under 1M and this plane just over 1M, I think you'd have a lot of thinking to do.
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 07 Jul 2021, 12:40 |
|
 |

|
|
Joined: 08/05/16 Posts: 3137 Post Likes: +2282 Company: Tack Mobile Location: KBJC
Aircraft: C441
|
|
Username Protected wrote: As I said I would like to hear from owners and they claim numbers not quite as good as the website but pretty darn close. I agree that you can get an old TBM for less, but as another poster stated, maintenance will quickly eat up that differential. In any event I wanted to compare this plane to the M600 because the performance specs seem pretty similar. Interesting that there is actually more cockpit room in the refurbished version than the original. If you don't need six seats this is certainly an option. Another plus over the M600 is that this fits in a T hangar. Also for the price you are getting pretty much a brand new aircraft. New engine, avionics and a refurbished airframe. If you compare a brand new A36 at just under 1M and this plane just over 1M, I think you'd have a lot of thinking to do. Are you assuming self insurance? The maintenance differential will likely be eaten up by insurance, or at least a good part of it. Also a TBM has far more room. Also you can sell a TBM in a month. Experimentals often languish on the market for years. TBM is arguably not as fun to fly, so there are other intangibles, just playing devils advocate.
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 07 Jul 2021, 13:09 |
|
 |

|
|
Joined: 09/23/18 Posts: 131 Post Likes: +31
|
|
Username Protected wrote: As I said I would like to hear from owners and they claim numbers not quite as good as the website but pretty darn close. I agree that you can get an old TBM for less, but as another poster stated, maintenance will quickly eat up that differential. In any event I wanted to compare this plane to the M600 because the performance specs seem pretty similar. Interesting that there is actually more cockpit room in the refurbished version than the original. If you don't need six seats this is certainly an option. Another plus over the M600 is that this fits in a T hangar. Also for the price you are getting pretty much a brand new aircraft. New engine, avionics and a refurbished airframe. If you compare a brand new A36 at just under 1M and this plane just over 1M, I think you'd have a lot of thinking to do. Are you assuming self insurance? The maintenance differential will likely be eaten up by insurance, or at least a good part of it. Also a TBM has far more room. Also you can sell a TBM in a month. Experimentals often languish on the market for years. TBM is arguably not as fun to fly, so there are other intangibles, just playing devils advocate.
A TBM of equal panel and zero time maintenance will be twice the price..
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 07 Jul 2021, 15:52 |
|
 |

|
|
Joined: 10/11/10 Posts: 924 Post Likes: +340 Location: Lincoln Park, NJ
Aircraft: A36TN, Meridian
|
|
Another poster stated he pays $30,000 a year for insurance. That's probably more than double than a new Bonanza but no so much more than a used M600. Other costs are probably less or comparable. So if you need more seats the M600 is clearly better. If you want more room in the back, again the M600 wins. If you don't need these things, it's something to think about as the costs and performance are comparable. One caveat is though when its for sale time. The M600 will be an easy sell whereas the LX-7 will probably have a limited audience. Some of what you save at purchase time you may lose at sell time.
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 08 Jul 2021, 12:23 |
|
 |

|
|
Joined: 05/30/17 Posts: 198 Post Likes: +159
|
|
As a 50% partner in a 2016 M600, I completely agree with Gary. We pay in the 20s for insurance on our M600, but agree that the cabin experience is superior in an M600 by a wide margin, including better pressurization differential along with lots of room and an air stair door, effective A/C, among other things.
But on the back end, these experimental turbines are not easy to sell ... small group of interested buyers. My friend with his IVPT tried to sell it and could not find a buyer who would execute, for example. The Evos have tended to sit on the market for a long time (not forever, just a long time). So if you look at an LX7, you have to go in with your eyes open for both the value proposition up front and the potential issues down the road ...
Last edited on 08 Jul 2021, 16:55, edited 1 time in total.
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 08 Jul 2021, 13:50 |
|
 |

|
|
Joined: 09/23/18 Posts: 131 Post Likes: +31
|
|
Username Protected wrote: As a 50% partner in a 2016 M600, I completely agree with Gary. We pay Lin the 20s for insurance on our M600, but agree that the cabin experience is superior in an M600 by a wide margin, including better pressurization differential along with lots of room and an air stair door, effective A/C, among other things.
But on the back end, these experimental turbines are not easy to sell ... small group of interested buyers. My friend with his IVPT tried to sell it and could not find a buyer who would execute, for example. The Evos have tended to sit on the market for a long time (not forever, just a long time). So if you look at an LX7, you have to go in with your eyes open for both the value proposition up front and the potential issues down the road ... Love the m600.. aaand it is 2-3x the price of the lx7… it had better be for good reason… .. clearly the m600 is a winner and you need enough $$$ to anti up… .- And it has different flight profile.. you really need to fly higher with the big -42 compared to the smaller -20 or -28…. So the psi for the designed altitude is about the same….compare dollar for dollar, what does $1m buy you? perhaps in your case, half a plane?….. also the ivpt is known as a pilot killer, not so On the lx7 with new wing and tail…. In the turbine world, $1m can buy you a state of art avionics USED meridian, Jetptop, Silver Eagle, maybe some twins…in piston you can buy new… So if you have $1m and a typical flight of 2 people with sometimes 3-4.. the lx7 offers a great fast travel value… because of its low production numbers, some risk on the sell side exists, time will tell reality… I have not seen one come up for sale yet…
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 08 Jul 2021, 15:39 |
|
 |

|
|
Joined: 09/23/18 Posts: 131 Post Likes: +31
|
|
Username Protected wrote: I have not seen one come up for sale yet… Really? A search for "lx7 for sale" finds one right away https://www.globaljetaviation.com/detai ... tates/3681
Aaaaaand.. now I have.. ha!
That airframe has 10 hrs on it? Not sure what is up with that one… I remember hearing hull #1 had some bugs and RDD took it back with full refund… so I wonder if that is hull #1 being fixed and sold as used… not sure.. just speculation…
But it seems odd with TTSN is 10 hrs
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 22 Jul 2021, 00:57 |
|
 |

|
|
Joined: 04/24/18 Posts: 736 Post Likes: +359 Location: NYC
Aircraft: ISP Eagle II SR22 g2
|
|
Username Protected wrote: I would encourage anyone seriously looking at these models to consult insurance first before investing a lot of time on an acquisition.  It’s argue this is true of any Aircraft.
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 22 Jul 2021, 08:06 |
|
 |

|
|
 |
Joined: 03/09/11 Posts: 1764 Post Likes: +825 Company: Wings Insurance Location: Eden Prairie, MN / Scottsdale, AZ
Aircraft: 2016 Cirrus SR22 G5
|
|
Username Protected wrote: I would encourage anyone seriously looking at these models to consult insurance first before investing a lot of time on an acquisition.  It’s argue this is true of any Aircraft.
Not really - the experimental turbines seem to be moreso.
_________________ Tom Hauge Wings Insurance National Sales Director E-mail: thauge@wingsinsurance.com
|
|
Top |
|
Username Protected
|
Post subject: Re: RDD LX-7 Posted: 22 Jul 2021, 10:14 |
|
 |

|
|
Joined: 04/24/18 Posts: 736 Post Likes: +359 Location: NYC
Aircraft: ISP Eagle II SR22 g2
|
|
Username Protected wrote: I’d argue this is true of any Aircraft.
Not really - the experimental turbines seem to be moreso.
Of course. I was just making the point that before you spend time and money on a potential new aircraft, talk to your insurance broker. Many deals have disintegrated over insurance. Experimental Turbines are an extreme example.
|
|
Top |
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
|
Terms of Service | Forum FAQ | Contact Us
BeechTalk, LLC is the quintessential Beechcraft Owners & Pilots Group providing a
forum for the discussion of technical, practical, and entertaining issues relating to all Beech aircraft. These include
the Bonanza (both V-tail and straight-tail models), Baron, Debonair, Duke, Twin Bonanza, King Air, Sierra, Skipper, Sport, Sundowner,
Musketeer, Travel Air, Starship, Queen Air, BeechJet, and Premier lines of airplanes, turboprops, and turbojets.
BeechTalk, LLC is not affiliated or endorsed by the Beechcraft Corporation, its subsidiaries, or affiliates.
Beechcraft™, King Air™, and Travel Air™ are the registered trademarks of the Beechcraft Corporation.
Copyright© BeechTalk, LLC 2007-2025
|
|
|
|