How much 182 does $50k buy you these days? Any recent experience?

Can that touch something mid-time with a garmin 430 or no?

Early to mid 60s, engine at 1200-1300 hours, paint and interior at a 4 out of 10, basic avionics (probably not anything beyond a pair of KX155s and an ADF). That assumes no unrepaired damage to the firewall. That's not from recent experience, but more from looking at the ads and marking them down to realistic sales prices.

Cary

I agree with what Cary posted.

With the addition of another 10k, you jump into lower time airframes and engines. Money well spent in my opinion if you can cover it. You probably wont get the 430 in that range though.

Keep your eyes open, there are some gems to be found but you have to act fast. When I bought my 75 182P five years ago it had 1600TT and 100SMOH, great paint and interior and the radios were ok, not great, but a solid IFR platform. I was out 62k + tax. If I had hesitated at all it wouldn't have been mine. I made money when I let it go, enough to pay for my 180.

Good luck in the search.

Rich

Our 182 is still for sale....

No 430 but approach GPS equipped.

www.N91484.com

In our family for 25 years or so....

What is your opinion on pricing for a:
1962 C-182E, 1250 SMOH, 5000 TTAF, o-520, 6 interior, 7 exterior, garmin 430 non-was, stech 20 AP?

They are asking $75k or so. I don't have bluebook access but the finance person from AOPA is saying it won't appraise past 60k no matter how he runs it. Basically it's $48k for the plane, +6k for the o-520, and +3k for the non-waas 430, 2k for the AP, and the rest is from some minor stuff.

Thoughts?

idair wrote:What is your opinion on pricing for a:
1962 C-182E, 1250 SMOH, 5000 TTAF, o-520, 6 interior, 7 exterior, garmin 430 non-was, stech 20 AP?

They are asking $75k or so. I don't have bluebook access but the finance person from AOPA is saying it won't appraise past 60k no matter how he runs it. Basically it's $48k for the plane, +6k for the o-520, and +3k for the non-waas 430, 2k for the AP, and the rest is from some minor stuff.

Thoughts?

I've been booking 182s lately and would say that 60K is probably the high end.

akaviator wrote:

idair wrote:What is your opinion on pricing for a:
1962 C-182E, 1250 SMOH, 5000 TTAF, o-520, 6 interior, 7 exterior, garmin 430 non-was, stech 20 AP?

They are asking $75k or so. I don't have bluebook access but the finance person from AOPA is saying it won't appraise past 60k no matter how he runs it. Basically it's $48k for the plane, +6k for the o-520, and +3k for the non-waas 430, 2k for the AP, and the rest is from some minor stuff.

Thoughts?

I've been booking 182s lately and would say that 60K is probably the high end.

Agreed.

idair, keep in mind the non-waas 430 doesn't help with ADS-B out so I wouldn't give it much value beyond a new iPad and ForeFlight or Garmin Pilot subscription. Even less when you look at the cost of updates for the 430.

My .02 worth.

Rich

For a datapoint, what do you think this guy is worth?

http://www.lvaircraft.com/cgi-bin/waa1g ... 000000CGPL

Avionics are a wreck, damage history from the 70s, some corrosion around the battery area in log 4, it seems heavy, but what are your thoughts on this one?

Ideally something would come along with a o-520, 430W, autopilot with GPSS and I'd be happy as a clam. Not going to get it

I'd go 60-65 on that

This one doesn't look bad and it's local. It might be a winner, although it's only an o-470. He's asking $50k or best offer.

What do you think is its realistic valuation?

http://boise.craigslist.org/rvs/5405800561.html

I have yet to buy my first airplane, but I have been watching the 182 market for about a year now.

I've come to understand that there is a significant disconnect between AOPA valuations and asking price but I still don't have a good sense of how to interpolate between the two.

That said, I've see a thousand 182 sales photos and this plane looks to be in very good shape. Clearly it has been hangared. Low time airframe and engine. Nice clean panel.

I will guarantee you that you can and will find a nice 182 with a 430 in it, and a 500-1000 hour engine for $50,000

The airplane market is stupid...people that think they have a 182 thats worth $165K are just out of their minds.

Ive got a 182 that has probably $180K tied up in it, and i bet its worth an honest $85,000


Dont get in a hurry, you will find exactly what you are looking for probably at or around that price


Mike

A 180 can be had for your budget (albeit without any updates in avionics, and high time). Vref valuations in AOPA are FAR more realistic than the asking prices. You should expect to get a very nice 182 with a WAAS enabled 430 and a mid time engine for that money - and you might be underwater. Keep in mind there is no such thing as wholesale and retail market for planes over 40 years old. These are all private party transactions - and plenty of folks on both sides have unrealistic expectations and emotions working against them.

"Askin" ain't sellin'. There's a reason these things don't move.

soyAnarchisto wrote:Keep in mind there is no such thing as wholesale and retail market for planes over 40 years old. These are all private party transactions - and plenty of folks on both sides have unrealistic expectations and emotions working against them.

Ain't that the truth. Few years back I tried to buy one of my great uncle's C182s, he has a '58 and a '59, but he wouldn't sell either one. Neither one has flown much in the past decade or two. He died a couple years ago and now both planes sit in a hangar rotting. I have no doubt if they ever go up for sale the family will want $50k each[emoji849]

albravo wrote:I have yet to buy my first airplane, but I have been watching the 182 market for about a year now.

I've come to understand that there is a significant disconnect between AOPA valuations and asking price but I still don't have a good sense of how to interpolate between the two.

That said, I've see a thousand 182 sales photos and this plane looks to be in very good shape. Clearly it has been hangared. Low time airframe and engine. Nice clean panel.

The one I wanted you to buy sold. It's now my neighbor, couple buddies bought it.

If you find a plane that fits your mission and you can afford it, just buy the damn thing and enjoy. You can always sell it.

You have to make the choice, the planes not going to open your wallet and park itself in your hangar.

I stared at plane ads every day for 5 years before arriving at a decision to build. Spent two years building the sweetest RV-9A on the planet. Flew it for 100 hours and it no longer fit my mission, so I sold it. My wife thought I was crazy, as if I was somehow emotionally wed to this plane, but it was actually quite the opposite. I hated having $100k invested into a plane/hobby that I couldn't involve my family with and I couldn't wait to sell and find a 182.

The neat part is the buyer of my RV keeps in touch and always calls with questions, so I'm still sort of the Godfather of it;).

Now I have a 182, that is cool today and I'll probably pour a ton of money into it. But someday I'll sell it too. As long as I get enough out, to get into my next plane, I'll move on, water under the bridge! Right now I'm thinking that will be an RV-8. Whether I build or Buy is yet to be determined.. But after fueling this O-470..., 200mph at 10gph sounds appealing.

What's cool about my 182 is I keep in touch with the fellow who restored it and sold it to me and keep him apprised of all the upgrades I'm doing, I'll probably fly down to visit him some time soon.

What am I trying to say? Well, perhaps consider a first plane as a stepping stone to an adventure, rather than a once in a lifetime deal. Where will it take you? (Pun intended)

Hoeschen wrote:What am I trying to say? Well, perhaps consider a first plane as a stepping stone to an adventure, rather than a once in a lifetime deal. Where will it take you? (Pun intended)

Very well said.

A1Skinner wrote:

albravo wrote:I have yet to buy my first airplane, but I have been watching the 182 market for about a year now.

I've come to understand that there is a significant disconnect between AOPA valuations and asking price but I still don't have a good sense of how to interpolate between the two.

That said, I've see a thousand 182 sales photos and this plane looks to be in very good shape. Clearly it has been hangared. Low time airframe and engine. Nice clean panel.

The one I wanted you to buy sold. It's now my neighbor, couple buddies bought it.

That sucks. Can't fault him for selling. Ah well. Back to the drawing board.

Putting an absolute value on an airplane is really tough. Market value is what you really want to know, and that's determined by the sellers willingness to sell, and the buyers willingness to buy. If an airplane suits you, and you agree on a price, that's the market value. Also, if it seems like a fair deal to you, it will likely seem like a fair deal to the next buyer when you're ready to sell.

I like the NAAA evaluator tool that's available with the on-line subscription of Trade a Plane. Whether it calculates a price representative of the market or not will always be debatable, as is any tool. What I like specifically though is that it considers all the times, conditions, modifications, and avionics in more detail than Vref or Aircraft Blue Book. I consider it a very precise way to compare a list of airplane's that I might be trying to choose from to obtain best value for the dollar.

Eons ago, I was taught that "value" is the price a willing buyer will pay and a willing seller will accept, neither one being under any compulsion to buy or sell. That's pretty accurate in many cases, but in the aviation market, there are many other variables that can play a significant part. Emotion plays a huge part, and that can appear on both sides of the sale equation. Equipment, especially in the certificated airplane market, is a big consideration. The ratings of the buyer and seller are big considerations.

Some examples:

I have an acquaintance who owns a Malibu with all the bells and whistles, which he can unhesitatingly fly anywhere in most weather. He is the ultimate button pusher who fully understands his incredible avionics stack and knows the capabilities of his airplane as well as anyone I've ever met. To him, that airplane is the minimum he would accept as an owner. But if he were to sell, the likelihood that he would find a buyer with the same needs and wants, or who would accept the limitations of a piston airplane in spite of the fabulous panel, are slim--or at least at the money he'd want for it.

In the middle, I'm instrument rated, current, and proficient. I would not want to own an airplane that I could not fly in mild instrument weather, anywhere in the country. I own a 53 year old but good P172D, which looks nice, has decent interior and paint, and is equipped with a panel sufficient to allow me to do that well into the future (430W, 2nd navcom, ADF, ADS-B Out compliant). But if it were for sale, I would be surprised if even half of the potential buyers would care if it had more than just the navcom. So all the bucks I have put into the panel wouldn't increase the basic airplane's value one dollar, and the nice interior and decent paint wouldn't likely make any difference, either.

On the other end of the spectrum, there are many folks who own really basic airplanes, some with no radios at all, and they're totally satisfied with the limitations that entails. Some of those airplanes, if marketed, would bring as much as mine would, though, because there are niche buyers who want that very basic airplane as long as it's in good condition.

So there may very well be that rare $50K Skylane out there which has everything you want, but for the most part, I'm guessing that there aren't many. Especially if you're wanting more than the O-470, that's unlikely (and that's not a bad thing--the O470 is a good engine). Also, there aren't too many fools like me who will put $30,000 worth of avionics into a half century old airplane of any ilk, so a $50K Skylane having a decent modern panel is pretty unlikely.

Good luck on the search.

Cary