From: Rsense3610@aol.com
Message-ID: <75.c91c16c.274ff005@aol.com>
Date: Fri, 24 Nov 2000 11:23:33 EST
Subject: Resale and Future Liability
To: lancair.list@olsusa.com
Reply-To: lancair.list@olsusa.com
Mime-Version: 1.0

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I have progressed from owning a Mooney to considering the purchase of a 
Lancair.  There are several reasons why I like the idea of Experimental vs 
Production aircraft that each of you have discovered a long time ago.  Some 
of those reasons include the performance, looks, repairmans certificate for 
maintenance and the feel of accomplishment for a major project completed.  
However I have some concerns about a couple items that I would like to here 
some feedback.
1)  Resale as the airplane is flown and ages.  The Mooney that I owned was 
appreciating approximately 10% / year.  I know that we are not spending $$'s 
on airplanes for the value of the investment or we would be investing 
elsewhere, however when we spend as much as we do on the airplane it is 
encouraging that your investment is growing over time.  How do you feel about 
the future resale of the Lancair projects as the airplane ages,specifically 
the 4 place ie... Super ES or LIV?

2)  Following the sale of the plane, when you are wanting to build your next 
project or whatever I have been told that we should consider the purchase of 
insurance to protect you as the builder.  I have had others tell me that 
there plan is to tear the airplane down when they are finished flying and 
sell in the individual components to minimize the risk.  Not that I am a 
major target due to mass accumulation of wealth but even a $5 bill paid to a 
lawyer to fight this hypothetical situation is excessive.
What are your thoughts on this and how are you guys preparing or ignoring 
this risk?
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LML website:   http://www.olsusa.com/Users/Mkaye/maillist.html
LML Builders' Bookstore:   http://www.buildersbooks.com/lancair

Please send your photos and drawings to marvkaye@olsusa.com.
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