05 May 2025, 15:02 [ UTC - 5; DST ]
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Username Protected
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Post subject: Re: a free airplane for 5 years  Posted: 07 Jun 2022, 14:06 |
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Joined: 03/23/08
Posts: 7357
Post Likes: +4085
Company: AssuredPartners Aerospace Phx.
Location: KDVT, 46U
Aircraft: IAR823, LrJet, 240Z
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Username Protected wrote: a friend of mine bought a cirrus sr22 about 5 years ago and just sold it for $200K more than he paid. he claimed he averaged $35K/YR all in to operate it, so pretty much had a free plane for 5 years If he replaces that plane he is crazy.
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Tom Johnson-Az/Wy
AssuredPartners Aerospace Insurance
Tj.Johnson@AssuredPartners.com
C: 602-628-2701
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 15:11 |
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Joined: 07/19/10
Posts: 3153
Post Likes: +1523
Company: Keller Williams Realty
Location: Madison, WI (91C)
Aircraft: 1967 Bonanza V35
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Based on https://www.bls.gov/data/inflation_calculator.htmIf he bought that Cirrus in Jan 2017 for $750k the inflation ate most of his 'gain' and he definitely didn't make any on that deal, if you count opex Attachment: 2022-06-07_14-10.png
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 17:41 |
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Joined: 03/17/20
Posts: 92
Post Likes: +62
Location: Houston (KDWH)
Aircraft: A36TN
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The IRS has entered the chat...
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 18:10 |
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Joined: 05/06/14
Posts: 7010
Post Likes: +8408
Company: The French Tradition
Location: KCRQ - Carlsbad - KTOA
Aircraft: 89 A36 TN, 78 Tiger
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Good for him... As long as he got out of flying. Some can... Some can't... I rather keep flying 
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Bonanza 89 A36 Turbo Norm
Grumman Tiger 78
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 18:22 |
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Joined: 05/01/14
Posts: 9261
Post Likes: +15850
Location: Операционный офис КГБ
Aircraft: TU-104
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Username Protected wrote: The IRS has entered the chat... Yes, despite inflation eating into the value of his dollars to the point he didn't really make anything, the IRS taxes you on absolute gains.
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Be kinder than I am. It’s a low bar.
Flight suits = superior knowledge
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 18:47 |
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Joined: 02/22/12
Posts: 2469
Post Likes: +1013
Aircraft: G36 turbo normalized
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Username Protected wrote: Based on https://www.bls.gov/data/inflation_calculator.htmIf he bought that Cirrus in Jan 2017 for $750k the inflation ate most of his 'gain' and he definitely didn't make any on that deal, if you count opex Attachment: 2022-06-07_14-10.png he bought a 2012 sr22 in 2017. he had an engineering consulting business that he sold to a larger company and didn't need the plane anymore. not sure what opex means but the $35k/yr incl all ownership costs
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 19:00 |
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Joined: 01/23/13
Posts: 9100
Post Likes: +6862
Company: Kokotele Guitar Works
Location: Albany, NY
Aircraft: C-182RG, C-172, PA28
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Username Protected wrote: Based on https://www.bls.gov/data/inflation_calculator.htmIf he bought that Cirrus in Jan 2017 for $750k the inflation ate most of his 'gain' and he definitely didn't make any on that deal, if you count opex Attachment: 2022-06-07_14-10.png he bought a 2012 sr22 in 2017. he had an engineering consulting business that he sold to a larger company and didn't need the plane anymore. not sure what opex means but the $35k/yr incl all ownership costs
Opex=Operating Expenses.
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 19:47 |
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Joined: 12/29/14
Posts: 8383
Post Likes: +5334
Location: Brunswick, Ga
Aircraft: PA32RT-300T
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Username Protected wrote: he bought a 2012 sr22 in 2017. he had an engineering consulting business that he sold to a larger company and didn't need the plane anymore. not sure what opex means but the $35k/yr incl all ownership costs Opex=Operating Expenses.[/quote] all ownership costs includes operating costs, does it sound low at $35k/yr?[/quote] Not really. I'm around 20k for the Lance.
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 19:54 |
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Joined: 11/20/14
Posts: 6718
Post Likes: +4920
Aircraft: V35
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If you own an airplane and it helps you grow your business, that would be your ROI. You might pay for that $20-$35-$50k+ annual ownership cost many times over. Ask Ciholas about this.
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Post subject: Re: a free airplane for 5 years Posted: 07 Jun 2022, 20:50 |
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Joined: 02/17/15
Posts: 624
Post Likes: +801
Location: Bellevue WA
Aircraft: T210M
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Even though my airplane is not a true business expense it has saved enough time and added to my quality of life in ways that have made my business more successful.
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