Legacy Bashfest - Bring it on!

[banned username 2]

Quote soirces?? How about the w/b data from the airplanes themselves and the AOM???? You do not get any more definitive than that!

But you keep telling us all the WSofD books are wrong and that the airplane is "better than that" and it "always beats the book"...

"I could have easily flown over 9 hours. The airplane performs better than the book. I am betting the website stats are for the Legacy I / Shuttle. Get with the program. The plane is better than that."

Uh huh...

 

[Diesel]

I'm starting to think you might have a fetish for the legacy.

Once again WHO CARES WHAT THE DAY TO DAY OPS ARE. Sure it might beat the book but I'm sure the Gulfstream does too.

We are trying to compare apples to apples. Show us cold hard facts from the AOM or shut the F up.

Once again if the book says the plane can't take off from a certain length it can't do it. No matter what you might think it can do. If the book says it can't do it IT CAN'T DO IT.

So start brining some facts to this fight. Because it looks like you brought a knife to a gunfight.

 

[LegacyDriver]

I find it hilarious that even with my typos... Even with using three percent off the average... I still break even and this assumes ZERO resale value in ten years (which is highly unlikely).

Since acrochik is such a braniac perhaps she can give us a short course on dollar cost averaging. The ten percent return will still work even with losses unless we are miraculously in the midst of a pardigm shift. It is not relevant any way. Seven percent breaks us even.

I admit this has been entertaining...

 

[LegacyDriver]

But you keep telling us all the WSofD books are wrong and that the airplane is "better than that" and it "always beats the book"...

Uh huh...

You are really getting on my nerves. The book numbers are based on a 30.5K LB airplane, not the 29K LB production II versions. I am not quoting the AOM for performance any way--i am quoting it for changes to the airplane itself! The w/b data for each s/n is not in the aom. I have to go to the specific book for that airplane (which I have been able to do for two Legacies--both significantly lighter than the I and the demo).

 

[banned username 2]

Once again... Opinion...

Bring some facts...

 

[Flying Illini]

Ok, I've got to chime in. I'm sure the Legacy is a good airplane. I'm sure it will get the job done. I'm also sure that an operator won't change an order from a GIV/V, Falcon 900/7X, or a Challenger 604/Global Express to the Legacy.

You obviously love your plane (maybe a little too much), but you need to realize that you aren't changing anyone's mind.

Can we talk about something different now?

 

[LegacyDriver]

Probably right. I state facts (weight changes, wiper removal, tank mods, fairings--all readily visible with the naked eye on any Legacy II sitting on the ramp or in the airplane in the case of BOW) and they are called opinions. There is no point in debating ppl who question the veracity of my statements while accepting without question the opinions and statements of those who attack the Legacy and those with the temerity to defend it.

 

[banned username 2]

Probably right. I state facts (weight changes, wiper removal, tank mods, fairings--all readily visible with the naked eye on any Legacy II sitting on the ramp or in the airplane in the case of BOW) and they are called opinions. There is no point in debating ppl who question the veracity of my statements while accepting without question the opinions and statements of those who attack the Legacy and those with the temerity to defend it.

Correct me if I am wrong, but didn't you come here looking for a fight???

Note title of thread "Legacy Bashfest - Bring it on!"...

Note Thread Author: "LegacyDriver"

You asked for it, you got it...

What was that you were saying about getting more days off??? Stay waiting for your "quick witted" rebuttal...

WSofD... ROFLMAO!!!!!!!

 

[LegacyDriver]

The title, in addition to the post that spawned it, was tongue-in-cheek. I have no problem with ppl making objective, reasoned criticisms or the airplane. It is not perfect--no airplane is.

The personal attacks and dismissive attitudes are a bit much however. I should have known it was to be that way.

 

[LegacyDriver]

I'm off until the 27th. Been off since 4th. YMMV.

 

[fokkerjet]

I'm off until the 27th. Been off since 4th. YMMV.

How's that Shrink been working out for you? Still looks like you have some issues that need working on

Keep repeating "...it's only a WSofD, it's only a WSofD, it's only a WSofD........." you'll work through this.......

 

[banned username 2]

To make LagacyDriver feel more at home, perhaps we should all Whistle him a tune???

WSofD... ROFLMAO!

 

[fokkerjet]

Do you think he has a "jungle gym" at home?

 

[banned username 2]

Do you think he has a "jungle jim" at home?

ROFLMAO!!!!!!

 

[AA717driver]

You guys are killin' me! Stop it! Almost spewed barbeque sauce through my nose... TC

WSoD's Forever!

 

[GVFlyer]

I find it hilarious that even with my typos... Even with using three percent off the average... I still break even and this assumes ZERO resale value in ten years (which is highly unlikely).

I know some basic math; for instance: 10% of 0 = 0. There are many reasons why in the real world, other than faulty math, that your example does not work. Most important among them are:

First, the differential in price between the Legacy and a Gulfstream that will whip the pants off the Jungle Jet is $6.35 million, not $13.5 million.

Second, no one actually sees that price differential as cash, because:

a. They use a 100% capitalized lease where there is no out of pocket expense - you just start making the lease payments.

- or -

b. They buy the airplane and use the Bonus Depreciation.

I bet you don't understand the Accelerated Depreciation of Capital Assets, so I'll explain:

Normally, one can depreciate an asset on a straight line along the expected life expectancy of the capital asset. For instance, if you bought a $1 million dollar piece of equipment that had a life expectancy of 5 years, you could expect to write down $200,000 per year.

Under the Accelerated Depreciation of Capital Assets Act, you can write off 50% of value in the first year.

So, if you were to buy this piece of equipment in 2005, you would get to write down $200,000 that first year. But under accelerated depreciation, you get a bonus in that you can write down 50% of the purchase price, and all you have to give up is half of the first year's usual depreciation.

What does that look like for your million-dollar piece of equipment? Instead of depreciating $200,000 in year one, your lucky accountant gets to write down $600,000: The 50% accelerated depreciation, plus half of the usual 20%.

There are other equally creative ways in which to purchase aircraft, but I wanted to give you the two most common so that you might understand why your example doesn't work.

Perhaps, you can now understand why I called your economic plan naive.

GV

 

[AcroChik]

Heavy Metal Zippers

"AcroChik. You own any leather?"

Got the skins, Fokker.

I'm also a scuba instructor. I've got rubber.

 

[AcroChik]

100% Capitalized Lease

Excellent explication, GV, as usual.

Now, how do I get your job which is probably one of the coolest in the biz.

 

[LegacyDriver]

I am glad you paid attention in managerial accounting.

The point being is a person is better off investing. It may be zero percent one year but the historical annualized ROR is still ten percent. Reinvestment in devalued stocks means when it comes time to grow again I have more slices of the pie to enjoy.

The facts are the facts. Over ten years ten percent annualized return. Period.

 

[NJAFracPilot]

I am glad you paid attention in managerial accounting.

The point being is a person is better off investing. It may be zero percent one year but the historical annualized ROR is still ten percent. Reinvestment in devalued stocks means when it comes time to grow again I have more slices of the pie to enjoy.

The facts are the facts. Over ten years ten percent annualized return. Period.

You just don't get it do you, dip$hit? Ten percent of nothing is nothing in one year, ten years or 20 years!

What the Gulfstream man said was you just start paying the lease - like $200,000 a month, $2.4 million a year for as long as you keep the airplane. No money down. Or some other fancy stuff where you can write off 60% of the $27 million price in the first year.

Sheesh!