MikeTuggle
Pre-Flight
I hate to post dumb questions but here goes another....
As a Realtor, it is relatively easy for me to "price" a house or a commercial property -- primarily because there are "comparables" available to me.
With planes, we have a couple of tools but no public records of "sold prices" to draw on to do our own calculations.
Just like real estate, making an intelligent offer for a plane should be based on something other than just, "I'll throw the seller a number and see what s/he says, and we'll go from there."
For example, for two virtually identical planes, what should be the $$$ consideration if one has 200 hours since new and one that has 800 since new on an engine that has a 2,000 hour TBO (Lycoming TIO-540-AK1A)? Both have 78/80 compression numbers.
Thanks!
As a Realtor, it is relatively easy for me to "price" a house or a commercial property -- primarily because there are "comparables" available to me.
With planes, we have a couple of tools but no public records of "sold prices" to draw on to do our own calculations.
Just like real estate, making an intelligent offer for a plane should be based on something other than just, "I'll throw the seller a number and see what s/he says, and we'll go from there."
For example, for two virtually identical planes, what should be the $$$ consideration if one has 200 hours since new and one that has 800 since new on an engine that has a 2,000 hour TBO (Lycoming TIO-540-AK1A)? Both have 78/80 compression numbers.
Thanks!