This really bugs me. When I bought the option for the SR22 there was no price tag to it. It just gave me the option to enter into a SR22 contract once it would be announced. On my specific request if there was a price already defined I was told no.
I am happy for you as you seem to have been rewarded for putting 15K bucks into the SR22 project when many others didn’t “dare” or want to do so. But so did I, so I think I’ll have something to discuss with CD.
Hey placido, I’m not sure why you’re upset. I, like you, have an SR20 order and also placed a blind SR22 order. Cirrus has done more than stuck to their word as to the discounts, and flexibility of each contract.
I was not promised anything other than a position locked by the date of the certificate when I sent my chaeck for the SR22. Quite frankly, I was pleasantly surprised by the offer of a discount off of list price for the SR22 certificate.
I also was cautiously prepared to loose the equity in my SR20 contract if I choose to convert to the SR 22. So I am again, pleasantly pleased.
While I subscribe to the “you can’t please all of the people all of the time,” philosophy, I think Cirrus has done the best job possible and particularrly, no position holder is worse off.
Personally, I’d love to see the SR22 priced $20K lower, as I think it is a bit expensive at the current price. But they also have stockholders to please!.
Why are you bugged that there maybe a discounted price on your SR22 contract?
P.S: Good advice to Tom Conley. The logic is impeccable
Could you pls explain why your option certificate has a value of $11’400 besides the deposite you already paid. I don’t get the math, maybe I am overlooking something.
Certainly, the Cirrus retail purchase price is of a “B” SR22 is $294,700. My 'Certificate" has a purchase price of $283,300 as verified by the Cirrus letter. $294,700 - $283,300 = $11,400 plus the amount of deposits already made.
Therefore, the purchaser of this contract gets somewhat ahead on line and an $11,400 discount, which together are clearly have value.