Hello all, I’m a new member here that’s been lurking for a while hoping to get some opinions from more experienced GA owners.
I'm a relatively new private pilot working towards an instrument rating and hopefully beyond who has had it on my mind that I would like to own my own aircraft I have been renting and while I don’t feel I’ve been having a particularly bad deal me and my wife would love the flexibility of our own aircraft where I’m not restricted in where I go and what I do with it, I'm not totally naive I realize that there is upkeep, inspections, annuals and possibly overhauls within my ownership not to mention if something goes wrong and the idea to mitigate this would be to run a fund in which we put some cash in to cover the cost per flight hour…am I crazy to want to get involved with this potentially fatal; attraction?
I’d also wish to get some opinions on that, particularly an aircraft that I’ve been offered and what seems to me a slightly odd history.
So here goes….
1962 Cessna 172 C 0-300D continental
- 3700 Airframe Total Time
- 427 Engine Since Overhaul (Major)
- 195 Time Since Top Overhaul (Cylinders)
- 2694- Prop Since New
IFR Equipped
- 2 Com Radio
- 2 Nav Radios
- 2 VOR 1 ILS
- Audio Panel/Intercom
- Transponder Mode C
Annual Inspection is next due 07/23
The seller is asking a firm $42500 which I'm feeling could be a little strong given the information below.
Upon speaking with him I have been told that there is an issue with the record of its last and only Major Overhaul which was allegedly done in 1999 (around 400hrs ago which I thought is possibly a cause for concern as it means it's hardly been used for the past 20+ years) however there is little to no known evidence that this has occurred there is an entry written in the logbook saying “start of engine Overhaul on said date on 13/12/1998 at 2270hrs”
However there is absolutely nothing else no yellow tabs no records of who did it what was or wasn’t replaced etc… then the logbook continues as normal. Coming into the most recent annual with compressions 1# 66/80 2# 58/80 3# 68/80 4# 62/80 5# 64/80 6# 68/80 (I was a little concerned these may be slightly low but have heard that's not abnormal or a concern for continental engines)
Throughout its life there doesn’t seem to have been any significant issues with the aircraft it did have a cylinder and ring change many moons ago. A lot of the entries are illegible to me (awful writing) the seller has been forthcoming with this info.
The other negative I’m told and can see is the pain is in poor condition I do wonder if a bit of TLC and a good cleaning may improve it somewhat the interior seems very tidy from the photos and by the seller's account.
Also, its recent weight and balance show it weighing 1753lb empty CG 40.83 which is only giving a useful load of 496lb its empty mass seems very high to me. I did mention this to the seller and he seemed to think that this must be a mistake and pointed me to another weigh-in with a more useful load of 662lbs back in OCT 2021. nothing has been added or changed it seems so is it plausible they messed this up?
I’d love to hear some general advice on ownership and this situation, my thinking is it’ll make it harder to sell until it gets another overhaul and there’s certainly a risk that maybe something hasn’t been done I hear that the engine is a great smooth engine I’m curious on what peoples thinking is on its value also and what it would be like trying to sell it should I need to prior to an overhaul... I do intend to put substantial hours on this aircraft-to-hour build.
Am I crazy to even consider this any advice really appreciated?
I'm a relatively new private pilot working towards an instrument rating and hopefully beyond who has had it on my mind that I would like to own my own aircraft I have been renting and while I don’t feel I’ve been having a particularly bad deal me and my wife would love the flexibility of our own aircraft where I’m not restricted in where I go and what I do with it, I'm not totally naive I realize that there is upkeep, inspections, annuals and possibly overhauls within my ownership not to mention if something goes wrong and the idea to mitigate this would be to run a fund in which we put some cash in to cover the cost per flight hour…am I crazy to want to get involved with this potentially fatal; attraction?
I’d also wish to get some opinions on that, particularly an aircraft that I’ve been offered and what seems to me a slightly odd history.
So here goes….
1962 Cessna 172 C 0-300D continental
- 3700 Airframe Total Time
- 427 Engine Since Overhaul (Major)
- 195 Time Since Top Overhaul (Cylinders)
- 2694- Prop Since New
IFR Equipped
- 2 Com Radio
- 2 Nav Radios
- 2 VOR 1 ILS
- Audio Panel/Intercom
- Transponder Mode C
Annual Inspection is next due 07/23
The seller is asking a firm $42500 which I'm feeling could be a little strong given the information below.
Upon speaking with him I have been told that there is an issue with the record of its last and only Major Overhaul which was allegedly done in 1999 (around 400hrs ago which I thought is possibly a cause for concern as it means it's hardly been used for the past 20+ years) however there is little to no known evidence that this has occurred there is an entry written in the logbook saying “start of engine Overhaul on said date on 13/12/1998 at 2270hrs”
However there is absolutely nothing else no yellow tabs no records of who did it what was or wasn’t replaced etc… then the logbook continues as normal. Coming into the most recent annual with compressions 1# 66/80 2# 58/80 3# 68/80 4# 62/80 5# 64/80 6# 68/80 (I was a little concerned these may be slightly low but have heard that's not abnormal or a concern for continental engines)
Throughout its life there doesn’t seem to have been any significant issues with the aircraft it did have a cylinder and ring change many moons ago. A lot of the entries are illegible to me (awful writing) the seller has been forthcoming with this info.
The other negative I’m told and can see is the pain is in poor condition I do wonder if a bit of TLC and a good cleaning may improve it somewhat the interior seems very tidy from the photos and by the seller's account.
Also, its recent weight and balance show it weighing 1753lb empty CG 40.83 which is only giving a useful load of 496lb its empty mass seems very high to me. I did mention this to the seller and he seemed to think that this must be a mistake and pointed me to another weigh-in with a more useful load of 662lbs back in OCT 2021. nothing has been added or changed it seems so is it plausible they messed this up?
I’d love to hear some general advice on ownership and this situation, my thinking is it’ll make it harder to sell until it gets another overhaul and there’s certainly a risk that maybe something hasn’t been done I hear that the engine is a great smooth engine I’m curious on what peoples thinking is on its value also and what it would be like trying to sell it should I need to prior to an overhaul... I do intend to put substantial hours on this aircraft-to-hour build.
Am I crazy to even consider this any advice really appreciated?
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