| Joined: Nov 2006 Posts: 7,054 Likes: 99 Member/5000+posts! | Member/5000+posts! Joined: Nov 2006 Posts: 7,054 Likes: 99 | 54.99 K over six years, not counting oil, gas, insurance, and incidentals - easily over 60 k. But, could you expect to get that much for it if put up for sale? Nah. You can ask, but will you get any buyers? I know one instance where want the value of my airplane to be as low as possible, and that is when the County of Santa Clara asks me to give them my annual estimate of its value for their annual appraisal for property tax purposes. I'm supposed to give TTAF, TSMOH, etc. There is a list of things I am supposed to check off and estimate "good condition," "average condition," "Poor condition," etc. In past years, the exterior and interior were listed as fairly "poor." As I recall, last year the plane was appraised at $17,500 or something like that, and that's after I told them I had an engine overhaul. 1.5 percent x $17,500 = approx. $263 in annual property tax. It will be interesting to see how much higher the county appraises the value of a standard 1968 C-150 when I inform them that I had plane painted and that I spruced up the interior this year. I'm figuring maybe it will go up to $20K, at the most. If they have the audacity to tell me it is appraised at $40K-$50K, they will have an argument on their hands. | | | | Joined: Jun 2004 Posts: 35,523 Likes: 554 DA POOBS Member with 30,000+ posts!! | DA POOBS Member with 30,000+ posts!! Joined: Jun 2004 Posts: 35,523 Likes: 554 | But, could you expect to get that much for it if put up for sale? Nah. You can ask, but will you get any buyers?
Ain't no way I would get that... not even half... maybe a third. Yeah, it's a lotta money, but i knew what i was getting into when I bought it, and nobody but myself made me buy it. Besides, I've had more fun, pleasure, and memories flying it that ya can't put a price on. Besides, I wouldn't have met the folks in the Club here! Ya can't put a price on that, gang. ![[Linked Image from animatedimages.org]](https://www.animatedimages.org/data/media/218/animated-penguin-image-0137.gif) [ animatedimages.org] Imagine a united world. Join the Popular Front for the Reunification of Gondwanaland. | | | | Joined: May 2005 Posts: 361 Member/250+posts | Member/250+posts Joined: May 2005 Posts: 361 |
Yeah, it's a lotta money, but i knew what i was getting into when I bought it, and nobody but myself made me buy it. Besides, I've had more fun, pleasure, and memories flying it that ya can't put a price on. Besides, I wouldn't have met the folks in the Club here!
AMEN BROTHER!
Charlie R. | | | | Joined: Apr 2006 Posts: 9,272 Likes: 153 Member/7500+posts | Member/7500+posts Joined: Apr 2006 Posts: 9,272 Likes: 153 | I've put a bit more money in my 152 than I could get out of it, but it was a little here, a little there and now I've got one of the best 152's on the planet, and no idea (or concern) what the total tally is.
All I know, is that it is spendid to look at, a genuine pleasure to fly, and a joy to own. I don't intend to sell it, nor do I care to audit it. It's all mine, and for me, it is perfect. I love my airplane.
(I wouldn't even consider an even trade on a fully equipped spanking new 162)
TD
| | | | Joined: Mar 2004 Posts: 10,414 Likes: 848 Member/10,000+ posts! | Member/10,000+ posts! Joined: Mar 2004 Posts: 10,414 Likes: 848 | Ya can't put a price on that, gang. You certainly can't Poobs. While we may sink more money into our planes than they are worth in the end it is satisfaction we get from the pleasure that the planes provide us. Can't wait to take Woodstock, err, N714RV to PHL [ airnav.com] for some touch and goes after the sun sets. | | | | Joined: Jun 2004 Posts: 35,523 Likes: 554 DA POOBS Member with 30,000+ posts!! | DA POOBS Member with 30,000+ posts!! Joined: Jun 2004 Posts: 35,523 Likes: 554 | BTW.... what's this in the mail........ ...hmmmm... ...Lehigh Valley International? $685 landing fees at KABE?????  Guess this one goes in the stack with the bills from ATL, BNA, JFK, IAD.... Ed.... Bro.... .....want an alternator? ....we need to talk.  ![[Linked Image from animatedimages.org]](https://www.animatedimages.org/data/media/218/animated-penguin-image-0137.gif) [ animatedimages.org] Imagine a united world. Join the Popular Front for the Reunification of Gondwanaland. | | | | Joined: Nov 2004 Posts: 5,465 Likes: 22 Member/5000+posts! | Member/5000+posts! Joined: Nov 2004 Posts: 5,465 Likes: 22 | I'll be happy to ship. Two 150s will fit in a single 40 foot sea container.
Just for the record, you'll actually get three in there!!!!! - and yes, I know this for a fact 
Matt Gray
VH-UEG - A150K VH-UEH - Airedale A109 VH-UYL - Taylorcraft J2
aerobat@cessna150pilot.com
A150K@hotmail.com
| | | | Joined: Nov 2004 Posts: 5,465 Likes: 22 Member/5000+posts! | Member/5000+posts! Joined: Nov 2004 Posts: 5,465 Likes: 22 | I figure I have about 55K into Mary Lou. Let's see... Bought for 18k Radios... about 15K with labor Lighted wingtips.. 1.4 k New carb... 1.6 k Mag overhaul... .76 k Seats/carpet... 1.6 k VG's... .7 k Cowling and camlocks and painting... 1.3k Wig Wag installation... 1.2 k El Reno oil filter... .28 k Replace/repair failed instruments... 1.3 k Top overhaul in 2005... 5 k Annuals... 6 K Replace transponder... .85 LED Beacon... .4 k There's more, but ya get the drift... 54.99 K over six years, not counting oil, gas, insurance, and incidentals - easily over 60 k. Oh yeah..... and landing fees that have come from airports in Pennsylvania and other places.... hmmmmmm. It is important that you recognise the difference between "Value adding" and operational on going expenditure....some people cant quite distinguish that small but important fact. More than half the stuff you have listed there are ongoing "operational expences" not Value added items - e.g.just cause you spend 0.76 on getting the mags fixed does not raise the value of the 0.76. That said, the retained value of the Value Added items is no where near the initial purchase price when it comes to Resale - that is, everything depreciates from Day 1 It's like people who list the Annual rego for their car, and service costs as added value, its an expense - i.e the car cost 10K I've registered it twice @ $500.00pa and had it serviced in that time for $1200.00 so now it owes me $12,200. What it really owes you is the cost of purchase less Depreciation, those other two costs were operational expences, not value added to the base price.
Matt Gray
VH-UEG - A150K VH-UEH - Airedale A109 VH-UYL - Taylorcraft J2
aerobat@cessna150pilot.com
A150K@hotmail.com
| | | | Joined: Feb 2009 Posts: 2,706 Likes: 155 Member/2500+posts | Member/2500+posts Joined: Feb 2009 Posts: 2,706 Likes: 155 | I'll be happy to ship. Two 150s will fit in a single 40 foot sea container.
Just for the record, you'll actually get three in there!!!!! - and yes, I know this for a fact Want three more?
N18506 C-150L overhaul project N5275G C-310A flying ecological disaster N37BZ fast wrong way 150 N383FM kerosene burning insanity N55HL you bought a what?
| | | | Joined: Jan 2004 Posts: 18,962 Likes: 3 Member/15,000 posts | Member/15,000 posts Joined: Jan 2004 Posts: 18,962 Likes: 3 | I get more pleasure just having three non-airworthy airplanes in MY hangar than I'd ever acquire from selling all of them in a fully restored condition. They are mine (such as they currently are) and I just can't really put a monetary value on that. | | |
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