18.11.2014 Views

April 1993 - American Bonanza Society

April 1993 - American Bonanza Society

April 1993 - American Bonanza Society

SHOW MORE
SHOW LESS

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!