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Author Topic: Pricing  (Read 16071 times)

JMA

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Pricing
« on: December 23, 2016, 11:42:55 am »
Steve/Don/Bruce-
Curious if you would know a rough estimate of the going price of a 980, looking down the road a bit.
If details are needed let me know.

donv

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Re: Pricing
« Reply #1 on: December 24, 2016, 01:59:56 am »
Well, I think the sad 980 sets the low end of the bar:

http://www.controller.com/listings/aircraft/for-sale/1442491/1980-commander-980

I see in the other thread they're down to $160k now?

Anyway, that's the bottom of the market.

I think, assuming a reasonably well cared for airplane, that it really depends on the engines. I'm going to guess $600k with runout engines, to $1.1-1.2 million with newly overhauled engines and updated avionics.

Please take that with a big grain of salt, as I'm not in the market, and only see the occasional asking price and read threads on here.

Adam Frisch

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Re: Pricing
« Reply #2 on: December 24, 2016, 04:07:11 pm »
If you'd asked me about 2 years ago I would have said $500-800K. But now, I think Donv's numbers are spot on. Sucks for me, because that was my next step. But maybe by the time I get ready for a change, we have a new economic crisis on our hands.
« Last Edit: December 24, 2016, 04:12:40 pm by Adam Frisch »
Slumming it in the turboprop world - so you don't have to.

donv

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Re: Pricing
« Reply #3 on: December 24, 2016, 06:02:56 pm »
Adam, it's funny because I would have guessed that the prices have been relatively stable over the last 5 years... if anything, maybe down a little bit over the last year or two.

Bruce would be the one who knows.

donv

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Re: Pricing
« Reply #4 on: December 26, 2016, 02:42:35 pm »
JMA, I would add that personally, I'm a sucker for pristine histories, one owner, etc. However, I'm not in the market for a Commander, and I don't necessarily get the sense that others care as much about that stuff as I do.

Yours is probably the last one-owner Jetprop in existence, and that's pretty special-- but most likely only to someone like me.

Adam Frisch

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Re: Pricing
« Reply #5 on: December 26, 2016, 03:15:26 pm »
Adam, it's funny because I would have guessed that the prices have been relatively stable over the last 5 years... if anything, maybe down a little bit over the last year or two.

Bruce would be the one who knows.

Market has def gone up. You used to see sub-$450K 690's all the time, but they're rare today and when they turn up they either need SB241 done, have high time -5's or some other thing that needs immediate attention.
Slumming it in the turboprop world - so you don't have to.

JMA

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Re: Pricing
« Reply #6 on: December 27, 2016, 12:06:54 pm »
Thanks Don- yeah just trying to guess a 'ballpark' range.
I'm in agreement with you, love the history.  Longest tenant at PHL Atlantic Aviation...

Bruce Byerly

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Re: Pricing
« Reply #7 on: December 27, 2016, 06:00:43 pm »
Thanks Don- yeah just trying to guess a 'ballpark' range.
I'm in agreement with you, love the history.  Longest tenant at PHL Atlantic Aviation...

Jason - until you want to sell, it doesn't really matter outside of an insurance value.

A 980 is worth from $25k (see SAD 980) to about $1.9 depending on the plane. Or, whatever someone is willing to pay for it at that moment! 

Your dad seems sharp so don't sell his plane yet!

donv

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Re: Pricing
« Reply #8 on: December 28, 2016, 01:37:21 pm »
$1.9 for a 980? Have you put any G950s into 980s, or even 840s?

JMA

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Re: Pricing
« Reply #9 on: December 29, 2016, 01:01:16 pm »
1.9!!! WOW!
I figure Im looking down the road 1-2 years...

Bruce Byerly

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Re: Pricing
« Reply #10 on: January 04, 2017, 12:44:19 pm »
1.9!!! WOW!
I figure Im looking down the road 1-2 years...

I don't mean to get you excited, my point with that number is if one does everything short of a Renaissance, that's what it will likely cost. You can spend $500k on a panel.  Right now there are fantastic planes around $1m plus or minus.  Lots of plane for the money in today's market. It's a good time to buy.

Steve binnette

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Re: Pricing
« Reply #11 on: January 14, 2017, 01:02:12 pm »
Timing has a lot to do with it.  Sometimes all you see are 690s for sale, but right now there has been a bunch of good jetprops competing with each other.

It's a great time to buy a jetprop but I would wait to sell one until the cycle repeats itself.

JMA

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Re: Pricing
« Reply #12 on: January 14, 2017, 01:50:52 pm »
Thanks all for the input...  I keep an eye on controller but 'call for price' doesn't really give you any ideas.
Will be a sad day when we let the ol' girl go.

Adam Frisch

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Re: Pricing
« Reply #13 on: January 14, 2017, 02:02:46 pm »
Whenever Call for Price is there you already know they want too much for it. Every time.
Slumming it in the turboprop world - so you don't have to.

donv

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Re: Pricing
« Reply #14 on: January 15, 2017, 11:36:00 am »
I keep an eye on Controller, and it seems like many of those airplanes have been on the market for years and years... to me, that's a sign that the price is too high and they don't really want to sell.