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If I may make a suggestion, Bryan, whichever airplane you might ultimately set your sights on have the owner set up an appointment for a owner's assisted annual and then you, the owner and I/A can go through the airplane together eliminating all surprises. Of course, if you set your sights on this airplane the I/A that I would whole heartily recommend would be Steve Pankonin. [stevesaircraft.com].

To sweeten the deal if you want to look at Randy's airplane you would have a choice of places to sleep, vehicles to drive, and in our case, an airplane to use if need be!

Bill

I can honestly say that there are MANY folks in this club whose opinions I would consider as almost my own if I could not see the aircraft personally. I have the added ease of working for an airline so going to look is a piece of cake really and costs little.

Sir: I am a perennial looker, and always see "my airplane" going to someone else. But I'm bound to ask. Those of us who aspire to ownership, from your own experience, please: On a 150/152, how much for insurance? Is it like auto insurance,liab. or comp.? Can low-time owners even get insurance? A&P's, are they like lawyers, they're on retainer as well as piece-work? A guy buys your airplane for 20 thou, how much does he realistically have to have in pocket to get it onto home field (use yours or KHOB as a reference)? Thanks! Dennis

Insurance for my plane runs about $500/year (plus or minus, it varies each year). That includes not-in-motion (aka parked on the ramp), and in-motion (taxiing, landing, or flying) coverage. It is significantly less than my auto insurance.

Things that affect the rate is pilot experience (hours), time in type, where the plane is kept (tied down or hangared), how much hull value you place on your plane (replacement cost), and what sort of coverage you want. Some people even go without insurance, but that would be up to you. There is no requirement (like in auto insurance) to even have any, and no mandated minimum level.

Dennis,

When I bought my 150 I had close to 200 hours of flight time, my partner had about 100.

The plane had to be ferried from Colorado to Texas. I found someone that did it for the cost of one hotel night plus a cheap ticket back him. I think it was less than $500, including gas. Sounds like it will cost you less with some of the offers here. I didn't feel comfortable doing the flying at the time since I hadn't flown in a while. Anybody can get insurance, but it will cost a little more for a low time owner. I found going through an outfit like Falcon Insurance, who are brokers and carry many different product lines, results in a lower rate. Different companies specialize in different coverages, so it pays to shop around.

Insurance was about $650/yr, including maybe $20K hull. My insurance now is around the same but for a 172 with $35K hull coverage. The mount of hull coverage makes a big difference. I could probably get another $100 to $200 off by lowering the amount covered. However, I live in an area where hail damage is a very distinct possibility and would rather be cautious about this. I have my plane tied down outside. You buy liability, which covers if you damage something else, and hull, which pays for something happening to your plane, kind of like liability and collision on your car.

My first annual was around $600-$700. Nothing major found. They have been like that since I got my 150 and now with my 172. Last year I installed a spin-on oil filter in my 172, so I spent a little more.

I'd budget at least another $2-3K for unforeseen things. I didn't spend that much, but I got lucky. Better to not have to pay something you planned for than the other way around. Of course, a lot has to do with how good the plane you buy is to begin with.

Good suggestion Bill! Bryan, I would be more than happy to fly the airplane over to Steve's so you can have him annual it. Steve has an excellent reputation in the region!

Randy

Dennis,

I WISH!!!!!!

No, it is power by the hour.

Annual Inspections are usually a fixed price. Then any thing found unairworthy and needs repair, that cost is per hour rate. Also, any additional maintenance or added mods are per hour rate.

Annuals are either you A&P/IA does the whole thing, or an Owner Assisted Annual. The owner assisted Annual will cost less for the Annual fee. Because you do all the grunt work.

Thank you. Everyone for all the feed back and offers to assist. 1 step at a time. Someone is planning on taking a look at it for me soon so we will see what he has to say. As far as a mechanic, not sure if it is the same person, but Dan has suggested one if we get to that point. Not bad looking, about midtime engine, lets see what's under the hood :-)

Also may get an opportunity to take a look at Sandy's 150D next week since I have to travel to ORL "AGAIN" for work. It's only 1.5 hr away from there. Both look very enticing and well kept.

On the insurance topic. I also received quotes from Falcon and a few others. They are the best value just over $500. I have 200TT and about 100 hours in type (well 152). Insuring $20k. There were a few but I think this one was U.S. SPECIALTY INSURANCE who also insures big truck lines with big liability etc. I looked them up. Seem to be a very healthy company.

Jim C. Of course it helps... that fact that we have actually met... TWICE. haha. Yeah... My wife and I are Cessna150152 Club groupies... following around in our CAR to flyin's :-P My poor poor wife. What a blessing she is for being so patient with me in this. She has never even had the opportunity to sit in front and take control of an airplane yet. One day. Soon. Then I'll probably have to fly right seat. :-O

Bryan,

On the subject of annual inspections, only A&Ps with "IA" rating (Inspection Authority) can sign off an inspection.

Thank you all. Dennis