I did a search but did not find anything specific to my question.
Is the core value of an experimental engine less than a certified? My rationale is that a core value is based off of itself plus the overhaul costs relative to a new engine? For the certified owner a rebuild makes HUGE sense, For the experimental owner Vans new experimental engine pricing is within a close reach of a rebuild depending on the extent of the rebuild. Any more or less $$$ if an engine started life experimental from day 1?
Reason for my question.
I may have a lead on a clone 0-360 on a stalled project. I would have bought it all but the workmanship was not good at all (Blue plastic still on the inside of the wing skins and riveted on) It's in the SE about 150 miles inland. Roughly 5-6 years old, never run except at the factory. "pickled" (that term varies widely). Says it gets turned over by hand, but even if it does that sounds like wiping all the oil OFF.
He wants what he paid for it. Which I would not pay due to the fact I can get a new one and have no worries. I think after while unless someone falls in love with it there will be room to negotiate. I won't need it for a couple years anyway. At the end of the day it's whatever two people agree on.
If I were to cut a deal I thought core value is what its worth due to its stagnant life (Core value is FAR apart from the ask).
Am I being too conservative?
Is the core value of an experimental engine less than a certified? My rationale is that a core value is based off of itself plus the overhaul costs relative to a new engine? For the certified owner a rebuild makes HUGE sense, For the experimental owner Vans new experimental engine pricing is within a close reach of a rebuild depending on the extent of the rebuild. Any more or less $$$ if an engine started life experimental from day 1?
Reason for my question.
I may have a lead on a clone 0-360 on a stalled project. I would have bought it all but the workmanship was not good at all (Blue plastic still on the inside of the wing skins and riveted on) It's in the SE about 150 miles inland. Roughly 5-6 years old, never run except at the factory. "pickled" (that term varies widely). Says it gets turned over by hand, but even if it does that sounds like wiping all the oil OFF.
He wants what he paid for it. Which I would not pay due to the fact I can get a new one and have no worries. I think after while unless someone falls in love with it there will be room to negotiate. I won't need it for a couple years anyway. At the end of the day it's whatever two people agree on.
If I were to cut a deal I thought core value is what its worth due to its stagnant life (Core value is FAR apart from the ask).
Am I being too conservative?