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Or you could just wing it, and scrape up the dough when the time comes. What do most folks here do?

When I bought my 152 is March 2001, the engine had 2000 SMOH. I didn't see the point of setting aside money per-hour for the overhaul. I had $35K in cash. Paid $19K for the plane. Put the remaining money into a CD for use when an overhaul is needed. The engine now has 2350 SMOH (TBO is 2400); compression is 68 to 70 in all 4 cylinders. I'll just play it by ear at each annual. I probably will do the overhaul when compression drops to low 60s, or at 2500 SMOH, whichever comes first.

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