| | Joined: Apr 2004 Posts: 175 Member/100+posts | | Member/100+posts Joined: Apr 2004 Posts: 175 | Vref lowballs everything in a big way. Unless you're a buyer.  In my case, I paid just about Vref price for my Cardinal. I would agree with you Poobs, but from other people I have spoken to, the actual "selling price" (compared to "asking price") is close to Vref in many cases. So my figures (I believe) shown above reflects a "selling price". But this is why I originally posted, so I could see what people would actually agree to buy it at (if they wanted to buy it). Kirk, can you tell us at least the percentage difference between the original asking price, vs the actual selling price for your Cardinal? Still waiting for my pseudo bidders to chime in.  | | | | | Joined: Jan 2015 Posts: 5,098 Likes: 22 Member/5000+posts! | | Member/5000+posts! Joined: Jan 2015 Posts: 5,098 Likes: 22 | Still waiting for my pseudo bidders to chime in. I think your $7k number isn't far off... new plastics and carpet is $3k all by itself! The original prop and panel is a drawback... If I was bidding at an auction, I would likely be out between 5 and 6 K. Disassembly and transport... Paint before reassembly, snag a mid time engine... I would think you could end up with a $30k airplane for less than that invested.
150M C-FJBN
| | | | | Joined: Dec 2003 Posts: 14,951 Likes: 678 Member/10,000+ posts! | | Member/10,000+ posts! Joined: Dec 2003 Posts: 14,951 Likes: 678 |
Kirk, can you tell us at least the percentage difference between the original asking price, vs the actual selling price for your Cardinal?
I think it was within 1%. Even with all the problems I had to fix, I would still say I paid a fair price for the airplane. Not a great price, neither overpaid, but a fair, "arms-length" transaction price.
-Kirk Wennerstrom
President, Cessna 150-152 Fly-In Foundation
1976 Cessna Cardinal RG N7556V
Hangar D1, Bridgeport, CT KBDR
| | | | | Joined: Dec 2016 Posts: 1 Member | | Member Joined: Dec 2016 Posts: 1 | I may be interested contact me with your phone number rodmanpgomez@gmail.com am located KJFX ( Jasper Alabama) | | | | | Joined: Apr 2004 Posts: 175 Member/100+posts | | Member/100+posts Joined: Apr 2004 Posts: 175 | I may be interested contact me with your phone number rodmanpgomez@gmail.com am located KJFX ( Jasper Alabama) Just sent now. Thanks!
Jeff Williams
1975 C23 Sundowner
8M1
"Climb like your life depends on it...because it does."
| | | | | Joined: Jul 2004 Posts: 22,650 Likes: 2671 Member/20,000 posts | | Member/20,000 posts Joined: Jul 2004 Posts: 22,650 Likes: 2671 | I may be interested contact me with your phone number rodmanpgomez@gmail.com am located KJFX ( Jasper Alabama) Wow Rodman........this could turn out to be one heck of a first post! Welcome to the club.  Jim
Cessna 150/150, N2259M - Mighty Mouse
| | | | | Joined: Apr 2004 Posts: 175 Member/100+posts | | Member/100+posts Joined: Apr 2004 Posts: 175 | Well, got an agreement from a buyer for my plane. Didn't get the $7K like I wished, but as they say, "You have to let go to move on". I need to move on, this project has taken more time than it should have. Wasn't sure if/when another buyer would step up. One thing for sure, my plane will fly again and will be used to teach many others to fly...so that takes the sting out of the less than asking for price. Bitter sweet memories, thinking of the lyrics to that song from Whitney Houston, I Will Always Love you. 
Jeff Williams
1975 C23 Sundowner
8M1
"Climb like your life depends on it...because it does."
| | | | | Joined: Sep 2006 Posts: 8,775 Likes: 301 Member/7500+posts | | Member/7500+posts Joined: Sep 2006 Posts: 8,775 Likes: 301 | Well, I guess you have mixed emotions, Jeff. Kind of a sad and happy day all at once.
Welcome, Rodman, to the best type club around! | | | | | Joined: Apr 2004 Posts: 175 Member/100+posts | | Member/100+posts Joined: Apr 2004 Posts: 175 | Well, I guess you have mixed emotions, Jeff. Kind of a sad and happy day all at once. On the top: it's Relief, middle: Sadness, bottom: Happy. Hopefully Happy will be on top and relief will take both remaining places once I find the suitable 4-place. | | | | | Joined: Sep 2006 Posts: 8,775 Likes: 301 Member/7500+posts | | Member/7500+posts Joined: Sep 2006 Posts: 8,775 Likes: 301 | What four place are you looking for, Jeff? | | |
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