Across the pond, the AOPA Pilot Blog is reporting an upside to the economic doldrums – depressed prices for most new and used airplanes. Some of the deals mentioned include:
A 2005 Cessna 172S with 1,900 hours that in a normal economy would have between $155,000 and $162,000 is on the market for $135,000. The aircraft is equipped with the Garmin G1000 avionics suite.
A 142-hour total-time Cessna Skylane that in a normal economy sells for $305,000 instead costs $269,500.
A used Cessna Citation CJ3 that in a normal economy would cost $7 million is going for $5.5 million
A CJ2 that in a normal economy would cost $5.5 million is priced instead at $3.5 million.
A used older straight CJ that last year sold for $2 million is available for $1.5 to $1.7 million.
Obviously now is the best time in decades to buy a new or used aircraft and some of these deals are attracting buyers while others are not or are just attracting “tire kickers.”