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RV10 Valuations
I travel for work and am only home on days off; then I instruct. However I just have to have an RV10!
I have been looking but find nothing on the used market; I finally found one but going through the process I see no way of determining value. One loan company says they average three sample aircraft for sale in the US, yet I find none. I'm putting 40-50% down but still need some sort of a valuation. Does anyone know how to get an evaluation of an RV10? I searched the forums here and didn't find the topic. I also called AOPA and searched the internet, nothing.... Thanks You for any help you can provide. |
Welcome to VAF
First off, welcome aboard the good ship VAF:D
Second, congrats on the RV 10 decision ------ great plane, loved ours. Third-------contact Vic Syracuse about value. http://www.vansairforce.com/community/member.php?u=1415 Jesse Saint is another on to check with. http://www.vansairforce.com/community/member.php?u=1457 |
As you mentioned there's not a large enough secondary market on RV-10s to begin speculating 'Value'. I had a gentleman randomly offer me $300K for my RV-10, so does that mean it's worth $300K, or just $300K to that guy. I personally think it's priceless!
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$270,000
I just sold my RV 10, 3-3GX, GTN 750, AP, leather interior, O2, EFII, great paint job. for $270,000 400TT. Brand new I0-540...one data point
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Experimentals can be a tough nut, especially when dealing with shylocks. My friend Ron has the knowledge to help you find some answers, he is sort of local, will talk a bit for free, and is worth paying when you really need him:
http://aircraft-appraiser.com/ |
It all depends on how the plane is equipped. IMO you can't beat the bang for the buck of the RV-10, and if I sold the one I'm flying I couldn't replace it. I'd have to spend double the money to get a comparable aircraft (not RV-10) and 3x to operate it.
No thanks. For a data point, I still don't think I'd entertain an offer north of $300k for the one I'm flying, and you'd also have to convince my partners. Dual G3X, GTN650, GMC307/GSA28 AP with YD, G5, GDL52R, GSU25, GAD29, GEA24, VPX-Pro, TCW IBBS, EarthX, and more, 275 hrs on a new Thunderbolt IO-540, Great paint job, leather interior, ZipTips.. Cruises low 170s easy, or more economical at 160 on 10.5gph. |
Just as a data point I would entertain offers over $270k for ours.
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Those last two quoted numbers are off scale high for the advertised prices I have seen on the classified sites. At the moment there are few for sale, but that goes up and down as well.
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