On 2006-09-22, wise purchaser wrote:
run out engine. over 2100 hrs.

12, 500 to 13,500 bucks! the run out engine hurt the value of the
plane big time !

Yep, the engine is a huge cost to overhaul and its condition has a
dramatic effect on airplane valuation. And sellers are reluctant to
take it into account. I looked at a lot of planes while shopping, and
I don't think I saw any that were sufficiently discounted for tired
engines, but you can bet the owners who were fresh out of an overhaul
were looking to recoup every cent. The best deals seemed to be in
mid-time engines, where the shock of overhaul was in the past (and
priced lower at the time), but the engine still has a lot of time left.

The other features such as STOL, extra fuel , good radios, added little
tto no value to the basic airplane!

Good radios do add value, but there's not that much market for a little
trainer with a super IFR setup. An HSI costs the same to add to a 152
or a 182, but it has a lot more utility in a 182, and buyers will realize
that.

When I called the seller to day with my FAIR offer of $ 18,000 dollars
CASH for the above plane he went NUTS! and started to go crazy on
me, get mad, cussing, etc, etc, etc,

Well, did you make him an offer for $10k more first? I'd be ****ed if
someone negotiated with me and then chopped 1/3rd off their offer.

P.S. The BEST price that I got for and Overhaul is $ 9,000 grand using
the existing I engine.

Are you counting all the labor to take it off, ship it, put it back on,
replace all the misc parts that will come up at the same time? And the
months of downtime?

If you DO buy it (or any high-time engine plane), don't overhaul it just
because of hours... Just take the run time into account if something
comes up that calls for a lesser repair if you think that the lesser
repair would outlast the rest of the engine.

--
Ben Jackson AD7GD

http://www.ben.com/