Hello. I have just joined the Cessna 150-152 club since I am looking to buy my first airplane and it is going to be a 150 or a 152.
I am looking at possibly buying N704LF, listed on aso.com.
Is there anything in particular I need to know about 1977 Cessna 150 Ms as opposed to any other model year?
What about buying an aircraft with such low total time? It only has 850 total hours. The owner tells me that for much of the 1980s the aircraft was in long-term storage with the engine apporopriately cared for and that it came of of storage in 2002. He states that since 2002 it has had about 250 hours put on it without any problems.
AOPA's vref lists the base price of an average 1977 150M as about $21,000, and the asking price for this plane is $35,000. This plane is a bit nicer than an "average" plane with very nice paint, clean interior, leather seats, moving map GPS, dual nav/com's, wheel pants, strobes, landing lights, etc.
If I dedice that I want to buy this plane, what would be a reasonable offer? I realize that there is often a fairly substantial difference between asking price and selling price? What would be a fair price for this plane?
Looking forward to becoming an active member of this community.
