cost of ownership

David Megginson wrote:

Not necessarily -- if the market is working correctly, the difference
between the cost of a plane with a new engine and a plane with a run-out
engine should be about equal to the cost of an overhaul.

My experience from perusing the ads is that the difference in price is about half the
actual overhaul cost.

George Patterson
I childproofed my house, but they *still* get in.

By the way, the plane we bought had a low to mid time engine, 700hrs on
a 2000hr TBO, Lycoming IO-360. It still needed an overhaul, and not
just because of the damage done by the prop strike.

The term "buyer beware" has incredible significance in this market.
Keeping an airplane in good shape is expensive, and not everyone does
more than they absolutely have to. Don't buy the cheapest plane you
find, don't believe ANYTHING the seller/broker/whoever says without
written proof, and don't go it alone---find a knowledgeable friend who
has been there to walk through it with you. You need someone on your
side. If you don't have a friend like this, go make one!

Lastly, don't believe anything you read on the Internet. Read Ron
Wanttaja's book about airplane ownership, it will put you on the right road.

Elwood