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I flew the DA62 today.

Posted: Sun Feb 21, 2016 6:18 am
by Lance Murray
I took a demo flight in the DA62 today. Absolutely beautiful, efficient, easy to fly, spacious, well built and 1.3Million.

It really did seem like an amazing little airplane and a solid modern platform. The price is truly out of my range but for the right buyer it appears to be a great airplane.

Re: I flew the DA62 today.

Posted: Sun Feb 21, 2016 10:43 am
by Tommy
It's not just the 1.3 that is hard to swallow, that wing span is going to command a premium everywhere you go (hangar, ramp) and the insurance premium is a given. But, it is a beautiful airplane and I'm sure it fly's true to Diamond form.

Re: I flew the DA62 today.

Posted: Sun Feb 21, 2016 4:47 pm
by Lance Murray
Yes I thought the same thing about the wing span and hangar.

Re: I flew the DA62 today.

Posted: Sun Feb 21, 2016 7:45 pm
by Colin
Has anyone gotten an insurance quote? It is only 30% more than a DA42, right?

I think it would fit on the twin tie downs at KSMO, which are $165 a month.

Re: I flew the DA62 today.

Posted: Sun Feb 21, 2016 11:48 pm
by Antoine
Would you really leave a brand new 1.3 million airplane on a tie down?!

My DA40 spent 2 years out on the tarmac and I remember this phone call (true story!)

AFIS employee:
"Hi Antoine are you flying your airplane right now"?
Me:
"No. Why?"
AFIS employee:
"Ah then it's flying without you."
:shock:

Re: I flew the DA62 today.

Posted: Mon Feb 22, 2016 2:12 am
by CFIDave
Colin wrote:Has anyone gotten an insurance quote? It is only 30% more than a DA42, right?
I doubt anyone has done that yet, but we might be able to estimate DA62 insurance costs by extrapolating DA42 insurance cost factors.

Because of Diamond's exemplary DA42 safety record (compared to other twins), the in-motion/not-in-motion "collision" part of the premium might be slightly less than 1% of the hull value (A Beech Baron, for example is twice that). So on a new DA42-VI selling for $900,000, this part of the premium might be about $8000/year. (A used $300,000 DA42 TDI would be much less due to its much lower hull value.)

The liability portion of the premium is not tied to hull value, but to factors like number of seats. (Think about how many passengers might get injured in a crash.). Assume this would be about $1500 for any 4-seat DA42, for a total premium of $9500/year for a new DA42-VI. These numbers assume more than 100 hours time in type.

Now consider a $1.3M DA62: A bit less than 1% of the hull value might be $12,000/year. But a 7-seater DA62 would represent a larger liability risk than a 4-seat DA42. So the liability portion might be as high as $2500, for an eye-watering total of $14,500/year total premium for a new DA62. (I wonder if you might be able to save on the liability portion of the insurance premium by purchasing the 5-seater version of the DA62 or by removing the back row of seats?)

But I suspect if you can afford a $1.3M airplane, you can probably afford the insurance premiums. And you'll be able to reduce your insured hull value (and premiums) after the first year due to depreciation. :)

Re: I flew the DA62 today.

Posted: Tue Feb 23, 2016 1:55 am
by Paul
I bet you it's less than $14.5k. That's about what it costs to insure the Meridian I fly which has a $2mm hull value and $5mm smooth liability. It's probably not that much less though.

Re: I flew the DA62 today.

Posted: Tue Feb 23, 2016 2:07 pm
by carym
I have 1700 hours twin time with over 900 hours in my DA42 and over 2100 hours total time. My best insurance quote this year (and it has been the same the last several years) was at 1.17% of insured hull value (no deductible) and $1242 for $1mil smooth coverage for a total premium of $4461 this year. On a $1.3 mil airplane I would expect the cost to be more than $14000 coverage.

Re: I flew the DA62 today.

Posted: Thu Feb 25, 2016 5:00 am
by Colin
I flew it. I loved it. I am waiting for the first used one to show up on Controller. If they had an alert system I would plug that in.

http://flyingsummers.com/2016/02/24/the-da62/

Re: I flew the DA62 today.

Posted: Sat Feb 27, 2016 8:19 am
by Aart
Thanks for a great report Colin.
I assume that during your simulated engine failure you pushed the 'right' pedal, 'right' as in 'correct' ;)
Else something went seriously wrong in production..
1.3 million.. A lot of money, but I'd really fancy this one over a new Baron.
Question: all Diamond flyers love the visibility from the canopy. How did you find the visibility with this A-bar in the way?