In a previous article, "Jim Carter" said:
I'm starting to narrow down my target aircraft and just today started
looking at them through Vref at the same time. I'd like to read your

I'll echo what Doug said - we just sold our club's Warrior, and only got
about 75% of what Vref said we should have gotten for it. It's a good
market to be buying, and a terrible market to be selling.

Our club's Lance has a run-out engine and old avionics. With the prices
so far down, we're wondering if it wouldn't be cheaper to buy a newer
Saratoga with a mid-time engine and new avionics than to overhaul the
engine and prop and install a GPS in this Lance - I'm sure the upgrade
would cost close to $60K, and the plane probably isn't worth much more
than $50K as is. So do we spend $60K on upgrades, or do we sell it for
$50K and see what we can get for $110K in the current market? Who knows.


--
Paul Tomblin http://blog.xcski.com/
The only sensible way to estimate the stability of a Windows server
is to power it down and try it out as a step ladder.
-- Robert Crawford