27 Jun 2025, 19:54 [ UTC - 5; DST ]
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 13 Apr 2025, 09:32 |
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Joined: 05/23/13 Posts: 8072 Post Likes: +10424 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: Mike,
One day… when I’m not out of patience… I’ll try again, to explain the difference between Op Cost and Acquisition Cost.
I am curious… what year is the car you drive? He does have a point about capital cost Chip. It IS a real expense that has to be accounted for. (Or not if you just want to pretend like me  ).
Everyone has a decision making paradigm, mine personally is value. I’m a value buyer. Mike is a low cost buyer.
I have learned that in aviation the lowest cost is seldom the best value. That is because of the budget restraints of the buyers in each market.
What I mean by this is if you want to buy a King Air, and you have a $1M budget, it is a lot harder to buy one in that budget than say a $2.5M budget, because there’s a lot more buyers in the lower bracket.
As a buyer’s rep, I obviously prefer the $2.5M segment of the market because I can typically make a better buy for our client.
In jets this gets exponentially more true!
One of the first things I do is determine what is at the top of each client’s decision making pyramid, what is MOST important to them.
If it is lowest possible acquisition cost for the capability of the airplane we go with that. We have done a lot of Citation V acquisitions over the years and the capability for cost is often the driver.
The majority of jet buyers are not low cost or value buyers, sure everyone wants to pay the lowest price and everyone wants the best deal, but their main desire is usually something else.
You only know what’s important to an individual if you ask… and LISTEN. My issue with guys like Mike is they don’t listen, they just go on and on about what they bought and why and imply that everyone else is stupid for having different priorities.
One major driving factor that men don’t like to talk about is the fact that there is often another decision maker in this purchase. If your wife is involved and you’re transparent about the age of the aircraft, between a 501 and a Mustang, assuming you can afford either, you’re probably getting a Mustang.
This is what has made Cirrus so successful with both the SR22 and the SF50, they are a lot more like a new BMW than our beloved Cessnas.
_________________ Winners don’t whine.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 13 Apr 2025, 09:38 |
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Joined: 05/23/13 Posts: 8072 Post Likes: +10424 Company: Jet Acquisitions Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: All this talk about money this, money that. Ive NEVER done anything out of the sake of money. Never. Then why aren't you flying around in a BBJ with a staff of 15 to take care of it? For the rest of us where money actually matters, if you are frugal, you can be flying an airplane one class higher than otherwise. That means jet when you have turboprop money, for example. Mike C.
Because like most jet owners, there is a toy component. Yes, it’s a tool… but it is also a toy, a prized possession. We want the nicest toy we can afford.
Doesn’t mean there aren’t budget constraints, just means the airplane in Jan’s world consumes more of his disposable income than it does in your world.
_________________ Winners don’t whine.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 13 Apr 2025, 10:57 |
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Joined: 12/20/15 Posts: 212 Post Likes: +118 Location: AZ
Aircraft: C501
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I think Mike is just trying to say that you can accomplish the same mission with a less expensive plane. Even if money was no object there are still reasons to go with the older plane. When it comes to downtime, serviceability, flexibility etc… There are plenty of CJ owners that are sitting on their thumbs for months and spending an arm and a leg right now with the window corrosion debacle. It isn’t all about paint and big shiny screens (both of which can be had on an older plane). In 10 years some of the older planes will have some sweet retrofit contraption that garmin comes out with that will make the G1000 that is integrated into the Mustang into an antique. It’s tough to be tied to Textron/Williams/Pratt for all maintenance. Cirrus can sell stripes to a zebra…I wish other manufacturers could take some pro tips from them. The vision jet crowd has to wait crazy amounts of time for service center maintenance and a lot of them are AOG waiting for inspections. I share a hangar with a guy who has a brand new 2025 Cirrus. It is cool and it smells nice but he looked like a ghost when I told him how much I am into my disposajet for…a plane that is more capable under every metric. I also have a friend with a Mustang..he would switch if it would fit in his hangar. We all have our reasons.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 13 Apr 2025, 12:36 |
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Joined: 04/02/16 Posts: 577 Post Likes: +458
Aircraft: D55, C172
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Username Protected wrote: All this talk about money this, money that. Ive NEVER done anything out of the sake of money. Never. Then why aren't you flying around in a BBJ with a staff of 15 to take care of it? For the rest of us where money actually matters, if you are frugal, you can be flying an airplane one class higher than otherwise. That means jet when you have turboprop money, for example. Mike C.
Simple Mike. Right now Im broke as a stone; and i like it that way; and the mission hasn’t come in yet. And when I have money again I’ll subsequently roll it all agin anyway. But its highly likely multiple jet aircraft will be involved. You see Mike, love of money just effes up the thinking process. And the thinking process ( somewhat shared in the book: “The Secret”) is always about people taking care of people or parts of their creation. Never ever about a flight to Vegas or Alaska. But as always Mike YMMV
PS But it would be interesting to know how much time and money you’ve wasted on useless meaningless entertainment flights. We all do it.
Anyone count the number of jets at Augusta this weekend?
_________________ Embrace The Suck
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 00:21 |
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Joined: 12/05/09 Posts: 1165 Post Likes: +386 Location: Chicago
Aircraft: Mustang
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Username Protected wrote: Getting back to the Mustang…. I am getting the itch to make a big jump. That big jump for me would be from a SR22 that I have flown for about 700 hours. No multi engine time and no turbine time. My mission is 4 or five people 600 miles to the Bahamas (KILM to MYEH )and once or twice a year from KILM to KTEX. Very little business flights. I started out demoing a M600 which I liked. I was told that I really wanted a TBM 850 because it’s faster. Now, I ran into a friend this week who has had a Mustang and he told me to look at one of them. I’d pay cash for the plane and would like to be sub 2.5 mil. My yearly budget would be 200k ish for 100 - 125 hours per year. I think the insurance will be stupid the first year on either and may take me out. I like the idea of an engine program because of my budget and I like the idea of being over most of the weather. I like the idea and challenge of being type rated. Would it be worthwhile to pursue the Mustang? Would the Mustang DOC be way more than the TBM? I know it’s a lot more than the Piper. My friend and this thread has really got me wondering. Richard, Your mission really hits the sweet spot for the Mustang. I partnered with another pilot and bought one last year. Here are a few thoughts: Your pathway is actually pretty common for Mustang pilots. In fact, a disproportionate number owned and flew either SR22s or TBMs, and moved to the Mustang. Insurance cost and mentor requirements will be stiff the first year, without any prior multi or turbine time, but should level out afterwards. My partner, in fact, flew about 600 hours in a Cirrus before he bought another Mustang about 10 years ago. (I came up through the more traditional Bonanza - Baron - King Air route.) The size, to me, still feels a bit small. Our trips are usually me, my wife, and 3 kids. They're school-age and thin, so we can generally load up with light luggage and full fuel, and stay under gross weight. And we can load a week's worth of clothing, drinks, groceries, and two sets of golf clubs, and be on our way. If you fly with big adults, there will be some compromises in terms of space and fuel load. Also, I'm biased about size, because I came from a King Air B200. That plane was bigger than we needed. I could put stuff into it that wouldn't fit in my Yukon XL at the airport. Turbine engines are so much smoother than piston engines, and this really has an impact on your fatigue level at the end of the flight. It's hard to describe the importance of this. With the Baron, I could fly about 2 legs of 3 hours each, per day. I was done after that. In the King Air, we flew a number of trips that were around 5 hours (coming home nonstop from Phoenix, Reno, SLC, etc.) and I felt great. The Mustang is even smoother and quieter. After a year of ownership, I realized I can take my headset off in flight and just put the speaker on. According to the DecibelX app, the cockpit sound level in cruise is about 74 dB, about the same as the inside of a small car on the highway. We can speak without raising our voices. The cockpit is as comfortable as any plane I've flown. As far as the cost comparisons go, pay really close attention to what people write. The Mustang costs are based on paying for engine programs, and completing the HSI and overhaul when prescribed. These programs are offered by Pratt and Textron. Whatever the plane comes with is what you get. The previously paid program price is baked into the sale price of the jet. In effect, you're buying it with zero-time engines, but to retain that value you have to keep paying at the hourly rate. This is going up well faster than inflation, and is a common complaint among owners right now. If you buy a legacy jet and fly past TBO off programs, it's less expensive, at least per hour. You should also look at the hourly and block fuel burn. The Mustang comes out way less than a 560, but it's a good deal smaller. If you buy a turboprop, the engine overhauls are advisory, not mandatory, and many people do not include these in the hourly operating cost. Compared with my prior planes, the maintenance costs are closer to the Baron than the King Air, which was considerably higher than the Mustang. The windshields are a big ticket item. One failed the prebuy inspection, and I think the replacement was $70k. Deicing boots can add up too, and the nose gear shimmy damper seems to last about 12 years. It's worth considering ProParts, at least for the first 3-year cycle. Being a younger fleet, the Mustangs generally have less history and other stories in the logbooks than do 30-45 year old legacy jets. It also has a fraction of the number of parts in a 525, which helps. And the cockpit design is modern. The King Air had about 3x the number of switches. Bottom line, Chip's title for the thread is spot on. It's not the right plane for everyone, but it's fit our mission perfectly, and you may well find the same. Feel free to PM me if you want to talk. You should also join CJP, which has a lot of additional information, and a number of people who can offer insights. -Alex
_________________ This disclaimer contains no legally binding information, and serves no particular purpose.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 09:06 |
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Joined: 04/02/16 Posts: 577 Post Likes: +458
Aircraft: D55, C172
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I think one thing people ignore or forget is the is my perception that older planes have a higher risk of catastrophic failure: we had our own BT go down in a V; trim failure as i recall; my D55 had a potential fuel line catastrophe, saved only by a BT alert to the issue. We just had a 310 with probable rudder trim failure go down in south florida. Maybe Im wrong, but thats a perception I have built. YMMV
_________________ Embrace The Suck
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 14:15 |
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Joined: 11/06/20 Posts: 1640 Post Likes: +1700 Location: Tulsa, OK - KRVS
Aircraft: C501SP
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Username Protected wrote: I think one thing people ignore or forget is the is my perception that older planes have a higher risk of catastrophic failure: we had our own BT go down in a V; trim failure as i recall; my D55 had a potential fuel line catastrophe, saved only by a BT alert to the issue. We just had a 310 with probable rudder trim failure go down in south florida. Maybe Im wrong, but thats a perception I have built. YMMV I'm talking my book here but I do not believe that a well-maintained old plane is any less safe than a well-maintained new plane. The good news about older planes is that we have learned the weaknesses over time and can watch for them. Newer planes potentially bring new failure modes (although I think Citations, KAs, TBMs, Meridians, etc mitigate some of this by keeping a lot of commonality through the series). Also, I cannot stress enough the availability of yellow tag parts for older planes vs newer. When a part breaks on my plane, I call Tarver and he sells me one for a fraction of Textron's cost. Over 4 years it's only been a few things: flap (shop damaged it with a jack), strobe bulb, oil temp gauge (those mechanical tape-based engine gauges are a weak spot), and an AoA gauge.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 14:38 |
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Joined: 10/07/10 Posts: 955 Post Likes: +1184
Aircraft: Pitts S-2B
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Username Protected wrote: One major driving factor that men don’t like to talk about is the fact that there is often another decision maker in this purchase. If your wife is involved and you’re transparent about the age of the aircraft, between a 501 and a Mustang, assuming you can afford either, you’re probably getting a Mustang. For a laugh I searched Beechtalk for mentions of "SWMBO" and got 3,198 matches, so at least some of us like to talk about it. I think Mike's point is reasonable here. With the appropriate combination of grind and luck I might make it to a 501 budget a few years from now but there's no way I'd be cross-shopping with a Mustang. I literally can't "afford either". If I sit SWMBO [3,199!] in a 501 (with a nice interior) and other airplanes in the same TCO bracket I don't think it would even be a conversation. I know there are a lot of people that want the new airplane smell, turnkey service, leather with contrasting stitching that matches the Bentley and carbon fiber sill plates that match the GT3, and I'm happy for them because it means used jets for the rest of us. I just want to go as fast as I can afford. BT has opened my eyes to the fact that turbines aren't quite as far out of reach as I assumed.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 16:29 |
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Joined: 05/15/22 Posts: 21 Post Likes: +1
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Alright so slightly new scenario. an earlier serial # low time Mustang, or a Vision Jet?
Personally other than some jet concierge mx offerings Cirrus has, I do not see the fun in bouncing around in or around wx at FL310. So my choice is Mustang. But I am curious to see what others experiences are.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 20:29 |
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Joined: 01/12/10 Posts: 560 Post Likes: +1025 Location: Dallas, Texas
Aircraft: Piaggio P180, T-6
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Username Protected wrote: Fun to observe this discussion. I just flew over 3,000nm round trip Fri night through Sunday in the Phenom 100. I’ve been flying her around for 25 years now in everything from a Mooney to a CJ2 and I know that my SWMBO is not going back to an old plane nor a turboprop. Props are for boats, etc.
As a pilot, I like my G1000Nxi. As a maintenance provider, I love the reliability of a modern plane. A fuel stop at 3 hours is a price the wife is happy to pay for her Phenom 100. I’m sure she’d like a Mustang too. Either way, I win.
There is no free lunch. Just don’t let her fly in the back of a Piaggio Bruce 
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 21:39 |
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Joined: 08/09/11 Posts: 1966 Post Likes: +2646 Company: Naples Jet Center Location: KAPF KPIA
Aircraft: EMB500 AC95 AEST
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Username Protected wrote: Fun to observe this discussion. I just flew over 3,000nm round trip Fri night through Sunday in the Phenom 100. I’ve been flying her around for 25 years now in everything from a Mooney to a CJ2 and I know that my SWMBO is not going back to an old plane nor a turboprop. Props are for boats, etc.
As a pilot, I like my G1000Nxi. As a maintenance provider, I love the reliability of a modern plane. A fuel stop at 3 hours is a price the wife is happy to pay for her Phenom 100. I’m sure she’d like a Mustang too. Either way, I win.
There is no free lunch. Just don’t let her fly in the back of a Piaggio Bruce 
We operated one of those too Mark. Beautiful plane ahead of its time, and I’m sure the 12 month wait for gear pins has been resolved but I’m trying to get away from orphaned planes supported by bankrupt companies.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 14 Apr 2025, 22:11 |
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Joined: 05/03/14 Posts: 48 Post Likes: +55
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Speaking of toys Chip…AI is great.
Please login or Register for a free account via the link in the red bar above to download files.
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 15 Apr 2025, 08:38 |
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Joined: 08/15/11 Posts: 2579 Post Likes: +1181 Location: Mandan, ND
Aircraft: V35
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Username Protected wrote: Alright so slightly new scenario. an earlier serial # low time Mustang, or a Vision Jet?
Personally other than some jet concierge mx offerings Cirrus has, I do not see the fun in bouncing around in or around wx at FL310. So my choice is Mustang. But I am curious to see what others experiences are. This is KA200 territory (FL310) which I have a good amount of time in. I personally would not be put off by the ceiling of a SF50 if I could afford one. Yes, getting above weather is great, but in the 200 I only wished for higher once or twice. In thunderstorm season I found it easy to circumnavigate them at FL310 and below. Now fuel burn is a different question (altitude in 510 v 560)…
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Post subject: Re: If the Mustang does your mission, it's darn near perfect Posted: 15 Apr 2025, 15:24 |
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Joined: 11/15/17 Posts: 1117 Post Likes: +580 Company: Cessna (retired)
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Username Protected wrote: Fun to observe this discussion. I just flew over 3,000nm round trip Fri night through Sunday in the Phenom 100. I’ve been flying her around for 25 years now in everything from a Mooney to a CJ2 and I know that my SWMBO is not going back to an old plane nor a turboprop. Props are for boats, etc.
As a pilot, I like my G1000Nxi. As a maintenance provider, I love the reliability of a modern plane. A fuel stop at 3 hours is a price the wife is happy to pay for her Phenom 100. I’m sure she’d like a Mustang too. Either way, I win.
There is no free lunch. TANSTAAFL stands for "There Ain't No Such Thing As A Free Lunch." I first saw it in a Robert Heinlein book.
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