Re: LS10 info

[Stewart Kissel]

When discussing purchase costs of gliders....I have
decided to compare them to SUV's. You can buy a perfectly
fine used glider for $30-$40k....or you can go into
six digits for something a little better at the margin.


And try and sell a 10 year old Escalade for what you
paid for it.

[Eric Greenwell]

Stewart Kissel wrote:
> When discussing purchase costs of gliders....I have
> decided to compare them to SUV's. You can buy a perfectly
> fine used glider for $30-$40k....or you can go into
> six digits for something a little better at the margin.
>
>
> And try and sell a 10 year old Escalade for what you
> paid for it.

In fact, this is also the desirable situation for gliders: buying a
brand new glider for $30-$40K like a new SUV would cost, and selling the
10 year old glider for much less than you paid for it. A major reason
old gliders hold their value is that new ones cost considerably more.

I've bought 5 gliders and sold 4. When I was able to sell my used glider
for what I paid for it (or more), I also had to pay far more for the new
one. When I had to take a loss on my used one, it was because I could
buy a new one at a very attractive price. My overall costs for trading
up were much less the time I sold the used glider at a loss than the
time I made a big profit on my used glider.

The only people that benefit from high used prices are those people
leaving the sport. People getting into the sport or trading up to a new
glider do not benefit, and neither does the sport.
--
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Eric Greenwell
Washington State
USA