It's A Good Time To Buy
If you have any inclination to purchase a “new” aircraft the ideal time may be right now.
There are some really great deals in aircraft floating around these days. If you are in the market, these next few months might well be the time to break into the piggy bank, negotiate hard and pull the trigger. If we are on an economic rebound, the low prices I’ve been seeing lately won’t stick around.
And, what I have been seeing are some very good deals. For example, I just heard of a Cessna 185 with good times, on amphibs for $250,000. Then I just noticed a one owner (a Fortune 500 company) Cessna Citation 500 with comparatively low times for less than $500,000. I also ran across a Caravan on amphibs you could have picked up for sub $600,000. And I have seen some really great prices on Beech Barons.
Right now, I think you can take a look at V-ref or the Blue Book and offer “wholesale” prices with a good chance your offer will be accepted. It’s definitely a buyer’s market.
Which brings to mind: The EAA is running their aircraft auction on Saturday at AirVenture this summer. That will be very interesting to watch and should help us get some additional definition in the marketplace.
In the mean time, if you hear of any crazy great deals, post them here so we can get a feel for where this market is going. We also have many good listings in the AircraftOwner classified area.
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