BeechTalk - BT

Username Protected · **Posted:** 23 Mar 2010, 23:57

Username Protected wrote:

Early 2000 M.Y. airplanes were asking $500K to $550K in 2008.

Just curious, what was a CLEAN '84 going for in 2008? One that you'd have immediately installed a 550 and G600?

Username Protected · **Posted:** 24 Mar 2010, 00:26

Username Protected wrote:

Don't get me wrong. I'm not saying this applies to TODAY. Prices on all planes have dropped significantly in the last 2 years. I don't know what will happen in the next 2 years.

Early 2000 M.Y. airplanes were asking $500K to $550K in 2008. Now they're asking in the low 3's and there are a lot of them and I don't see them selling.

I'm sure you got a deal on your Bo compared to what the asking price would've been 2 years ago on it. Do you understand what I'm saying? I'm not saying that what I experienced in the last 2 years is what one will experience in the next 2 years.

Buying a 2010 Bo now for example is probably not a better deal than buying an older one now. Prices have dropped a lot compared to when I was looking. Buying a 6 pack Bo when I was looking was saving me not even $50K over a G36. That's why I bought a G36.

Not sure I follow...but I could be missing something. The plane I fly was asking $610k and purchased new (with 45 hours on it) for $545k. It was a December 2007 build date and purchased in July 2008. Are you saying that the 2000 to 2004 A36's were selling for $500k to $550k in mid 2008? We looked at a 300 hour 2006 G36 with TAT, Tip, O2, Skywatch, etc, that was asking $550k in mid 2008. I wanted the owner to buy that one but he really wanted brand new.

-Neal

Username Protected · **Posted:** 24 Mar 2010, 07:29

Well...got a late start yesterday due to a minor autopilot glitch but finally got airborne at 6pm. Made it to Craig Field in Jacksonville last night. Great time in Atlantic Beach. Off to Chapel Hill NC for lunch today. Then somewhere in eastern MD before landing finally in Boston. Great trip so far and the G500 is a very slick unit I must say.

-Neal

Username Protected · **Posted:** 24 Mar 2010, 07:39

Username Protected wrote:

Not sure I follow...but I could be missing something. The plane I fly was asking $610k and purchased new (with 45 hours on it) for $545k. It was a December 2007 build date and purchased in July 2008. Are you saying that the 2000 to 2004 A36's were selling for $500k to $550k in mid 2008? We looked at a 300 hour 2006 G36 with TAT, Tip, O2, Skywatch, etc, that was asking $550k in mid 2008. I wanted the owner to buy that one but he really wanted brand new.

-Neal

I'm talking "asking" prices. I made offers on 2000-2005 models but was turned down. So who knows what they sold for. Asking prices on those MY airplanes are much lower than they were in 2008.

Is the plane you fly a 2007 or a 2008 MY? There is a big difference in price between the WAAS equipped birds and the non WAAS.

Username Protected · **Posted:** 24 Mar 2010, 07:47

Username Protected wrote:

Well...it is isn't a Beech but it is a brand new 2010 Archer III. I'm on vacation from my day job and got a call a few days ago from a friend who sells Pipers for dealer. He asked me if I would like to deliver a brand new Archer (with G500 installed) with the owner from Vero Beach to Boston. I have about 700 hours in a 1999 Archer III and about 1100 total hours in Archers so it will be like visiting with an old friend. The owner has 3 hours fixed wing time and 50 hours rotor time so it should be a great experience for him. Got down here late last night and the closing is scheduled to occur shortly. Then its up the coast we go! Might spend the night in Chapel Hill, NC. I'll take some pictures lest many of you accuse me that it never happened.

-Neal

Neal

Have a great trip...sounds like a fun one!

Brad z

Username Protected · **Posted:** 24 Mar 2010, 22:58

Username Protected wrote:

I'm talking "asking" prices. I made offers on 2000-2005 models but was turned down. So who knows what they sold for. Asking prices on those MY airplanes are much lower than they were in 2008.

Is the plane you fly a 2007 or a 2008 MY? There is a big difference in price between the WAAS equipped birds and the non WAAS.

It is a 2007 so it isn't equipped with WAAS. The cost to add WAAS is $25k. Holding off on that for now. May do the $6k WAAS "junior" update which removes 12 hours of labor at the annual inspection (and will pay for itself over 5 years).

-Neal

Username Protected · **Posted:** 24 Mar 2010, 23:03

Username Protected wrote:

Neal

Have a great trip...sounds like a fun one!

Brad z

Thanks Brad...It was a great 10 hours or so...smooth most of the way. Missed the last flight home to NYC out of BOS by an hour tonight though, thanks to that autopilot glitch yesterday. So now I'm stuck in Boston for a night which sucks since its not much fun being around all these Boston Red Sox fans. Oh well, home tomorrow, then down to GSO to deal with the end of that pre-buy (that I still wish you guys were doing).

-Neal

Username Protected · **Posted:** 25 Mar 2010, 07:41

I know we got off the subject and started comparing models and discussing resale. Added thought:

One significant change that occurred of couple of years ago was Beech changing sales to factory direct. There's not going to be a bunch of Beech dealers sitting on old inventory and struggling to get them off their ramp this go-around. Beech adjusts production to meet current demand and that means there won't be excess new inventory when the market turns. Bonanza deliveries were less than half the norm in 2009, and that eventually will play in the used market.

I know we have a lot of economic headwinds right now, but there's a lot of pent-up demand. If (and when) we get beyond the concern of a double-dip recession, used late model Beech products could regain a bit of their lost value in a very short period of time.

Piper Archer Delivery Flight Today