Curious poll for all owner/operators here.
As we are nearing the end of our 980 ownership (still a year or two or three
). The discussion has come up about whether to "fix everything" before going to market or discount without fixing (i.e.- Run out the engines/interior/paint etc etc.)
I see what I would consider a near perfect commander N51DM not moving on the open market as food for thought.
No wrong answer, but interested in peoples opinions (wink wink Bruce).
Re: comment to many planes on market, most of what I have advertised is under contract or being delivered now. I don’t take them down until they are “over the curb and burning gas” as my car dealer friend used to say. There is a decent market for good planes that are realistically priced with owners willing to deliver them through the sometimes expensive buyer’s inspection where the deferred items often show themselves. Some planes do sit for a long time due to factors I don’t understand, owners who change their minds, and owners who will only sell if “someone pays their price.” It seems to me that some of the asking prices are kinda dumb. But I get it. Other factors include questions surrounding support in parts and engineering. I attended another fly in meeting in Smyrna that Bob and John Hancock organized. Twin Commander joined and I feel better after speaking to them than I have in a long time. I hope that I’m right in my optimism but I can’t control the results of their work. But at the end of the day, I’m still in it and miss the 840 enough to go buy a 690A to fly. So I’m committed to the planes as a pilot, an owner, and a support provider.
As far as fixing things, if you’re flying it, I have always personally subscribed to endeavor to fix everything that breaks and hope nothing else bites you in the ass in the dark of the night. I just left the 690A at another trusted service center because it needs some things and I can’t get to it timely. As far as engines, $500k won’t cover overhauls but an operator or buyer may have access to other engines, or an “on condition” engine plan, so there’s not likely payback to overhaul just to sell to someone else. I have engines, for example, so I would not suggest doing major upgrades for someone else. I do it sometimes. But it takes time and money and doesn’t always work. On the other hand, if a plane is due hots, or overdue for other mx, it can make great sense to get it done as a seller will otherwise take the “worst case” expense discount. And if the plane is overdue and has a bunch of squawks, an educated buyer knows there’s more to deal with than may otherwise be apparent.
I hope you and your family can enjoy your plane for years to come. Being without a 300 knot personal airliner is suboptimal, I can tell you coming from my recent withdrawal!