I'm in the market for the cheapest tin can that I can log IFR time in. I will not be flying the tin can into the soup, I just need the cheapest operating piece of metal that I can legally log hours in.
I found a '66 C-150F (was IFR cert'd in the past) for just over $11,000. It is in current annual and is currently flying and a bonus is that its not too far from my house. Hanger rental is cheap where I live ($100/mo) and fuel is average.
It appears to be in good shape. No corrosion per his IA. Would I be a fool to grab this and go without an IA looking it over again?
Should I just have the local IA do another annual? I audit things frequently for my employment. I don't think I'll have a problem auditing all of the aircraft and engine logs for AD compliance. I'm not interested in spending a 20% premium for an aircraft so cheap and one that obviously lifts off the ground.
