Originally Posted by dmat
I was looking at a kit today and I spoke with the seller about pricing of the kit. His doesn't have an engine core and he basically said a core is worthless.
From what I have seen, (please correct me if im wrong) when getting an engine overhaul, you need to provide a core as an exchange.
So in reality, you're sending in a ~$5k engine core for a rebate on an overhaul.
Am I correct or totally off base?
An IO-360 core has value unless it is 100% junk.
Aren't you looking at the airframe kit without an engine? Unfortunately for the seller, the airframe kit is generally worth less than he has in it. The less complete, the less value it has relative to the price of new kits.
As a reference, I see RV empennage kits going for as little as 25-30% of what a new empennage kit costs. Finished wing kits often go for what a new wing kit might cost (unassembled), and fuse kits are similar. Diligent buyers get better deals, hurried sellers make worse deals, etc. There is a pretty wide spread.
Good luck and find an experienced RV guy to help you look at and evaluate the kit. Too many of us (me included) have missed one thing or another when purchasing a second hand kit.