New (to us) Bonanza

gkainz

gkainz

Final Approach
Joined
Feb 23, 2005
Messages
8,401
Location
Arvada, CO
Display Name
Greg Kainz
Home Airfield
KBJC
Our new (to us) Bonanza arrived home last night. A 1987 F33A, which will replace our 1980 F33A.
edady2yv.jpg
 
Amazing airplanes....but you already knew that. Congrats!
 
Congrats,good looking airplane.
 
Looks good in the pic. So that has dual independent yokes vs the tied to the center right?
 
warthog1984 said:
I'm confused...

You bought an '87 to replace the same model's '80 version? What happened to the earlier plane?
Click to expand...

See http://www.pilotsofamerica.com/forum/showthread.php?t=72721&highlight=Price+check+aisle+F33
But, yes, we bought an '87 F33 to replace an 80 F33. Ours will be going up for sale as soon as we have the Aspen installed on the '87. Our 80 has 6500 hours on the airframe, and the 87 has 1600.

We fly our 3 airplanes about 300 hours a year and the club model has been to buy a low time airframe with midtime engine, fly to TBO while monitoring oil analysis and compression, then hang a factory reman when those monitors indicate "it's time", then fly to about midtime again. Then sell and repeat.

It keeps us in nice equipment while keeping about the best resale value we can manage. It's worked for this club for many years to own very nice airplanes and remain debt-free.

We skipped a sell cycle on our 80 last time as we just couldn't find a nice, low time Bonanza for what we thought was a good price, so we hung a factory reman engine and flew it thru another cycle.


Henning said:
Looks good in the pic. So that has dual independent yokes vs the tied to the center right?
Click to expand...

Yep. .... edit - must not post before sufficient coffee ... No, not yep. It's dual yoke to center rod ...
 

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I get what you said in post #12. What else does the 7 years buy you in terms of capability? I've never even smelled the inside of a Beech, and know much less about them.
 
In capability, we gained about 50# of useful load, but the biggest thing we gained (or rolled back) is hours on the airframe and resale or asset value. Our Maintenance Officer and senior member says "you can upgrade or replace everything on the airplane except airframe hours"

I guess someone with way more financial acumen than I could do some fancy cost benefit analysis between our method and a "buy it, fly it until it's scrap, then replace" method of operation...

Hypothetical numbers for our method
cash purchase $130k for lowtime aircraft
recover $90k on sale of less than low time (but still not REALLY HIGH time aircraft)
net cash outlay $40k and asset value increase by $40k

run the wheels off it model
fly what we own - say the same hypothetical $90k asset until the wings fall off or it costs more to keep in the air than its worth ...
no cash outlay for purchase
$90k asset becomes worth???? dunno - I guess if we parted it out ...???

However, this club prides itself in flying very nice aircraft for reasonable share value buy-in and rates. The pride of ownership shows in our planes, we believe.
 
Wish you were a little closer - love that policy... and good selection of aircraft :)
 
Interesting thing: people are very finicky. It's my understanding that these things have an unlimited life airframe.

So value <> value or value = value. Take your pick.
 
gkainz said:
In capability, we gained about 50# of useful load, but the biggest thing we gained (or rolled back) is hours on the airframe and resale or asset value. Our Maintenance Officer and senior member says "you can upgrade or replace everything on the airplane except airframe hours"

I guess someone with way more financial acumen than I could do some fancy cost benefit analysis between our method and a "buy it, fly it until it's scrap, then replace" method of operation...

Hypothetical numbers for our method
cash purchase $130k for lowtime aircraft
recover $90k on sale of less than low time (but still not REALLY HIGH time aircraft)
net cash outlay $40k and asset value increase by $40k

run the wheels off it model
fly what we own - say the same hypothetical $90k asset until the wings fall off or it costs more to keep in the air than its worth ...
no cash outlay for purchase
$90k asset becomes worth???? dunno - I guess if we parted it out ...???

However, this club prides itself in flying very nice aircraft for reasonable share value buy-in and rates. The pride of ownership shows in our planes, we believe.
Click to expand...

In the end the numbers for either method could be transposable by nothing more than luck. You have a system that everyone in the organization is happy with and are willing to pay a bit extra in order to be able to fly nice equipment without having to deal with the months or year down time for refurbishment to keep that way. I can't really fault the logic.
 
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