TazzyTazzy
Pre-takeoff checklist
- Joined
- Sep 17, 2013
- Messages
- 359
- Display Name
Display name:
Mitch
So, we've settled on a 182P or 182Q. We have cash on hand and no financing required. We are comfortable with an $80-85k outlay and still have room for reserves.
However, it seems many people are smoking crack on their prices. For example, many in the $70-90K range:
There are two of us in this partnership. The other partner is an A&P. We are ok if we need to tear out the interior and can do it ourselves. We are good upgrading the avionics stack (my A&P buddy wouldn't do it, but we'd pick the stack carefully and have a reputable shop do it).
Using the NAAA price guide from trade-a-plane, the prices listed are at or above the NAAA price guide range. After putting in the details of a few planes (takes a while), the estimated price is several 10's of K below the asking price. Is this normal? For example, saw one listed for $89 key, estimated to be $64k. Is this gap normal?
I don't want to be one those 'low-ballers', but how to avoid this? Obviously, the plane will need to be appraised - but I don't want to spend a few hundred dollars on that if the seller won't come done. I know there are several posts here about sellers not wanting to come down - attachment, etc etc.
So, how does one get around the chicken an egg? Since I'm California, the average distance is at least 5+ states away. After looking at pictures, digital logs, do I make a low-ball offer pending an appraisal? Then after we settle the price contingent on pre-buy?
Too many chicken & eggs. Which order goes first?
But here's the deal. Many of the 182's I've been finding in the listings are being sold by dealers. How do I go about getting a good plane, at a fair price to the seller without paying the markup to the reseller? Obviously, I would need to find the person selling the plane before a reseller does. I have the cash and ready to buy. I just don't want to part with more than I have too and I want a good example.
Arggg. Frustrating!
However, it seems many people are smoking crack on their prices. For example, many in the $70-90K range:
- Within 100 hours of TBO, with 20% of them past TBO.
- Original, non-upgraded avionics. Basic IFR stuff going on.
- Original interior, owner rated as 6-7, but should be 3-5.
- Original paint, granted many of them have always been hangered and in good shape.
There are two of us in this partnership. The other partner is an A&P. We are ok if we need to tear out the interior and can do it ourselves. We are good upgrading the avionics stack (my A&P buddy wouldn't do it, but we'd pick the stack carefully and have a reputable shop do it).
Using the NAAA price guide from trade-a-plane, the prices listed are at or above the NAAA price guide range. After putting in the details of a few planes (takes a while), the estimated price is several 10's of K below the asking price. Is this normal? For example, saw one listed for $89 key, estimated to be $64k. Is this gap normal?
I don't want to be one those 'low-ballers', but how to avoid this? Obviously, the plane will need to be appraised - but I don't want to spend a few hundred dollars on that if the seller won't come done. I know there are several posts here about sellers not wanting to come down - attachment, etc etc.
So, how does one get around the chicken an egg? Since I'm California, the average distance is at least 5+ states away. After looking at pictures, digital logs, do I make a low-ball offer pending an appraisal? Then after we settle the price contingent on pre-buy?
Too many chicken & eggs. Which order goes first?
But here's the deal. Many of the 182's I've been finding in the listings are being sold by dealers. How do I go about getting a good plane, at a fair price to the seller without paying the markup to the reseller? Obviously, I would need to find the person selling the plane before a reseller does. I have the cash and ready to buy. I just don't want to part with more than I have too and I want a good example.
Arggg. Frustrating!