Author: Guil Barros <flight@...> Time: Tue Sep 3, 2002 5:21 am PDT Link
so... considering atarting on an RV-7a soon, but my wife struck me with quite
the baffling question (as she does...)
"so when you get sick of this, will you be able to sell it for at least as
much money as you put into it?"
i assume shes talking about the completed plane :)
comments will be greatly appreciated, i believe this is my final exam question
here, though she is looking forward to working on it with me...
thx,
-guil
Author: "Steve Richardson" <clouddancer@...> Time: Tue Sep 3, 2002 7:18 am PDT Link
Welllll... I have been watching Trade-A-Plane and on-line.
Between $90,000 and $100,000. That would depend on equipment installed , engine etc.. I'm sure others on here can get pretty specific based on first-hand, personal experience. Not a problem to sell one either. You rarely see one for sale in TAP and if it is it doesn't stay for sale from one issue to the next.
Good Luck!
----- Original Message -----
From: Guil Barros
Sent: Tuesday, September 03, 2002 8:21 AM
To: vansairforce@yahoogroups.com
Subject: [VAF Mailing List] Resale Value ?
so... considering starting on an RV-7a soon, but my wife struck me with quite
the baffling question (as she does...)
"so when you get sick of this, will you be able to sell it for at least as
much money as you put into it?"
i assume she's talking about the completed plane :)
comments will be greatly appreciated, i believe this is my final exam question
here, though she is looking forward to working on it with me...
thx,
-guil
Yahoo! Groups Sponsor
ADVERTISEMENT
Online help on this group at:
http://help.yahoo.com/help/groups/
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
[Non-text portions of this message have been removed]
Author: Danny King <wdking@...> Time: Tue Sep 3, 2002 7:18 am PDT Link
Guil,
I may be going out on a limb here since I don't know you but, if you
build an RV-7 and go out and fly it, you will not get sick of it! Each
flight will bring more joy than you can at this point imagine. I
realize that I'm a total airplane nut, but I believe the reward you will
receive from building your own plane, especially an RV, is something you
can't truly appreciate as a wanabe.
The cost of building your RV-7 will vary greatly with your selection of
engine, prop, instruments, paint job etc. You should be able to build a
very nice RV-7 for 65 to 75 thousand which would resale for 85 to 100
thousand. One RV-8, reported in the RVator, was built for just under 30
thousand. If memory serves one of our listers built a light RV-8a for
around 35 thousand. I guarantee he can sell his 8a for a great deal
more than that!
Build a nice clean airplane, put a sharp looking paint job on it, and
people will walk up to you at Oshkosh and offer to buy it from you
unsolicited. If you are like me, you politely say no thank you, because
the though of being without your RV is just too painful. I hope this
helps you pass the test.
Danny King
Beautiful Doll 80434
Guil Barros wrote:
> so... considering atarting on an RV-7a soon, but my wife struck me
> with quite
> the baffling question (as she does...)
>
> "so when you get sick of this, will you be able to sell it for at
> least as
> much money as you put into it?"
>
> i assume shes talking about the completed plane :)
>
> comments will be greatly appreciated, i believe this is my final exam
> question
> here, though she is looking forward to working on it with me...
>
> thx,
> -guil
> Yahoo! Groups Sponsor
> ADVERTISEMENT
> <http://us.a1.yimg.com/us.yimg.com/a/co/columbiahouse/da_300x250_051_4for49_1p.gif>
> <http://rd.yahoo.com/M=228862.2128520.3581629.2225242/D=egroupweb/S=1705340085:HM/A=1182698/R=0/*http://adfarm.mediaplex.com/ad/ck/990-1736-1039-335%0A
> Online help on this group at:
> http://help.yahoo.com/help/groups/
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
> <http://docs.yahoo.com/info/terms/> .
[Non-text portions of this message have been removed]
Author: "rick6a" <rick07x@...> Time: Tue Sep 3, 2002 7:18 am PDT Link
--- In vansairforce@y..., Guil Barros <flight@m...> wrote:
> so... considering atarting on an RV-7a soon, but my wife struck me
with quite the baffling question (as she does...)
"so when you get sick of this, will you be able to sell it for at
least as much money as you put into it?" i assume shes talking about
the completed plane :)comments will be greatly appreciated, i believe
this is my final exam question here, though she is looking forward to
working on it with me... thx,-guil
Now here's a question that should generate a few responses! My short
answer has got to be........no. This opinion is based upon an almost
anal tracking of every penny I have put into my project to date. Just
one minor example. Shipping and handling costs in all its forms are
at the moment kissing the 2K mark. Replacement parts also known as
(scrap and replace) total $600. Granted, I could certainly make due
with most of the parts I have scrapped, but choose not to. Then there
are the tools you buy to support your project. Sure, some tools can
be adapted to other tasks, but how about that rivet squeezer? And it
goes without saying that those thousands of hours of labor are just
that...your labor. Nobody is going to buy that. My personal bottom
line is to date I could have easily purchased 2 flyable C-150's by
now and I don't even have an engine yet for my 6A! Now its time to
get emotional. I've wanted to do this my entire life. I don't care
what it costs. I want to fly a plane I built. Passion and emotion
drive the homebuilder not the cold hard logic of dollars and
SENSE.
Author: CVLock@... Time: Tue Sep 3, 2002 7:18 am PDT Link
Can only give you my experience on my RV-6. I had a nicely built plane,
day/night VFR, with gyros, GPS, Navaid, new O-360 and Sensenich prop. First
flight 7/2000. Sold it 8/2001. 250 hrs TT. Cost $58K. Sold for $69K.
Pretty typical.
Hope this helps you pass the final.
Mitch Lock
[Non-text portions of this message have been removed]
Author: "n9159s" <larry.perryman@...> Time: Tue Sep 3, 2002 7:18 am PDT Link
Look in Trade-A-Plane at the RV-6s that sell in the 50-80K range.
The RV-8s sell in the 90-125K range. Since there have not been many
RV-7s or RV-9s sold to date, the going pice for them has not been
established but should be higher than the RV-6 prices. Now can you
build it for less than that?
Regards
Larry Perryman
N194DL 90288
Flying soon.
Author: Paul Besing <pbesing@...> Time: Tue Sep 3, 2002 7:27 am PDT Link
I built an RV-6A and recently sold it. I put $60,000
into it. This was a quickbuild, new Aerosport engine,
and a pretty decent panel. If it wasn't a quickbuild,
I would have saved $8,000.
I sold it for $60,000. Exactly what I had into it.
For RV's it is not uncommon to get AT LEAST what you
put into it. Look at the market for RV-8's right now.
People are making money on the -8's.
I know someone who just sold an IFR RV-6 for $89,000.
It was a nice plane, but I guarantee you he didn't
have $89,000 into it.
Tell your wife to let you build it. You won't lose
any money. The only thing you could possibly lose is
your labor.
Paul Besing
RV-6A Sold (Waiting on the RV-10)
http://www.lacodeworks.com/besing
Kitlog Pro Builder's Log Software
http://www.kitlog.com
--- Guil Barros <flight@m...> wrote:
> so... considering atarting on an RV-7a soon, but my
> wife struck me with quite
> the baffling question (as she does...)
>
> "so when you get sick of this, will you be able to
> sell it for at least as
> much money as you put into it?"
>
> i assume shes talking about the completed plane :)
>
> comments will be greatly appreciated, i believe this
> is my final exam question
> here, though she is looking forward to working on it
> with me...
>
> thx,
> -guil
__________________________________________________
Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes
http://finance.yahoo.com
Author: "Greg Young" <gyoung@...> Time: Tue Sep 3, 2002 10:29 am PDT Link
Tell her yes and show her the RV-8's and first couple RV-7 sales (when
they occur) as rationalization. Ignore the fact that by the time you
finish the -7 resale prices will be like the -6's. There will be a lot
more of them for sale, the market will figure out that the -7 is really
the same as a -6 and there will be something newer and shinier to
command the big bucks. Five years ago, -6's that sold for $80-100K are
now $60-80 for equivalent aircraft. Still more than their cost but
market forces are having an effect. IMHO RV-8's and Rockets are still
getting premium prices from the fighter pilot wannabes with money to
spare. On the -7, you'll likely lose your labor but you'll be no worse
off financially than spending your money on a factory-built, but with a
much better aircraft in the meantime. Now if you really want to make a
profit, be the first to complete and sell an RV-10...
Regards,
Greg Young - Houston (DWH)
RV-6 N6GY ...project Phoenix
Navion N5221K - just an XXL RV-6A
> so... considering starting on an RV-7a soon, but my wife
> struck me with quite
> the baffling question (as she does...)
>
> "so when you get sick of this, will you be able to sell it
> for at least as
> much money as you put into it?"
Author: Rick Raines <yellowrv@...> Time: Thu Sep 5, 2002 7:58 am PDT Link
"so when you get sick of this, will you be able to sell it
> for at least as
> much money as you put into it?"
>
Tell your wife-"Sure Honey !" Truth is no, no, NO ! I started throwing away reciepts the last two years ! I worked a part time job for money during the six year building time. Build it because you love it, a selectively forget the cost !
Rick Raines N329RP 6A
Greg Young wrote:Tell her yes and show her the RV-8's and first couple RV-7 sales (when
they occur) as rationalization. Ignore the fact that by the time you
finish the -7 resale prices will be like the -6's. There will be a lot
more of them for sale, the market will figure out that the -7 is really
the same as a -6 and there will be something newer and shinier to
command the big bucks. Five years ago, -6's that sold for $80-100K are
now $60-80 for equivalent aircraft. Still more than their cost but
market forces are having an effect. IMHO RV-8's and Rockets are still
getting premium prices from the fighter pilot wannabes with money to
spare. On the -7, you'll likely lose your labor but you'll be no worse
off financially than spending your money on a factory-built, but with a
much better aircraft in the meantime. Now if you really want to make a
profit, be the first to complete and sell an RV-10...
Regards,
Greg Young - Houston (DWH)
RV-6 N6GY ...project Phoenix
Navion N5221K - just an XXL RV-6A
> so... considering starting on an RV-7a soon, but my wife
> struck me with quite
> the baffling question (as she does...)
>
> "so when you get sick of this, will you be able to sell it
> for at least as
> much money as you put into it?"
Yahoo! Groups SponsorADVERTISEMENT
Online help on this group at:
http://help.yahoo.com/help/groups/
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
---------------------------------
Do You Yahoo!?
Yahoo! Finance - Get real-time stock quotes
[Non-text portions of this message have been removed]
Author: Jerry Vanatta <jnv@...> Time: Mon Sep 9, 2002 11:19 am PDT Link
As a National Aircraft Appraisers Association Member and a RV9A builder, I
can tell you that we have the RV series aircraft in our data base, and I
have appraised several RV. VAN'S aircraft are one of the very few
homebuilt that have a very good resale value, that generally will bring more
than the cost to build. If I can be of any help, please see my site at
allstatesaircraftappraisersandsales.com.
Regards Jerry Vanatta
-----Original Message-----
From: Guil Barros [mailto:flight@m...]
Sent: Monday, September 02, 2002 11:06 AM
To: vansairforce@yahoogroups.com
Subject: [VAF Mailing List] Resale Value ?
so... considering atarting on an RV-7a soon, but my wife struck me with
quite
the baffling question (as she does...)
"so when you get sick of this, will you be able to sell it for at least as
much money as you put into it?"
i assume shes talking about the completed plane :)
comments will be greatly appreciated, i believe this is my final exam
question
here, though she is looking forward to working on it with me...
thx,
-guil
Yahoo! Groups Sponsor
ADVERTISEMENT
Online help on this group at:
http://help.yahoo.com/help/groups/
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
[Non-text portions of this message have been removed]
Author: "n9159s" <larry.perryman@...> Time: Tue Sep 10, 2002 5:31 am PDT Link
Jerry,
Since there have been so few 9s sold to date, what would you say the
value to be? Something more than a 6 but less than an 8 is where I
think the value is. 70-90k but that is my subjective view as a 9
builder. What about the 7s? Where do you think they will fit in the
picture? On par with the 9s or above or below?
I realize that these values are purely subjective and based on the
individual plane but hopefully some guide lines can be stated if only
for reference.
Regards
Larry Perryman
VAN'S aircraft are one of the very few
> homebuilt that have a very good resale value, that generally will
bring more
> than the cost to build. If I can be of any help, please see my site
at
> allstatesaircraftappraisersandsales.com.
Author: Jerry Vanatta <jnv@...> Time: Tue Sep 10, 2002 10:21 am PDT Link
Hello Larry,
You are right about the 8s selling for more money.
I appraised one 8 that was around $115,000. It was award winner at Oshkosh.
I think that will continue to be true. I can see the 7s selling for more
than the 9s. I think the 9s will be around 70 to 80. like equipped 7s will
probably be in the 90s if well equipped. The 6s may loose some in value as
more 7s are being sold.
Time will tell, as there is not enough data on these models. I will keep a
close watch on them.
Have a great first flight.
Jerry Vanatta
-----Original Message-----
From: n9159s [mailto:larry.perryman@a...]
Sent: Monday, September 09, 2002 2:14 PM
To: vansairforce@yahoogroups.com
Subject: Re: [VAF Mailing List] Resale Value ?
Jerry,
Since there have been so few 9s sold to date, what would you say the
value to be? Something more than a 6 but less than an 8 is where I
think the value is. 70-90k but that is my subjective view as a 9
builder. What about the 7s? Where do you think they will fit in the
picture? On par with the 9s or above or below?
I realize that these values are purely subjective and based on the
individual plane but hopefully some guide lines can be stated if only
for reference.
Regards
Larry Perryman
VAN'S aircraft are one of the very few
> homebuilt that have a very good resale value, that generally will
bring more
> than the cost to build. If I can be of any help, please see my site
at
> allstatesaircraftappraisersandsales.com.
Yahoo! Groups Sponsor
ADVERTISEMENT
Online help on this group at:
http://help.yahoo.com/help/groups/
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
[Non-text portions of this message have been removed]