The engine is ONLY worth Core price at best. Because that is all it is, and hardly that.
I would offer him $6,000.00 USD as it sits. You win and he gets rid of the plane that is out of Annual, out of TBO, and out of his hair.
I'm with you on that!
Another idea is to ask for "right of first refusal" - when a salvage company or another buyer says they'll pay "X" for the plane, offer to pay that amount, or a bit more.
Let the salvage company / other buyer educate him on the true value of the plane.
I definitely thought about this, I can only imagine they will "offer" more if I go down that route. Haha.
As a side note, anyone know a good A&P and/or experienced forum member in the Louisville, KY area?