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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 09:22 
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Phenom 100


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 09:45 
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Phenom 100 is nice for short flights but range/payload limited. The EV is much better, but now your pushing 3M


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 12:11 
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Joined: 05/18/15
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Location: Ames, Iowa
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Since this was exactly my situation earlier this year, I thought I'd respond with my first Beech Talk post. I started shopping for my first turbine airplane about a year ago. I came out of a Cessna 421C and really wanted something more reliable, modern with upgraded avionics. I had a budget of around 1.3M initial and $200k annually. I purchased a 2007 Mustang with 930 hours for $1,150,000 in February. I shopped all the comparable airplanes at the time:
- As I mentioned above, wanted something newer than the legacy t-props.
- I'm 6'6", so physically don't fit in the Meridian
- Phenom 100 was well over $1.3M
- Comparable 2008 TBM 850 G-1000 was around 1.9M
- The Eclipse met my budget constraints, but I often fly with 4 or more so it didn't work for me.

We've since put over 200 hours on the Mustang. It has exceeded my expectations in every way. Wonderful reliability, G-1000 avionics, flying above the weather, etc. I have a full full useful load of 839 lbs and can take that load 1000 nm in about 3 hours. Truly amazing capabilities for the price.

Brent


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 12:28 
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Username Protected wrote:
Phenom 100


for 1.3? :scratch:

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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 12:52 
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Joined: 07/11/11
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Location: Woodlands TX
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Username Protected wrote:
Phenom 100


for 1.3? :scratch:

Since this is all for fun (mental masturbation :rofl: ), I guess we should allow ourselves some wiggle room - give or take 5-600K and then some...

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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 13:38 
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Joined: 12/19/11
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Company: Bottom Line Experts
Location: KTOL - Toledo, OH
Aircraft: 2004 SR22 G2
Username Protected wrote:
Since this was exactly my situation earlier this year, I thought I'd respond with my first Beech Talk post. I started shopping for my first turbine airplane about a year ago. I came out of a Cessna 421C and really wanted something more reliable, modern with upgraded avionics. I had a budget of around 1.3M initial and $200k annually. I purchased a 2007 Mustang with 930 hours for $1,150,000 in February. I shopped all the comparable airplanes at the time:
- As I mentioned above, wanted something newer than the legacy t-props.
- I'm 6'6", so physically don't fit in the Meridian
- Phenom 100 was well over $1.3M
- Comparable 2008 TBM 850 G-1000 was around 1.9M
- The Eclipse met my budget constraints, but I often fly with 4 or more so it didn't work for me.

We've since put over 200 hours on the Mustang. It has exceeded my expectations in every way. Wonderful reliability, G-1000 avionics, flying above the weather, etc. I have a full full useful load of 839 lbs and can take that load 1000 nm in about 3 hours. Truly amazing capabilities for the price.

Brent


Nice feedback Brent. How close did you come to hitting your $200K annual budget for those 200 hours? Does that $200K budget include financing for the purchase or just direct / fixed costs outside of capital? Which program(s) are you on if any? Can you describe the transition training and mentoring you did?

My guess would be that year 1 initial costs are much higher than you'll experience in year 2.

_________________
Don Coburn
Corporate Expense Reduction Specialist
2004 SR22 G2


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 13:45 
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Joined: 05/23/13
Posts: 8652
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Username Protected wrote:
Since this was exactly my situation earlier this year, I thought I'd respond with my first Beech Talk post. I started shopping for my first turbine airplane about a year ago. I came out of a Cessna 421C and really wanted something more reliable, modern with upgraded avionics. I had a budget of around 1.3M initial and $200k annually. I purchased a 2007 Mustang with 930 hours for $1,150,000 in February. I shopped all the comparable airplanes at the time:
- As I mentioned above, wanted something newer than the legacy t-props.
- I'm 6'6", so physically don't fit in the Meridian
- Phenom 100 was well over $1.3M
- Comparable 2008 TBM 850 G-1000 was around 1.9M
- The Eclipse met my budget constraints, but I often fly with 4 or more so it didn't work for me.

We've since put over 200 hours on the Mustang. It has exceeded my expectations in every way. Wonderful reliability, G-1000 avionics, flying above the weather, etc. I have a full full useful load of 839 lbs and can take that load 1000 nm in about 3 hours. Truly amazing capabilities for the price.

Brent


Brent,

You are the norm right now, at least in my world. Most of my clients are in situations very similar to yours, with the same budget.

It is impacting the King Air market a great deal, we recently closed a King Air 300 client with a $1.3 budget, we are closing a Blackhawk C90B on Monday, same budget... with a tad of stretch... and we have been looking for a decent B200 for $1.3m with no luck!!

Our most recent King Air 300 buyer, gave up on finding the right King Air and just contracted on a CJ1, again we stretched a bit... his budget was $1.3m

So that was the reason for my post. You have a LOT of options at a $2m price point, including Phenom 100's, Premier I / IA, PC12's, and TBM 850's... Low $1's is hard and getting harder!

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Recent acquisitions - 2021 TBM 910 - 2013 Citation Mustang - 2022 Citation M2Gen2


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 13:47 
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Joined: 08/09/11
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Company: Naples Jet Center
Location: KAPF KPIA
Aircraft: EMB500 AC95 AEST
Username Protected wrote:
Phenom 100 is nice for short flights but range/payload limited. The EV is much better, but now your pushing 3M


Compared to a CJ? Like some of the CJ line, KA200, etc, the later mode versions get so much heavier that they do no better even with gross weight increases. Earlier Phenoms are 7,000 lb planes vs almost 7,500 for a loaded up EV.

Your CJ is looking good btw


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 13:55 
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Joined: 05/23/13
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Range is absolutely the easiest shortcoming to deal with!

800 mile range? NO PROBLEM! With one stop you can be anywhere in the US!

We just calculated a trip from here in Texas in the CJ1, with a fuel stop in Albuquerque it still beats the King Air to Long Beach.

You have the jets with 800 - 1000 mile range... a couple with 1200 honest... and then you start spending money to go 1400 plus.

If your mission is 1300 miles... might as well have a CJ / CJ1 and stop for gas.

_________________
Recent acquisitions - 2021 TBM 910 - 2013 Citation Mustang - 2022 Citation M2Gen2


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 13:56 
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Joined: 06/28/09
Posts: 14436
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Location: Walnut Creek, CA (KCCR)
Aircraft: 1962 Twin Bonanza
Username Protected wrote:
I purchased a 2007 Mustang with 930 hours for $1,150,000 in February.


:clap: That’s a good deal.

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atp/cfii


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 14:00 
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Joined: 05/18/15
Posts: 16
Post Likes: +18
Location: Ames, Iowa
Aircraft: Citation Mustang
Username Protected wrote:
Since this was exactly my situation earlier this year, I thought I'd respond with my first Beech Talk post. I started shopping for my first turbine airplane about a year ago. I came out of a Cessna 421C and really wanted something more reliable, modern with upgraded avionics. I had a budget of around 1.3M initial and $200k annually. I purchased a 2007 Mustang with 930 hours for $1,150,000 in February. I shopped all the comparable airplanes at the time:
- As I mentioned above, wanted something newer than the legacy t-props.
- I'm 6'6", so physically don't fit in the Meridian
- Phenom 100 was well over $1.3M
- Comparable 2008 TBM 850 G-1000 was around 1.9M
- The Eclipse met my budget constraints, but I often fly with 4 or more so it didn't work for me.

We've since put over 200 hours on the Mustang. It has exceeded my expectations in every way. Wonderful reliability, G-1000 avionics, flying above the weather, etc. I have a full full useful load of 839 lbs and can take that load 1000 nm in about 3 hours. Truly amazing capabilities for the price.

Brent


Nice feedback Brent. How close did you come to hitting your $200K annual budget for those 200 hours? Does that $200K budget include financing for the purchase or just direct / fixed costs outside of capital? Which program(s) are you on if any? Can you describe the transition training and mentoring you did?

My guess would be that year 1 initial costs are much higher than you'll experience in year 2.



I'm under the 200k for the year, but only about 9 months into my first year of ownership. Paid cash for the plane, so no financing costs. I'm not on any programs, so just like the t-props I'm deferring the engine costs to the future. Got my type rating in the airplane, insurance required 10 hours of mentor time after type rating. Planning to go to Flight Safety for my recurrent.

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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 14:06 
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Joined: 01/29/08
Posts: 26338
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Location: Walterboro, SC. KRBW
Aircraft: PC12NG
Username Protected wrote:
Phenom 100 is nice for short flights but range/payload limited. The EV is much better, but now your pushing 3M

Posts stating the obvious are always good around here.. :roll:

Mini jets listed for sale on Controller:

Phenom 100 23
Mustang 26
M2 11
CJ1 and CJ2 30+
HondaJet 9

All of the above do about the same thing. I guarantee you can take down a Phenom 100 if you make a list and start working the phones.


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 14:07 
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Joined: 12/19/11
Posts: 3308
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Company: Bottom Line Experts
Location: KTOL - Toledo, OH
Aircraft: 2004 SR22 G2
Username Protected wrote:
Got my type rating in the airplane, insurance required 10 hours of mentor time after type rating.


That's the best part there Brent. 10 hrs of mentor time seems unusually low. Do you have prior jet experience?

_________________
Don Coburn
Corporate Expense Reduction Specialist
2004 SR22 G2


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 14:44 
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Joined: 05/23/13
Posts: 8652
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Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
Username Protected wrote:
I guarantee you can take down a Phenom 100 if you make a list and start working the phones.


You don't mean for $1.3m right?

_________________
Recent acquisitions - 2021 TBM 910 - 2013 Citation Mustang - 2022 Citation M2Gen2


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 Post subject: Re: Best t-prop or jet for $1.3m?
PostPosted: 11 Nov 2017, 14:45 
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Joined: 01/29/08
Posts: 26338
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Location: Walterboro, SC. KRBW
Aircraft: PC12NG
Username Protected wrote:
I guarantee you can take down a Phenom 100 if you make a list and start working the phones.


You don't mean for $1.3m right?


I mean $1.3MM

You tell me what you see them trading hands for...... Or are they trading at all? There sure are a lot of them for sale.

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