As I said, a red flag for ME...
Because I would have to explain it (the missing logs) to the next buyer, if the logs are there, no explanation necessary.
Oh and Vref and Aircraft Blue Book do knock the value at least 10% for missing log books
And currently there are a zillion airplanes on the market with logs.
I just paid less than $13,000 for a 1973 L model 3,000 TT all logs some slight left wing leading edge damage done 29 years ago but with excellent 337 documentation (and they zinc chromate(ed) the wing after the repair.) Engine has 1,500 hours on a second run o’haul but all new Continental cyls were installed about 400 hours ago.
I try and live buy the axiom, “if you buy it right it’s ½ way sold” I have bought and sold more than a few airplanes this way.
