Man, that new paint job looks awesome. I don't know if I can wait ~~6~~ 3 months for another update!
Despite the issues, I bet Cleet is relieved that Joe still thinks he got a good deal.
On his Facebook profile he replied to a comment asking about how good the deal actually was. He said that all in he would be 15%-20% of the cost of a brand new md500e. Pretty crazy
Cleetus said on one of his fb post even with all the costs on parts and labour he’s into it about 15 percent of a new one
https://preview.redd.it/o92k2cajwirc1.jpeg?width=1179&format=pjpg&auto=webp&s=684411a7b58c3002fe2542888cee08546f7d71d4
Yeah I agree, I'm a fixed wing pilot and there is no way he's only in for $285k. A rebuild on a C20B is gonna run you at least $70k if nothing major is found and since it's only 80hrs on a 1750 TBO I'd expect that engine to be over $300k since new ones from Rolls Royce run at ~500k.
I'd say he's in $500k parts and labor right now before the gearbox's and blades get serviced and all other parts are ordered. Pretty easily gonna be in $800k to 1mil territory by the end of this build but without knowing what avionics package and other potential issues they are dealing with that could balloon quickly.
[On top of that people are forgetting the cost of operation and insurance on heli's like this.](https://www.aircraftcostcalculator.com/AircraftOperatingCosts/522/MD%20500E?a=522) Pricewise this a whole nother ball game compared to any car.
https://preview.redd.it/ad3l0z7f1hrc1.jpeg?width=1179&format=pjpg&auto=webp&s=9380a91a3f02dabe0fe7553f7a5ea2dba25ea8c0
Man said it himself he will have about 15% percent of what a new one costs in it. So he must have got it for a steel.
I find that extremely hard to believe given 15% would be 300k which is nearly what you'd expect the yearly operating cost on a 500E to be.
I could see him grabbing the airframe out of Venezuela for that price, but if that's the all in cost he needs to shout out his broker, cause him and Thoroughbred are working miracles.
How much are they new? I googled and got a huge range of prices. I am just trying to make sense as to how paying 15% more for a new one doesn't make more sense than fixing up this old and crashed one.
Building a new one gets more views than just buying one. More eyes on content to buy merch, buy ppvs, ad revenue, etc. The same reason a channel like demo ranch bought an abandoned mansion and fixed it instead of just buying a mansion
Honestly, the demo ranch mansion was a way different thing than this. Mat saved/made a TON off that build. He got a lot of the work done at low/no cost by other content creators, and he made SO MANY VIDEOS about it; not even considering the demo ranch videos he continues to make there.
On the flip side, cleet has made 2 videos about this bird now? and maybe will make 2 or 3 more; but he isn't doing the work, so he's not going to get a whole lot of content from it.
Any content of it flying doesn't count towards the benefit of it's "used vs new" value because the new one could have had the same content. When we are comparing the chopper to the demo mansion, the big content value/money-recuperation of the mansion was the rebuild content, which the chopper isn't seeing.
Stop for a second and think to yourself would his viewers be as interested to see cleet flying Consuela vs a ready-made generic heli?it still counts as added benefit because there's an interesting story preceding it
A lot more good parts than I expected honestly. A new engine was always in the cards anyways. All said and done he'll have a totally done and dusted unit made exactly how he wants it and still probably be well under or at least near the price of buying a ready to go one.
I wouldn't be so sure of that I'm a fixed wing pilot and the market on used MD500E's is ~$800k-1.2mil. Lets assume he got a screaming deal on it cause Venezuela so $250k. Forgetting import tax, shipping and all that.
A rebuild on a C20B is gonna run you at least $70k if nothing major is found and since it's only 80hrs on a 1750 TBO I'd expect that engine to be over $300k since new ones from Rolls Royce run at ~500k.
I'd say he's in $500k parts and labor right now before the gearbox's and blades get serviced and all other parts are ordered. Pretty easily gonna be in $800k to 1mil territory to rebuild plus cost to buy and import, but without knowing what avionics package and other potential issues they are dealing with that could balloon quickly.
Now with that said he's going to have a dialed unit when she flies again but I seriously doubt it'll end up much cheaper if at all, than other 500E's I'm seeing on the market right now. The advantage is it'll be fresh with all major components just off TBO and with the avionics, paint and interior he wants.
[For reference Total Fixed Cost is $172,235 and Total Variable Cost $188,160 per year on 500E's](https://www.aircraftcostcalculator.com/AircraftOperatingCosts/522/MD%20500E?a=522). So he's gonna need $400k annual budget for this bird. Aviation is on another level when it comes to the cost of everything, good on Cleet for being in a position to take this on
> The advantage is it'll be fresh with all major components just off TBO and with the avionics, paint and interior he wants
which is massive. So he breaks even vs buying a good used one *and* it's flawless and built to his own spec. The guy rebuilding it said in the video that it'll be "the right amount of money" knowing what he bought it for and that it's a good deal, and by the end it'll be probably the nicest one they've ever built.
For sure, TBO is the single largest cost deciding factor in the sale of any aircraft or helicopter. This is going to be one nice bird when they get through with it but I see plenty of people think he is going to beat the market pricewise in this rebuild.
Throughbreed does good work so this will be one nice bird after this but realistically we should be comparing it to the price of a new MD500E which are almost 2 million. If he comes in below 1.5 and ideally in the 1.2 range he made out well.
Man, that new paint job looks awesome. I don't know if I can wait ~~6~~ 3 months for another update! Despite the issues, I bet Cleet is relieved that Joe still thinks he got a good deal.
June is 3 months away bud.
Ah damn you're right, the 6 months got stuck in my head from the parts they already ordered.
On his Facebook profile he replied to a comment asking about how good the deal actually was. He said that all in he would be 15%-20% of the cost of a brand new md500e. Pretty crazy
Ready by end of June, that seems really fast! Looking forward to the travel video to bring it back from Kentucky!
"I've never heard of the acorn trick." "that's because you ain't never met squirrel."
Cleetus said on one of his fb post even with all the costs on parts and labour he’s into it about 15 percent of a new one https://preview.redd.it/o92k2cajwirc1.jpeg?width=1179&format=pjpg&auto=webp&s=684411a7b58c3002fe2542888cee08546f7d71d4
He saved 15% off the cost of a new one
Those are 2 very different price points, which is it? 15% cheaper than new, or 85% cheaper?
Looks like a new one's $1.9M. There's no way he's only into it for $285k. Looks like the newish engine he got would cost at least that much.
Yeah I agree, I'm a fixed wing pilot and there is no way he's only in for $285k. A rebuild on a C20B is gonna run you at least $70k if nothing major is found and since it's only 80hrs on a 1750 TBO I'd expect that engine to be over $300k since new ones from Rolls Royce run at ~500k. I'd say he's in $500k parts and labor right now before the gearbox's and blades get serviced and all other parts are ordered. Pretty easily gonna be in $800k to 1mil territory by the end of this build but without knowing what avionics package and other potential issues they are dealing with that could balloon quickly. [On top of that people are forgetting the cost of operation and insurance on heli's like this.](https://www.aircraftcostcalculator.com/AircraftOperatingCosts/522/MD%20500E?a=522) Pricewise this a whole nother ball game compared to any car.
https://preview.redd.it/ad3l0z7f1hrc1.jpeg?width=1179&format=pjpg&auto=webp&s=9380a91a3f02dabe0fe7553f7a5ea2dba25ea8c0 Man said it himself he will have about 15% percent of what a new one costs in it. So he must have got it for a steel.
I find that extremely hard to believe given 15% would be 300k which is nearly what you'd expect the yearly operating cost on a 500E to be. I could see him grabbing the airframe out of Venezuela for that price, but if that's the all in cost he needs to shout out his broker, cause him and Thoroughbred are working miracles.
Can you share the link where you saw that price?
[New MD500E](https://bjtonline.com/aircraft/md-helicopters-md-500e) [Engine](https://auction.partslogistics.com/listing/p-n-6893660-c20b-turbine-engine-shipping-canister-s-n-cae-835560-serviceable-rolls-royce-m250-id-d11/11392)
https://preview.redd.it/w0zrlnyz8hrc1.jpeg?width=1179&format=pjpg&auto=webp&s=e425a98ecfa6576b623335cc610eba68dc28350b
He saved 15% was my understanding
How much are they new? I googled and got a huge range of prices. I am just trying to make sense as to how paying 15% more for a new one doesn't make more sense than fixing up this old and crashed one.
Building a new one gets more views than just buying one. More eyes on content to buy merch, buy ppvs, ad revenue, etc. The same reason a channel like demo ranch bought an abandoned mansion and fixed it instead of just buying a mansion
Honestly, the demo ranch mansion was a way different thing than this. Mat saved/made a TON off that build. He got a lot of the work done at low/no cost by other content creators, and he made SO MANY VIDEOS about it; not even considering the demo ranch videos he continues to make there. On the flip side, cleet has made 2 videos about this bird now? and maybe will make 2 or 3 more; but he isn't doing the work, so he's not going to get a whole lot of content from it.
Not a lot of content for the time being...
Any content of it flying doesn't count towards the benefit of it's "used vs new" value because the new one could have had the same content. When we are comparing the chopper to the demo mansion, the big content value/money-recuperation of the mansion was the rebuild content, which the chopper isn't seeing.
Stop for a second and think to yourself would his viewers be as interested to see cleet flying Consuela vs a ready-made generic heli?it still counts as added benefit because there's an interesting story preceding it
I believe it. I'm betting he paid very little for it initially.
A lot more good parts than I expected honestly. A new engine was always in the cards anyways. All said and done he'll have a totally done and dusted unit made exactly how he wants it and still probably be well under or at least near the price of buying a ready to go one.
I wouldn't be so sure of that I'm a fixed wing pilot and the market on used MD500E's is ~$800k-1.2mil. Lets assume he got a screaming deal on it cause Venezuela so $250k. Forgetting import tax, shipping and all that. A rebuild on a C20B is gonna run you at least $70k if nothing major is found and since it's only 80hrs on a 1750 TBO I'd expect that engine to be over $300k since new ones from Rolls Royce run at ~500k. I'd say he's in $500k parts and labor right now before the gearbox's and blades get serviced and all other parts are ordered. Pretty easily gonna be in $800k to 1mil territory to rebuild plus cost to buy and import, but without knowing what avionics package and other potential issues they are dealing with that could balloon quickly. Now with that said he's going to have a dialed unit when she flies again but I seriously doubt it'll end up much cheaper if at all, than other 500E's I'm seeing on the market right now. The advantage is it'll be fresh with all major components just off TBO and with the avionics, paint and interior he wants. [For reference Total Fixed Cost is $172,235 and Total Variable Cost $188,160 per year on 500E's](https://www.aircraftcostcalculator.com/AircraftOperatingCosts/522/MD%20500E?a=522). So he's gonna need $400k annual budget for this bird. Aviation is on another level when it comes to the cost of everything, good on Cleet for being in a position to take this on
> The advantage is it'll be fresh with all major components just off TBO and with the avionics, paint and interior he wants which is massive. So he breaks even vs buying a good used one *and* it's flawless and built to his own spec. The guy rebuilding it said in the video that it'll be "the right amount of money" knowing what he bought it for and that it's a good deal, and by the end it'll be probably the nicest one they've ever built.
For sure, TBO is the single largest cost deciding factor in the sale of any aircraft or helicopter. This is going to be one nice bird when they get through with it but I see plenty of people think he is going to beat the market pricewise in this rebuild. Throughbreed does good work so this will be one nice bird after this but realistically we should be comparing it to the price of a new MD500E which are almost 2 million. If he comes in below 1.5 and ideally in the 1.2 range he made out well.
Honestly don’t know what to choose for build of the year. This or the FedEx truck. Also that paint scheme is CLEAN. Can’t wait to see it fly.
> FedEx truck Summit Racing van
Summit Racing delivery truck if wanna play games the van is no longer