PPRuNe Forums - View Single Post - New to flying - advice sought on what to buy
Old 5th February 2011 | 16:38
  #10 (permalink)  
AdamFrisch
 
Joined: Sep 2006
Posts: 1,631
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From: Los Angeles, USA
I agree.

Many heads are still mentally in the price range of where aircraft were in the mid-2000's. It's changed dramatically since then. Back then it used to be that if you bought an airplane with a run out engine for 20K, put a new engine on it that cost 20K, you could turn around and sell the whole thing for 40K. This won't happen these days. Hell, you could even get finance on engines - try that now.

There are tons of bargains to be had, here and abroad. It's a buyer's market.

I just bought a twin, in annual, with a kosher pre-buy inspection, good shape, no corrosion, with 300hrs left before TBO on each engine for $38,500. They used to be 80-100K not that many years ago.
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