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Old 15th May 2007 | 14:04
  #36 (permalink)  
IO540
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Joined: Jun 2003
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From: EuroGA.org
The bottom started to fall out of the certified market 2-3 years ago. Prices actually paid have fallen some 30% just in the past year or two.

Now, a 5 year old IFR tourer in perfect condition, bought for £200k and with another £100k spent on it, might fetch £130k. An original model would have "merely" halved in value in 5 years. And this is aluminium - composites are worse affected (for whatever reason).

Planes have turned into cars. It's going to take a while for people to accept this though!

The only way to get one's money out of a plane is to do what one would do with a car: keep it for a long time, 10 years at least.
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