I will be as polite as possible. I am not rich. in fact far from it, but
every penny I have, I earned. Proper planning with your money and livin
g within your means goes a long toward being successful with any project
. Too often we see people who have to be seen with the 'latest/greatest/
yada yada yada. Most if not all end up going belly up and hard working h
onest citizens eat their abusive spending habits through higher prices o
n items, higher credit fees and taxes. I would love to have a Gulfstream
G-5 to fly to my private island and cruise around in a 300' boat. Ain't
gonna happen <G>. If you can't buy the whole kit outright and up fron
t Zenith offers componants so you can pay as you go. As for the Delta ha
wk, I was one of their first customers who offered them a firm purchase
commitment and they were going to deliver my engine in April 2001. I eve
n offered to to all the R&D to get it to fit in an 801 but the rudely to
ld me I didn't have the skills to engineer a firewall forward package. Y
ou know the rest of the story by now. Remember................... If th
ere is a will, there is a way... How honest are you with yourself?
do not archive.
Tailwinds
Ben Haas
N801BH
www.haaspowerair.com
---------- Original Message ----------
From: Jay Parker <zeus45601@yahoo.com>
To: zenith701801-list@matronics.com
Subject: Financing the CH-801
Date: Mon, 16 Nov 2009 08:07:39 AM PST
I think this message may be dismissed as irrelevant by a lot of you vete
ran pilots and builders, who build their planes from scratch finding ine
xpensive alternative engines to put in your plane, and have just essenti
al avionics. You may have a lot of free cash and time to build your plan
es in other cases. I do commend your ingenuity and frugal know how to th
ose who can accomplish their goals on less money. But has anyone looked
into financing major components on your plane once the airframe has bee
n completed. I for one plan to build the CH-801 airframe with spare cas
h (does anyone really have spare cash?) I save without taking out a loan
and build each section slowly, one section at a time until finished. Th
is may take a few years as I rarely have spare cash and time is always a
factor. I may be disillusioned and you guys who have actually built yo
ur planes may be chuckling. But has anyone gone as far as to try to fin
d financial backing/loans for other major components such as a new engin
e or glass panel avionics? For guys like me, could I get some ideas as
to how you did it or plan to do? The engines and glass avionics ain
=99t cheap and I would like to know if you can get a loan for these othe
r things other than maxing out credit cards (lordy, not the way to go I
would think at their interest rates). Most institutions won=99t gi
ve you a loan on a kitplane as there is nothing to show for it until it
is finished and certified. I plan to get a 200 hp DeltaHawk Diesel engi
ne once certified in a couple years, but was shocked to see on their web
site the final cost of the engine and all the supporting attachments: en
gine mount, oil and coolant tanks, superchargers, turbo etc. ht
tp://www.deltahawkengines.com/Firewall%20prices.shtml coming to a total
of $62,500. That=99s not including propeller. Holy cow! When I
was looking at engines I was thinking maybe $25,000 to $30,000 for a bra
nd new engine, but apparently all the supporting parts add up significan
tly. When building my avionics panel using a program called X-Panel 500
0, I=99m looking at about another $25,000 and that=99s somet
hing I don=99t want to skimp on. How are you folks, who like me,
who are not particularly rich, going to get those other big money items?
If you=99re independently wealth this isn=99t an issue.Jay
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