classic aircraft - do they hold or increase their value?
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classic aircraft - do they hold or increase their value?
Thinking about getting a share in a Piper Cub or other classic acft - suppose I paid around £5000 for a quarter share, what would that be worth in a couple of years? Money in the bank doesn't gain much interest - or fun.
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If you choose the right one, you'll probably get your money back and might make a bit, but the odds are you'll lose out.
With the market as it is most aircraft are being heavily discounted in price. Who can tell how it will go in the future, though.
With the market as it is most aircraft are being heavily discounted in price. Who can tell how it will go in the future, though.
Conflict between heart and mind!
A good choice of aircraft would make a lot of difference....... The Cub you mention is excellent, as would aircraft such as Luscombes, Taylorcraft, Aeronca and Jodels. These are versatile aircraft that would not limit your flying to airports and open up the possibilities of Strip flying....with the proper training , of course.
More and more airports are under threat of closure or reduced hours of operations, together with increased landing fees and parking and increasingly, "handling" rip offs so it makes sense to avoid these......something you can do in a reasonably priced permit aircraft.
More and more airports are under threat of closure or reduced hours of operations, together with increased landing fees and parking and increasingly, "handling" rip offs so it makes sense to avoid these......something you can do in a reasonably priced permit aircraft.
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In an ideal case the value of the aircraft and engine/maintenance fund would be fairly static. All machines decline in value over time; usually hitting rock bottom at some point. Aircraft are a slightly special case because you are obliged to replace some stuff and it affects the resale value.
Shares are even more complicated because they are often valued, collectively, at more than the whole aircraft.
When all's said and done it's not an investment - it's a purchase and you may be lucky enough to get something back when you are through with it.
Shares are even more complicated because they are often valued, collectively, at more than the whole aircraft.
When all's said and done it's not an investment - it's a purchase and you may be lucky enough to get something back when you are through with it.
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As a guide ,our shares exchange for that percentage of insured value,but the actual sale price is whatever the selling/buying individuals agree.
I don't think vintage aircraft decrease in value,but they take some money keeping them flying,as do all aircraft.
We have a 1942 Cub (L4),I imagine the price of that when built was in the £100's?
Now£20-25000.
I've also got a 1936 Riley,price new around £350 ,now £18,000,so about the same rate of inflation for both.
Lister
PS Make sure there is a healthy "engine fund" whatever group you join.
In my case that didn't cost extra on the share price
I don't think vintage aircraft decrease in value,but they take some money keeping them flying,as do all aircraft.
We have a 1942 Cub (L4),I imagine the price of that when built was in the £100's?
Now£20-25000.
I've also got a 1936 Riley,price new around £350 ,now £18,000,so about the same rate of inflation for both.
Lister
PS Make sure there is a healthy "engine fund" whatever group you join.
In my case that didn't cost extra on the share price
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Having had 12 aeroplanes over 15 years, I have held my own or made money an all but 2.
That said, most needed some tlc when I got them and I do not count my own labour in the costings.
If you are thinking about getting into a group, the first thing to ascertain is will your share sell readily at some point in future ? Choosing a good, sensible aeroplane with good kerb appeal will help.
Next, are your partners people who you would form a social friendship with in normal circumstances, because you will be 'married' to them during your part ownership and will need to make ongoing decisions re maintenance etc.
Are you prepared to pitch in with work ? It doesn't matter if you have no previous experience because this is a perfect opportunity to learn new skills and gain experience with your - hopefully practical group members.
Finally, will you make money on that share ?
You shouldn't lose, but you will gain huge amounts of enjoyment, freedom and experience and hopefully, a well maintained and presented aeroplane will always appreciate at or ahead of inflation during normal times.
That said, most needed some tlc when I got them and I do not count my own labour in the costings.
If you are thinking about getting into a group, the first thing to ascertain is will your share sell readily at some point in future ? Choosing a good, sensible aeroplane with good kerb appeal will help.
Next, are your partners people who you would form a social friendship with in normal circumstances, because you will be 'married' to them during your part ownership and will need to make ongoing decisions re maintenance etc.
Are you prepared to pitch in with work ? It doesn't matter if you have no previous experience because this is a perfect opportunity to learn new skills and gain experience with your - hopefully practical group members.
Finally, will you make money on that share ?
You shouldn't lose, but you will gain huge amounts of enjoyment, freedom and experience and hopefully, a well maintained and presented aeroplane will always appreciate at or ahead of inflation during normal times.
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Sportcruiser Share
We have a group at Firs Farm (Newbury) in a hangar and are looking for one or two members. Its £6k for a share but you must sell back to the group and we must pay the full £6k back (6 months notice required) Please call me if you are interested its one way to guaranteeing your money back. The maximum group size is limited to 7
Pete
07976 262833
Pete
07976 262833
