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jaybannist(at)cs.com
Guest

Posted: Wed Aug 25, 2010 10:16 am Post subject: Help !

I need your help.

     

     My airplane, N2630J, "Lil Bruiser", a Zodiac 601XL with a William Wynne Corvair engine, was a certified (E-AB), well mannered, flying airplane.  In an off-airport landing, it struck a berm, bending t the nose gear strut, firewall, cabin floor and cowling.  The prop was stopped in the horizontal position, so the prop nor engine suffered damage.  It is now hangared at Hicks Airfield near Fort Worth, Texas.

     

     Because of my physical condition, I am no longer able to fly, so I know that I will never fly this airplane.   Consequently, as you might guess, I have no motivation to repair it myself; and would like to sell it to someone who will fly it.

   

   I have invested around  $50,000 in the airplane and I am willing to sell it for $20,000. It  will require about $3,000 in parts to repair. So for around $23,000 (less than the cost of a 650 kit and an engine) and around 300 hours of work, a person could have one sweet $50,000 airplane in a relatively short period of time.  

     

     I have the XLB upgrade kit, still in the shipping containers that will be furnished to a buyer.

     

     My questions are:  

   

     Is trying to sell the airplane as is, where is, reasonable?

   

     If so, how is the best way to go about finding a buyer?

   

     If not, should I consider selling parts, or just sell the whole thing to the salvage yard?

   

   Thanks for your help in advance,

   

   Jay Bannister

   

   

      

             

      

            

        

      

      

    

    [quote][b]

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mhubel

Joined: 05 Sep 2009
Posts: 141

Posted: Wed Aug 25, 2010 11:55 am Post subject: Help !

Jay,

         I would think your best bet it to sell it as is. Since it has     flown and has an airworthness certificate, it should be worth more     as a package.

         I also once damaged the nose wheel and had to streighten up some     other metal. It turned out not to be as big a job as was expected.     Most of the critical (read not easily replaced) parts could be fixed     in place. Everything that needed to be replaced was done in perhaps     50 hours.

         I understand that Flight Crafters in Zephyrhills 813-690-1916     will do the upgrade at a very reasonable price.  He is also likely     to do the repair. I would ask for a ball park estimate. He will     probably want a bunch of pictures. He can call me if desired about     the issue of this particular repair.  Then advertise it as is but     show the estimates to make it flyable again.

         One thing I would do while waiting is treat the engine for long     term storage.

         Good luck.

     

     On 08/25/2010 2:11 PM, jaybannist(at)cs.com (jaybannist(at)cs.com) wrote:     [quote]                                                                                                                                  I need your help.

                               

                               My airplane, N2630J, "Lil Bruiser", a                               Zodiac 601XL with a William Wynne Corvair                               engine, was a certified (E-AB), well                               mannered, flying airplane.  In an                               off-airport landing, it struck a berm,                               bending t the nose gear strut, firewall,                               cabin floor and cowling.  The prop was                               stopped in the horizontal position, so the                               prop nor engine suffered damage.  It is                               now hangared at Hicks Airfield near Fort                               Worth, Texas.

                               

                             Because                                     of my physical condition, I am no                                     longer able to fly, so I know                               that I will never fly this airplane.                                 Consequently, as you might guess, I have                               no motivation to repair it myself; and                               would like to sell it to someone who will                               fly it..

                               

                             I have invested around                                 $50,000 in the airplane and I am willing                                 to sell it for $20,000. It                                             will require about $3,000 in                                             parts to repair. So                             for                               around $23,000 (less than the cost of a                               650 kit and an engine) and around 300                               hours of work, a person could have one                               sweet $50,000 airplane in a relatively                               short period of time.  

                               

                               I have the XLB upgrade kit, still in the                               shipping containers that will be furnished                               to a buyer.

                               

                               My questions are:  

                               

                               Is trying to sell the airplane as is,                               where is, reasonable?

                               

                               If so, how is the best way to go about                               finding a buyer?

                               

                               If not, should I consider selling parts,                               or just sell the whole thing to the                               salvage yard?

                               

                               Thanks for your help in advance,

                               

                               Jay Bannister

                               

                               

                                                        

                            

                           

                                              

                                        

                              

                        

                 	  Quote: 	
		  

	
     -- 

Mark Hubelbank

NorthEast Monitoring

2 Clock Tower Place

Suite 555

Maynard, MA, 01754 - USA

mhubel(at)nemon.com (mhubel(at)nemon.com)

978-443-3955[b]

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_________________
Mark Hubelbank
N708HU
CH601XL
Jabiru 3300
Rotec TBI 40-3 carb
Sensenich ground adj prop.
240 hr TAF
Pictures at photo.hubbles.com

jeffrey_davidson(at)earth
Guest

Posted: Wed Aug 25, 2010 3:24 pm Post subject: Help !

Jay,  

      Here is something to think about.  Assuming that you have the Repairman Certificate for this plane, it would be much cheaper for the next owner if you repaired the plane and signed it off.  Otherwise, the next owner will have to get an A&P involved.  So the A&P is extra cost that reduces the value of your aircraft.  Also, right now is not exactly a sellers market for airplanes.  If you put it back into flying shape, it also will be much more attractive to a buyer and you could charge the market price.  That is very likely to be more than what you are asking now.    

Jeff D    

         

  

From: owner-zenith601-list-server(at)matronics.com [mailto:owner-zenith601-list-server(at)matronics.com] On Behalf Of jaybannist(at)cs.com

 Sent: Wednesday, August 25, 2010 2:12 PM

 To: zenith-list(at)matronics.com; zenith601-list(at)matronics.com; corvaircraft(at)mylist.net

 Subject: Help !  

  

             

I need your help.

 

 My airplane, N2630J, "Lil Bruiser", a Zodiac 601XL with a William Wynne Corvair engine, was a certified (E-AB), well mannered, flying airplane.  In an off-airport landing, it struck a berm, bending t the nose gear strut, firewall, cabin floor and cowling.  The prop was stopped in the horizontal position, so the prop nor engine suffered damage.  It is now hangared at Hicks Airfield near Fort   Worth, Texas.

 

 Because of my physical condition, I am no longer able to fly, so I know that I will never fly this airplane.   Consequently, as you might guess, I have no motivation to repair it myself; and would like to sell it to someone who will fly it.. do not archive

 

 I have invested around $50,000 in the airplane and I am willing to sell it for $20,000. It will require about $3,000 in parts to repair. So for around $23,000 (less than the cost of a 650 kit and an engine) and around 300 hours of work, a person could have one sweet $50,000 airplane in a relatively short period of time.  

 

 I have the XLB upgrade kit, still in the shipping containers that will be furnished to a buyer.

 

 My questions are:  

 

 Is trying to sell the airplane as is, where is, reasonable?

 

 If so, how is the best way to go about finding a buyer?

 

 If not, should I consider selling parts, or just sell the whole thing to the salvage yard?

 

 Thanks for your help in advance,

 

 Jay Bannister

 

   

    

   

  

  

  

  

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       [quote][b]

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larry(at)macsmachine.com
Guest

Posted: Wed Aug 25, 2010 4:49 pm Post subject: Help !

Jay,

I think you'd be wise to advertise it at some of the free sites, your 

nearest EAA Chapter newsletter and try to sell it as a rebuild. I don't 

think it would take too long for

someone to realize the value of your aircraft. It sounds like a good 

deal to me, so someone will probably jump in and buy it. Give it a few 

weeks.



Best regards,

Larry McFarland  601HDS at www.macsmachine.com



jaybannist(at)cs.com wrote:

 	  Quote: 	
		   I need your help.



 My airplane, N2630J, "Lil Bruiser", a Zodiac 601XL with a William 

 Wynne Corvair engine, was a certified (E-AB), well mannered, flying 

 airplane.  In an off-airport landing, it struck a berm, bending t the 

 nose gear strut, firewall, cabin floor and cowling.  The prop was 

 stopped in the horizontal position, so the prop nor engine suffered 

 damage.  It is now hangared at Hicks Airfield near Fort Worth, Texas.



 Because of my physical condition, I am no longer able to fly, so I 

 know that I will never fly this airplane.   Consequently, as you might 

 guess, I have no motivation to repair it myself; and would like to 

 sell it to someone who will fly it..



 I have invested around $50,000 in the airplane and I am willing to 

 sell it for $20,000. It will require about $3,000 in parts to repair. 

 So for around $23,000 (less than the cost of a 650 kit and an engine) 

 and around 300 hours of work, a person could have one sweet $50,000 

 airplane in a relatively short period of time. 



 I have the XLB upgrade kit, still in the shipping containers that will 

 be furnished to a buyer.



 My questions are: 



 Is trying to sell the airplane as is, where is, reasonable?



 If so, how is the best way to go about finding a buyer?



 If not, should I consider selling parts, or just sell the whole thing 

 to the salvage yard?



 Thanks for your help in advance,



 Jay Bannister



 *

 *

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bryanmmartin

Joined: 10 Jan 2006
Posts: 1018

Posted: Wed Aug 25, 2010 5:03 pm Post subject: Help !

Anybody can make the repairs to this airplane, the repairman certificate is only required to sign off the annual condition inspection. In this case, the new owner could do all of the repairs and Jay might offer to inspect the work and sign it off as part of the deal.



On Aug 25, 2010, at 7:23 PM, Jeff wrote:



 	  Quote: 	
		   Jay,

       Here is something to think about.  Assuming that you have the Repairman Certificate for this plane, it would be much cheaper for the next owner if you repaired the plane and signed it off.  Otherwise, the next owner will have to get an A&P involved.  So the A&P is extra cost that reduces the value of your aircraft.  Also, right now is not exactly a sellers market for airplanes.  If you put it back into flying shape, it also will be much more attractive to a buyer and you could charge the market price.  That is very likely to be more than what you are asking now. 

 Jeff D  


	


-- 

Bryan Martin

N61BM, CH 601 XL,

RAM Subaru, Stratus re-drive.

do not archive.

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_________________
--
Bryan Martin
N61BM, CH 601 XL, Stratus Subaru.
do not archive.

jaybannist(at)cs.com
Guest

Posted: Wed Aug 25, 2010 5:35 pm Post subject: Help !

Bryan,

 

 You are correct.  If my airplane were repaired by a new owner, there would be no need to involve an A&P.  I do have a Repairman's Certificate and would offer to do a condition inspection after the repairs are completed. The original operating limitations would still apply, except for the Phase 1 test area, which would come from the local FSDO.  .

  

     

 Jay

  

    

     

  

     

  

    --

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jeffrey_davidson(at)earth
Guest

Posted: Wed Aug 25, 2010 6:28 pm Post subject: Help !

That is certainly correct Bryan.  I just don't think that I would want to do

that, but Jay might.

Jeff



--

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