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N416EC
Joined: 17 Aug 2008 Posts: 2
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Posted: Sun Aug 17, 2008 12:21 pm Post subject: N416EC RV-10 for Sale |
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2006 RV-10 for sale. 305 hours TT. $217,500.00 Photos can be seen at http://www.myplane.com/ad/1466
For more information email N416EC(at)gmail.com
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msausen
Joined: 25 Oct 2007 Posts: 559 Location: Appleton, WI USA
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Posted: Mon Aug 18, 2008 6:02 am Post subject: N416EC RV-10 for Sale |
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Why are you selling?
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N416EC
Joined: 17 Aug 2008 Posts: 2
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Posted: Mon Aug 18, 2008 6:22 am Post subject: Re: N416EC RV-10 for Sale |
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There are 2 partners that own this plane. They want to go their separate ways but neither is willing to buy the other out.
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AV8ORJWC
Joined: 13 Jul 2006 Posts: 1149 Location: Aurora, Oregon "Home of VANS"
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Posted: Mon Aug 18, 2008 8:40 am Post subject: N416EC RV-10 for Sale |
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Sales of RV-10s are an important and an often overlooked part of the
total build/ownership consideration. It was interesting that a friend
considered making improvements to a Cessna 172 and Vref from AOPA showed
the impact of electronics and such things as interior and other
cosmetics. His decision was easy - new and modern interior.
Unfortunately AOPA does not currently track Amateur Built or
Commercially built kit aircraft values... and they should with 30,000.
Early in the product life cycle, almost 25% of all completed RV-10s were
up for sale. Many languished for months (one N325HP more than a year),
others sold in days... It creates a curiosity and a need to share data
for the many still in the build. Over 150 are flying, 5% have sustained
damage, 2% incurred destruction. The percentage sold has come way down
and the values are going UP.
The reason for selling plays into price. Whether SBs are complied with
impacts final value. Whether the aircraft meets AIGS new
Technologically Advanced Aircraft Credits has an impact. Whether the
aircraft has sustained repairs. What the paint scheme looks like and
also the quality of workmanship. Some aircraft get a push in value if
they have received an award from Sun 'N Fun or OSH such as this year's -
Robert Gray N410RG.
We have a local builder in search of addition partners in a flying RV-10
which has the same identical paint as Wayne Edgerton's striking N602WT.
It behooves partners to retain an ability to extricate themselves so as
not to burden the value of an aircraft partnership. There is nothing
wrong with selling as long as you are not prohibited and the other
partner is stuck too. It is much like purchasing a hangar on leased
land about to expire.
Every now and then one comes along that has a panel so unorthodox or a
paint scheme so unique you know that only its mother and loving builder
could set an accurate value. The market forces can be far less
forgiving. We should all share the dynamics of the market and strive to
keep their value kicking the #$&* out of the Piper Comanche's that their
engines derived their bloodline from. Stein said it best "If you want
to kick #$% - then it's the panel, the paint and the interior that
pushes the value over the top". We are getting a lot of great choices
out there.
Also remember that aircraft brokers make a fair living representing
their commission charged, not the sale incurred. Use the web.
Communicate openly.
John Cox
#40600
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