Jabiru LSA auction finishing 20th May 2024

[Balaam]

Hi KRvaitr

Pickles Auctions have been engaged 

By the owner of Jabiru

to sell by auction on their  behalf 

As is / where is 

inspections are welcome and encouraged for perspective buyers 

Please direct all enquires to 

Pickles Auctions 

 

 

 

Thank you 

owner 

 

[KRviator]

  On 16/05/2024 at 8:40 AM, Balaam said:

Hi KRvaitr

Pickles Auctions have been engaged 

By the owner of Jabiru

to sell by auction on their  behalf 

As is / where is 

inspections are welcome and encouraged for perspective buyers 

Please direct all enquires to 

Pickles Auctions 

 

 

 

Thank you 

owner 

 

Expand  

No thanks. I've had my fill of dealing with brokers and auctioneers who know less than nothing about the item they're selling and continually stuff me around when I'm trying to drop 6 figures on a light aircraft. Would anyone buy a hundred-grand classic car that had nothing in the ad but cylinder compression and "It's a fully sick V8, maaaaaattte!"

But that doesn't mean we can't discuss the pros and cons of such sales when they come up, if only to try to educate those who don't know what they may be in for.

Case in point, why is the buyer paying GST on this aircraft? Have you registered it in your name as a sole trader or the name of a company? If not, then GST is not applicable - buy the buyer's going to be charged it anyway. Because straight up, that's another 10% on top of the sale price and the 20% Pickles charge! Suddenly it's not so attractive and you'd probably have been better chucking it up on the RAAus classifieds for $10K - because for anything more than that, it's gonna be cheaper and a hell of a lot easier for someone to buy one of currently flyable ones overall.

The other LSA55 that's for sale is listed as $26K fly-away and the ST3 for $24K. Deduct 10% GST and that's $21,818. Deduct 20% for the Pickles thing and you're down to $18,181. Deduct the cost of a new engine, gear leg and wing bolts and you're lucky if you'd be left with just enough for a carton of beer.

Sorry if you don't like that, but that's the reality that I'd see as a potential buyer. If someone doesn't look at purchases like this objectively, then they're left with a money pit that does nothing but leave a sour taste in their mouth and turns them off aviation, which is no good for any of us.

[skippydiesel]

I met the owner & his aircraft maintainer today. Both as honest as the day is long. The maintainer is a genuine & highly respected Jab specialist (not some dodgy LAME who knows FA about this class of aircraft).

The aircrafts history is very well documented and available to a genuine potential buyer for their scrutiny. 

The owners reason for first storing and now regretfully selling his aeroplane, is as stated  - a member of his family is very ill, requiring his undivided attention now & into the future.

The owner & his family are under a great deal of stress. He has had to step away from any personal involvement with the sale of his aircraft, to focus on his family. 

[Litespeed]

Thanks for the info Skippy.

 

I hope his family health improves, it can be a huge burden, I wish him and his family the best.

[spacesailor]

IS

Any of our forum members contemplating having a flutter .

Without a flying certificate,  I really shouldn't put my thoughts into reality. 

It does appeal to me though. 

spacesailor

[FlyBoy1960]

if you go to the listing to have a look they have changed it and now it doesn't start for another 9 days ?

 

https://www.pickles.com.au/general/item/-/details/1995-Jabiru-Model-553J-Light-Sports-Aircraft--TTIS-1398-5/745430/

 

Item Not Yet Available For Sale

Check back soon.

Starts 29/05/2024 02:00PM

[BrendAn]

  On 20/05/2024 at 4:34 AM, FlyBoy1960 said:

if you go to the listing to have a look they have changed it and now it doesn't start for another 9 days ?

 

https://www.pickles.com.au/general/item/-/details/1995-Jabiru-Model-553J-Light-Sports-Aircraft--TTIS-1398-5/745430/

 

Item Not Yet Available For Sale

Check back soon.

Starts 29/05/2024 02:00PM

Expand  

i hope the negative comments on here didn't upset the owner.

[spenaroo]

Whats the story with the attitude indicator,

doesn't look like its parked on a hillside?

(not a potential buyer, just curios if this is common from aircraft sitting and an easy fix)

[KRviator]

  On 20/05/2024 at 5:42 AM, spenaroo said:

Whats the story with the attitude indicator,

doesn't look like its parked on a hillside?

(not a potential buyer, just curios if this is common from aircraft sitting and an easy fix)

Expand  

Toppled as the gyro wound down. Nothing to be too concerned about unless it doesn't erect itself once you have vacuum

  On 20/05/2024 at 4:34 AM, FlyBoy1960 said:

if you go to the listing to have a look they have changed it and now it doesn't start for another 9 days ?

 

https://www.pickles.com.au/general/item/-/details/1995-Jabiru-Model-553J-Light-Sports-Aircraft--TTIS-1398-5/745430/

 

Item Not Yet Available For Sale

Check back soon.

Starts 29/05/2024 02:00PM

Expand  

Refer to my comment above about being stuffed around by brokers and agents!

You get your skates on to get finance arranged and tee-up an inspection, perhaps travelling a fair distance to do it and maybe even arrange transport should you feel you'll win, all based on what is in the PlaneSales ad - that still says the "auction" finishes today - only to find out it doesn't even start until the end of the month...

  

  On 20/05/2024 at 5:42 AM, spenaroo said:

Whats the story with the attitude indicator,

doesn't look like its parked on a hillside?

(not a potential buyer, just curios if this is common from aircraft sitting and an easy fix)

Expand  

Just toppled as the gyro ran down. Nothing to be concerned about unless it doesn't erect itself when you reapply vacuum.
 

  Quote

I met the owner & his aircraft maintainer today. Both as honest as the day is long. 

Expand  

Did they mention why GST is included? Can't imagine a Jab LSA55 like this one would be considered a tool of the trade for a sole trader or be registered in the name of a company...

Edited May 20, 2024 by KRviator

[BrendAn]

cliff banks the guru of the jabiru , told me the 55s were his favourite jab to fly, like a little sportscar.  he also had the first j170 wing, did the testing and evaluation on it before it went into production.

[facthunter]

The early ones when they had Jabiru's motor were pretty nippy. I never liked the throttle position though.   Nev

[BrendAn]

  On 20/05/2024 at 9:31 AM, facthunter said:

The early ones when they had Jabiru's motor were pretty nippy. I never liked the throttle position though.   Nev

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i have been in one for a couple of circuits. pretty impressive climb rate.  i wish i had kept mine, it was the first 55 ever sold and converted to 912 for hedlow flying school. they reckon it went like a cut snake with the big 3 blade warp drive prop.

[justinjsinclair]

Wow 

[BrendAn]

  On 01/06/2024 at 10:07 PM, justinjsinclair said:

Wow 

Expand  

Not even halfway to reserve yet

[Red]

I'd borescope that engine before even thinking about buying it

[BrendAn]

  On 02/06/2024 at 11:18 AM, Red said:

I'd borescope that engine before even thinking about buying it

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quite a nice looking little plane with good leakdowns done recently, but 25k reserve is more than what its worth.

[spacesailor]

It hasn't got halfway yet , & only a day left .

Will it make fifteen grand ?.

spacesailor

[spacesailor]

Their is, I believe a member here who could give a better estimate of its value .

Has the member thought of selling here .

spacesailor