Doesn't sound like a good first plane to me. First, you have no idea of
what everything will cost to fix. Second you seem concerned with the cost
of the fuel burn, this will turn out to be a trivial expense in the scheme
of things. The only way it might make sense is if you NEED a twin, can fly
it "as is" (after replacing the cylinder) and plan to sell it in a few years
cheap.

Mike
MU-2

"david" wrote in message
...
I have a chance to buy a 63 aztec in rough condition. It would be my
first plane. Engines have 1200 smoh but one has a cracked cylinder.
(estimated repair, $5000?) Paint is poor. ($5000 estimate?) Interior is
poor ($5000 estimate?). Brand new props. Only 1 nav/com. older avionics.
Auto pilot broken. It was used as a survey aircraft and has a certified
hole cut. I could potentially use it for aerial work as my company subs
about $50,000 in photography per year (5 jobs). I have a good pilot to
split costs with. He has the commercial rating and would fly while
working. Insurance would be $10,000 for the commercial type. I am a bit
concerned about the
$80/ hour fuel burn and the potential for gremlins on an older not so
well maintained airplane. The price seems very reasonable which is the
main motivation for buying. 25,000+5000+5000+5000= $40,000 for a aztec
with new props, survey hole, new paint and interior. Am I missing
something? Is this a good deal? Most of the similar year planes I have
seen are about $80,000. My buddy is an avionics repaiman and would
thoroughly check the plane prior to the purchase. Could it be resold at
a profit if I needed to? Please give any advice as I don't want to make
a big mistake. Thanks in advance.
David

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