Ted
The pilot formerly known as Twin Engine Ted
- Joined
- Oct 9, 2007
- Messages
- 30,019
- Display Name
Display name:
iFlyNothing
So if a guy shows up at the Porsche dealer ready to write the $100,000 check or put it on his Black American Express card, the dealer should say, "Sorry. I can only let you buy the VW Cabrio."?
Actually, that's prolly not a bad idea.
Well, this is how guys like me can go out and buy these nice cars for pennies on the dollar. When my Jaguar XJS V12 was new back in 1992 it cost somewhere in the $50-60k range (figure closer to $100k when adjusted for inflation in today's dollars), and I was 8 years old and going "Ooh... shiny...". A bunch of rich folk who don't know the difference between an open end wrench and a welder were kind enough to buy the car, absorb the depreciation, keep it in mint condition, and then sell it to me for about the same price as a new bottom-of-the-line Kia when I bought it last year. One of them was even kind enough to have the TH400 automatic ripped out and put in a 5-speed manual. Great decision on his part!
The same goes for Ferraris, Lamborghinis, Porsches, BMWs, Mercedes, and any other high end car, or airplane. Rich people can afford them. We can't. But they will absorb the depreciation and eventually we might be able to buy them at a reasonable cost. How many of those people are actual drivers? My cousin went out and bought a Mercedes SL550 about a year ago - $100k car. One day, someone else who's knows a steering wheel from a shifter (my cousin sure doesn't) will buy the car.
For those of us who aren't affluent enough to be able to go out and buy these new planes, it should be important to us to see companies making nice planes sell them to people who can afford them. It both keeps the industry alive and preserves these planes for us to buy at a later point in time. C'mon, who amongst us wouldn't want a Columba? And who amongst us want the Columba, but can probably more realistically afford an early Mooney or V-tail Bonanza.
The problem comes in when rich people buy these planes as transportation, but then exercise poor judgement in how to use that transport. They probably are competent enough pilots so long as they're flying on nice days with little to no winds, etc., and would probably be fine in those conditions even in a more forgiving plane. 172 comes to mind there, and I certainly can't afford $230,000 for a new one of those.
I don't want these rich people to stop buying the planes (or cars), because then in 20 years they won't be around for me to buy. What I do want is for them to be great pilots, so that they won't crash the plane before I have a chance to buy it.