Are asking prices really as unrealistic as they look

In article , xyzzy
wrote:

Been scanning airplane ads for a while and just recently started looking
some of them up using AOPA's Vref service for members.

According to that, most of the airplanes I see advertised are way
overpriced, some by significant margins.

Are the AOPA Vref prices too low?

I doubt it. According to Vref my cherokee 140 is worth over
$50,000. However, I doubt I could get that much - nor would
it be a fair price.

I always thought Vref was at least 10% too high.

--
Bob Noel
Seen on Kerry's campaign airplane: "the real deal"
oh yeah baby.

Bob Noel wrote in message ...
In article , xyzzy
wrote:

I doubt it. According to Vref my cherokee 140 is worth over
$50,000. However, I doubt I could get that much - nor would
it be a fair price.

I always thought Vref was at least 10% too high.

Maybe a Cherokiee thing. If anyone ever seens an Aeronca, Cub, or
Taylorcraft that is airworth and is priced at Vref, I'll write a check
right now. In my experience, the airworthy ones are about 50%-100%
higher than Vref (although Vref is suppose to represent airworthy
planes)
-Robert

Robert M. Gary wrote:

Bob Noel wrote in message ...

In article , xyzzy
wrote:


I doubt it. According to Vref my cherokee 140 is worth over
$50,000. However, I doubt I could get that much - nor would
it be a fair price.

I always thought Vref was at least 10% too high.


Maybe a Cherokiee thing. If anyone ever seens an Aeronca, Cub, or
Taylorcraft that is airworth and is priced at Vref, I'll write a check
right now. In my experience, the airworthy ones are about 50%-100%
higher than Vref (although Vref is suppose to represent airworthy
planes)
-Robert

That's an interesting observation, I was looking at an Aircoupe, Vref
sez $17K and the guy has it priced at $27K. It's in decent shape but not
a total cream puff. That spread is so wide as to be ridiculous and
makes me think it may not even be worth trying to negotiate with someone
who appears to be so far off. I was trying to figure out what could
acccount for such a spread. Maybe Vref doesn't do as good a job on
older cheaper planes, or it's as you said above, or maybe the guy is
just proud of his plane.

I also looked at Cherokee 140's and see that Vref's prices are closer to
what people are asking. Maybe they just do a better job with some
aircraft types than others, particular commonly sold vs. rarely sold.