Skymaster valuations

[tropical]

Originally Posted by stratobee

I follow the 337 market very closely as I'm on the hunt for the right plane. I'm not in a terrible hurry, but will hopefully buy before the end of the year. Anyway, it amazes me how huge the differences are. Clearly many sellers are stuck in early 90's pricing and think that old aircrafts just appreciate, no matter how bad the times are.

This is an example of that:

http://cgi.ebay.com/ebaymotors/1979-...#ht_500wt_1182

$60K for a 11.500hr plane with a clapped out rear engine? I don't think so. Even at half of that it would be a struggle.

Good thing is I see a lot 337's coming on to the market, so there's plenty of movement. This will probably increase as time goes on. Rightly priced, they're a lot of airplane for the money. Which is why I'm interested. My funds are limited as a first time buyer, so time is all I have on my side.

So what do you consider "rightly priced"?

[stratobee]

Originally Posted by tropical

So what do you consider "rightly priced"?

That aircraft should not be much more than $30.000 with those times, in my opinion.

Compare the above to this aircraft:
http://www.skymaster.com/aircraft.asp?control=46

[Roger]

The P is not bad. Put $50-60G's in it, radios, engines, etc., and you would have a pretty good plane for $110g's. Of course it is still a P, so it has a limited value like a P210 vs a regular or turbo 210. But for certain missions, the P is a great plane. Just not that user friendly, and the maintenece and insurance can eat you alive if you're on a budget.

And no i'm not dissing the "P" , just trying to give some advise to a newbie who doesn't seem to have yet experienced the expenses of a plane, which is even worse than a boat.

[tropical]

Originally Posted by stratobee

That aircraft should not be much more than $30.000 with those times, in my opinion.

Compare the above to this aircraft:
http://www.skymaster.com/aircraft.asp?control=46

If you bought this Skymaster you are looking at putting in about $50,000 to bring it up to standards. Of course, that's a conservative estimate.