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#1
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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 |
#2
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![]() "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 John, A low compression cylinder isn't a big deal, assuming everything else checks out. Maybe the compression will come back up with use, maybe you'll need to pull the jug and have something fixed. The pre-buy might give you the answer to that question. In any case, pulling and repairing a cylinder isn't *that* big of a deal. KB |
#3
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Thanks Kyle. It would be a haggling point though. JK
Kyle Boatright wrote: "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 John, A low compression cylinder isn't a big deal, assuming everything else checks out. Maybe the compression will come back up with use, maybe you'll need to pull the jug and have something fixed. The pre-buy might give you the answer to that question. In any case, pulling and repairing a cylinder isn't *that* big of a deal. KB |
#4
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It should not be a haggling point if you were already told about it.
Negotiations come into play when you find something that you didn't know about. I'd be pretty annoyed if someone flew my plane 100 miles away for a pre-buy, and came back only to dicker about something I already disclosed. "Jon Kraus" wrote in message ... Thanks Kyle. It would be a haggling point though. JK Kyle Boatright wrote: "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 John, A low compression cylinder isn't a big deal, assuming everything else checks out. Maybe the compression will come back up with use, maybe you'll need to pull the jug and have something fixed. The pre-buy might give you the answer to that question. In any case, pulling and repairing a cylinder isn't *that* big of a deal. KB |
#5
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So as a seller you would lower the price immediately even though you
didn't know why the low reading? Example: Say as the seller you wanted $50,000 for the aircraft before you knew of a possible engine issue. When you found out about the low compression but didn't know why you would lower the price? Just trying to understand why you would be annoyed. I'm not in this to **** off the seller but I don't want to pay for something that is already existing either. Thanks !! JK Steve Foley wrote: It should not be a haggling point if you were already told about it. Negotiations come into play when you find something that you didn't know about. I'd be pretty annoyed if someone flew my plane 100 miles away for a pre-buy, and came back only to dicker about something I already disclosed. "Jon Kraus" wrote in message ... Thanks Kyle. It would be a haggling point though. JK Kyle Boatright wrote: "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 John, A low compression cylinder isn't a big deal, assuming everything else checks out. Maybe the compression will come back up with use, maybe you'll need to pull the jug and have something fixed. The pre-buy might give you the answer to that question. In any case, pulling and repairing a cylinder isn't *that* big of a deal. KB |
#6
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The seller is generally considered liable for correcting airworthiness
issues. Lower compression in one cylinder is not an airworthiness item. Mike MU-2 "Jon Kraus" wrote in message ... So as a seller you would lower the price immediately even though you didn't know why the low reading? Example: Say as the seller you wanted $50,000 for the aircraft before you knew of a possible engine issue. When you found out about the low compression but didn't know why you would lower the price? Just trying to understand why you would be annoyed. I'm not in this to **** off the seller but I don't want to pay for something that is already existing either. Thanks !! JK Steve Foley wrote: It should not be a haggling point if you were already told about it. Negotiations come into play when you find something that you didn't know about. I'd be pretty annoyed if someone flew my plane 100 miles away for a pre-buy, and came back only to dicker about something I already disclosed. "Jon Kraus" wrote in message ... Thanks Kyle. It would be a haggling point though. JK Kyle Boatright wrote: "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 John, A low compression cylinder isn't a big deal, assuming everything else checks out. Maybe the compression will come back up with use, maybe you'll need to pull the jug and have something fixed. The pre-buy might give you the answer to that question. In any case, pulling and repairing a cylinder isn't *that* big of a deal. KB |
#7
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Hi Jon
Here is my take. I would offer my plane as is where is - faults disclosed for xxx dollars. If you now make me an offer which I accept, based on the foregoing, I would not look too kindly on a reduced offer because of a previously disclosed fault. However, if you discover a fault that I had not disclosed, then that would merit discussion. It would not merit that I pick up the tab - bacause we are talking about an old plane - you cannot expect new replacements. If for example an instrument was in need of replacement I may agree to pay up to 50%, but you are not about to get me to pay for a new instrument. HTH Tony -- Tony Roberts PP-ASEL VFR OTT Night Cessna 172H C-GICE |
#8
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So as a seller you would lower the price immediately even though you
didn't know why the low reading? Example: Say as the seller you wanted $50,000 for the aircraft before you knew of a possible engine issue. When you found out about the low compression, but didn't know why it was low, you would lower the asking price say to $48,000? Just trying to understand why you would be annoyed. I'm not in this to **** off the seller but I don't want to pay for something that is already existing either. Thanks !! JK Steve Foley wrote: It should not be a haggling point if you were already told about it. Negotiations come into play when you find something that you didn't know about. I'd be pretty annoyed if someone flew my plane 100 miles away for a pre-buy, and came back only to dicker about something I already disclosed. "Jon Kraus" wrote in message ... Thanks Kyle. It would be a haggling point though. JK Kyle Boatright wrote: "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 John, A low compression cylinder isn't a big deal, assuming everything else checks out. Maybe the compression will come back up with use, maybe you'll need to pull the jug and have something fixed. The pre-buy might give you the answer to that question. In any case, pulling and repairing a cylinder isn't *that* big of a deal. KB |
#9
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In any case, pulling and repairing a cylinder
isn't *that* big of a deal. Not a big deal, but needs to reflect in the purchase price. |
#10
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I whole totally agree. Thanks... JK
Hankal wrote: In any case, pulling and repairing a cylinder isn't *that* big of a deal. Not a big deal, but needs to reflect in the purchase price. |
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