rethinking an E instead of a J

[KLRDMD]

  On 12/19/2016 at 4:17 AM, DonMuncy said:

I don't doubt you have done this. If one were to set out to make money buying and selling, I suspect it could be done profitably, if one buys right, makes only the changes which are economically smart, and sells without broker fees. However, for most of us, we want to buy a plane to fly because we want that plane. We then make the paint, interior and avionics the way we want them. That is, the way we want to fly, not the way that will work for resale. When you do it that way, you don't make money; you spend it. Then if you change planes, it is expensive.  

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Each of the airplanes I bought, I bought because I wanted that airplane or because that airplane met my needs for the current time. Too many people keep an airplane for years and years when their needs change over those years. I don't do that. I never intended to sell any of the airplanes but I made sure to buy each airplane "right". My needs have changed dramatically over the years so my airplanes changed dramatically. A few, I just wanted which is also a very reasonable reason to buy an airplane.

I've upgraded a few airplanes, not upgraded most of them. I've used a broker, mostly I didn't. There is no one recipe for airplane ownership. Buy what's right for you today but buy it right in case another airplane is right for you next year.

[ArtVandelay]

  On 12/19/2016 at 4:23 AM, Hank said:

Some of us buy well-equipped planes and fly them, doing proper maintenance and fixing things when they break. This does not cost an arm or a leg, much less both . . . .

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Some of us are picky, there is not a J on the market today I wouldn't need to upgrade.

[AndyFromCB]

  On 12/19/2016 at 3:43 AM, KLRDMD said:

I see this written on a regular basis.  Swapping  planes can be expensive but I've made +/- $75,000 swapping airplanes over the last 15 years and only lost money on one transaction.

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Really? Do you have spreadsheets to prove it ;-) Did you use some sort of "I'm glad I didn't get caught" sales tax avoidance strategy? Generally, sales taxes alone will eat you alive in swapping planes.

[KSMooniac]

Not all states collect sales tax...especially if buying from a private owner (called a casual sale). Arizona (Ken's home) isn't one of the bloodthirsty states like it's neighbor to the west...

Sent from my VS985 4G using Tapatalk

[KLRDMD]

  On 12/19/2016 at 5:14 AM, AndyFromCB said:

Really? Do you have spreadsheets to prove it ;-) Did you use some sort of "I'm glad I didn't get caught" sales tax avoidance strategy? Generally, sales taxes alone will eat you alive in swapping planes.

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There is no sales tax on airplanes in Arizona.

[rbridges]

  On 12/20/2016 at 1:01 AM, KLRDMD said:

There is no sales tax on airplanes in Arizona.

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Georgia was like that when I got my plane but it has changed. Aggravating at the vintage plane level but quite a bit at the newer plane prices. 

[Ftlausa]

  On 12/19/2016 at 4:27 AM, teejayevans said:

Some of us are picky, there is not a J on the market today I wouldn't need to upgrade.

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Are you sure about that?  Premier just sold a J with a totally upgraded panel, including a G600 glass panel.  I saw is yesterday when I picked up my new (to me) Ovation.  My J will be listed shortly, and it has a GTN 750, GTN 650, GTX 345, GTX330ES (backup) GMA 35R with Bluetooth, GTS 800 active traffic, stormscope, and a GDL 69.  Not much more to add there except glass.   

[ArtVandelay]

  On 12/20/2016 at 1:13 PM, Ftlausa said:

Are you sure about that?  Premier just sold a J with a totally upgraded panel, including a G600 glass panel.  I saw is yesterday when I picked up my new (to me) Ovation.  My J will be listed shortly, and it has a GTN 750, GTN 650, GTX 345, GTX330ES (backup) GMA 35R with Bluetooth, GTS 800 active traffic, stormscope, and a GDL 69.  Not much more to add there except glass.   

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JPI 830 or better ....LED lights, not to mention interior and exterior depending on condition 

[Ftlausa]

  On 12/20/2016 at 3:02 PM, teejayevans said:

JPI 830 or better ....LED lights, not to mention interior and exterior depending on condition 

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Ok, you got me on the JPI, its an older model. 

[carusoam]

Welcome to the O club, Ftlausa!

Best regards,

-a-