Accuracy of AOPA VRef

Discussion in 'Flight Following' started by TimRF79, Sep 11, 2019.

  1. TimRF79

    TimRF79 Pre-takeoff checklist

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    As I am selling my Bellanca super Viking currently, this is is my first time selling a plane, I am getting a broad range of opinions of what the value should be.
    The only equivalent of Kelly Blue Book that I know is the AOPA VRef.
    Now, I am wondering how solid is that AOPA VRef in comparison what you normally get/ price your plane for?
     
  2. cowman

    cowman En-Route PoA Supporter

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    It's a starting point but not a 100% solid gold number.
     
  3. AggieMike88

    AggieMike88 Touchdown! Greaser!

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    The original "I don't know it all" of aviation.
    This.

    If you need a more better number, then hiring a live appraiser knowledgeable in Bellancas is the way to go.
     
  4. TimRF79

    TimRF79 Pre-takeoff checklist

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    OK, 2 questions (follow-up):
    Get that it's not a gold-number, but how much below VRef would be normal? (like 10%, or is 30% below VRef still normal)
    Where/ How do you find a live appraiser?
     
  5. AggieMike88

    AggieMike88 Touchdown! Greaser!

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    The original "I don't know it all" of aviation.
    I have had some good email conversations with Mike Simmons. He could be a good jumping off point to find the right human. https://appraiseaplane.com/user/msimmons/
     
  6. wheaties

    wheaties Pre-Flight

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  7. Tommar98

    Tommar98 Pre-takeoff checklist

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    Tim - BSV’s are priced all over the place. They are unique and I don’t personally think VREF works for those planes. Its not a huge fleet. There are many that haven’t sold because only a few people want to spend big $$ on a BSV’s. Others have remained unsold for a long time even at low prices because of problems like too few hours in recent years, missed annuals etc. I think in the end - with all planes- the price that works is what someone is willing to pay for it and how fast you need to part with it. Not sure VREF can value the last 2 factors.


    Sent from my iPhone using Tapatalk
     
  8. wheaties

    wheaties Pre-Flight

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    Got to agree with @Tommar98. It's not like Commanders where you'd turn to sun coast or Trinidad where you'd hit up tb4sale. Sum up any modern avionics, the engine value and then you've got yourself an absolute floor.
     
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  9. pigpenracing

    pigpenracing Pattern Altitude

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    PM Sent... I may have some interest. I have always liked Super Vikings.
     
  10. hindsight2020

    hindsight2020 En-Route

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    The irony is that they have zero listings on tb4sale, and I can find more Commanders and socatas in TAP and controller. Now if you mean the cherry, word of mouth non-negotiables then sure, the boutique angle works. For the rest though, I'd just throw a number and if the guy gets offended oh well.
     
  11. AggieMike88

    AggieMike88 Touchdown! Greaser!

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    The original "I don't know it all" of aviation.
    Also, check in with your type club. Could be someone there has a good lead on a person or information that is mass quantities of helpfulness.
     
  12. flyingcheesehead

    flyingcheesehead Touchdown! Greaser!

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    Another thing to do is to go to the various sites (or globalplanesearch.com) and see what's on the market. Sort by price, and you'll probably find a relatively obvious range of asking prices.
     
  13. hindsight2020

    hindsight2020 En-Route

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    That is actually very practical advice, and something I put more stock on than these name-recognition anachronisms so-called "tools" of the last century.

    Further, I'd go on and low ball these sellers and see where they're really at. The guy who scoffed at me last spring for low balling his clapped out Lance came back this summer and posted it literally for the amount I had offered 6 months before. But now I'm feeling emboldened by the upcoming recession so eff that guy, I'm going for gold here! :D
     
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  14. jonnyjetprop

    jonnyjetprop Cleared for Takeoff

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    Andrew Knott does consulting (I believe) as well.

     
  15. brien23

    brien23 Cleared for Takeoff

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    A lot of VREF is the condition sellers like to value their planes 7 of 10 on everything even if the paint is old and seats torn. Engine and prop overhaul time is a fixed value, who did the overhaul factory or backyard all effect the price.
     
  16. Shepherd

    Shepherd En-Route

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    List at the high end, negotiate down, until you are ticked off at the number and say "No".
    Your price is somewhere north of that number.
    In the end it's only worth what someone will give you for it.
     
  17. Checkout_my_Six

    Checkout_my_Six Final Approach

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    It's worth somewhere between $35,000-$100,000....it just depends. ;)
     
  18. Unit74

    Unit74 Ejection Handle Pulled

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    Here is my technique....



    Find a hurricane inbound...

    Place a cup on the ground.

    When the storm force winds arrive, attempt to pee in the cup while standing.

    What ever percentage makes it in, that is about how accurate the Vref et al sources are.
     
  19. Stan Cooper

    Stan Cooper Cleared for Takeoff

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    We sold my old '63 172D last year for $49,500. I just plugged all the numbers into Vref including the STEC 30 and the STC'd Avion Research upgraded panel and the valuation came in at $49,700. It's just one data point, but I'm impressed.
     
  20. Checkout_my_Six

    Checkout_my_Six Final Approach

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    you were robbed. :eek::D