The Value Issue?
Posted: Thu Feb 22, 2018 5:03 pm
Observed a number of posts lately referencing values of Sonex aircraft on the used market.
If I could have seen the future when I went the direction of my Waiex, I'd have pulled a different trigger. I'd have gone the route of RV. That's a pretty shocking statement for me considering how much I love my Waiex.
I was talking with a friend of mine just a couple days ago; lamenting what has happened to the value of a good used Sonex and we both agreed, it has little to do with Basic Med. The main factor is the lack of a good engine for the airframe. Don't jump ahead and start yelling, "but mine is doing fine".
RV'ers don't have to be an engine tuner/mechanic to get decent service out of their engines. Combine that with the fact that probably half RV'ers don't even build the majority of their planes (so much for 51% rule, wink, wink). Bottom line is they get to go fly with a huge advantage in reliability.
Now, I know there are the value arguments. Pay less and do more for yourself. What isn't a selling point now is you pay pretty much 70% of the price when you build a loaded up Sonex and then if you choose to sell it............well grab your ankles and hang on.
You can spin this a hundred different ways and blame everyone you care to blame. Outcome is the same. Market resale pretty much sucks. Its a shame for us owners that dreamed, not unfairly, our investments might get us back 50 cents on the dollar.
Experience has now taught me that us Jabiru owners were a testing ground. Us Camit guys ended up being a failed business argument we had no hand in. Aero-Vee owners have their own dilemma's to deal with.
Again, great airframe looking for a great engine. Possibly, in time, a better engine might result in better resale? As matters stand now, the low market prices honestly reflect the value in the publics eye.
I'd rather just use mine up enjoying the view than let it go for peanuts.
Larry
Waiex121YX, Camit 3300, Skyview, Approaching 600 hrs.
If I could have seen the future when I went the direction of my Waiex, I'd have pulled a different trigger. I'd have gone the route of RV. That's a pretty shocking statement for me considering how much I love my Waiex.
I was talking with a friend of mine just a couple days ago; lamenting what has happened to the value of a good used Sonex and we both agreed, it has little to do with Basic Med. The main factor is the lack of a good engine for the airframe. Don't jump ahead and start yelling, "but mine is doing fine".
RV'ers don't have to be an engine tuner/mechanic to get decent service out of their engines. Combine that with the fact that probably half RV'ers don't even build the majority of their planes (so much for 51% rule, wink, wink). Bottom line is they get to go fly with a huge advantage in reliability.
Now, I know there are the value arguments. Pay less and do more for yourself. What isn't a selling point now is you pay pretty much 70% of the price when you build a loaded up Sonex and then if you choose to sell it............well grab your ankles and hang on.
You can spin this a hundred different ways and blame everyone you care to blame. Outcome is the same. Market resale pretty much sucks. Its a shame for us owners that dreamed, not unfairly, our investments might get us back 50 cents on the dollar.
Experience has now taught me that us Jabiru owners were a testing ground. Us Camit guys ended up being a failed business argument we had no hand in. Aero-Vee owners have their own dilemma's to deal with.
Again, great airframe looking for a great engine. Possibly, in time, a better engine might result in better resale? As matters stand now, the low market prices honestly reflect the value in the publics eye.
I'd rather just use mine up enjoying the view than let it go for peanuts.
Larry
Waiex121YX, Camit 3300, Skyview, Approaching 600 hrs.