Give your head a shake!!!

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dave_091
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Give your head a shake!!!

Post by dave_091 »

To everyone trying to sell a PA-28 140 in Canada - Please wake up!

The lowest price I see is 40k for a 140 in Canada. There is a LOT more choice south of the border with people trying to sell their A/C for less than HALF of what people are asking for in Canada - Serious rediculousness up here.

I can pay for a AME to go to the US and check out a A/C (or three) on full per diem for a week, buy the A/C and fly it home and still save a hefty bundle.

For all that are selling A/C in Canada you should ask for a lower price now b/c when our economy goes south (no pun intended) you'll be getting close to what the prices are in the states.

End of rant...
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iflyforpie
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Re: Give your head a shake!!!

Post by iflyforpie »

I've only seen one Cherokee 140 for that, and that was one with a newly overhauled engine, new paint, new interiors, and a nice KMD 150...... back in 2006.... and it didn't sell for 12 months.

Most I see average around the 30K mark.

I would advise caution on importing though. Many imports can erase the savings if not done right. An AME 'checking it out' is not an import.
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rooster
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Re: Give your head a shake!!!

Post by rooster »

Interesting. Someone once told me to give my head a shake when I listed a car in the autotrader for twice what was being asked for south of the border for the same condition, mileage and model.

The car sold 3 days later for just below asking price.

Moral of the story? I can ask for whatever freakin price I want. If its outta your budget, then move on!! That goes for anyone else including those selling PA28-140's.

Next :roll:
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dave_091
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Re: Give your head a shake!!!

Post by dave_091 »

iflyforpie wrote:I've only seen one Cherokee 140 for that, and that was one with a newly overhauled engine, new paint, new interiors, and a nice KMD 150...... back in 2006.... and it didn't sell for 12 months.

Most I see average around the 30K mark.

I would advise caution on importing though. Many imports can erase the savings if not done right. An AME 'checking it out' is not an import.

I stand corrected... there are a few below the 30K mark.
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GyvAir
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Re: Give your head a shake!!!

Post by GyvAir »

I've encountered quite a few people gushing and smiling - before completing the import - about their "half-what-I'd-have-paid-north-of-the-border" aircraft. Not so many still smiling months later, after they'd spent the money to bring that aircraft up to snuff to meet import requirements.
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dave_091
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Re: Give your head a shake!!!

Post by dave_091 »

GyvAir wrote:I've encountered quite a few people gushing and smiling - before completing the import - about their "half-what-I'd-have-paid-north-of-the-border" aircraft. Not so many still smiling months later, after they'd spent the money to bring that aircraft up to snuff to meet import requirements.
I agree, there are a couple hanger Queens I know of that were bought south of the border. However, I feel this can be prevented by doing your homework ( 377's, A/C history, etc) and spending a few extra dollars on inspections pre-purchase. There should be NOTHING that surprises you when you bring that A/C across the border to register it in Canada. You should know the aircraft inside and out before even attempting a import, if you don't then your rolling the dice.

However, for the couple import hanger queens ( one has a cracked main spar and the other had work that had to be redone because it was never signed for by a A&P) I know of there are quite a few successful imports as well. They did their due diligence and knew what they were getting into prior to purchase.
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Re: Give your head a shake!!!

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azimuthaviation
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Re: Give your head a shake!!!

Post by azimuthaviation »

Pratt X 3 wrote:What about this one? http://www.barnstormers.com/classified_ ... Hours.html
The engine is 400 hours past TBO, replace that and youre back to 44,000.
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Re: Give your head a shake!!!

Post by Taiser »

Prices are insane in Canada, but that's up to the seller, if he thinks he can sell it for that price good for him. Most of us will look south. I got the engine for my homebuilt in the states for less than a third of what the asking prices here was. Prices will eventually drop, just takes time. Our economy is holding up for now which keeps prices up.
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GyvAir
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Re: Give your head a shake!!!

Post by GyvAir »

dave_091 wrote:However, I feel this can be prevented by doing your homework ( 377's, A/C history, etc) and spending a few extra dollars on inspections pre-purchase.
Absolutely.

Doing your homework can be expensive when importing though, as the aircraft and logbooks are usually far from home base and in another country. This expense leads to pressure to get it done as quickly as possible. Hence, the trap is set.

Some things that may not get caught on a normal pre-purchase do come to light during a typically more stringent import inspection. The most common ones I hear of being missed are lack of proper documentation of repairs, modifications or installations or said work not being done to the appropriate standards to start with.
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Re: Give your head a shake!!!

Post by 1000 HP »

I put my '67 Mooney up for sale for $67,000. It runs good and has a few mild improvements including a new com selector and Garmin SL30 navcom. If anybody thinks they can buy a nicer unit cheaper south of the border, have at 'er. I don't care if my airplane sells or not. If it does, I'll put the money into a nice sailboat. Trades anyone? :rolleyes:
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dashx
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Re: Give your head a shake!!!

Post by dashx »

Got your choices here:

http://www.globalplanesearch.com/canada ... ee_all.htm

Here is a bunch more some even in Canada:

http://www.controller.com/list/list.asp ... EROKEE+140

Still:
Serious rediculousness
Yes I am giving my head a shake. Is that ridiculous? Or what?

I did not know Avcanada has spell checker (I do now).

Still can't afford one even if it was below 30K. Good luck finding one here (or in the US).
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BeaverFixer
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Re: Give your head a shake!!!

Post by BeaverFixer »

I don't know, How many US aircraft are you going to do a thorough pre-purchase inspection before you find "the right" one?
Probably not the first aircraft you look at down there is going to be "the one". So you take an AME for a week, look at a bunch of advertised "pristine" junk Cherokee's for 2-3 days each and travel all over the States. In my experience most old airplanes are better maintained in Canada than the US. I know there are a lot of good aircraft down south also but you probably will have to look at a lot of junkers to find that one.
You can spend a lot of money in a hurry and that is before you even bring it into Canada. I have imported a few aircraft for customers, it has to be a real screaming deal to make it worth doing.
Just sayin.
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Sam300
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Re: Give your head a shake!!!

Post by Sam300 »

Was also looking down south for a plane for the simple fact there are only so many airplanes of the type I am looking for and the price is an issue. I also feel things are a little overpriced here.

Does an airplane with a missing log make it impossible to import?
any input is appreciated
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Re: Give your head a shake!!!

Post by 1000 HP »

Sam300 wrote:Was also looking down south for a plane for the simple fact there are only so many airplanes of the type I am looking for and the price is an issue. I also feel things are a little overpriced here.

Does an airplane with a missing log make it impossible to import?
any input is appreciated
I once purchased a 1946 Beech 18 with a missing log. Transport allowed me to sign an affidavit stating this and that (can't remember it was 20 years ago) and soon I had a registered Beech 18. I wish I hadn't sold it but that is how it goes...
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Re: Give your head a shake!!!

Post by C-GKNT »

BeaverFixer wrote: ...
I have imported a few aircraft for customers, it has to be a real screaming deal to make it worth doing.
Just sayin.
I agree. Unless you have been through the process it is difficult to understand how much extra the import process can actually cost.

I imported an Aerostar this spring. Although the aircraft (and logs) were in great shape, I think I still spent 20-25K+ on things that would not have been required if I kept it N-registered. Standards in Canada can be much higher than in the U.S. 10-year calendar limit on prop overhauls come to mind. Yes, an Aerostar is in a different class than a Cherokee but on a relative basis I suspect the cost to import would be similar.

Saving money by buying an airplane in the U.S. ... possibly, but having been through the process, I would not count on it. On the other hand, they have a significantly larger market, much more to choose from.

Glenn
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Deltawidget
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Re: Give your head a shake!!!

Post by Deltawidget »

I searched for about 3 years before finding a decent pa28 which had not been sitting around corroding. Lots of high prices because ppl don't understand market prices and also, they told their wife that the plane would sell for over 40g's so that's what they try and price at. Not too long ago I saw a pa28-151 with 300hr engine and garmin 430 for $125k. Yup! More recently, the seller has dropped the price to around 85k. If you don't subscribe to copa you should. Lots of pa28's for sale. If you see something you like, maybe there's a reason the price seems inflated. If not, make an offer. The worst a seller will say is "no". You. An find good deals down south IF you do your homework. But for a relatively simple aircraft like a pa28, it's probably not worth the hassle, or the risk of poor documentation or field mods which need to replaced or removed. Spring time has more listings, good luck!
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Re: Give your head a shake!!!

Post by Shiny Side Up »

1000 HP wrote:I don't care if my airplane sells or not.
Since I've been airplane shopping, the big thing I notice is not many Canadian sellers are motivated sellers. the above is common sentiment, where it seems every airplane is for sale in Canada if you are willing to pay the right ammount of money. I would suspect that most airplane owners in Canada are somewhat better off financially than most sellers in the US, most of whom seem very motivated - lots of people down there getting rid of their toys. Unfortunately there have been very few really good deals I've seen for importation purposes, and those that I thought were are only that still because I haven't been able to take a good look at them to possibly change my mind. Lots of Junk with nice paint jobs out there IMHO.
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Re: Give your head a shake!!!

Post by 1000 HP »

My mechanic in Saskatoon had a customer who bought a Mooney M20F in the USA. The buyer brought it back but should have taken an AME with him for the pre-buy. The aircraft had been flown past VNE and had a very wrinkly wing. It had to be permanently grounded. It would be that much harder to get your money back on a cross-border deal..
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Re: Give your head a shake!!!

Post by akoch »

GyvAir wrote:I've encountered quite a few people gushing and smiling - before completing the import - about their "half-what-I'd-have-paid-north-of-the-border" aircraft. Not so many still smiling months later, after they'd spent the money to bring that aircraft up to snuff to meet import requirements.
I imported mine. After the closing, air ticket, hotel and flying expenses I had to do the importation, and the full annual concurrently. This costed me 5k. And the HST.

After everything was factored in, the airplane costed ~60% of what people asked for a high-hour one here (what I mean by this is 1600 TT vs 160 TT I got). 1.5 years later all is still good.
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Re: Give your head a shake!!!

Post by Cadismack »

I was in the market 12 months ago and chose not to go the USA route. Negotiated with one seller in canada who had his posted for about 25k over market. Found another model of the same type and negotiated the seller down for 35 k less then the previous. The plane took me to Oshkosh and all around the rocks. Needless to say the previous plane is still for sale after the owner wouldn't budge 6k for me.

Can't say I'm too upset though. Got much more of an airplane for a far better price. There are planes for reasonable prices in Canada but it could take some time to find the right motivated buyer.
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Re: Give your head a shake!!!

Post by oldncold »

some cdn owners purchased back when the $ cdn to us was a buk 1.60 they now have airplanes that are now competely upside down relative to current market value . very hard pill to swallow. adding insult to financial injury is the revolution in avionics now requires another 30-50 k to be competive vs usa planes with no damage history /.complete logs since new if one desires a quck sale . :rolleyes:

example: usa 1980 172 mid time eng 3500tt factory reman inculdes hoses starter mags and harness done 2007
prop overhaul with sale garmin 430 stec 55x 327 transponder coupled 406 elt 60k paint in 99 interior 2004 .all logs since no damage history.

canada" worn out 79 asking 55 k firm

which one would you buy :rolleyes:
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Sam300
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Re: Give your head a shake!!!

Post by Sam300 »

oldncold wrote:some cdn owners purchased back when the $ cdn to us was a buk 1.60 they now have airplanes that are now competely upside down relative to current market value . very hard pill to swallow. adding insult to financial injury is the revolution in avionics now requires another 30-50 k to be competive vs usa planes with no damage history /.complete logs since new if one desires a quck sale . :rolleyes:

example: usa 1980 172 mid time eng 3500tt factory reman inculdes hoses starter mags and harness done 2007
prop overhaul with sale garmin 430 stec 55x 327 transponder coupled 406 elt 60k paint in 99 interior 2004 .all logs since no damage history.

canada" worn out 79 asking 55 k firm

which one would you buy :rolleyes:
I agree, there are so many many people upside down financially that it is hard to find a good deal here in Canada. I think if you do your research and look closely there are deals to be had.

Wait and see how the fiscal cliff works out in the states, could get more affordable
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ahramin
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Re: Give your head a shake!!!

Post by ahramin »

Have a look at this one.

viewtopic.php?f=8&t=85332

Buddy was trying to sell the whole airplane a year ago, no buyers. So now he's trying to con some people into buying shares.
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Re: Give your head a shake!!!

Post by 1000 HP »

When the economy is good, prices go up. Bad, prices go down. I remember when Beavers were $225,000 back in the early '90s. Then somebody bought CGPHI for a huge amount and the price war started. Now it's going back down. I'm on the losing end at the moment but like stocks, if I hang on it might turn around. To bad I was looking forward to selling it and getting a boat. Still open to trades :rolleyes:
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