"Tom Hyslip" wrote in message .com...
I am looking to purchase my first plane, and would like an early 80s Cessna
152. How much should I consider the fair market price for one in descent
shape, that is ready to fly? Also, any idea how much insurance would be
for a C152. I only have around 50 hours, a very new pilot, and I love it.

Hi Tom,

Good luck in your search. Check out http://www.aso.com and
http://www.controller.com for online plane listings. You should be
able to get a good idea of what the market is asking. Many planes are
selling at discounts compared to 1-2 years ago, so it is a good time
to be buying.

Be certain to get a pre-purchase inspection by a mechanic who is not
affiliated with the seller and make sure that all ADs and important
SBs have been complied.

You should be able to find insurance for under $1000/yr for a C152. I
use Wenk Aviation (a broker) to help get a better rate and manage the
insurance process (paperwork and shopping around at renewal).

One last comment - you may want to rent several different makes/models
for a while to get an idea of what you want in a plane.

-Nathan