markejackson02 Posted April 22, 2016 Report Posted April 22, 2016 I occasionally look at used GPS units on E-Bay. They are discounted about $500-$1000 from the price of a brand new unit from Garmin/Avidyne. This doesn't include the indicator/harness/antenna which you will have to spring for separately. This seems crazy to me. For an additional 5%-10%, you get a brand new unit with a better warranty and no support end-date. Is there some secret stash of Garmin 430W units out there that I am missing?
carqwik Posted April 22, 2016 Report Posted April 22, 2016 You answered your own question...buy new (except there aren't any new 430W's right?). If everyone else makes the same rationale choice, the price of those used units will have to fall to attract buyers. That's how markets work. 1
carusoam Posted April 22, 2016 Report Posted April 22, 2016 The value stays up because of the 'W'. A fully functional navigator that executes all of the instrument procedures available. Now, if you don't have the IR, that's a lot to spend on a 10 year old box... Best regards, -a-
Ftlausa Posted April 24, 2016 Report Posted April 24, 2016 I think you are going to see the price of the 430W and 530W start to fall over the next couple of years as more people upgrade their panels and more used units are available. In the meantime, the high resale value of the used equipment really helps offset the cost of the upgrade. I am upgrading both nav coms, transponder and audio panel for slightly more than the price of a single new nav com.
Alan Fox Posted April 28, 2016 Report Posted April 28, 2016 I have been selling used radios for years , Unless you buy from a dealer , and have it installed by that dealer , YOU cant buy new......Garmin stuff holds it value because they have a strong hold on their dealers , They also have BAR NONE the best repair rates in the industry....
markejackson02 Posted May 9, 2016 Author Report Posted May 9, 2016 Did some reading over the w/e. I was shocked by the numbers. By that I mean the tiny number of units people like Garmin sell. They have sold ~ 150,000 430 units since 1998. Figure 10,000 a year. That's incredibly small compared to an auto or consumer product selling a few million units a year. I was looking around and about 2/3 of the older smaller planes at my field need some sort of upgrade. Guessing low and assuming that 100,000 planes need to be upgraded over the next five years, that would represent a tripling of existing GPS unit sales. Of course not everyone will be installing a full GPS but still, it's little wonder that the used units are holding their value.
aviatoreb Posted May 9, 2016 Report Posted May 9, 2016 13 minutes ago, markejackson02 said: Did some reading over the w/e. I was shocked by the numbers. By that I mean the tiny number of units people like Garmin sell. They have sold ~ 150,000 430 units since 1998. Figure 10,000 a year. That's incredibly small compared to an auto or consumer product selling a few million units a year. I was looking around and about 2/3 of the older smaller planes at my field need some sort of upgrade. Guessing low and assuming that 100,000 planes need to be upgraded over the next five years, that would represent a tripling of existing GPS unit sales. Of course not everyone will be installing a full GPS but still, it's little wonder that the used units are holding their value. Although the aviation variety are 10 times the expense (at least) of an auto variety.
Jerry 5TJ Posted May 9, 2016 Report Posted May 9, 2016 25 minutes ago, markejackson02 said: Did some reading over the w/e. I was shocked by the numbers. By that I mean the tiny number of units people like Garmin sell. They have sold ~ 150,000 430 units since 1998. Figure 10,000 a year. That's incredibly small compared to an auto or consumer product selling a few million units a year. Economy of scale does impact our costs strongly. You're right; the production rates are quite low. A newly introduced iPhone can sell a million units the first weekend...
aviatoreb Posted May 9, 2016 Report Posted May 9, 2016 Just now, Jerry 5TJ said: Economy of scale does impact our costs strongly. You're right; the production rates are quite low. A newly introduced iPhone can sell a million units the first weekend... Exactly - imagine how much an iphone would cost if they will only sell 100,000 units AND it needed to be certified to FAA standards.
markejackson02 Posted May 9, 2016 Author Report Posted May 9, 2016 1 hour ago, aviatoreb said: Exactly - imagine how much an iphone would cost if they will only sell 100,000 units AND it needed to be certified to FAA standards. Haha we'd all be using Android... 1
LANCECASPER Posted May 9, 2016 Report Posted May 9, 2016 10 minutes ago, markejackson02 said: Haha we'd all be using Android... That would be a dark day . . .
1964-M20E Posted May 11, 2016 Report Posted May 11, 2016 On 4/22/2016 at 9:45 AM, carqwik said: You answered your own question...buy new (except there aren't any new 430W's right?). If everyone else makes the same rationale choice, the price of those used units will have to fall to attract buyers. That's how markets work. You can get an Avidyne IFD440 new and it will slide into your existing 430 tray and the IFD540 into the 530 tray. They have even outlined a check list so that you could do the swap as the pilot of the plane if it meets certain requirements. You will not have some newer features over the 430 unless you have the ship wire them up for you.
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