Airplane for Sale - Used Aircraft Sales
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I’ve wanted to take flying lessons for years. And
one day I plan to find an airplane for sale. However I
know nothing, about used aircraft sales.
My standard M.O. when in the dark about a subject is to
assume; in this case, that buying an airplane for
sale is like buying a used car. That is, I assume the car is
rotten. The trick is finding out how rotten and where the rot
is on the car.
However, a car with mechanical defects is less
problematic than n plane with defects. So before buying, I’m going
to want to know all there is to know about what I don’t know and
should know about the particular airplane for sale. I think the
descriptive phrase obsessive anal retentive applies.
To become an expert about buying a plane, my first
task is to read and re-read everything ever written on the subject.
This also applies to the type of aircraft that fits my needs.
While researching this airplane for
sale article, I came across an interesting piece, the gist
of which is mentioned here.
The article mentioned the fact that when owners are
downsized the first thing they sacrifice is maintenance on their
airplanes. Their hope is to ride out the financial storm and catch
up needed maintenance on the back end.
This was surprising and troublng because
it never occured to me that anyone would not take care of their
plane. Because, as previously noted, a plane with problems is way
more dangerous than a car with problems.
This writer also mentioned what he referred to as a
“Fresh” annual and a “Fresh” overhaul. Now, since I don’t know
squat about airplanes I'm not what this means. My guess is the
“fresh” annual refers to a required annual FAA inspection. This is
probably similar to the regular car inspections required by Penndot
in my home state of PA.
The “fresh” overhaul may have to do with the
necessity of being sure the plane doesn't suffer engine failure in
flight. Car engines are seldom overhauled or replaced. We just push
the old geezers until they quit.
But a plane’s engine and propeller is what pulls
the thing through the air which creates lift. So if the motor
fails, there’s no lift. And that ain’t good. So it makes sense that
an airplane engine would need to be overhauled every so often.
Human nature being what it is, when owners get
into financial difficulties, not only will they skimp on their
maintenance; but eventually they’re going to dump the plane.
And when they put up Cessna, or whatever up
for sale, a good selling feature is to be able to say
that it's just had it’s required annual inspection and a
recent overhaul.
Again, this reminds me of buying a used car in PA.
Advertisements for used cars in PA will frequently mention that the
car has just passed the most recent state inspection.
And if you live in a state with such car
inspections, you know, that inspection may not be worth spit. The
same is apparently true of a “fresh” annual and “fresh” engine
overhaul of a used airplane.
Caveat emptor.,, let the buyer beware.
I appreciated the insight so much I think everybody
thinking about an airplane for sale should read the
entire article.
Here is the Link: http://www.smartplanes.com/Rick%20Durden%20Pre-buy.pdf
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