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Posted

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

Posted

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

Posted

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.

Posted

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

Posted

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...

Posted

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...

Posted

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,"

Posted

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.


 

Posted

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.


Posted

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.

Posted

 



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!



 

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