I just bought an IFR certified C152 1979 model for 21,500. Around
1000 on a 2400 engine. Immaculate and in VERY good condition. It has
been hangared for the last 19 years and flies extremely well. I too
was offered the chance to do a lease back with the flight school
locally, but DON'T DO IT unless you want to come out to fly and find
the thing bent, abused and in shoddy condition. Spend the money on
the plane, learn to fly, then sell it and move up.

You can find one that you like for 20 to 25 K easily and you'll be
much happier. The lease back options leave you open for all kinds of
expenses and you have to pay insurance, etc.

Be careful out there.

A new pilot and 152 owner.

Patrick Wilson
www.w4pw.org
68007


Dave Butler wrote in message ...
rajek wrote:
I'm considering buying a 1978 Cessna 152 that the owner is leasing to a
flying club. I'd continue to lease it to the club and learn to fly in
it. (I have 3 1/2 hours now.) I'd hope that plane to earn enough money
to cover most of its maintenance and insurance, including a new engine
in a few years.

I met with the owner of the club this afternoon and we went over some
numbers. The plane and the club's other 152 have done a good job of
earning their keep so far. I could accept not quite breaking even.

I understand that renting is cheaper but I'm really excited about the
idea of owning a plane. I also really like that particular model. I flew
one on my last lesson and it was a lot of fun.

Asking price is $28,000. The engine has about 600 hours since the last
overhaul.

I'd also appreciate any comments or advice.

If you're sure 152 is the model you want, surf over to
http://www.aeroprice.com/. For $20 or so you can get a valuation of the
particular plane you are looking at, or for $50 or so you can get their software
for evaluating as many instances as you like of a particular model (e.g. 152).
The expense is trivial compared to the value of the knowledge.

Dave
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