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| | Joined: Oct 2011 Posts: 948 Member/750+posts | | Member/750+posts Joined: Oct 2011 Posts: 948 | I need help determining if the price is right for this aircraft.
1974 150L
TT 4865
SMOH 228
new cyclinder
MX 300 Nav Com
RT 241A Transc
AT 50 A Transponder
Annual 5/1/13 ( we have folks in the chapter that can do the annual)
Asking $10,000
I'm considering getting some folks together and buying this to begin a flying club for our youth avaition program.
Your thoughts?
John
Where ever you go preach the gospel of the LORD,
and if you have to, use words.
| | | | | Joined: Sep 2006 Posts: 8,775 Likes: 300 Member/7500+posts | | Member/7500+posts Joined: Sep 2006 Posts: 8,775 Likes: 300 | It sounds awfully cheap, to me. Have you seen it? | | | | | Joined: Apr 2005 Posts: 9,802 Likes: 113 Member/7500+posts | | Member/7500+posts Joined: Apr 2005 Posts: 9,802 Likes: 113 | I've seen planes this cheap...for a reason.
Corrosion.
Significant engine problems (despite low SMOH numbers)
Corrosion
Ratty Interior
Corrosion
Missing logs
Corrosion
"Annual with sale"
Recent Corrosion X treatment.
All the corrosion X in the world will not restore flaked-off metal.
You get what you pay for.
I wouldn't bite without a good knowledge of the plane, inside and out. It might be a deal such that you cannot afford.
Gary Shreve When writing the story of your life, never, ever let someone else hold the pen. [ Linked Image] | | | | | Joined: Feb 2009 Posts: 2,706 Likes: 155 Member/2500+posts | | Member/2500+posts Joined: Feb 2009 Posts: 2,706 Likes: 155 | Yeah... seems like Tim Noto sold his plane almost that cheap. You know, the one I'm paying parking on that's currently sitting without engine or paint.
Kidding aside, if you could part the airplane for the purchase price, its hard to go wrong. Someone may buy it just to hang that low smoh engine on an export.
N18506 C-150L overhaul project
N5275G C-310A flying ecological disaster
N37BZ fast wrong way 150
N383FM kerosene burning insanity
N55HL you bought a what?
| | | | | Joined: Feb 2008 Posts: 13 Member | | Member Joined: Feb 2008 Posts: 13 | | | | | | Joined: Oct 2011 Posts: 948 Member/750+posts | | Member/750+posts Joined: Oct 2011 Posts: 948 | Came through a QB contact. Owner lost his medical, only a bit of surface corrosion from bird crap on a small part of the wing.
I have seen pictures, and the plane is close so I can go and see it tomorrow.
It was flown recently, runs well.
I agree, at least parting it out would be $ ahead.
I'll take more pictures when I go and inspect it with the logs.
John
Where ever you go preach the gospel of the LORD,
and if you have to, use words.
| | | | | Joined: Apr 2005 Posts: 9,802 Likes: 113 Member/7500+posts | | Member/7500+posts Joined: Apr 2005 Posts: 9,802 Likes: 113 | There's nothing like putting your eyes on it, John. I hope it's in excellent condition, and that it's something that'll fit what you're wanting to do with it.
Knowing the owner lost his medical and is selling to someone local makes me not so suspicious of the condition versus the low price. Good luck!
Gary Shreve When writing the story of your life, never, ever let someone else hold the pen. [ Linked Image] | | | | | Joined: Mar 2004 Posts: 12,760 Member/10,000+ posts! | | Member/10,000+ posts! Joined: Mar 2004 Posts: 12,760 | Great shot, Brad!  You learn quickly! 
Message sent from a rotary pay phone... Bengie [ Linked Image]
| | | | | Joined: Jun 2011 Posts: 19,138 Likes: 2326 Member/15,000 posts | | Member/15,000 posts Joined: Jun 2011 Posts: 19,138 Likes: 2326 | I've seen planes this cheap...for a reason.
Corrosion.
Significant engine problems (despite low SMOH numbers)
Corrosion
Ratty Interior
Corrosion
Missing logs "I have the logs somewhere"
Corrosion
"Annual with sale" Annual last week for sale.
Recent Corrosion X treatment.
I looked at that plane a couple of years ago! The corrosion was fizzing and dripping out the seams and the owner wanted me to come on a test flight with him. Even in my rookie state I knew that one was a bad one. Fortunately my phone rang and it was a client with an emergency which allowed me to gracefully withdraw. | | | | | Joined: Oct 2012 Posts: 482 Likes: 2 Member/250+posts | | Member/250+posts Joined: Oct 2012 Posts: 482 Likes: 2 | Might be a little Oxidation too | | |
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