Looking at a 1971 C150L to build PPL hours and it's listed for 40k USD with the following details:
- Airframe time: 11,000 hours
- Prop Time Since Overhaul: 10 hours (after strike)
- Engine Time Since Overhaul: 10 hours (after strike)
- Annual inspection completed Jan 2022
- Situation: Plane sold by AME who bought off his customer after the prop strike and did the engine overhaul and annual inspection himself. The propeller was sent out for repair. It seems obvious it's for a quick profit.
I am not experienced in this field and I do not know whether AMEs can cut corners just to get a plane sold without doing proper repairs so two main questions:
1) How high is the risk here and what can I do to mitigate it?
2) Would you pay the list price for this plane and what valuation would you provide?
Thank you in advance!
- Airframe time: 11,000 hours
- Prop Time Since Overhaul: 10 hours (after strike)
- Engine Time Since Overhaul: 10 hours (after strike)
- Annual inspection completed Jan 2022
- Situation: Plane sold by AME who bought off his customer after the prop strike and did the engine overhaul and annual inspection himself. The propeller was sent out for repair. It seems obvious it's for a quick profit.
I am not experienced in this field and I do not know whether AMEs can cut corners just to get a plane sold without doing proper repairs so two main questions:
1) How high is the risk here and what can I do to mitigate it?
2) Would you pay the list price for this plane and what valuation would you provide?
Thank you in advance!