Trade-in

[Dan Luke]

Anybody ever trade in an airplane? The misery one of my buddies is having
selling his airplane makes me wonder if it might be worth it.

How much of a hit would you expect if you trade rather than sell yourself?
--
Dan
C172RG at BFM

[Mike Rapoport]

What is he trying to sell and why is it difficult? Price?

Mike
MU-2


"Dan Luke" <c172rgATbellsouthDOTnet> wrote in message
...
> Anybody ever trade in an airplane? The misery one of my buddies is having
> selling his airplane makes me wonder if it might be worth it.
>
> How much of a hit would you expect if you trade rather than sell yourself?
> --
> Dan
> C172RG at BFM
>
>

[Roger Tracy]

He'd take the hit between wholesale and retail .. like trading in a car.



"Dan Luke" <c172rgATbellsouthDOTnet> wrote in message
...
> Anybody ever trade in an airplane? The misery one of my buddies is having
> selling his airplane makes me wonder if it might be worth it.
>
> How much of a hit would you expect if you trade rather than sell yourself?
> --
> Dan
> C172RG at BFM
>
>

[Dan Luke]

"Mike Rapoport" wrote:
> What is he trying to sell and why is it difficult? Price?

Cherokee 180. He's finally got it sold (he thinks). The tire-kickers have
driven him crazy, of course, but the "serious" buyers have been worse. Some
insist on their mechanics doing an annual at some out of town shop (no
way!), another got my friend to fly out of town for a pre-buy, then didn't
show, and one did a pre-buy and then couldn't come up with the financing. I
didn't think his price was too high: $51,000 for a pretty nice 180.
--
Dan
C172RG at BFM

[Dan Luke]

"Roger Tracy" wrote:
> He'd take the hit between wholesale and retail .. like trading in a car.

So how do you find out the wholesale value?

[Dicky]

>I didn't think his price was too high: $51,000 for a pretty nice 180.

I don't think that's out of line at all. A year ago, a friend of mine
bought a 180 in average condition with a mid time engine and good avionics
for $44,000. I helped with the research and felt he paid a fair price for
it.

[Matthew P. Cummings]

On Wed, 17 Sep 2003 15:52:35 -0500, Dan Luke wrote:

> driven him crazy, of course, but the "serious" buyers have been worse. Some
> insist on their mechanics doing an annual at some out of town shop (no
> way!), another got my friend to fly out of town for a pre-buy, then didn't

That's plain silly. When I buy a plane there is no way I'm letting the
mechanic who knows the owner and has done the previous annuals do my
pre-buy. If an owner won't let a third party examine it then I'd be
suspicious about what he's covering up.

If you're serious about selling a plane you'll deal with tire kickers, but
hopefully you'll weed them out beforehand by questioning them.

[Dan Luke]

"Matthew P. Cummings" wrote:
> That's plain silly. When I buy a plane there is no way:
> I'm letting the mechanic who knows the owner and has
> done the previous annuals do my pre-buy.

That wasn't the issue. The problem was that the guy wanted his
mechanic to do an *annual*. That means that the mech. could declare
the aircraft unairworthy for perhaps ridiculous reasons, write 'em up
in the logs and ground the airplane away from home.
--
Dan
C172RG at BFM

[Tom S.]

"Mike Rapoport" > wrote in message
ink.net...
> What is he trying to sell and why is it difficult? Price?

Extremely soft market?


> "Dan Luke" <c172rgATbellsouthDOTnet> wrote in message
> ...
> > Anybody ever trade in an airplane? The misery one of my buddies is
having
> > selling his airplane makes me wonder if it might be worth it.
> >
> > How much of a hit would you expect if you trade rather than sell
yourself?
> > --
> > Dan
> > C172RG at BFM
> >
> >
>
>

[Rich Hare]

I did something like that about 4 years ago.

I had my '56 Bonanza up for sale while I was looking for a newer one. A
broker came up with a '66 Bonanza close to what I wanted and I told him
he had to sell my old one to close the deal. He ended up putting
together a 4 plane parlay:

'66 Bonanza owner bought a Marchetti
I bought the '66 Bonanza
Two guys bought my '56 Bonanza and
the broker sold their Cessna 172.

I don't think the broker made much money for as hard as he worked, and
everybody felt they didn't get the best deal for their money, but it WAS
a way to "make something happen".

Rich

Dan Luke wrote:
> Anybody ever trade in an airplane? The misery one of my buddies is having
> selling his airplane makes me wonder if it might be worth it.
>
> How much of a hit would you expect if you trade rather than sell yourself?

[Martin Kosina]

> That wasn't the issue. The problem was that the guy wanted his
> mechanic to do an *annual*. That means that the mech. could declare
> the aircraft unairworthy for perhaps ridiculous reasons, write 'em up
> in the logs and ground the airplane away from home.

Not to nit-pick, but technically there is no such thing as IA "writing
up" an aircraft. The worst that can happen is a logbook entry that
states "Perfomed <xyz> inspection this date... list of discrepancies
given to owner", NOTHING MORE (part 43.11). Your A&P (or yourself,
under supervision or if the discrepancies fall under preventive
maintenance in appendix A) can then correct such items an approve the
a/c for return to service (without further involving the IA who
performed the inspection, BTW). Two separate tasks that can be
perfomed by two different people - inspection and return to service
(43.7).

That said, as an owner, I do understand the concern of having an
unknown party (presumably loyal to the buyer) poke around the airplane
and look for trouble, I guess I would get some basic references and
certainly not release the *original* logs to them. But I don't think
its outrageous that a buyer would want to perform a prepurchase
inspection that happens to include all the items spelled out by the
service manual for an annual inspection (hint, hint). Always two ways
to slice a cat, to both parties satisfaction, I guess that's my
point...

Martin

[Bob Noel]

In article >,
(Martin Kosina) wrote:

> > That wasn't the issue. The problem was that the guy wanted his
> > mechanic to do an *annual*. That means that the mech. could declare
> > the aircraft unairworthy for perhaps ridiculous reasons, write 'em up
> > in the logs and ground the airplane away from home.
>
> Not to nit-pick, but technically there is no such thing as IA "writing
> up" an aircraft.

"writing up" and giving a logbook entry of discrepancies are pretty
much the same thing.

--
Bob Noel

[jim rosinski]

"Matthew P. Cummings" > wrote:

> On Wed, 17 Sep 2003 15:52:35 -0500, Dan Luke wrote:
>
> > the "serious" buyers have been worse. Some
> > insist on their mechanics doing an annual at some out of town shop (no
> > way!), another got my friend to fly out of town for a pre-buy, then didn't
>
> That's plain silly. When I buy a plane there is no way I'm letting the
> mechanic who knows the owner and has done the previous annuals do my
> pre-buy. If an owner won't let a third party examine it then I'd be
> suspicious about what he's covering up.

Beg to differ. If my plane was for sale, any potential buyer who
insists on taking it out of town for a pre-buy annual inspection can
take a hike. No problem if they want to bring their mechanic on-site
for an inspection. But if that inspection is going to amount to a
full-blown annual, I'd want some kind of agreement to purchase if no
"serious" problems are found. The risk to the seller of something
getting broken, or not being put back together correctly, by an
unknown mechanic, is not insubstantial.

Jim Rosinski
N3825Q