Posted on 09/08/2020 8:54:06 AM PDT by amorphous
I like to stay abreast of prices. Looking at the Aircraft Sales Online website, I saw an asking price for a 2003 Cessna 172S of over $175,000 and only 16 172s for sale, usually there are dozens. On trade-a-plane, I see newer 172s going for over $400,000!
Does anyone know why the vast and sudden increase in price and drop in the number of used GA aircraft for sale?
The wall.
Interesting.
Nothing turns up for my FR handle.
My 210 value has been flat for 20 years. Or more.
Money is cheap now. The cost of buying with financing, much like real estate, is lower.
Might also be a reflection of profits taken from overvalued Nasdaq stocks as well. Why not buy a plane...
IMHO besides NY City and San Francisco real estate, I find the large majority of goods and services I use are rising in price.
The vanities are REALLY vanities lately :-) I hope the people with all of this dough are donating regularly :-)
Answer = More people buying than selling......
It could be that supply fluctuates rapidly due to these tax changes.
I mostly track 172s, so maybe it’s a model thing? Maybe the training schools are buying them up?
Lol, I do but only anomalously... ;)
I wonder what my 172N Penn Yan Superhawk with Garmin Stack and Full Autopilot is worth now?? I only paid 45k for it before the avionics upgrade, I have it insured for 100K, but I will NEVER sell it, my wife will after I die.
I want a Lake amphib price to come under 100k....love those things.
LA-250 Seawolf or 270 Sea Fury are in my sights.
It sounds like you have it insured about right. I remember when the “N” model was selling for 45k. I almost bought one but settled on an RG.
Odd...I still can’t unload my Concorde.
I don’t think they ever will again. I like that aircraft too. :)
I hear they’re looking for a supersonic replacement for AF1. You might give ‘em a call. :)
My buddy just sold his Cherokee 140 that he left sitting for 12 years after a fresh annual for $2300. The local vocational school refused to take it as a donation. He stopped flying afer he was diagnosed with cancer and is lucky to be alive.
There are lots of nicely restored Cherokees available for around $30,000. They have typically have the same basic O-320 engine as a 172 from the same time period and have 50 gallon tanks instead of 36 gallon tanks. The specs you typically find on range when making a comparison are completely inaccurate. We have flown our Cherokee over 700 miles with reserves on many occassions. A 172 will not do that.
Since there are no wing struts they are less draggy and are slightly faster at the same fuel burn. The tires are typically larger in diameter which helps on rough fields. The main gear is 10 feet apart which greatly adds to stability when taxiing around and landing in a crosswind.
A 172 typically has about 100 pounds more usefull load and will clear a 50 foot obstical in less distance and can climb out at a slightly steeper angle at the expense of more dramatic power on stall characteristics.
Or is a GA airplane the ultimate bug-out machine to fly the family to the prepared hideout in the boonies?
A 172 flys slower, and its gear will absorb more impact, plus you can see where you’re landing. :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.