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Author Topic: A320 Price?  (Read 1938 times)

Offline iFlysimX

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A320 Price?
« on: December 29, 2011, 10:13:52 PM »
Bought a BRAND NEW A320 from the manufacture for $113,000,000 and right after i want to sell it and the value is at $55,000,000. What the heck??? Why?

Thank You!

Online JumboShrimp

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Re: A320 Price?
« Reply #1 on: December 29, 2011, 10:23:11 PM »
Bought a BRAND NEW A320 from the manufacture for $113,000,000 and right after i want to sell it and the value is at $55,000,000. What the heck??? Why?

Thank You!

Are you sure you did not buy 2 of them?  Or that you did not buy A330-200?

Offline iFlysimX

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Re: A320 Price?
« Reply #2 on: December 29, 2011, 10:27:57 PM »
No, I just got an A320 delivered and i was leasing it and decided to buy in maybe after 2 game weeks.

Offline Sanabas

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Re: A320 Price?
« Reply #3 on: December 29, 2011, 10:30:27 PM »
I just looked at his airline, he had a brand new, LEASED a320 delivered on 21 Nov. He bought out the lease on 27 Nov. If that was a 10 year lease, he'd pay about 113 million, and own 55 million worth of plane.

Online JumboShrimp

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Re: A320 Price?
« Reply #4 on: December 29, 2011, 10:30:58 PM »
No, I just got an A320 delivered and i was leasing it and decided to buy in maybe after 2 game weeks.

Did you have it on like a 15 year lease?

Offline Sanabas

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Re: A320 Price?
« Reply #5 on: December 29, 2011, 10:32:33 PM »
No, I just got an A320 delivered and i was leasing it and decided to buy in maybe after 2 game weeks.

Yep. And to buy out the lease, you need to pay 70% of the remaining lease amount, plus the actual value of the plane. Which is where the extra 58 million came from. Was it on a 10 year lease?

Offline alexgv1

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Re: A320 Price?
« Reply #6 on: December 29, 2011, 10:34:26 PM »
Yep. And to buy out the lease, you need to pay 70% of the remaining lease amount, plus the actual value of the plane. Which is where the extra 58 million came from. Was it on a 10 year lease?

Sure you don't mean 50%?
CEO of South Where Airlines (SWA|WH)

Offline Pepto

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Re: A320 Price?
« Reply #7 on: December 29, 2011, 10:44:21 PM »
Painfull mistake...

Offline Sanabas

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Re: A320 Price?
« Reply #8 on: December 29, 2011, 10:46:15 PM »
Sure you don't mean 50%?

Yes, I do mean 70%.

Offline alexgv1

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Re: A320 Price?
« Reply #9 on: December 29, 2011, 10:51:04 PM »
Yes, I do mean 70%.

s*** when did it go up. I must be getting behind the times on these new players.
CEO of South Where Airlines (SWA|WH)

Offline Maarten Otto

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Re: A320 Price?
« Reply #10 on: December 29, 2011, 11:11:44 PM »
Bought a BRAND NEW A320 from the manufacture for $113,000,000 and right after i want to sell it and the value is at $55,000,000. What the heck??? Why?

Thank You!

It seems you made a big mistake... I therefore nominate you for this years Airwaysim:

Offline iFlysimX

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Re: A320 Price?
« Reply #11 on: December 30, 2011, 12:20:54 AM »
ahhhhh DARNNNN!!!! Thats really stupid function.....You are buying the plane....this is REALLY stupid and unreal!

Offline Sami

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Re: A320 Price?
« Reply #12 on: December 30, 2011, 12:27:16 AM »
So .. you are saying that it would be more realistic for the leasing company just to give you the plane with the market price/value and not to want any money when you area breaking the contract years and years earlier than originally agreed with them?  ..Yes..  ;)

And, after all, the costs are very clearly displayed on the lease termination/buyout page

Offline ArcherII

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Re: A320 Price?
« Reply #13 on: December 30, 2011, 12:28:46 AM »
You signed a contract. In AWS you respect that contract. And anythinbg you want to do to go around it would be already written in the contract.

Offline iFlysimX

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Re: A320 Price?
« Reply #14 on: December 30, 2011, 12:30:00 AM »
Yea Sami I still find it stupid because if you are buying the Airplane. Go lease a car and then if you want to buy in the middle of your lease they are not going to make you pay because you are breaking the lease.

Offline ArcherII

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Re: A320 Price?
« Reply #15 on: December 30, 2011, 12:33:57 AM »
Why would a broker sell the airplane to you and forget about the rest of the lease term? They will make you cancel the lease first, at a price, and then sell the plane to you.

Offline Sami

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Re: A320 Price?
« Reply #16 on: December 30, 2011, 12:36:10 AM »
Go lease a car and then if you want to buy in the middle of your lease they are not going to make you pay because you are breaking the lease.

Yes they are. If you are buying the car with installment payments (bit by bit until you own it), it is different.  If you LEASE a car from a leasing company for X years, and after the years are over you must return the car, and in such case they either a) will not sell it to you at all in the middle of the deal, or b) will charge extra for terminating the contract compared to a car bought from a regular "market". In most cases the b) is not even an option, they allow you to buy it only after the contract period is over.


End of story - you have a contract with the leasing company and they are not a charity. If you have ANY contract (fuel, aircraft, loans etc) and you wish to change it, there will always be costs associated to it when not sticking to the original contract.
« Last Edit: December 30, 2011, 12:38:30 AM by sami »

L1011fan

  • Former member
Re: A320 Price?
« Reply #17 on: December 30, 2011, 01:33:58 AM »
So .. you are saying that it would be more realistic for the leasing company just to give you the plane with the market price/value and not to want any money when you area breaking the contract years and years earlier than originally agreed with them?  ..Yes..  ;)

And, after all, the costs are very clearly displayed on the lease termination/buyout page
and thats the truth!!!

L1011fan

  • Former member
Re: A320 Price?
« Reply #18 on: December 30, 2011, 01:34:34 AM »
It seems you made a big mistake... I therefore nominate you for this years Airwaysim:

bringing up the rear again, huh?

Offline EYguy

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Re: A320 Price?
« Reply #19 on: December 30, 2011, 08:07:37 PM »
and thats the truth!!!

Sami, I do not want to go against you but when you're on a financial leasing and you lease, say, a car, you can buy the car in the middle of the leasing, without having to pay 70% of the remaining installments. At least that's what happened at the beginning of december in my company: we had pretty good results and, in order to pay less taxes, our CEO went on buying some of our cars that were on a leasing contract. We had to pay the difference between what we had paid so far and the cost of a brand new car, but that was not 70% of the remaining installments! :)

 

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