David Megginson writes:

The Weiss Family wrote:

Ouch!
I definitely couldn't afford that right away on top of all the other
expenses.
This limits the field of potential aircraft to low-time (or mid-time)
engines.

Not necessarily -- if the market is working correctly, the difference
between the cost of a plane with a new engine and a plane with a
run-out engine should be about equal to the cost of an overhaul.

From my experience the market isn't working w.r.t. discounting the
price of an airplane with the engine near TBO. When searching for my
airplane, I found two very similar models to the one I eventually
bought, and rejected them both when the owners wouldn't discount their
selling price because of the engine time. I found an airplane with a
low time engine (done by a very well known overhauler) for just
$2000-$3000 more than what the other two wanted.