I?m looking at 1975 Cessna 150M.
6700hrs total airframe, 50hrs Since Major, and a 2 year old backyard paint job. The annual was completed in October. Avionics and Radios are average.
Asking price was $32500.00Canadian. On the original purchase offer, I offered $2500 less then the asking price subject to an inspection, I.e $30,000. The offer was accepted.
The aircraft was delivered for inspection by the owner?s AME. When the aircraft arrived for the flight test portion of the inspection the owner?s AME informed us that the battery was toast and he had to hand prop the aircraft to get it started. The radio wasn?t working for him and he had to come in NORDO.
Ground inspection of the aircraft revealed that the carpets had been replaced with regular house carpet, i.e. probably not officially airworthy, The logs only go back to 2002 and the battery was not only dead but the battery box itself was totally full of corrosion. A battery charger was hooked up for 24hrs and the battery seemed to hold that charge for the flight test. In air testing showed that the EGT gauge and ADF were not working.
Now an AME has yet to look at the plane, however, I assuming that he will find a few more snags and squawks.
So my question is, would you accept the aircraft as is and accept the cost of fixing these minor items yourself, or would you go back to the broker and say hey these items are deficient can we subtract them from the price of the aircraft?
I know it really all depends. If it is one minor item then I would eat the cost. However, the tough part comes as each minor item is added to the list. At what point do you say whoa maybe the seller should pony for some of these repairs.
If it was my plane I was selling I would probably say I would cover every snag that was found but I understand that?s just me and not everyone thinks the same way.
As a first time buyer I could use some feed back on this.
