Right now, you have insufficient information to make that decision.

$28K seems high, compared to the fleet average of 152's. Condition and
equipment are everything in the plane market. 600 hrs on the engine isn't
bad, but it could be better. How many airframe hours? Most 152's have much
higher hours than 150's do, because most were purchased in the go-go days of
flight training in the late 70's.

You mentioned nothing of the avionics. Granted, you can't stuff too much in
a 152, but if you have brand-new Bendix KX 155's in it, with a KLN 94 IFR
certified GPS or a Garmin 430, and you're beginning to total up some bigger
bucks.

You need to see what's out there. Check www.aso.com or www.controller.com to
see the general price ranges for your year and number of hours and
equipment.

If you're getting serious, get an online subscription to Trade A Plane. It's
relatively cheap compared to the paper copies. On their website (with
subscription) they have a very good appraisal tool that lets you spec your
exact plane's equipment, airframe, paint, and interior condition.

Carl


"rajek" wrote in message
m...
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.

Thanks!