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#1
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I'm starting a club and soon our members will meet to discuss our top
10 planes. 1 of the planes being considered has been in an accident where the bird flipped over (C172). The repairs were preformed as needed and the plane has been flying for many years. Should a club consider this plane (even if it has been ok'd by an independent A&P) or stay away from damages that might throw a gray cloud over the value of the shares and the safty of the club. |
#2
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Whenever buying a plane with damage history, extra diligence is called for.
If the plane has many hours, and a few years since the repairs. And, if it all still checks out, then safety is likely not a concern. So long as a good AP can check out the 337's, and see that all the work is good (this may mean looking under some panels), you are probably getting a good bird at a bargain. Marketability may be an issue though. "5pguy" wrote in message oups.com... I'm starting a club and soon our members will meet to discuss our top 10 planes. 1 of the planes being considered has been in an accident where the bird flipped over (C172). The repairs were preformed as needed and the plane has been flying for many years. Should a club consider this plane (even if it has been ok'd by an independent A&P) or stay away from damages that might throw a gray cloud over the value of the shares and the safty of the club. |
#3
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![]() "5pguy" wrote in message oups.com... I'm starting a club and soon our members will meet to discuss our top 10 planes. 1 of the planes being considered has been in an accident where the bird flipped over (C172). The repairs were preformed as needed and the plane has been flying for many years. ^^^^^^^^^^^^^^^^^^^^^^^ This is the key point. The chief risk with a repaired bird is the repairs not being done properly, and in this one case time is on your side. The longer ago the repair, the more likely any problems with it have exposed themselves. Of course, cue broken record, these areas should receive extra attention on a serious pre-buy. Otherwise, a plane with "bad credit" can be a good investment since so many buyers won't even consider them. As a result, God only knows how many planes are sold "No Damage History" with repairs that never made the logbooks. I'll bet if you computed the % of planes in the fleet that *should* have a damage history versus the % of ads in TAP that say "NDH" you'd find a significant gap. -cwk. |
#4
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![]() "Colin W Kingsbury" wrote in message ink.net... As a result, God only knows how many planes are sold "No Damage History" with repairs that never made the logbooks. -cwk. I had one I looked at that the FAA showed an accident with "significant damage" and there was no log book entry or 337s that it was every repaired. Walked away from that one. Do an accident/incident on any plane you're looking to buy. |
#5
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![]() "OtisWinslow" wrote in message ... "Colin W Kingsbury" wrote in message ink.net... As a result, God only knows how many planes are sold "No Damage History" with repairs that never made the logbooks. -cwk. I had one I looked at that the FAA showed an accident with "significant damage" and there was no log book entry or 337s that it was every repaired. Walked away from that one. Do an accident/incident on any plane you're looking to buy. A good idea, but isn't failure to report/log such things a felony? |
#6
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![]() Matt Barrow wrote: A good idea, but isn't failure to report/log such things a felony? No. George Patterson He who tries to carry a cat by the tail learns something he can learn in no other way. |
#7
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On Fri, 18 Feb 2005 16:59:54 GMT, George Patterson
wrote: Matt Barrow wrote: A good idea, but isn't failure to report/log such things a felony? No. It would be nice if it was. |
#8
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A decent shop should be able to determine whether the repairs have been
done properly. If so, you could probably get the plane at a discount from normal price which minimizes your capital investment and leaves room for some upgrades. You'll get a little less than you sell it but so what since you already have your discount in hand. |
#9
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A club I "know of" in the last year had a gear up in a C177RG (pilot
error), a prop strike in a Citabria on bounced landing, prop strike in an Arrow (guy ran over the taxi lights taxiing after a night landing), and a Cherokee 180 basically totalled in an off airport landing (guy ran one tank, then the other dry before looking for a place to set down). Not a one of these shows up in searches of the NTSB or FAA databases . . . I'm not sure about the first three, but I'm sure a totalled $60,000 airplane caused by running it out of gas is required to be reported. A good idea, but isn't failure to report/log such things a felony? No. It would be nice if it was. |
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