ORVAL FAIRBAIRN wrote:

In article ,
"Dude" wrote:


"Steve Foley" wrote in message
...

Figure out what it would cost to pay to get it fixed, and what it would be
worth after the repairs. Subtract the repair cost from the final value -
that's what you should pay.

If you do the work yourself, you should pocket the savings, not the
current
owner.


That will get you the high end value.

Another thing to do is factor in risk. In this case, Chuck and his buddies
have less risk because they know the plane. However, the likely sales price
is what someone else, who doesn't know anything about the plane other than
what they can see or pay to find out, is likely to offer.

The second method will get a low end, where they should probably start their
negotiations.



If the operator has been cutting corners on maintenance, you could be
surprised at the kind of fleas hiding in that dog! I would expect worn
gear trunions, old hoses, leaky fuel bladders, corrosion, a prop that
needs expensive AD compliance, crazed glass -- just to name a few
starters.


That's what I was thinking, and why to me the value of the plane would
be $0.