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I would note the entire sum spent on the rivet purchase for my records and submit that for tax at the appropriate time. I know that I'm shorting myself a bit, but I long ago decided to err on that side rather than guesstimating the other way. |
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Those questions nearly always elicit some honest conversation and help me to arrive at a fair (to me, anyway) offer. |
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How about sellers etiquette, the person that sends old pictures , misrepresents overall condition, only to find out after spending travel time and money.
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As a seller I would be ok with someone asking how how negotiable I am vs "What's your bottom dollar". Those are two entirely different questions in my mind. The first is just asking if the price is firm, then second is trying to make me negotiate against myself.
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I've been in the position of trying to sell an airplane that's largely painted white in color. Of course in this part of the world we have snow, lots of snow. White airplanes don't show up well against a snow background. Plus winter light typically is pretty poor for photography unless one gets one of those fairly rare clear blue sky days where it's frigid but at least sunny. I've had one potential buyer tell me that my pictures, taken late in the autumn, weren't current enough to merit him driving 1.5 hours to come see the airplane. Instead he wanted me to go to the hangar on a crappy, grey day, shovel the snow from in front of the hangar, haul the airplane out and take new pictures with the date emblazoned on them to satisfy his need for current photos. No thanks, life is too short for that. |
I don?t have much experience selling aircraft however I have bought and sold a lot of sports cars as a hobby. I had one car that was perfect. 12,000 miles and not a scratch on it. Book value was a well established 28,000. I listed the car for 28,500 since it was a 1% car condition wise. First buyer showed up and did a long test drive which was a bit more aggressive than my liking. Told him it was time to head back to end it. He offered me 19,000 cash. I said no thanks. He said aren?t you going to make a counter offer. I said I had no counter to 19,000. He said you always counter so I said ok, 29,000. He said that?s ridiculous since I was asking 28,500. I said no more ridiculous than your offer goodbye.
Second buyer showed up, looked at the condition of the car and service records and wrote a check for 28,500 without even a test drive! George |
Tax
"Fair question (no example too trivial for me, but I'm notoriously meticulous (my wife would probably say "anal")).
I would note the entire sum spent on the rivet purchase for my records and submit that for tax at the appropriate time. I know that I'm shorting myself a bit, but I long ago decided to err on that side rather than guesstimating the other way." Fair enough. I estimate because I have a virtual hardware store in my workshop; I use the AN hardware , etc. on other aircraft...including some other builders...you know, those guys working on their project on a Sunday and find that they are short a bolt or a few rivets... Not to mention it is usually cheaper to buy, for example, a package of 100 washers or nuts. You get a discount and the shipping remains the same... |
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