Damage history = deduct ___%

[N2124v]

Are you the first buyer after the accident? If yes, then maybe a deduction is warranted, if not, that price hit has more than likely already occurred.

As someone who has owned a plane with old damage history it really is a non issue at resale if the repairs have age and time on them.

 

[Dave Krall CFII]

Your house had the roof ripped off by a tornado 20 years ago. The house was properly repaired and you have been living in it trouble free for the last 20 years, how much of a discount are you going to give me if I buy your home?

It depends on how fast the home will be flown.

 

[Dave Krall CFII]

As a buyer that wants to purchase the previously damaged plane, no matter how well repaired or when, make an issue over it and get as much of a deduction as the seller will bear.

 

[wabower]

How is that different from the deficiencies on any other plane?

As a buyer that wants to purchase the previously damaged plane, no matter how well repaired or when, make an issue over it and get as much of a deduction as the seller will bear.

 

[wabower]

I disagree with your assessment of the market. Certain segments are clearly in the ditch, and I agree with those who say the market will never absorb all of the old twins, spam cans and Stage 1 turbojets at the pre-crash prices or even today's somewhat lower prices. OTOH other market segments are stable, some are even tight.

The market-watch publications have pretty much written off the old values as ancient history and now describe the current situation as "the new normal" or other similar terms.

Bingo!

Does the damage matter from a safety or risk standpoint? In this case probably not one bit. But it does matter to the fickle buyers that are out there and last I checked, we were still in a buyers market.

So the real question is....how bad do you want this airplane? Is this the airplane you really want, or are you just trying to get the best deal on that model? If it is the one you want - then offer a price the seller will take. If you are trying to get the best deal, discount the price to what you think it is worth and if the seller doesn't like it, you move on to another airplane. That airplane may or may not still be there in a month or two.

If there were 5 comparable models available and aside from the damage history, I'd make a low offer on this one and see if the seller takes it. If this were one of two available and aside from the damage history, this one was a better plane than the other, I wouldn't even consider discounting the price.

 

[Fearless Tower]

I disagree with your assessment of the market. Certain segments are clearly in the ditch, and I agree with those who say the market will never absorb all of the old twins, spam cans and Stage 1 turbojets at the pre-crash prices or even today's somewhat lower prices. OTOH other market segments are stable, some are even tight.

The market-watch publications have pretty much written off the old values as ancient history and now describe the current situation as "the new normal" or other similar terms.

You are probably correct. Obviously, the prospective buyer needs to evaluate the specific market for the type they are interested in.

I perspective is slightly skewed since I was just recently in the market for a twin and have been closely following the vintage/warbird market alot. From my vantage point those two particular markets have not really improved in the last year.

 

[Dave Krall CFII]

How is that different from the deficiencies on any other plane?

No difference to me. As a buyer I'd make an issue of any damage history in order to achieve some price reduction, needn't be a real logical argument either.

Damage histories are written down by ethical aircraft owners/sellers for a reason.

 

[wabower]

I think you nailed it.

You are probably correct. Obviously, the prospective buyer needs to evaluate the specific market for the type they are interested in.

I perspective is slightly skewed since I was just recently in the market for a twin and have been closely following the vintage/warbird market alot. From my vantage point those two particular markets have not really improved in the last year.