| | Joined: May 2004 Posts: 55 Member | | Member Joined: May 2004 Posts: 55 | I came across a very nice 1983 C152 II. I haven't checked the background yet but the seller claims 5600TT, no damage, only one owner, all logs, 8/10 in 6/10 out, 2700hrs SMOH on condition engine, commercially maintained.
The asking price is $24000 USD. Is this a reasonable pice for a timed out c152 II? I know it really depends on a number of other issues. My main reason for hesitating is that I'm in Canada so I'm looking at another $7500USD to get it into the country, inpsected and registered. so now we're talking about $32000USD for a timed out 152.
It's the pedigree thats really making me consider this plane but the cost is making hesitate.
I guess I'm just fishing for some input of any sort. | | | | | Joined: Dec 2003 Posts: 25,455 Likes: 1006 Member/25,000 posts | | Member/25,000 posts Joined: Dec 2003 Posts: 25,455 Likes: 1006 | The seller is asking WAAAAAY too much money. I plugged the specs into the VREF Calculator at AOPA (which usually gives a price a bit higher than actual market price) and it came up with $18,540. Below is the details:
- Price of the "average" 1983 152 with standard equipment, 7/10 Paint & Interior, 1200 SMOH (half-life left), 6100 TTAF, is $24,750.
- They added in the credit for low-time air frame at $.54/hr. So, (6100 - 5600) x .54 = $270.
- They deducted the run-out engine at $5.4/hr. So, 1200 x <$5.4> = <$6,480>.
- The adjusted value for the plane you're looking at is: $24,500 + $270 - $6,480 = $18,540.
Considering the price of an overhauled Lycoming O-235 engine is $13K, and a remanufactured one is around $15K-$18K. I think you can find a better deal somewhere else. | | | | | Joined: Dec 2003 Posts: 87 Member | | Member Joined: Dec 2003 Posts: 87 | so now we're talking about $32000USD for a timed out 152.
Add $10000 to $16000 USD for an overhaul. Not worth that kind of $$$ IMHO Ron N5282B 1980 C152 w/ 120hrs SMOH | | | | | Joined: Jan 2004 Posts: 18,962 Likes: 3 Member/15,000 posts | | Member/15,000 posts Joined: Jan 2004 Posts: 18,962 Likes: 3 | Pass this one up!  Be patient!  There are better planes for less money out there!  Carl  | | | | | Joined: May 2004 Posts: 55 Member | | Member Joined: May 2004 Posts: 55 | Thanks everyone for your input. This grasshopper must now go and meditate  | | | | | Joined: Jan 2004 Posts: 11 Member | | Member Joined: Jan 2004 Posts: 11 | Well I don't know if this is the place to mention this but my 1978 152-II is up for sale. TTAF approx. 2300 and TSMO around 650. This plane is an 8/8 with an aeroenhancements walnut panel and custom seats. The AOPA has the value at $43,000 - Pictures on request but there are a few on the club web site. Plane "N" number is:796BG
James | | | | | Joined: Dec 2003 Posts: 8,433 Likes: 3 Member/7500+posts | | Member/7500+posts Joined: Dec 2003 Posts: 8,433 Likes: 3 | And how many airplanes do you get for $43,000? Two, or three?
Charles | | | | | Joined: Jan 2004 Posts: 11 Member | | Member Joined: Jan 2004 Posts: 11 | Ok, but minus the wings .....
I understand Chuck but as you know, Cessna's unlike cars appreciate in value plus what you put in them enhances the value - low time on both airframe and engine also are a plus ... AVEMCO took the value from AOPA and insures the plane for that value .... | | | | | Joined: Jan 2004 Posts: 11 Member | | Member Joined: Jan 2004 Posts: 11 | .... I should interate though that I am not selling the plane for that much - I am realistic. I figure somewhere around 29,500 to 32,000 - you saw the plane at Clinton, right?
You got yer pillow-back SUV seats, BMW walnut panel .... killer paint job - bar, fridge, bedroom .... (just kidding) .... | | |
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