Club Homepage Forums Classified Ads Buy & Sell - Everything But Airplanes $49,500 Cessna 150

Gee, you are being so negative, Jim? Our previous 72G now should have more hours then this. And I have little doubt that, because of the way it is being operated by it's present owner, it can make suggested overhaul with it's original cylinders.

Bill
Grants Pass, Oregon

How about a $90,000 150? [barnstormers.com] Act now, as it's been reduced for quick sale.

Jim,
He may have managed to get him self into the same condition that I have managed with my plane.

When the hanger door blew in on it the bottom end was inspected and overhauled. Since the log book said that there was only around 250 hours on chrome cylinders I chose not to have them overhauled at the same time.

Then I started having some cylinder problems, about 100 hours after the bottom end work. I had all the cylinders overhauled. Also all of the accessories have been overhauled and all new wires and hoses have been installed within the last 100 hours.

Technically I have around 1300 hours since major overhaul. However actually the engine (1500 HR between overhauls) has about 100 hours since everything was overhauled and should be good for another 1400 hours. I can't call it an overhaul because everything was not done at the same time.

If I were selling my plane I most likely would advertise it as 1400 hours to major overhaul. That will make folks like you wonder and most likely some will loose interest before they inquire. A poor decision on my part but that's the way that it is.

Bill,

I never will figure out airplane prices. Friend of mine put his very nice Bellanca 7ACA Champ (the new Champ series, built in the early '70s) with an 0-235 engine conversion on the market at $39,900 and it sold within 48 hours.

Yet, for that money, there are some decent 310s I could buy (but never afford to operate).

The price for the 150 is more than twice what I'd expect to pay for one of that vintage, time and modest avionics. I saw nothing about IFR certification or an IFR GPS.

But, as you say, it just takes one buyer.

I am, however, familiar with the concept of owners thinking their airplanes are worth a heck of a lot more than reality and how incensed they get at even a mention of Vref and Blue Book prices.... (And, how surprisingly accurate Vref tends to be...)

Best regards,
Rick

Last weekend, I got offered $9000 for a flying, in annual 1976 Cessna 150 because "that's the price I got from Vref". Yeah.... not so sure about that accuracy thing you're talking about. I think I'll just keep the airplane at the flight school where it's being rented out.

Yah know, thinking of one thing and another, a person could easily sink $60,000 into a 150 turning it into a cream puff.

I could even see myself doing that (though probably to an older 172). Taking that approach, you could end up with a very nice airplane for way cheaper than new.

Which works great if your objective is to have a nice airplane. But things change (lost medical, lost income, etc.) and a plane might need to be sold.

So, if I were thinking of totally restoring and/or upgrading an older aircraft, and I encountered one that had already been "done" without too many hours on it, and for considerably less than "doing" an airplane would cost, I might spring for something way over its Vref value.

Reg

Your $60K figure is about right, according to my experience. (I'm not a mechanic and had to pay to have everything done). If I had known then what I know now, I may have done what you suggest, although I must admit that I am pleased as punch with my $20K 100% All-New-Parts Teledyne Mattituck 0200A (also came with new carb, mags, harness, starter, and alternator)

I've put 140 hours on it since it was installed, and it runs great. If I can get 10 years of safe, relatively trouble-free flying out of my airplane, the money I have sunk into it will have been worth it.

I also had the plane painted have have spruced up the avionics and inside. I would never expect to get out of it what I have sunk into it. If I ever lost my medical or whatever, and had to sell, I'd list it for "best reasonable offer" and let it go for whatever the market bears.

-Great observation, Catherine!

-It's like if the person is a member of this club, their judgement in pricing must be totally valid! The plane was at Clinton in 2008; very nice paint; well taken-care-of-airplane. $49.5 is probably what he put into it for the restoration.

-Just saw some "well worn" Cessna 150's for sale in the UK for 20K...in Pounds Sterling! Looked like the owner might be happy in the States just getting MAYBE $20K (USD). Location-Location-Location! MM

I'll be happy to ship. Two 150s will fit in a single 40 foot sea container.

I figure I have about 55K into Mary Lou.

Let's see... Bought for 18k
Radios... about 15K with labor
Lighted wingtips.. 1.4 k
New carb... 1.6 k
Mag overhaul... .76 k
Seats/carpet... 1.6 k
VG's... .7 k
Cowling and camlocks and painting... 1.3k
Wig Wag installation... 1.2 k
El Reno oil filter... .28 k
Replace/repair failed instruments... 1.3 k
Top overhaul in 2005... 5 k
Annuals... 6 K
Replace transponder... .85
LED Beacon... .4 k

There's more, but ya get the drift...


54.99 K over six years, not counting oil, gas, insurance, and incidentals - easily over 60 k.


Oh yeah..... and landing fees that have come from airports in Pennsylvania and other places.... hmmmmmm.