Today we try to buy an abandoned Gulfstream GIII private jet at auction AGAIN. This private jet has been sitting for years on end, and now it’s back up for auction again. The current bid is only $30,000, so should I try to buy it? Can it be saved? This plane is worth millions in nice condition, and these are available for just a small fraction of that. Will these engines start up and run after many years? Enjoy this video as I explore this abandoned plane.
$100,000 Abandoned Gulfstream Pt. 1 – https://youtu.be/bd79bHXW98o
Cheap Abandoned Spy Plane: https://www.youtube.com/watch?v=qJr-30dCMT0
Buying a Cessna Citation 501: https://www.youtube.com/watch?v=7cpWa0La_AA
Cheap Jets at Auction: https://www.youtube.com/watch?v=Sq4JCL4oAg0
1983 Gulfstream GIII Auction: https://www.equipmentfacts.com/listings/other-items/auctions/online/229136513/1983-gulfstream-giii?LP=TRK&
Learn to fly! The ground school course we personally use: https://learn.pilotinstitute.com/a/aff_wp167nhc/external?affcode=245841_ev9myedt
Main Car Channel:
https://www.youtube.com/jrgarage
Business Channel:
https://www.youtube.com/jrbusiness
JR Garage Store: https://jrgaragestore.com
PLEASE NOTE: We are aviation enthusiasts. These videos are for entertainment purposes only. We are NOT qualified to give flying instruction. All of our videos, including this one, have been significantly edited down from the original full length raw footage. Many radio calls, checklist steps, and other procedures have been omitted to keep the videos a reasonable viewing length. Please speak to a CFI with any flying questions you may have.
source
You can profit on the hush kit alone
Did you already buy a Pilatus PC-12 ? I am new to your channel.
Buy THE PLANE 🛬🛩️🛩️ DOOO IT!!!!! 😊
I would do it
BTW… The Ferrari is BANGING ❤❤❤❤❤
It’s now 13k USD BUY IT NOW ITS A ONCE IN A LIFE TIME EXPERIENCE
The bid is now 13k hmm
Forget it fool
Freaking love this channel
I'm pretty shure that you could buy a flying GIII for cheeper, than the cost of getting N888WE airworthy again. BUT, I've would never buy a GIII in the first place. The average hour price is enourmus, the average downtime is high, parts availibility is scarce, reliability is low. If you buy N888WE, it would be for a non-flying project i hope.
Yo ass look like Sam bankman fried lmao
Buy it why not!
As of 9:10 EST 12/9/23 the bid is at 20k…
Def this old bird could be an AB & B or for photo shoot.. how about the parts if to parts?
Way too much money will be put into this aircraft in the long run to get it airworthy. From trying to source the missing parts, performing all of the inspections, and the repairs of the guaranteed corrosion. If you have the ability to relocate the aircraft to a facility or property for filming and model photography, that would probably allow you a better chance for funds. The only issue is the cost for moving the aircraft. Tearing it down, oversize permits, cranes, etc.
OMG you better run !!! Do not buy!
It's almost worth it for the scrap metal. Really… scrap aluminum is about a buck a pound…
I tried to follow the auction. Last time I checked it was at 20,100$. Next time I tried to check I wasn’t able to access the auction. I guess it was over already? Would be interesting to see what’s happening.
34,500 is my guess
I tuned in to the auction this morning. The auctioneer opened asking for $300,000. It quickly dropped to $100,000 and I think it went for $30,000-35,000 but the auctioneer noted that it was pending Ontario airport approval.
Just for reference, I bid on ONE Spey engine a couple years back on eBay and got a counter offer of $3,500 – and passed. My goal was to take it apart and sell the LP stages once polished (I bought a stage 1 and 2 LP set polished several years ago).
Without logs (especially the engines), the aircraft is purely scrap value.
Young man, please take my advice. It’s one thing to mess around with cars, planes are whole other story . Buying battery for a gulf stream will cost you the price of a nice use car.
I will say go for it and buy it life is too short. $30k?
You can beat it.even it $50k.
Not to mention projects on this jet will be exciting and will bring more viewers in your channel. If it didn't runs, you still will win renting for Hollywood stars for photo shoot and if it runs, more profit 😊
You're gona need a sh%^ton of money.
This is from Wikipedia "The Gulfstream III is listed explicitly in Federal Register 78 FR 39576. Any Gulfstream IIIs that have not been modified by installing Stage 3 noise compliant engines or have not had "hushkits" installed for non-compliant engines will not be permitted to fly in the contiguous 48 states after December 31, 2015"
What the hell happened to your hair? You look like your boozo brother
I used to buy GII/B's GIIIs for $6Mil-9Mil and flip them lol you could resell them all day long. Pity its not S/N 400 and beyond, then it would be worth a lot more money.
It sold for $40k… probably cost more to move it, so not a good idea unless you can sell those hush-kits….
Yes, and turn it into a an "AIR" bnb. like i said in last video.
Boringgggg!!!
I think this would be a bad deal if it was free.
This stingy dude needs to stay away from airplanes .
So you gave up on your jr garage channel and followers
I guess so
Absolutely. It's less than your Bonanza's annual.
it went for 40k
we need more new car videos guys, 5 moths since the last cayman video, and you were teasing us about more boxster vids 🙁
The G3 seems to be removed from the Auction site.
Buy it
Stay away, run run run
Do it
RUN AWAY.
Two words that when used in the same conversation should inspire you to run away; corrosion, jet.
If you have 30k to spend, Flip anything else but that!