Cessna 172M Value

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JasonE
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Re: Cessna 172M Value

Post by JasonE »

I'm at the 50K Pitts adrenaline stage myself...Just short 40k.

I still feel the market will fall in the next 12 months, just not sure to what degree. I was happy to sell my Cherokee not that long ago for 34K. It was well equipped VFR. Now the same airplane is 50-60K.
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Fishizl
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Re: Cessna 172M Value

Post by Fishizl »

Squaretail wrote: Thu Aug 11, 2022 8:11 am The price is inflated on 172s now because the flight schools and survey outfits are trying to scrounge up every last one of them to press into service. Even at 145K, its still cheaper than any trainer made in the 2000's.
Exactly, there are less and less (low time, straight) 172's around these days and think even if they're inflated prices today, I'm doubtful they will drop that much.
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photofly
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Re: Cessna 172M Value

Post by photofly »

If 172's do drop in price like some of the contributors here seem to think is inevitable, I'm in the market for a couple, for cash.
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gncd
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Re: Cessna 172M Value

Post by gncd »

dash8dave wrote: Tue Aug 09, 2022 2:55 pm 1956 CESSNA 172 SKYHAWK
Piston Single Aircraft
Price:USD $67,000

1976 CESSNA 172M SKYHAWK
Piston Single Aircraft
Price:USD $184,900

1976 CESSNA 172M SKYHAWK
Piston Single Aircraft
Price:USD $65,663

1977 CESSNA 172N SKYHAWK
Piston Single Aircraft
Price:USD $109,950

1977 CESSNA 172N SKYHAWK
Piston Single Aircraft
Price:USD $115,000

1977 CESSNA 172N SKYHAWK
Piston Single Aircraft
Price:USD $128,900

Its hard to believe that if the luxury vehicle tax goes into place as is being discussed 4 of those 6 aircraft will be 'luxury' vehicles due to the $100,000 limit.
The Luxury Tax is for aircraft with a manufacture date of 2018 or later - as I understand it, the tax would not apply in the purchase of a used aircraft over 100k.

See https://www.canada.ca/en/revenue-agency ... c106180172 and quote below:

Under subsection 2(1), subject aircraft means an aircraft that is an aeroplane, glider or helicopter with a date of manufacture after 2018 that meets any of the following conditions:

- it is equipped only with one or more pilot seats and cannot have any other seating configuration
- it is equipped only with one or more pilot seats, or is not equipped with any seats, and cannot have a seating configuration of 40 seats or greater (excluding pilot seats)
- it is equipped with one or more pilot seats and one or more passenger seats and has a seating configuration of 39 seats or fewer (excluding pilot seats)

An aircraft that has already been registered with a government before September 2022Footnote1 is excluded from this definition, provided that the user of the aircraft also takes possession of the aircraft before this date. An aircraft that is designed and equipped for military activities and an aircraft that is equipped solely for carrying goods are also excluded. For greater certainty, a subject vehicle is also excluded from the definition of subject aircraft.
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