Talk me out of this...

I meant to say "mine would be NOT much higher than that".

Paul Folbrecht wrote:
Expect for the TT figure, that aircraft looks very comparable to the one
under discussion. You're at $28K with a new engine- mine would be much
higher than that. But, then again, it would be higher. I guess I was

Paul Folbrecht wrote:

I guess I was
somewhat mistaken about the cost of overhaul which is obviously a major
miscalulation.

Look in Trade-A-Plane for ads listing rebuilt engines. Add about $2,000 for the
shop labor to do the swap and perhaps $200 for shipping expenses to get the new
one to you and return yours. That will at least give you an estimate.

George Patterson
Love, n.: A form of temporary insanity afflicting the young. It is curable
either by marriage or by removal of the afflicted from the circumstances
under which he incurred the condition. It is sometimes fatal, but more
often to the physician than to the patient.

"Paul Folbrecht" wrote in message
hlink.net...
Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.


Paul: I bought a 1966 C150 last year for $18,500.
4275 TT 300 SMOH Paint and interior comletly redone in 1975 and flown by
one owner since.The 150
certainly has limited space and limited range but it is
plenty for my wife and I.We are both in our 70's so we
don't worry about space for the kids.

I just wanted to give you an idea of what you can find if you really
look.I think you are going to spend big bucks
just to keep this one going. I love my 150 but I wouldn't
pay that kind of money for a run out one.

Best of luck
Bob Barker N8749S

Bob.. did I by any chance chat w/you at the EAA museum a couple months ago??

Robert A. Barker wrote:
"Paul Folbrecht" wrote in message
hlink.net...

Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.



Paul: I bought a 1966 C150 last year for $18,500.
4275 TT 300 SMOH Paint and interior comletly redone in 1975 and flown by
one owner since.The 150
certainly has limited space and limited range but it is
plenty for my wife and I.We are both in our 70's so we
don't worry about space for the kids.

I just wanted to give you an idea of what you can find if you really
look.I think you are going to spend big bucks
just to keep this one going. I love my 150 but I wouldn't
pay that kind of money for a run out one.

Best of luck
Bob Barker N8749S

"Paul Folbrecht" wrote in message
hlink.net...
Bob.. did I by any chance chat w/you at the EAA museum a couple months
ago??


Nope I wasn't there.

Bob

Ah. Talked to a gent about your age who had just bought a 150 for he &
the wife. First name was Bob and if the last wasn't Barker it was
something close to that.

Robert A. Barker wrote:

"Paul Folbrecht" wrote in message
hlink.net...

Bob.. did I by any chance chat w/you at the EAA museum a couple months

ago??


Nope I wasn't there.

Bob

Get an independent A&P to do a compression check on this engine.
Usually, if the engine doesn't use oil and is making good
compressions, it will go another 500 hours, regardless of how many
hours is on it. Also, see if you can find out the history of rebuilds
on this engine. How long has it been since it had a MAJOR, that is new
crank bearings and new camshaft. If it has a fairly new crank and
camshaft, when it does need work, you may be able to get away with
just a top overhaul. If it has been 4000 hours or more since bottom,
you will need a complete rebuild.

Yes the engine is near TBO, but one thing, if you can run past TBO,
the engine hours are "free" as it has already been depreciated.

Plane prices are very soft right now, you should be able to deal down
a bit.

A 152 is a great little airplane. Have you checked out a Cessna 140?
Taildraggers are a lot of fun and always a challenge to fly.

Paul Folbrecht wrote in message thlink.net...
Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.

Ideally I'd like to go into this with a partner but I haven't been able
to find one and I do honestly think they'll unload this aircraft before
too long. Not sure if the price or terms are negotiable but I would
like to try to squeeze a second year of hangaring out of them.

Concerns:

- Engine has only a few hundred hours till TBO. I know that means
dropping another $10K or so within a few years.
- Plane has been abused by students (including me) for 25 years now (the
FBO bought it new).
- The only A&Ps I know that I could have take a look at it work for this
FBO.

Pros:

- The plane flies a lot; I know that's good for the engine.
- The FBO is reputable and I know they do their maintenance and take
care of squawks.

I'm torn in general on renting vs. owning right now. I anticipate
flying about 100 hours/year- by my calculations that's right around the
break-even point. However, knowing you're always going to have an
aircraft available to fly, even on short notice, is something you can't
put a direct dollar figure on.

I know this issue in general has been beat to death more than anything
else here, and I've read a lot of the old threads, but any and all
comments welcome. I'm much newer at all this than most of you here.

~Paul

Don't think I care for the challenge of a taildragger at the moment. I
think that 140 would have been a bear to handle on the icy runways I
dealt with today, for instance.

A 152 is a great little airplane. Have you checked out a Cessna 140?
Taildraggers are a lot of fun and always a challenge to fly.

Paul Folbrecht wrote in message thlink.net...

Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.

Ideally I'd like to go into this with a partner but I haven't been able
to find one and I do honestly think they'll unload this aircraft before
too long. Not sure if the price or terms are negotiable but I would
like to try to squeeze a second year of hangaring out of them.

Concerns:

- Engine has only a few hundred hours till TBO. I know that means
dropping another $10K or so within a few years.
- Plane has been abused by students (including me) for 25 years now (the
FBO bought it new).
- The only A&Ps I know that I could have take a look at it work for this
FBO.

Pros:

- The plane flies a lot; I know that's good for the engine.
- The FBO is reputable and I know they do their maintenance and take
care of squawks.

I'm torn in general on renting vs. owning right now. I anticipate
flying about 100 hours/year- by my calculations that's right around the
break-even point. However, knowing you're always going to have an
aircraft available to fly, even on short notice, is something you can't
put a direct dollar figure on.

I know this issue in general has been beat to death more than anything
else here, and I've read a lot of the old threads, but any and all
comments welcome. I'm much newer at all this than most of you here.

~Paul

Talk you out of it? Easy. The engine is AT TBO... right now. And $10k is
a dream. Figure $15k+ IF there are no major surprises. Even if you get a
cheaped out OH for $10k and do nothing else (alternator, hoses,
baffling, heat shrouds, muffler, cables, etc.), this bird is still WAY
too expensive. The hangar rent is chump change.

Consider a ready-to-go basic airplane for $35k (Cherokee 140, older
Skyhawk, Grumman, etc.). You will be happier in the end.

Good Luck,
Mike

Paul Folbrecht wrote:
Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.

Ideally I'd like to go into this with a partner but I haven't been able
to find one and I do honestly think they'll unload this aircraft before
too long. Not sure if the price or terms are negotiable but I would
like to try to squeeze a second year of hangaring out of them.

Concerns:

- Engine has only a few hundred hours till TBO. I know that means
dropping another $10K or so within a few years.
- Plane has been abused by students (including me) for 25 years now (the
FBO bought it new).
- The only A&Ps I know that I could have take a look at it work for this
FBO.

Pros:

- The plane flies a lot; I know that's good for the engine.
- The FBO is reputable and I know they do their maintenance and take
care of squawks.

I'm torn in general on renting vs. owning right now. I anticipate
flying about 100 hours/year- by my calculations that's right around the
break-even point. However, knowing you're always going to have an
aircraft available to fly, even on short notice, is something you can't
put a direct dollar figure on.

I know this issue in general has been beat to death more than anything
else here, and I've read a lot of the old threads, but any and all
comments welcome. I'm much newer at all this than most of you here.

~Paul


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Paul,

Take a step back and think about your plan for the next year or two. This
plane isn't going anywhere soon, trust me.

Besides tooling around the local area, and the occasional weekend trip, the
next thing you'll probably want to do is start working on your instrument
rating. For that, you'll need something with most of the avionics already
in it. Adding avionics to this plane is probably not going to be worth the
time and money. Also, for not much more you can get something like a
PA28-140 which will be faster and have two extra seats.

In fact, you might as well give this a quick read:

http://www.avweb.com/news/usedacft/181782-1.html

This article is a good reference for cheap planes for various uses.

Still, if you're bent on this particular plane, at least do it right. If
your seller (i.e. the FBO) won't agree to fly the plane to a nearby mechanic
to have it inspected, then walk away, NOW. This is standard practice when
buying a plane, if you skip the prepurchase you've just broken cardinal rule
number one. Take a look on airnav to find airports and shops around your
area, give one a call and see what they want for a prepurchase, most are
fairly reasonable.

best of luck,
mark

"Paul Folbrecht" wrote in message
hlink.net...
Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.

Ideally I'd like to go into this with a partner but I haven't been able
to find one and I do honestly think they'll unload this aircraft before
too long. Not sure if the price or terms are negotiable but I would
like to try to squeeze a second year of hangaring out of them.

Concerns:

- Engine has only a few hundred hours till TBO. I know that means
dropping another $10K or so within a few years.
- Plane has been abused by students (including me) for 25 years now (the
FBO bought it new).
- The only A&Ps I know that I could have take a look at it work for this
FBO.

Pros:

- The plane flies a lot; I know that's good for the engine.
- The FBO is reputable and I know they do their maintenance and take
care of squawks.

I'm torn in general on renting vs. owning right now. I anticipate
flying about 100 hours/year- by my calculations that's right around the
break-even point. However, knowing you're always going to have an
aircraft available to fly, even on short notice, is something you can't
put a direct dollar figure on.

I know this issue in general has been beat to death more than anything
else here, and I've read a lot of the old threads, but any and all
comments welcome. I'm much newer at all this than most of you here.

~Paul