A aviation & planes forum. AviationBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » AviationBanter forum » rec.aviation newsgroups » Owning
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

HELP! To buy or not...rough 63 aztec for $25,000



 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old December 23rd 03, 03:43 AM
david
external usenet poster
 
Posts: n/a
Default HELP! To buy or not...rough 63 aztec for $25,000

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.
 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Gear problem in an Aztec PA23-250 Robert Borucki General Aviation 3 December 17th 04 07:08 PM
WTB: Piper Aztec C Jim Burns Aviation Marketplace 0 July 20th 04 07:38 PM
PIREP: 2I3 (Rough River State Park, Falls of Rough, KY) Kyler Laird General Aviation 0 March 1st 04 12:11 AM
Piper Aztec handling qualities John McFarlane Owning 1 October 3rd 03 04:11 PM
rough engine just after power reduction Sydney Hoeltzli Owning 11 July 30th 03 03:37 PM


All times are GMT +1. The time now is 05:31 PM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 AviationBanter.
The comments are property of their posters.