"George Patterson" wrote in message
news:hULHe.2231$b91.1924@trndny06...
Matt Barrow wrote:

Did he know the book value?

No, which is exactly my point.

Actually, he never said one way or the other.

Lots of people here are yammering that the seller
should take $14k off the *selling price* 'cause of the old engine. No. He
should
be taking some amount off the *book* value. Unless you know what that is,
you
can have no idea whether the selling price is too high or not.

And, again, he never said yea or nay.

The seller, AIR, didn't offer an adjustment from the bookprice (as you
suggest), but offered an adjustment based on the TBO of the engine which was
roughly 35% of he O/H cost.

Given the fellow was a student, a newbie, I may be wrong, but I'd guess
(given my skeptical nature) the seller saw a plum ripe for the picking.


--
Matt
---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO