Cessna 172 WANTED
- Thread starter mrivc211
- Start date
Cessnaflyer
Wooooooooooooooooooooooooooooooo
Those 172s are so expensive now! I was looking at an older roached out model while waiting for pax and he wasn't going to let go of it for less than $40k.
mrivc211
Well-Known Member
Unfortunately no, I wish. I'm ready to buy 3 airplanes cash in hand so if you find something I can move quick.
mrivc211
Well-Known Member
yeah lol. 3 years ago they were selling for $35-42k, they're averaging $65 now. You can still find some out there for the 50's but its gotta be off market listing.
killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Ok. Any specific reason you prefer an M to an L? Just curious, now.
z987k
Well-Known Member
I can't figure out why either. Why are they suddenly valuable?
killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Flight schools are bursting at the seams with students, and 172s are a known-quantity in the training world. Demand, simply put. The whole point of this thread illustrates that.
z987k
Well-Known Member
I mean at that point why not just go PA28 instead of paying a premium for what in the end is the same thing.
killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Because you don't think like a marketer.
And, for the record, I completely, 100% agree with you. But this is about marketing - specifically, the concept of positioning.
When you say "flight training", most people think of Cessna. It's the reason that, to the non-flying public, all small airplanes are Cessnas. Even though a PA-28-161 is an equally capable (and, in some ways, superior, IMHO) platform as a trainer, the 172 is more highly valued because it simply occupies that position in the mind of the buyer. In this case, the market's two-segmented - flight training candidates and schools alike. It's an enviable position. They're pedigreed here. The brand creates trust.
This is part of the reason that Cirrus defined a new position in the market and it's part of the reason they've been so successful. In a high-dollar market demographic where the buyers are primarily wealthy men, Cirrus figured out how to market to the wives, girlfriends and children by emphasizing all the great things about flying *plus* the parachute. It was a brilliant sales play and it works for them.
trafficinsight
Well-Known Member
Slightly different wing is gonna be my guess, if you're buying for a flight school you'd want all to be the same.
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killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Sure, that's the ideal.
The school where I teach has 4 locations. At our location we've got 12 airplanes, and half are 172s. We have 2 Ls, an R, an S, and 3 SPs - I think that's the count. Some we own, some are leasebacks. One L is going away - owner is pulling it out and doing....something with it. I dunno. I'm not a fan of his airplane. Anyway...
We don't have enough instructors or airplanes. I've been a working CFI (part time) for 3 weeks and I am solidly booked through January. If I open holes in my schedule, they are usually filled in under 4 hours.
We will give strong consideration to any known-good training airplane if we think students will fly it. I would LOVE to bring a pair of PA-28s in to the school, especially since we could get two of them for less than the cost of some of the nicer 172s.
This is like 2006 all over again, except that ATP charges $80K now instead of $39K all in.
And @mrivc211 - sorry to hijack your thread. I'll be quiet now.
trafficinsight
Well-Known Member
ShrugSure, that's the ideal.
The school where I teach has 4 locations. At our location we've got 12 airplanes, and half are 172s. We have 2 Ls, an R, an S, and 3 SPs - I think that's the count. Some we own, some are leasebacks. One L is going away - owner is pulling it out and doing....something with it. I dunno. I'm not a fan of his airplane. Anyway...
We don't have enough instructors or airplanes. I've been a working CFI (part time) for 3 weeks and I am solidly booked through January. If I open holes in my schedule, they are usually filled in under 4 hours.
We will give strong consideration to any known-good training airplane if we think students will fly it. I would LOVE to bring a pair of PA-28s in to the school, especially since we could get two of them for less than the cost of some of the nicer 172s.
This is like 2006 all over again, except that ATP charges $80K now instead of $39K all in.
And @mrivc211 - sorry to hijack your thread. I'll be quiet now.
I'd be fine with it, but I'm just guessing that that's the reasoning
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z987k
Well-Known Member
I sure hope not. In many more ways.
JeppUpdater
Well-Known Member
We sold our well optioned 172 earlier this year...ended up with two flights schools in a bidding war for it. Sold for $12.5k over asking with an inop HSI and annual due in less than 30 days.
z987k
Well-Known Member
That is amazing. I would be liquidating my 172s and finding PA28s.
Cessnaflyer
Wooooooooooooooooooooooooooooooo
I am finding warriors to be equally expensive to purchase.Because you don't think like a marketer.
And, for the record, I completely, 100% agree with you. But this is about marketing - specifically, the concept of positioning.
When you say "flight training", most people think of Cessna. It's the reason that, to the non-flying public, all small airplanes are Cessnas. Even though a PA-28-161 is an equally capable (and, in some ways, superior, IMHO) platform as a trainer, the 172 is more highly valued because it simply occupies that position in the mind of the buyer. In this case, the market's two-segmented - flight training candidates and schools alike. It's an enviable position. They're pedigreed here. The brand creates trust.
This is part of the reason that Cirrus defined a new position in the market and it's part of the reason they've been so successful. In a high-dollar market demographic where the buyers are primarily wealthy men, Cirrus figured out how to market to the wives, girlfriends and children by emphasizing all the great things about flying *plus* the parachute. It was a brilliant sales play and it works for them.
JeppUpdater
Well-Known Member
The market is great for all of them, but it’s absolutely insane for the late 90s models, right after production restarted. Planes are easily pulling up to $30k more than they would have a few years ago...and from a seller’s perspective not only is it great from a straight cash standpoint, but a lot of the avionics are starting to get harder to replace. That was the trigger point for us.
bimmerphile
MCAS Meat Inhibition Logic
That is awesome and crazy, but don't get burnt out!Sure, that's the ideal.
The school where I teach has 4 locations. At our location we've got 12 airplanes, and half are 172s. We have 2 Ls, an R, an S, and 3 SPs - I think that's the count. Some we own, some are leasebacks. One L is going away - owner is pulling it out and doing....something with it. I dunno. I'm not a fan of his airplane. Anyway...
We don't have enough instructors or airplanes. I've been a working CFI (part time) for 3 weeks and I am solidly booked through January. If I open holes in my schedule, they are usually filled in under 4 hours.
We will give strong consideration to any known-good training airplane if we think students will fly it. I would LOVE to bring a pair of PA-28s in to the school, especially since we could get two of them for less than the cost of some of the nicer 172s.
This is like 2006 all over again, except that ATP charges $80K now instead of $39K all in.
And @mrivc211 - sorry to hijack your thread. I'll be quiet now.
killbilly
Vocals, Lyrics, Triangle, Washboard, Kittens
Just an FYI - found a few on barnstormers that sound like what you want. Can’t share URL from there due to formatting but they are there.