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#21
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Haggle all you want, but stop after you've agreed on a price.
"Jon Kraus" wrote in message ... So what I hear you saying is that you won't have a clear conscience if you haggle for the best price? |
#22
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When you sober up and read the posts you would discover that the plane
has just come out of an annual. JK Lynne Miller wrote: Truthfully, a good pre-buy is actually an annual inspection. I would worry about a $500 pre-buy. Unless you truly tear into the aircraft, you don't know what you're getting into. If it's at all close by, perhaps you could work out a deal to somehow pro-rate the annual inspection, and just get it done. That way, you will at least have the peace of mind to know exactly the shape the aircraft is in. As an aside, I am quite drunk right now. :-) It's fun to hang out at home, drink beers, and just relax. Lynne Jon Kraus wrote in message . .. My new partner and I are looking at a 1975 Mooney M20C. It is a nicely upgraded IFR plane with a 400 hour O-360 engine. It is a rather high time airplane (7000) hours and the price reflects this fact. It is being sold by the owner of the FBO we fly out of for one of his friends. They just finished up an annual inspection on it. My IFR instructor has owned Mooneys in the past and even had the M20C for years. He suggested that we fly the plane to Byerly Aviation in Peoria IL (a little over an hour flight from Indianapolis) and have them do the pre-buy. He said it would probably cost in the $500.00 range. My partner and I think it is a good idea too. We are both buying our first plane and think the money would be well spent. One of the cylinders has a compression of 62 while the others are in the 70's. This concerns me even though it is within tolerances. Of course we would hate to buy something that needed immediate major engine work. The plane has not flown much for the past 2 years so I am wondering if after flying the thing a while if the compression might come back some (probably wishful thinking I know). I am interested in opinions or experiences in first plane purchases. Experience with Byerly Aviation. Or comments on the engine situation I described. Thanks!! Jon Kraus PP-ASEL-IA Student aircraft purchaser |
#23
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Doug - Thanks for your remarks. The engine has 420 hours SMOH which
included a new camshaft, new bearings ect. I'm wondering if the main issue (with the low compression) is that the 420 hours has been over 6 years (and the last year it hardly flew at all). IMHO the plane has not been flown enough. Like I said I'm an no expert but wouldn't you think that 70 hours a year is a little light on usage? Could this be the cause of the low compression on the cylinder? Maybe and mabe not. I have a mechanical background but it has been years since I turned a wrench but if I remember about compression checks the procedure was to take a reading and if it was low then you squirt oil into the low cylinder (wet compression check)and if the reading came up then the rings were either worn or sticking. This is because the oil would temporarily seal the rings but do nothing to seal up the valves. If the reading stayed the same then you would suspect a valve problem. Please don't flame me too bad on this because it has ben a while since I've done any engine work. Although I suspect I'll be doing some owner assisted things with whatever plane I end up. :-) Jon Kraus PP-ASEL-IA Student airplane purchaser Doug wrote: What is the TT on the engine, and what is the SMOH on the engine? If either are high, you may be in for a total rebuild. ONE cylinder with 62 would concern me. If it's near TBO, you're probably in for a rebuild. Typically as an engine ages, compression goes down and oil usage goes up. Also check to see if the last rebuild included crankshaft bearings, was it a total rebuild or just a top? Look for oil in the front of the engine, this is evidence of main bearings going out. A recently rebuilt engine can have cylinder replacements be successful, but a good engine shouldn't need them. Like I said, if it's near TBO, you're probably in for a rebuild, and if the last rebuild wasn't a major, your probably going to have to major it. Its not worth it to top a high time engine, IMO. You haven't made a deal yet, so you can do whatever you want at this point. Nothing wrong with buying knowing it will need a rebuild so long as the buy price reflects this. You might get lucky and get 500 more hours, doing nothing. If the compressions were all good, and no oil usage, you usually can count on 500 more hours, REGARDLESS of the time on the engine. Usually, not always. And nothing unusual about running it past TBO. These Lycomings typically will run well past TBO. Jon Kraus wrote in message . .. My new partner and I are looking at a 1975 Mooney M20C. It is a nicely upgraded IFR plane with a 400 hour O-360 engine. It is a rather high time airplane (7000) hours and the price reflects this fact. It is being sold by the owner of the FBO we fly out of for one of his friends. They just finished up an annual inspection on it. My IFR instructor has owned Mooneys in the past and even had the M20C for years. He suggested that we fly the plane to Byerly Aviation in Peoria IL (a little over an hour flight from Indianapolis) and have them do the pre-buy. He said it would probably cost in the $500.00 range. My partner and I think it is a good idea too. We are both buying our first plane and think the money would be well spent. One of the cylinders has a compression of 62 while the others are in the 70's. This concerns me even though it is within tolerances. Of course we would hate to buy something that needed immediate major engine work. The plane has not flown much for the past 2 years so I am wondering if after flying the thing a while if the compression might come back some (probably wishful thinking I know). I am interested in opinions or experiences in first plane purchases. Experience with Byerly Aviation. Or comments on the engine situation I described. Thanks!! Jon Kraus PP-ASEL-IA Student aircraft purchaser |
#24
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Maybe you should only post when sober then... The original post states
"They just finished up an annual inspection on it." :-) Lynne Miller wrote: Truthfully, a good pre-buy is actually an annual inspection. I would worry about a $500 pre-buy. Unless you truly tear into the aircraft, you don't know what you're getting into. If it's at all close by, perhaps you could work out a deal to somehow pro-rate the annual inspection, and just get it done. That way, you will at least have the peace of mind to know exactly the shape the aircraft is in. As an aside, I am quite drunk right now. :-) It's fun to hang out at home, drink beers, and just relax. Lynne Jon Kraus wrote in message . .. My new partner and I are looking at a 1975 Mooney M20C. It is a nicely upgraded IFR plane with a 400 hour O-360 engine. It is a rather high time airplane (7000) hours and the price reflects this fact. It is being sold by the owner of the FBO we fly out of for one of his friends. They just finished up an annual inspection on it. My IFR instructor has owned Mooneys in the past and even had the M20C for years. He suggested that we fly the plane to Byerly Aviation in Peoria IL (a little over an hour flight from Indianapolis) and have them do the pre-buy. He said it would probably cost in the $500.00 range. My partner and I think it is a good idea too. We are both buying our first plane and think the money would be well spent. One of the cylinders has a compression of 62 while the others are in the 70's. This concerns me even though it is within tolerances. Of course we would hate to buy something that needed immediate major engine work. The plane has not flown much for the past 2 years so I am wondering if after flying the thing a while if the compression might come back some (probably wishful thinking I know). I am interested in opinions or experiences in first plane purchases. Experience with Byerly Aviation. Or comments on the engine situation I described. Thanks!! Jon Kraus PP-ASEL-IA Student aircraft purchaser |
#25
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"Jon Kraus" wrote in message
... When you sober up and read the posts you would discover that the plane has just come out of an annual. JK IMHO, an annual inspection done (paid for) by the seller is worthless with respect to pre-buy inspection. I base this on personal experience, having bought a plane that had just had an annual inspection done, and yet which still had significant problems, including safety issues. When buying an airplane, you *cannot* delegate ANY inspection of the aircraft to the seller or anyone hired by the seller. The only way to know for sure the condition of the airplane is to inspect it yourself or have someone working for you inspect it. If you decide that an inspection the depth of an annual inspection is warranted, then so be it...even if the airplane has just had an annual inspection by someone else, you'll have to pay someone to do it all over again. The fact that the plane in question here has just come out of its annual inspection is meaningless to the buyer. Pete |
#26
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I agree with you 100%. Matter of fact the seller just informed my FBO
that he will not allow the plane to inspected by Byerly Aviation who is a well respected Mooney shop. I think we are going to pass on this one. Jon Kraus PP-ASEL-IA Student airplane purchaser Peter Duniho wrote: "Jon Kraus" wrote in message ... When you sober up and read the posts you would discover that the plane has just come out of an annual. JK IMHO, an annual inspection done (paid for) by the seller is worthless with respect to pre-buy inspection. I base this on personal experience, having bought a plane that had just had an annual inspection done, and yet which still had significant problems, including safety issues. When buying an airplane, you *cannot* delegate ANY inspection of the aircraft to the seller or anyone hired by the seller. The only way to know for sure the condition of the airplane is to inspect it yourself or have someone working for you inspect it. If you decide that an inspection the depth of an annual inspection is warranted, then so be it...even if the airplane has just had an annual inspection by someone else, you'll have to pay someone to do it all over again. The fact that the plane in question here has just come out of its annual inspection is meaningless to the buyer. Pete |
#27
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Lynne Miller wrote: Truthfully, a good pre-buy is actually an annual inspection. I would worry about a $500 pre-buy. I wouldn't. My last annual inspection cost less than $500. George Patterson If you want to know God's opinion of money, just look at the people he gives it to. |
#28
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Jon Kraus wrote: When you sober up and read the posts you would discover that the plane has just come out of an annual. You still want to have an inspection performed to the standards of an annual inspection by a mechanic you trust. Sellers have been known to obtain a "pencil-whipped" annual when they know they intend to sell the plane in the near future. George Patterson If you want to know God's opinion of money, just look at the people he gives it to. |
#29
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That's about the furthest thing from the truth I've ever seen in these newsgroups. A prebuy is a DOZEN times harder than an annual inspection. All an annual inspection tells you is that nothing on the airplane is worn past service limits at the time of the inspection. An annual doesn't tell you that the oil hasn't been changed for two hundred hours. It doesn't tell you that the tires are down to within a hundredth of an inch of wear limits. It doesn't tell you that the brakes have less than 10% service life. It doesn't tell you that the battery has about two tugs left in it before pooping out completely. Shall I go on? I don't do prebuys for two reasons. One is that a good prebuy takes me the better part of 25 hours to do, and I can't charge that kind of money to somebody who may or may not be the owner of that airplane someday. Two is that I can actually miss something, by simple oversight or by opinion, that the new owner will rip me a new one when they have to have that item repaired or replaced. It just ain't worth it. And I sure as HELL wouldn't consider doing one for somebody with Kraus' attitude. Jim (Lynne Miller) shared these priceless pearls of wisdom: -Truthfully, a good pre-buy is actually an annual inspection. Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
#30
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Jim,
ROFLMFAO.. You don't even know me so your comment about my attitude is laughable. As far as the pre-buy inspection goes the folks that do them tell me that they take not anywhere near 25 hours to do. Maybe you are ripping people off (25 + hours is ridiculous) and that is why you aren't getting any pre-buy business. But then again I don't know you either so who's to say right? :-) I would think that a shop that deals with a specific aircraft day in and day out would be able to point to the "problem" (expensive) areas of the aircraft in a reasonable amount of time. At least that is what they tell me. I think Byerly is a reputable firm and if they told me they can do it in 8 hours I believe them. It is of course your prerogative to disagree. Huggs and Kisses Jon Kraus PP-ASEL-IA Student airplane purchaser Jim Weir wrote: That's about the furthest thing from the truth I've ever seen in these newsgroups. A prebuy is a DOZEN times harder than an annual inspection. All an annual inspection tells you is that nothing on the airplane is worn past service limits at the time of the inspection. An annual doesn't tell you that the oil hasn't been changed for two hundred hours. It doesn't tell you that the tires are down to within a hundredth of an inch of wear limits. It doesn't tell you that the brakes have less than 10% service life. It doesn't tell you that the battery has about two tugs left in it before pooping out completely. Shall I go on? I don't do prebuys for two reasons. One is that a good prebuy takes me the better part of 25 hours to do, and I can't charge that kind of money to somebody who may or may not be the owner of that airplane someday. Two is that I can actually miss something, by simple oversight or by opinion, that the new owner will rip me a new one when they have to have that item repaired or replaced. It just ain't worth it. And I sure as HELL wouldn't consider doing one for somebody with Kraus' attitude. Jim (Lynne Miller) shared these priceless pearls of wisdom: -Truthfully, a good pre-buy is actually an annual inspection. Jim Weir (A&P/IA, CFI, & other good alphabet soup) VP Eng RST Pres. Cyberchapter EAA Tech. Counselor http://www.rst-engr.com |
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