FloridaPilot
Pattern Altitude
Have you guys noticed that Cirrus SR22 prices has gone up considerably?
Cirrus SR22 prices going way up?
- Thread starter FloridaPilot
- Start date
RudyP
Cleared for Takeoff
Cant say that I have. Are you talking about used asking prices, used closing prices or new list price?
jonnyjetprop
Cleared for Takeoff
I've noticed that the used prices have been rising.
FloridaPilot
Pattern Altitude
Yes, used prices. I have been following prices for a few years now. I wish I had some stats to back it up.
tspear
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Timothy
The prices are following the price hikes from Cirrus on the G3, then FIKI then G5...
As a percentage off new, it was roughly the same for a plane five years ago for a five year old plane. Problem ia the base price of new planes in the past decade has climbed from 400k to 700k.
Tim
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.PaulS
Touchdown! Greaser!
Asking prices or selling prices?
mkosmo
Pattern Altitude
But a fraction the price. A chute repack is what, $12k?
jonnyjetprop
Cleared for Takeoff
Asking prices. Yes, there's variation within model years to reflect the closeness to the chute repack. For the 10 year old aircraft (chute required now ), the price reflects whether it has been done.
Owning a Cirrus has been a dream/one day proposition for me for awhile.
Owning a Cirrus has been a dream/one day proposition for me for awhile.
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Clip4
Touchdown! Greaser!
Cheaper fuel and a descent economy. They will correct whenever the economy down turns.
Todd82
Line Up and Wait
True, I was thinking a $15k impact on the type of planes I can afford, I can't think from a Cirrus perspective.
mkosmo
Pattern Altitude
The idea behind the Cirrus Perspective is that you don't need to think ;-)True, I was thinking a $15k impact on the type of planes I can afford, I can't think from a Cirrus perspective.
Anymouse
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Total Stud Bush Pilot
Don't know about the prices going up, but in my opinion the started way up!!
ZeroPapaGolf
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ZeroPapaGolf
True, I was thinking a $15k impact on the type of planes I can afford, I can't think from a Cirrus perspective.
What engine would 15k overhaul?
mkosmo
Pattern Altitude
If you go really cheap on a decent specimen, you could get an O-320 OH'd that cheap.
EugeneR
Pre-takeoff checklist
For the same year? Across all models or G3 and newer? I've been following the prices for late G1 (Avidyne glass) and G2 for a few months now and don't see any upward or downward trend, but my time span is pretty short.
Datadriver
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Datadriver
My profile pic is from a borrowed SR22. Looks like I will continue to have to borrow.
hindsight2020
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hindsight2020
Indeed. Field OH to new limits with cylinders that still meet spec or O/H units, most 360 (parallel valve) and 320 variants can be done for that little. But if you get uppity and "firewall forward me Johnny" with the name brand, yeah not so much.
FlyingElvii
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flyingElvii
The demand for used Cirrii keeps the prices high. Flying club at my home drone just bought one.
EminiTrader
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I track them really close. I bought a 2004 in 2015 that had 400 SMOH Avidyne R9 and A/C. I bought it for 235. Sold it for a profit and it just sold again for 250K
arnoha
Cleared for Takeoff
This, yeah. 9 of 51 aircraft are Cirrus at my club. 28 are Cessna, and we know Cessna prices are also a bit silly. The Cirrus rent from $193 to $375 per hour...and they fly plenty.
At this time, they can't make them fast enough to fill demand. The last time that happened, they expanded production to match demand and when the market collapsed for a while they had a large over-capacity and they had to walk away from some facility leases. Also, that bubble of early SR22s combined with the economic crisis is what created the myth that Cirrus depreciate rapidly. This time around, it looks like they have taken a different tack: Raise prices, keep production at the current level and watch people fight over your product.
EminiTrader
Cleared for Takeoff
That seems to sum it up nicely.