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Partnership Question
I hope this is the right newsgroup for this question ---
An A&P mechanic at the flight school I am attending is considering buying a 172M (75/76 model). He is looking for a partner that will pick up the tab for all maintenance - that is buying repair parts - he will do the labor. While I haven't seen the 172, I suspect that it has not been taken good care of. He said it needed painting and a lot of interior work. I have no idea what condition the engine is in. My question is, is this a reasonable agreement? I know that there are probably a lot of questions that need to be answered before a definitive decision can be made, but good guesses at this point would be more than welcomed. BTW, I am not independently wealthy :-). Thanks, Harry San Antonio, TX |
#2
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For the two aircraft I have owned, my maintenance costs tend to be about 10-20% labor and 80-90% parts, so I would not consider such an arrangement equitable. I also stay far away from "fixer-upper" aircraft. I believe they cost you far more in the long run than buying a well-maintained aircraft to begin with. Happy landings, Ross Oliver |
#3
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As long as when it's complete it's an 80/20 partnership in your favor!
Wayne "Harry Gordon" wrote in message ... I hope this is the right newsgroup for this question --- An A&P mechanic at the flight school I am attending is considering buying a 172M (75/76 model). He is looking for a partner that will pick up the tab for all maintenance - that is buying repair parts - he will do the labor. While I haven't seen the 172, I suspect that it has not been taken good care of. He said it needed painting and a lot of interior work. I have no idea what condition the engine is in. My question is, is this a reasonable agreement? I know that there are probably a lot of questions that need to be answered before a definitive decision can be made, but good guesses at this point would be more than welcomed. BTW, I am not independently wealthy :-). Thanks, Harry San Antonio, TX |
#4
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In article ,
Harry Gordon wrote: 172M (75/76 model). He is looking for a partner that will pick up the tab for all maintenance - that is buying repair parts - he will do the labor. While I haven't seen the 172, I suspect that it has not been taken good care of. He said it needed painting and a lot of interior work. I have no idea what condition the engine is in. Well, figure a factory overhauled O-320 would be about $12,000 and misc parts that go with it would be another few thousand, and once you paid to have it installed the total bill might be $18k or so. So maybe $3k in labor and $15k in parts. An engine may be the worst case, but even extremely labor intensive jobs favor the equipment. Avionics West just told me that it would take about 60 hours (@ $100/hr) to install a $7500 S-Tec 30 autopilot. More labor for the S-Tec 50 (same features, separate control head). You'd almost break even there, assuming your friend's labor is worth that much. -- Ben Jackson http://www.ben.com/ |
#5
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Gentlemen,
I want to thank you for your responses. You have pretty much confirmed what was going through my mind. This had that ring of being "too good to be true" offer, and you know what that means :-). I think I will keep my options open and look elsewhere. Thanks again. Harry "Harry Gordon" wrote in message ... I hope this is the right newsgroup for this question --- An A&P mechanic at the flight school I am attending is considering buying a 172M (75/76 model). He is looking for a partner that will pick up the tab for all maintenance - that is buying repair parts - he will do the labor. While I haven't seen the 172, I suspect that it has not been taken good care of. He said it needed painting and a lot of interior work. I have no idea what condition the engine is in. My question is, is this a reasonable agreement? I know that there are probably a lot of questions that need to be answered before a definitive decision can be made, but good guesses at this point would be more than welcomed. BTW, I am not independently wealthy :-). Thanks, Harry San Antonio, TX |
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