April 1993 - American Bonanza Society
April 1993 - American Bonanza Society
April 1993 - American Bonanza Society
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Replacement value?<br />
Consult d1e Bluebook.<br />
In these d:1YS of increasing values on<br />
aircraft, it is sometimes difficult to<br />
obtain a fairly accurate eva luation<br />
of your aircmft. The Aircraji Bluebook<br />
Price Digest is the most common LOO!<br />
lIsed by the insurance companies for<br />
this evaluation.<br />
The bluebook value is based on the<br />
average retail. YOli then mu:;l take into<br />
consideration the additional equipment,<br />
hours on the engine and condition<br />
of the aircmft.<br />
Let's look at a 1964 <strong>Bonanza</strong> 535.<br />
The averdge retail value in the Spring<br />
<strong>1993</strong> edilion is 544,500. This average<br />
value is based on the aircraft having a<br />
dual nav-com, glideslope, Lrdnsponder,<br />
encoding allimeler, ADF, two axis, big<br />
tanks, 725 hours since major overhaul<br />
or new, exceptional interior and paint,<br />
no damage history, a six month annual<br />
INSURANCE<br />
and all AD's campi ied.<br />
Since the lime before overhaul is<br />
1700 hours on the '64 535, the base<br />
avemge would be based on 725 hours<br />
since major overhaul (approximately<br />
42.5%). If the '64 535 has a low lime<br />
engine, add S10 an hour, or if it has a<br />
high time engine, subtract $10 an hour.<br />
Other avemge equipment that adds<br />
lO the avemge relail would be Dl'vIE,<br />
$1,000; lhree axis All', $1,260; RNAV,<br />
$940; u1ree-blade prop, $270; tip tanks;<br />
$810; and oxygen, $650.<br />
AnOlher guide for delemlining the<br />
value of your avionics is to determine<br />
lhe age of the equipment and the new<br />
list price as oUllined below.<br />
Percent of new list price by age of equipment<br />
1 year 7~<br />
2 years 60%<br />
3 years 5~<br />
4 years 400Al<br />
5-9 years 35%<br />
This table gives you an idea of<br />
how the average retail is looked at<br />
through th e eyes of the insurance<br />
companies. When you have ques<br />
[ions regarding the value o f your aircmft,<br />
send an equipment Iisl lO lhe<br />
insurance company for their evaluation<br />
so lhey will know exaclly whal<br />
you have in your aircraft.<br />
I[ is reconlmcnded that you insure<br />
your aircraft as close to replacement<br />
value as possible. Replacement value<br />
is not the amount for which you can<br />
sell your aircraft, which is oftentimes<br />
considembly less.<br />
If you have any questions concerning<br />
the value of your aircraft, please<br />
give us a call. We will give you the<br />
values currenlly in the "bluebook"<br />
and any other information we can<br />
help you with. You can call us ,oll<br />
free, 1-800-835-2677.<br />
Brenda j. Davrdson<br />
Vice President<br />
Rollins Hudig Hall of Kansas, Inc.<br />
HOW TO BUY A USED BIRD<br />
(conlil'lIledjrom page 3206)<br />
which prom pled a closer examination.<br />
That revealed a locked slip joinl in the<br />
righl reDact rod. Il would have lO be removed<br />
and replaoed.<br />
Altogether, the problems that<br />
Elliott's found for me ran in excess of<br />
$2,000 lO repair. The only person T<br />
have to blame for those problems is<br />
myself. If I had been smart enough lO<br />
lake the plane to the righl place, I<br />
would have known whal T was getting<br />
into before [ PUl my fOOL inlo it. [<br />
would have had a beller ide''' of whal<br />
was wrong, instead of a false sense of<br />
security. Worst of all , T missed a<br />
chance to negOliate a more fair price<br />
for the plane.<br />
Aircra ft are complex animals, strung<br />
full of controls and eleclronics. Planes<br />
have been nearly regula led lO the<br />
point of extincti on, and for that reason<br />
many people feel a false sense of<br />
safelY in the purchase of an airplane.<br />
Perhaps i[ is the' frequency of inspections,<br />
or thal the plane gets<br />
looked over al least once per year.<br />
Whatever il is, people buy aircrafl<br />
every day WilhoUl laking a close<br />
look, and worse yet without a good<br />
prepurchase inspection .<br />
Of course, the only lhing worse<br />
than a cheap prepurchase in'>pe:ction is<br />
no inspection. To purchase an aircraft<br />
Sight unseen, much less withoul first<br />
having a Beech proficient mechanic<br />
inspect it, is lo invite disaster. This is<br />
even more true of AmeIican <strong>Bonanza</strong><br />
<strong>Society</strong> members since ABS will attempt<br />
lO put you in touch with a qualified<br />
Becchcraft mechanic upon request.<br />
Such an offer should nol be<br />
passed up'<br />
Do nol repeal my error. Spend the<br />
money and gel a good prepurchase<br />
inspection. The money you save in the<br />
long run will far outweigh the COSl savings<br />
of a bargain inspection.<br />
George Wilhelmsen is a licensed Senior<br />
Reactor Operator with Commonwealth<br />
Edison . !-Ie is a 400 hour instmment<br />
rated pi/at and writes for Plane<br />
and pilol, Flight Training and the ABS<br />
Newsletter.<br />
EVERYTIllNG YOU LEARNED IN TIlE ORIGINAL<br />
COLVIN'S CllNIC. .. PLUS LOTS, LOTS MORE!<br />
It's h ere and available now! Noml Colvin's definitive new revised edition of the<br />
most authoritative le),.'tbook for the care and keeping of <strong>Bonanza</strong>s, Debonairs, Barons<br />
and Tmvel Airs lo be found anywhere al any price! There are 87 changes and additions<br />
lO the original book, including schematics and comparison charts for model<br />
changes up to 1992. It's a library in a book: a must for every ABS member.<br />
$39.95 - pills $3.50 postage and handling<br />
Send check, money order or charge lo VISA and MaslerCard<br />
Mail o r fax order foml on page 3203T.<br />
AMERICAN BONANZA SOCIETY, APRIL <strong>1993</strong> PAGE 3211