Lost log books

Aluckyguess wrote:

All in all the owner will not sell it for what I want to pay for a plane
with no logs. I would have no problem flying it with a good pre-buy.

The price is the real problem! With an airplane, I think you've got to
think about when YOU are going to sell it as you negotiate a price. G

My co-owner and I just went through the same issue. We're looking to
move from the Sundowner to a faster craft. The subject of our interest
had lost logs in 1986, with an owner who's lost his medical. Based on
the details, and the overhaul date of the engine, we're quite sure it
was gear-upped. We really didn't have a huge problem with the log
restart, as it's been through 19-20 annuals. We figured by now any
shoddy repairs should have shown themselves.

Our problem was that the current owner did not take a lost log hit off
the price when he bought it several years ago, so he can't sell it for
what it's really worth. We felt that the fact the airplane had not sold
for a what our research shows was a very good to downright cheap price,
if it had complete logs, was real proof that we'd have a problem later on.

Aluckyguess wrote :
Am I wrong in thinking that if you have and annual done
and the mechanic signs it off.

That's the expensive part. Without any logs, the mechanic will
have to redo or visually verify every AD that has ever been issued for
the plane. On top of that, even after that is done, the resale value
is going to suffer until the plane has built up many years of well
logged maintenance.

John Galban=====N4BQ (PA28-180)


--
JGalban
Posted at www.flight.org

Grumman-581 wrote:
s.com, Lou wrote:
I would hope someone was smart enough to buy a fire proof safe for that
room.

One might hope... One might also be mistaken... grin

I had my plane on leaseback with a FBO quite a few years ago... The logs
were definitely not kept in any sort of fireproof safe... Come to think of
it, how many of us here even keep our logs in a fireproof safe?

Me! Well, maybe not fireproof, but all logbooks except the current
airframe and engine are in the safe deposit box at the airport. Along
with a CD containing scanned images of every page of all the books.
At home, the current books are in my small fire "resistant" box in
the basement along with computer backups.

Yes, I'm paranoid. But then I've been doing software for so many years
I don't even notice I'm paranoid any longer.

In article ,
Grumman-581 wrote:

Come to think of
it, how many of us here even keep our logs in a fireproof safe?

I do. I bought the safe precisely because I wanted to protect the logs

--
Bob Noel
Looking for a sig the
lawyers will hate