This kinda begs the question. When you have an engine that is over TBO, is it worth buying the plane, or should you just move on?
I called my local "Reputable engine shop" this morning to confirm the figures. They quoted $15000 for an overhauled engine + labor, baffles, mags, overhauled carb. possible work to the mount, tax etc. for a bottom line in the region of $18,500. That's right - Eighteen thousand five hundred dollars.
Will the increase in capital value reflect this? I doubt it. If you are an A&P and can do all the work yourself a "Major Overhaul" may be feasible. This sort of project- for me at least - doesn't make sense. So to keep my plane flying I chose to IRAN. I believe I now have a reliable engine and $10,000 still in the bank. Lets see, at 5% that's worth $12500 5 years from now. Would my plane with a low time engine be worth that much more? Maybe but I doubt it.
Just my opinion.
Joe 150F
