jaybannist(at)cs.com
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 Posted: Wed Aug 25, 2010 10:16 am Post subject: Help ! |
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I need your help.
My airplane, N2630J, "Lil Bruiser", a Zodiac 601XL with a William Wynne Corvair engine, was a certified (E-AB), well mannered, flying airplane. In an off-airport landing, it struck a berm, bending t the nose gear strut, firewall, cabin floor and cowling. The prop was stopped in the horizontal position, so the prop nor engine suffered damage. It is now hangared at Hicks Airfield near Fort Worth, Texas.
Because of my physical condition, I am no longer able to fly, so I know that I will never fly this airplane. Consequently, as you might guess, I have no motivation to repair it myself; and would like to sell it to someone who will fly it.
I have invested around $50,000 in the airplane and I am willing to sell it for $20,000. It will require about $3,000 in parts to repair. So for around $23,000 (less than the cost of a 650 kit and an engine) and around 300 hours of work, a person could have one sweet $50,000 airplane in a relatively short period of time.
I have the XLB upgrade kit, still in the shipping containers that will be furnished to a buyer.
My questions are:
Is trying to sell the airplane as is, where is, reasonable?
If so, how is the best way to go about finding a buyer?
If not, should I consider selling parts, or just sell the whole thing to the salvage yard?
Thanks for your help in advance,
Jay Bannister
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