cdewey6969(at)yahoo.com
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 Posted: Wed Feb 20, 2008 6:39 am Post subject: re-sale value |
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Buzz- Very well said. As to the Lightning re-sale
value, I think we are all holding our breath waiting
to see how they do. There have been practically none
for sale, so there is really no precedent set yet.
After 10 or 20 sell, we'll get a good idea as to how
they keep their value. My guess is the first few sold
will be testing the waters and there will be some
great bargains to be had. Nick has said the early ones
will fly exactly like the current ones, the upgrades
that were made do not affect flying characteristics at
all. Also, kit and engine prices were low when the
plane came out, so an early Lightning could be a
really great bargain considering it is the exact same
as later model sans some minor modifications only.
PS.- I know Ryan (at) greenlandings.com has his
Lightning for sale. I have heard his is a really great
plane and he's only asking 68 for it- you can't buy a
new kit, engine and basic avionics, paint and interior
for that now- so you are getting a proven Lightning at
cost without having to lift a finger.
Charles
--- Allan Maxwell <allanmaxe(at)yahoo.com> wrote:
| Quote: | hi Buz this is Allan Maxwell I have bin looking at
the stuff on the lightning list.If you could call me
at 504-813-8134 the esqual owner in La. Or any one
else with an Esqual call if you can tell me about
egt you are experenceing
N1BZRich(at)aol.com wrote: Hi Kyle,
Welcome to the group. I think you will fine a
great group of folks eager to help. I agree with
your assessment that the Lightning will certainly be
much quicker to build and cheaper to operate than
one of the RV models. Even an RV quick build kit
will take you much longer than a Lightning. If you
use the builder assist program you will be flying in
about six weeks total time.
You asked for some opinions on the Lightning
being stored outside and its possible resale value
verses an RV. Well, let me start out by saying that
everyone has their own opinion and they may or may
not be worth exactly what you pay for them. In this
case not even $.02. Having said that here are my
thoughts:
I am the kind of guy that really likes my
airplanes and, other that when at Oshkosh and
Sun-N-Fun, would never let them sit outside. So go
to every airport in your area and get on their
hangar waiting list. As an example, one of my
hangars is over an hours drive from my home. Of
course my other hangar is about 5 minutes away and I
often drive the 5 then fly for 15 to get to my
other airplane. But often I do drive over an hour
to fly the one that is further away. So start the
hangar quest now and get on everyone's waiting list.
And ask if they will allow you to put up your own
portable hangar such as the Port-a-port company.
Now if your Lightning absolutely has to sit
outside, I would be more worried about the avionics
than the airframe. The Lightning is fiberglass and
how long have fiberglass boats and Corvettes sat
outside? So if it must sit outside, build it with
some good tie down fittings under the wings and then
spend the money for a good cockpit cover - maybe a
complete airplane cover. You kit will come with the
new canopy latch which should make it easy to add a
lock when it is tied down.
As to question about re-sale value for a
Lightning down the road, your guess is as good as
any ones. However here are some things to consider.
The Lightning has been advertised for maybe a year
and a half and in that time frame some 55 have
already sold with 22 flying. To me that is a great
response from the flying public and I see no reason
the Lightning would not remain a "top seller". The
fact that it can be completed so quickly, looks
fantastic, and performs really well on an economical
fuel burn will insure it's continued success. There
really is no direct competition when you consider
the "really quick" quick build. And the completion
rate in such a short time is probably some new
record for experimental aircraft. Add to that the
economical operation and as fuel prices continue up,
it should become even more desirable. One other
thought, and that is in the light sport aircraft
arena. Just this past Saturday a dealer for one of
the well known light sport
aircraft presented a program on his product to one
of the EAA chapters I am in. The price was well
above that of a really nice Lightning (with dual
EFISs) completed at the factory, and of course, the
performance was no where near that of the Lightning.
And it had one of those converted show mobile
engines with a gear reduction unit and coolant
radiator to worry about. Of course the Lightning
has a real airplane engine that sounds like a real
airplane. I kept asking myself why would anyone
buy one of these if they knew about the Lightning.
And that is probably just what is happening. Many
buyers just don't do their homework and research
what is out there. They need to be at Sebring,
Sun-N-Fun and Oshkosh just to see what is really
available in the market.
Well, enough from me. I hope others on the
list will jump in here and possibly relate their
personal decision process and opinions on your
questions.
Blue Skies,
Buz
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