Club Homepage Forums Classified Ads Buy & Sell - Everything But Airplanes 1970K Opinion needed

When the price of a 150 can go over 33k, such as this case, many buyers at the low end find entry harder to afford. I have been looking for an aircraft for better than three weeks with my checkbook at the ready. I could buy this bird, but I agree with the general trend of this thread that the price is too high. Be it 150,172,182,or Mooney,the prices that are being asked seem high. Consequently,I am starting to look at the Zodiac 601,along with the RV-6,as a two place alternative,in other words a home build. I must admit however that my desktop background picture is a beautiful Cessna 195, now on Barnstormers for sale. Oh my!! A round engine for me would mean I could go home again. Sigh!!

Carl,

Using the aircraft's serial number, you can come up with the N number it should have been registerd with.

In this case, that would be N5661G.


http://www.aviongoo.com/aviongoo/list_faa_owners.php?mfr_mdl_code=2071822

I missed something too. The ad states "new rear case" as part of the engine overhaul.

I guess the price isn't too far out of line, provided that the airframe has been gone through and shouldn't need any major work for a while. If the plane is really like new, then it is worth it to some people to pay a premium for it. A complete annual inspection by an uninterested party along with a careful examination of the logs, not just a pre-buy might be a good idea in a case like this.

Well, I guess I'll buck the trend here,, It looks fairly nice,, to me the radio's are a bit dated and that to me drives the price down a bit. I know everyone wants a good deal,, and I know you can buy them for less then the 33,000. But looking a many planes in the past few years,, I haven't seen many with a low time engine,, paint that looks in excellent shape, and an interior to go along with it. There are 2 ways to do this,, buy one at the lower end,, most don't have a good setup on radios, either the paint is not, or the engine has more time on it,, so buy low,, get the plane up to what this one looks like and you'll be into it for more then the 33,000 asking for this one. That is, unless someone does the work themselves, but most can't do that. So, my thoughts are that this is a bit overpriced due to older radios. 33,000, I wouldn't pay that, around the 30,000,, well if I was looking this one would be worth my attention. Fred,, a different way of looking at it. I know you've got a nice one,, take your original costs,, add in the panel upgrades you've got,, I'm not sure where your engine hours are,, but if it's in the low time hours I bet you're pushing that 33,000. I know I am,, plus some. Now why would I do this? Well, because I like it the way I've got it. Things to watch for,, newer paint hey,, was it done by a good paint shop,, fully stripped and all that good stuff. A quicky paint job looks good, but just will not stand up against time very well. Engine,, done by a firm that is reputable,, otherwise things that should get changed out aren't. Serviceable parts just means they are okay to use when inspected,, but they can be 98% gone,, but still within tolerance. New interior,, now what does that mean,, old parts fixed up and repainted to look new? many call that new,, but it ain't. This typically does have a shorter life span then,, all new plastics put in. This stuff seems to get brittle with age. Corrosion is a biggy,, and at times difficult to spot. Lastly,, I'll wait till Rob posts more info about his import and the problems he's having currently with his prop,, but in a nutshell, does the hardware listed as installed, serial numbers match and when was it last looked at.

Here's an example of a lower priced one,, says new plastic and stuff like that,, look closely and just from the pics you'll see that the plastic isn't quite as new as some state. I'd have to say that from listings I look at,, 65% to 85% are incorrect with this kind of info. That or the pictures don't match actual condition,,

cessna 150 [aso.com]

The price is low mind you,, this ones going to cost money to get it to the condition of the one your friend is looking at,,

Yes, I came up with N5661G as well. "N" numbers were assigned in blocks, so It's not hard to figure out, using serial numbers before and after the one in question! The problem is N5661G no longer shows up in the FAA database as a Cessna 150! It was "deregistered" to the original aircraft, and is now reserved for another aircraft. FAA archives are organized by "N" number, not serial number. Requesting information on N5661G will now draw a blank!

There is no easy means of finding the original history for N5661G, except maybe through the freedom of information act, and then only if the previous information is archived in the Library of Congress.

Your link shows s/n 15071161 as N311SG... same as the FAA database!

I am always suspicious of advertising. That's why the admonition to get a good look at the logs. I don't know that there are specific rules about what you can advertise as SMOH or STOH.

Regarding the price, be sure and haggle. I am not good at it, but my partner is deadly. When we bought Juliet she was advertised at $17,000 (and had been advertised higher), which, given what we knew about the airplane at the time (and even given what we have learned since) was a pretty good price. I was ready to write the check. My partner up and offered $15,000 (I was trying to kick him in the shins, nice plane, good price, don't rock the boat). The seller countered with $15,500, and it was a done deal!

Asking price is not what the seller is willing to take.

Reg

Good comments... the Ad you showed Lionel is my point... 1600 hours to a 1800 TBO and poor radios... an engine overhaul and you'll be near $30k investment, not counting all the other "frosting" stuff, like interior, plastic, paint, seats...

I paid $28k for my plane with new paint, interior, and decent panel and 86 hours smoh... I have about 140 now...

You can add up the items in my panel and accurately estimate that I'm over $40k into this plane. But, I can "see" the investment everytime I fly... works for me... but, I've maxed out anymore $$'s into this one...

I gotta run up to Prescott, AZ to look at an Aeronca Chief!!

bye..

You aren't speaking for me when you say that. To me the price is the price. If I'm not going to mean what I say, I'm not going to say it! I don't expect to be haggled, and I don't haggle with anybody else!

I'd be interested in why the overhaul was so expensive. My 150K is currently in the final stages of the MOH and my bill was $12,000. I figure I'll put mine on the market after I put about 200 hours on her and I plan on asking around $26k. This bird is very nicely equipped but I think the price is a touch high. Maybe the current owner caught a bit of "upgrade fever" and is going through a little buyers remorse at this point.