I figure it at basically zero time since the reserves are there for the portion flown.
You're in line with what I feel is fair also. They're asking 18 or 19 he wasn't quite sure. That seemed a little high to me so I ran a vref on aopa on it and with the avionics, low engine time, long range tanks etc they think its worth 80k. I thought 60 would be more like it too based on listings I saw. I think he said the paint and interior are like a 7 so probably nothing super fancy there either.
They probably aren't negotiable on it so it might be a moot point. I just want a fair price for everyone involved I don't want to offend them or come off as a cheapskate. They're selling the share for the last owners estate too so it would be pretty tacky to low ball em
What I'm trying to figure out is how someone goes from
"what do you think of this?"
to
"it ain't gonna work"
in four hours.
I agree! It's taken me 10 years and I still haven't found the right one.
Don't know. I don't know how readily I can sell my share if I wanted. Sounds like they've been trying awhile.
I was talking to a guy with a nice mooney, he scared me away. the thing was going to need like 10k+ in upgrades and repairs after the buy in
I can easily go buy one that's had all that done for 40k and sell 2 shares to someone else and have an as nice or nicer airplane for a lot less.
It sounds like we're too far apart on what we think its worth. Not meant to be. Oh well.
it's not only engine, the reserve is for repairs basically. fixed cost like annual, insurance, hangar, that all comes out of pocket but repairs, tires, eventually an overhaul comes out of the other account. I think 20/hr is fair, that don't bother me, what's a few extra dollars an hour. I just simplified it in my explanation to keep it brief and I don't know down to the fine details exactly what it is and isn't used for, oil changes for example may or may not be included.