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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 *** Sent via http://www.automationtools.com *** Add a newsgroup interface to your website today. |
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