Originally Posted by
Old Boeing Driver
Time might have been a factor. The previous owner may have needed the $400K to pay for the inspections that had just been done. :-) I just have not seen any G-III's go that cheap. Not saying it couldn't happen. Insurance to operate it would have been $30-50K.
The previous owner was rich beyond belief. I think the bill to get it out of Gulfstream was $441,000. I still have a copy of the bill. What I couldn't believe was the terms on the bill. NET 30. Gulfstream doesn't give you net 30 terms unless you are bad rich. The owner's father had just died in his GIV and he said he wasn't ever getting back in the GIII. So I went to look at it.