TLSDriver Posted October 2, 2011 Report Posted October 2, 2011 Are there dealers out there that will write a check for your plane instead of consignement? I am sure I will get 'short' money doing it this way. However, I started thinking if I place the plane with a broker I could pay months of payments, insurance, hanger fees, etc. I am located in Ft Myers, FL. Any ideas on how to best sell a plane is this market would be appreicated. David Quote
johnggreen Posted October 2, 2011 Report Posted October 2, 2011 David, All American Aircraft in Spring Branch, TX, says in their ad that they will give you a "competitive cash offer" for your aircraft; 830-885-5723. Online @ www.allamericanaircraft.com. There is also Delta Aviation; 810-417-9950, but their ad in MAPA doesn't say they will buy. Midwest Aviation in Paducah handles a variety of aircraft; heavy in Beechcraft and American Champion. They just bought a Decathlon from me, certified check at a "reasonable" wholesale price. 270-744-8600. Marks Aviation; 310-488-9526. I'm no expert, but I have owned 32 aircraft at last count. If your airplane is "ready to go", no red flags, then selling it to a retail buyer is not an overwhelming obstacle. I would think that a "ready to go" Bravo would move reasonably well even in this market if reasonably priced. If you have any contingencies or marginal issues with your airplane, you will sell only if it's cheap, real cheap. I would love to know what the outcome is. If you don't want to post it, email me at johnggreen@cableone.net. JG Quote
carusoam Posted October 2, 2011 Report Posted October 2, 2011 TLSD, Speak with David at All American Aircraft. They were the registered owner of my plane when I bought it. Best regards, -a- Quote
jetdriven Posted October 2, 2011 Report Posted October 2, 2011 I would guess the "cash today" price is going to be lower than the proceeds from selling it after paying a few months of payments, etc. Whoever buys it has to assume some risk, and take the line of credit out to finance the plane as well. Quote
TLSDriver Posted October 2, 2011 Author Report Posted October 2, 2011 I will give Dave a call at All American tommorrow. Will post my results here. Thanks for the feedback. David Quote
GeorgePerry Posted October 3, 2011 Report Posted October 3, 2011 Quote: TLSDriver Are there dealers out there that will write a check for your plane instead of consignement? I am sure I will get 'short' money doing it this way. However, I started thinking if I place the plane with a broker I could pay months of payments, insurance, hanger fees, etc. I am located in Ft Myers, FL. Any ideas on how to best sell a plane is this market would be appreicated. David Quote
KSMooniac Posted October 3, 2011 Report Posted October 3, 2011 You should certainly start by listing it here! If it is a premium plane, you likely won't have trouble selling it if you price it right. If it needs some TLC or has other issues, then perhaps not... Quote
TLSDriver Posted October 3, 2011 Author Report Posted October 3, 2011 Quote: KSMooniac You should certainly start by listing it here! If it is a premium plane, you likely won't have trouble selling it if you price it right. If it needs some TLC or has other issues, then perhaps not... Quote
Parker_Woodruff Posted October 3, 2011 Report Posted October 3, 2011 Price it to be the next one to sell. Where you can't find another plane that could be reproduced to be exactly like yours for less money. Quote
TLSDriver Posted October 3, 2011 Author Report Posted October 3, 2011 Parker, Not sure I understand. Try and locate similar airplanes and price it a bit lower? David Quote
Parker_Woodruff Posted October 3, 2011 Report Posted October 3, 2011 Quote: TLSDriver Parker, Not sure I understand. Try and locate similar airplanes and price it a bit lower? David Quote
rbridges Posted October 3, 2011 Report Posted October 3, 2011 In some states, like mine, you don't pay sales tax on private party sales. If I purchase it from a business, it adds 7%. It may be a small advantage in your favor. 7% of 40-50K is ~3K. I'd try listing it for a few weeks. Even a broker may get you a few bucks more than selling directly to a "dealership," Quote
Hank Posted October 3, 2011 Report Posted October 3, 2011 Quote: TLSDriver You mean on Mooney Space site? Quote
PTK Posted October 3, 2011 Report Posted October 3, 2011 If you are not in a bind to sell quickly you should list it on your own. Also speak to your MSC and let them know you are wanting to sell. A lot of times people go to the mechanics who are familiar with the maintenance history to find them a good airplane. Your absolute last resort is to go to a broker. They do not have your best interest in mind! Sent you a PM. Quote
Parker_Woodruff Posted October 3, 2011 Report Posted October 3, 2011 Quote: allsmiles Your absolute last resort is to go to a broker. They do not have your best interest in mind! Sent you a PM. Quote
fantom Posted October 3, 2011 Report Posted October 3, 2011 Reasonable people who don't flip-flop, and respect each others times, can profit each other. A good broker can save you time, knows how to get deals done, may get you a better plane or a better price, and both parties can walk away happy. Given a wise guy, penny anti, potential buyer or an unscrupulous broker, then it could be a disaster. A decent broker most assuredly realizes the best interests of his client are in his best interests. I wonder if the average potential buyer has the "best interests" of the broker in mind. Business 101. Quote
gregwatts Posted October 3, 2011 Report Posted October 3, 2011 Quote: fantom Reasonable people who don't flip-flop, and respect each others times, can profit each other. A good broker can save you time, knows how to get deals done, may get you a better plane or a better price, and both parties can walk away happy. Given a wise guy, penny anti, potential buyer or an unscrupulous broker, then it could be a disaster. A decent broker most assuredly realizes the best interests of his client are in his best interests. I wonder if the average potential buyer has the "best interests" of the broker in mind. Business 101. Quote
PTK Posted October 3, 2011 Report Posted October 3, 2011 Very well said Gregwatts! Brokers need to understand that they need buyers and sellers. Not the other way around! There is absolutely nothing the broker brings to a transaction. Business 201! Quote
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