Decision time

Our partnership decided to sell our '77 Warrior II while it still had about
400 hrs left before TBO. That was a year ago. There is about 200 hrs left
now. Vref shows about 48K and we've dropped the price to 42K. She needs
paint and is right at TBO. She still runs strong and burns about 1qt of oil
every 10-12 hours. All the ADs are current and other than the paint, there
are no squawks. Its a good IFR platform and time builder with an STEC 40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008

nobody wrote:

Should we:

a.) drop the price to 35K

Take a look at various web sites and sales magazines (including TAP) and see
what similar aircraft are going for. Then price yours a bit cheaper.

b.) overhaul and paint (17K) and ask 59K

Avoid this one. You'll be lucky to get back half of what the paint and overhaul
cost you. Many prospective buyers will also be put off by the recent overhaul,
figuring that you did it as cheaply as possible just to sell the plane.

c.) do nothing and hope that we will eventually find a buyer

A friend of mine had this motto over her desk - "If you keep doing what you're
doing, you'll keep getting what you're getting."

d.) something else that we haven't thought of

Couple of things. You can crash it, hope to survive, and take the insurance
settlement. Not a good idea, in my opinion. Here's a better one. There are some
brokers out there that advertise "cash on your ramp." Doesn't hurt to call one
and see what the deal is. If you go that route and like the broker, send him my
way.

I've got my plane advertised on the AOPA web site and at www.SellAviation.com.
Got a couple calls so far, but nothing's going to sell until things settle down
after the holidays. Jim Fisher had good results from www.ASO.com.

George Patterson
The desire for safety stands against every great and noble enterprise.

Take a look at various web sites and sales magazines (including TAP) and
see
what similar aircraft are going for. Then price yours a bit cheaper.

Yep, did that last night. Found 34 similar aircraft. Lowest was 37K and
highest was 75K the avg was 52,132. We've advertised on AOPA, TAP and ASO.

Avoid this one. You'll be lucky to get back half of what the paint and
overhaul
cost you. Many prospective buyers will also be put off by the recent
overhaul,
figuring that you did it as cheaply as possible just to sell the plane.

I'm trying to justify it by flying it a few more years if we go this way.

...You can crash it, hope to survive, and take the insurance
settlement. ...

That actually crossed my mind ;-) [ashamed look goes here]

Thanks for the input George,
Ed

"G.R. Patterson III" wrote in message
...


nobody wrote:

Should we:

a.) drop the price to 35K

Take a look at various web sites and sales magazines (including TAP) and
see
what similar aircraft are going for. Then price yours a bit cheaper.

b.) overhaul and paint (17K) and ask 59K

Avoid this one. You'll be lucky to get back half of what the paint and
overhaul
cost you. Many prospective buyers will also be put off by the recent
overhaul,
figuring that you did it as cheaply as possible just to sell the plane.

c.) do nothing and hope that we will eventually find a buyer

A friend of mine had this motto over her desk - "If you keep doing what
you're
doing, you'll keep getting what you're getting."

d.) something else that we haven't thought of

Couple of things. You can crash it, hope to survive, and take the
insurance
settlement. Not a good idea, in my opinion. Here's a better one. There are
some
brokers out there that advertise "cash on your ramp." Doesn't hurt to call
one
and see what the deal is. If you go that route and like the broker, send
him my
way.

I've got my plane advertised on the AOPA web site and at
www.SellAviation.com.
Got a couple calls so far, but nothing's going to sell until things settle
down
after the holidays. Jim Fisher had good results from www.ASO.com.

George Patterson
The desire for safety stands against every great and noble
enterprise.

On Tue, 28 Dec 2004 02:15:55 GMT, "nobody"
wrote:

Our partnership decided to sell our '77 Warrior II while it still had about
400 hrs left before TBO. That was a year ago. There is about 200 hrs left
now. Vref shows about 48K and we've dropped the price to 42K. She needs
paint and is right at TBO. She still runs strong and burns about 1qt of oil
every 10-12 hours. All the ADs are current and other than the paint, there
are no squawks. Its a good IFR platform and time builder with an STEC 40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008



Look around for a good price on overhaul, even if it means you don't
have the plane to use for a couple months. Get the overhaul done, fly
the hell out of it for 3 years or so, and then sell it. Hopefully the
economy changes a little and it'll be easier to sell then than it
would be now.

HTH.
z

"nobody" wrote in message
m...
Our partnership decided to sell our '77 Warrior II while it still had
about
400 hrs left before TBO. That was a year ago. There is about 200 hrs left
now. Vref shows about 48K and we've dropped the price to 42K. She needs
paint and is right at TBO. She still runs strong and burns about 1qt of
oil
every 10-12 hours. All the ADs are current and other than the paint,
there
are no squawks. Its a good IFR platform and time builder with an STEC 40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008



If you REALLY want to get rid of it, put it on Ebay with no reserve.

karl

G.R. Patterson III wrote:

I've got my plane advertised on the AOPA web site and at
www.SellAviation.com. Got a couple calls so far, but nothing's
going to sell until things settle down after the holidays. Jim
Fisher had good results from www.ASO.com.

The price is sure right for advertising at SellAviation.com (free or
$9.95 depending on how prominent you want your ad to be). But their
user interface is ****-poor. No way so far as I can tell to sort by
price, model, or even manufacturer. ASO is excellent in this regard.
Jim Rosinski

Do they want to get rid of the Warrior because of the run out engine?
Is it paid for.. not costing the club $$ other than insurance and operation?
Do they want to replace the warrior with a step up airplane? Archer or
Arrow?
Did the club set aside a rebuild fund?

A Warrior is a perfectly good training airplane.. why not just invest the
dollars for a rebuild and keep the plane? if they have not sold it in a
year... why not?

BT

"nobody" wrote in message
m...
Our partnership decided to sell our '77 Warrior II while it still had
about
400 hrs left before TBO. That was a year ago. There is about 200 hrs left
now. Vref shows about 48K and we've dropped the price to 42K. She needs
paint and is right at TBO. She still runs strong and burns about 1qt of
oil
every 10-12 hours. All the ADs are current and other than the paint,
there
are no squawks. Its a good IFR platform and time builder with an STEC 40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008

Ed,
I was considering an older warrior because I have many hours in them
from my training. I looked at a ton of ads before I settled on buying a
citabria. I woke up and realized that my wife and kids aren't going
flying with me. The total time is great. The time SMOH isn't
horrible. I felt like I'd either want a recent overhaul from a name
shop or pay a lot less for a high time engine and get it overhauled (I
ended up with a 500 hour factory overhaul in the citabria I bought).
All in all your plane seems like a good choice except for price. Your
website has it listed for 46000. A couple of other things, dump the
nearly three year old picture. To me, it looks like you're hiding
something. List the location of the airplane. Take better interior
photos. The interior looks fine but there's a seat belt hanging in
almost every picture. Unlock the belts, fold them neatly on the seats
and take better pictures. Doesn't sound like much but you'd be
surprised. BTW, the autopilot is a real plus. Most warriors don't have
them. I'd list that as the number one item under avionics.

Good luck
Dave
68 7ECA

nobody wrote:
Our partnership decided to sell our '77 Warrior II while it still had about
400 hrs left before TBO. That was a year ago. There is about 200 hrs left
now. Vref shows about 48K and we've dropped the price to 42K. She needs
paint and is right at TBO. She still runs strong and burns about 1qt of oil
every 10-12 hours. All the ADs are current and other than the paint, there
are no squawks. Its a good IFR platform and time builder with an STEC 40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008

Its not a club, it is a four way partnership and the plane is owned free and
clear. The plane was purchased to sell as a run out as the partnership has
done twice before. We had never intended to rebuild which is why we didn't
keep a rebuild fund.

One other partner and I fly mostly x/c and want a faster plane with longer
legs. The other two are satisfied with short day trips and the low
operational costs ( 7-9 gph ).

I think if we decide to keep it, we will paint it now and wait to rebuild it
until we actually get to TBO.

Ed

"BTIZ" wrote in message
news:qx5Ad.59861$QR1.41363@fed1read04...
Do they want to get rid of the Warrior because of the run out engine?
Is it paid for.. not costing the club $$ other than insurance and
operation?
Do they want to replace the warrior with a step up airplane? Archer or
Arrow?
Did the club set aside a rebuild fund?

A Warrior is a perfectly good training airplane.. why not just invest the
dollars for a rebuild and keep the plane? if they have not sold it in a
year... why not?

BT

"nobody" wrote in message
m...
Our partnership decided to sell our '77 Warrior II while it still had
about
400 hrs left before TBO. That was a year ago. There is about 200 hrs
left
now. Vref shows about 48K and we've dropped the price to 42K. She
needs
paint and is right at TBO. She still runs strong and burns about 1qt of
oil
every 10-12 hours. All the ADs are current and other than the paint,
there
are no squawks. Its a good IFR platform and time builder with an STEC
40,
dual nav/coms and a panel GPS.

Should we:

a.) drop the price to 35K
b.) overhaul and paint (17K) and ask 59K
c.) do nothing and hope that we will eventually find a buyer
d.) something else that we haven't thought of

Ed

http://www.mekainc.com/n40008

Why not just fly it until the engine tells you it is time to overhaul/replace?
What are the cylinder compressions? The oil consumption is fine. What does
your oil analysis show? What have you found in the oil filter and sump screen?
How often have you been changing the oil?

TBO is not a magic number where the engine suddenly deconstructs. Fly it as far
past TBO as you can while monitoring the engine health.

Demonick