Almost Taken to the cleaners!

A Cessna 150 with a runout engine for $28K? He has to be nuts. A buddy
in the hangar behind me has bought several 150's with mid time engines
for about $16K. No 150 is worth $28K unless it's sporting a Garmin 430
and an autopilot and a factory new engine. Keep looking.




wise purchaser wrote:
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 !