a lot of owners/sellers have inflated values on what they think there
aircraft is worth..

A C-150 like that, the engine is 1/2 the value.. at least..

they paid that much so it must be worth that much.. they forget that they
used up equity in the engine, and they did not pay themselves into an engine
fund.. so they have no cash value to set aside to reflect the engine cost or
rebuild it

BT

"wise purchaser" wrote in message
oups.com...
Grreetings!!

I am returning to aircraft ownership after 15 years. the other day, I
was looking to purchase an airplane that I saw advertised. The price
and features looked real good, EVERYTHING i wanted!! except it had a
run out engine. over 2100 hrs.

they we're asking about $ 28,000 for the plane (cessna 150 with all the
bells) I thought the price was good??? was actualy going to purchase
the plane. I called the seller and we spoke a bit on the phone. told
them I was VERY intrested and would give an offer.

Putzing around last night, surfing the web I found out about AOPA's
Vref and NAAA evaluator. Just for FUN I entered the information on
the plane for $ 28,000

WOW!!!!!!!!!!!!!!!!! the airplane was only ( V ref & NAAA) worth $
12, 500 to 13,500 bucks! the run out engine hurt the value of the
plane big time !

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

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,

I told him the Vref and NAAA numbers but he went into orbit ( think he
has had others say the same bad news)

I told him that I was NOT trying to Ripp him off , but trying to pay a
FAIR price for his plane.

Am I wrong or out of line in this matter?? I think that if a BANK, or
insurance company is only going to loan / insure $ 12,500 to 13,500
dollars for an airplane then THATS all its TRULY WORTH!!!

I think my offer of $ 18,000 dollars CASH was more than fair for the
plane. that's $ 4500 bucks over the Vref and NAAA value.

PLEASE provide comments if I am wrong in this matter, then I can re
-offer but some how I think someone is looking for a fish to fry!

THANK GOD for V ref & trade a plane NAAA as I would have paid the
$ 28, grand give or take!

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