Tomorrow, I'm going to be heading out to look at a nice little airplane I found on Barnstormers.com.
It's an experimental, a Zenith 601 HD. Not to be confused with the XL, which I understand , is having a small problem with the wings staying on.
Good price, but I find myself wondering about the investment I'm making. I've taken out a loan to do this...I'm not worrying about wether I can pay for it, but instead, I'm wondering if I can get my money back on it.
Not that I want to sell it. already ,before I've even bought the darned thing. But, what if I had to. Will I still owe more than it's worth?
The plane seems equipped nicely. It's beem modified to use a taliwheel which really gives it a nice, fighter plane type of look. And it only has 157 hours on the airframe and engine. Only 19,000. Sounds great.
But, do experimental aircraft hold their value? If I'm worrying about losing money, would I be better off looking at a nice tailwheel Colt I see for 17,000? It's a classic, so may increase in value over time, it seems. Back in 1995 I bought myself a 1946 Ercoupe for 12 grand. Now I see the same planes going for twice that!
In the end, I know my emotions will decide for me instead of my head. If I fall in love with this thing tomorrow, all concerns about investment value will go out the window, I know.
What has been the experience of the community, here. Have you lost money on your homebuilts, or made a couple of bucks. Breaking even will be fine with me. If you have an airplane for a few years and sell it it for what you bought it, well, you're ahead of the game. You had a whole lot of fun for free! Well, almost free...