Price of 10 year old PA34-220T Seneca V
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Price of 10 year old PA34-220T Seneca V
Can anyone hazard a guess what the price of a Piper Seneca V with a camera hole and 7,000hrs (airframe) would be in 10 years time from now? I can only find 7,000hr aircraft that are 20 to 30+ years old.
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I am assuming that they will have been replaced with overhauled engines as they time expire during the 10 years
i.e. they will be replaced each time they reach the 1,800 hr TBO's of the Continentals. So in theory they would only have about 200hrs left to go at 7,000hrs.
i.e. they will be replaced each time they reach the 1,800 hr TBO's of the Continentals. So in theory they would only have about 200hrs left to go at 7,000hrs.
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Are we talking $100,000 or $400,000, given the FAF price is $800,000? Rough guess-timate is OK.
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If you're doing a financial plan for a business then err on the side of caution. You're guaranteed to get at least nothing for it and any more than that would be pure profit.
If you need to know exact costs you could perhaps lease?
StraightLevel
If you need to know exact costs you could perhaps lease?
StraightLevel
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Thanks for the helpful posts above (StraightLevel). Yes, a BP was the need. Operational costs calc. required residual value. I see no valid answer is possible. Thread closed.
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As a non-pilot myself, I'd already worked out,
1- engine-life remaining
2- age is less relevant than condition
3- fuel-prices and availability are TOTALLY UNKNOWN for a decade hence
4. The value of a well-worn specialised-purpose heap of unwanted commercial kit,is probably salvage-value.
Given that you appear not to have worked through the above, I'm puzzled that you consider you are in a position to "pull together" a complete and realistic business plan.
You have already seen some tired old kit....base your costings on one of those,by extrapolating it's best economic service -life.
Photography is paid by results, not how flashy the kit appears!
1- engine-life remaining
2- age is less relevant than condition
3- fuel-prices and availability are TOTALLY UNKNOWN for a decade hence
4. The value of a well-worn specialised-purpose heap of unwanted commercial kit,is probably salvage-value.
Given that you appear not to have worked through the above, I'm puzzled that you consider you are in a position to "pull together" a complete and realistic business plan.
You have already seen some tired old kit....base your costings on one of those,by extrapolating it's best economic service -life.
Photography is paid by results, not how flashy the kit appears!
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Jetstream
For business plan purposes, if you take an initial asset value of 800,000 and project the depreciation using a 15% reducing balance approach, the residual value at the end of year 10 is approximately 150,000.
That's a notional figure and may or may not be anywhere near reality.
At 20%, the value is 85,000.
At 25%, 45,000.
Hope this helps get the business case written.
For business plan purposes, if you take an initial asset value of 800,000 and project the depreciation using a 15% reducing balance approach, the residual value at the end of year 10 is approximately 150,000.
That's a notional figure and may or may not be anywhere near reality.
At 20%, the value is 85,000.
At 25%, 45,000.
Hope this helps get the business case written.
