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 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.
Odd...I still can’t unload my Concorde.
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.
There are nice looking Tripacers advertised for under $20,000 with similar specs to a 172. Maybe you should widen your horizons a bit. And older 172s are available for reasonable prices.
That said buying a used airplane is difficult. It takes a lot of experience to figure out what is important and what is not. You need to get a prebuy inspection done by a competent and experienced mechanic. Most used planes are 40 or more years old. In real dollars airplanes are not much more expensive than they were 30 years ago but the fleet has aged since that time so you now need to be even more careful.
Late last year, my boss bought a 1980 Cessna 421C for about $320K. My son in law is the company pilot. This was before Covid. Don’t know what it’s worth now.
Heard a radio blurb today about the price of used cars skyrocketing too. The conclusion was that people were eschewing mass transit because of the WuFlu.
Perhaps it's a similar thing with GA over airlines? And private aircraft version of Uber is emerging as a result as well?
Increased aircraft sales started with the pilot shortage about 3 years ago. People bought airplanes for training.
Why high sales now? Beats the hell out of me.
If I remember right, I bought a new skyhawk back in the early 1980’s for twenty something thousand.
I only buy used political aircraft for the savage value of the booze left behind.
Sure, I was commenting to my dear hubby about this very thing. “It’s a good time to sell our Cessana, darling. We’ll get more for it now than two years ago.”
A V-tailed Bonanza is hard to beat if you a ovoid flying into a thunderstorm. Friend had one that had been beat to death by hail and it would fly faster on less fuel than any other one for the same reason there are dimples on a golf ball. It just looked bad.
Mooney also builds a good bird if you would consider a low wing.
Absolutely...
The wife and I had been considering trading in the old Ford 500 and buying a pre-used Boeing 747...
However this surge in prices may change our minds... At our age, 87 & 81, there's only so much canned dog food that we can eat to support our travel plans...