The logbooks are not just nice to have, they are essential if you want to know what has and has not been done to the airplane. The first thing that pops into my mind is AD compliance. Make sure that the AD compliance is not ?pencil whipped?, that is some statement like ?AD 1234 complied with? and that?s all. There should be a full description of the means of compliance. If each and every AD has not been logged as complied the airplane is not AIRWORTHY. Not Airworthy means that you can?t legally fly it. You may spend a bunch on just this one issue because of the lack of logbooks.
Some day you are going to want to sell the plane and you will be faced with the issue of abbreviated logbooks.
NEVER fall in love with another man?s airplane (or wife). Wait until she is yours to fall in love. There are too many good 150/152 out there to even consider this airplane seriously. The most important part of buying an airplane is patience, order yourself a couple of barrels and apply it liberally.
My advice is not to invest any more time, money or emotion in the poor old thing. Just keep looking and you will find one that is even better.
