Talk me out of this...

"Paul Folbrecht" wrote in message
hlink.net...
Me: 7x hour recently licenced PP-SEL.

Plane: '79 C152 being sold by my FBO for $19,200. TT is around 8000 (I
think), SMOH is 2050. Annual just done. This looks like an Ok deal to
me when comparing to like models, but the clincher is that they are
throwing in one year of hangering as well. That makes it look like a
pretty nice deal.

Ideally I'd like to go into this with a partner but I haven't been able
to find one and I do honestly think they'll unload this aircraft before
too long. Not sure if the price or terms are negotiable but I would
like to try to squeeze a second year of hangaring out of them.

Concerns:

- Engine has only a few hundred hours till TBO. I know that means
dropping another $10K or so within a few years.

Actually, I think an O-200 has a TBO of 2000 hours, so you might be putting
out engine money a lot sooner than you think.