Hi everyone,
This is a long story but I'll give you the quick version. My boyfriend and I are considering buying a Piper Lance. Here're the spec's:
1976 model PA-32R-300
19000 TT
1200 SMOH, TBO 2000
Prop due Aug. 2007 (400 hours left on 2000 hours)
36000 lb max gross (2139 lb empty, 1460 lb useful)
Annual fresh Feb 2007
IFR avionics:
DME
KME20 audio panel
ADF
King navcom 170 B (two of them... one with GS and one with LOC)
Intercom
Transponder
Autopilot
Previosly used as part 135 cargo hauler. Seats removed except for pilot & co-pilot, wall barrier between pilots and cargo area.
Asking: $40,000
Informally appriased at $51,610 with most of the price reduction coming from the high time on the airframe. Located at Oshkosh, WI.
So here are my questions:
Question #1) Good plane? Good price? Gotchas?
Question #2) This plane would be used by my boyfriend (Mr. part 135 guy), not me, for hauling cargo. But at the moment he has no cash, and I have cash. As an alternative to taking out a bank loan, we're talking about possibly my buying/owning it and him leasing it from me. He would take care of all day-to-day maintainence on the plane.
2a) Is it totally crazy to enter (or even consider) a deal like this with one's Significant Other?
2b) What are the "gotchas" for the owner if participating in such a deal?
Question #3) What are the hopes of a 350-hour Cessna pilot learning to fly a 300HP Lance?
Question #4) Is anyone near Oshkosh willing or interested in having a look at this bird?
Thanks in advance,
--Kath
This is a long story but I'll give you the quick version. My boyfriend and I are considering buying a Piper Lance. Here're the spec's:
1976 model PA-32R-300
19000 TT
1200 SMOH, TBO 2000
Prop due Aug. 2007 (400 hours left on 2000 hours)
36000 lb max gross (2139 lb empty, 1460 lb useful)
Annual fresh Feb 2007
IFR avionics:
DME
KME20 audio panel
ADF
King navcom 170 B (two of them... one with GS and one with LOC)
Intercom
Transponder
Autopilot
Previosly used as part 135 cargo hauler. Seats removed except for pilot & co-pilot, wall barrier between pilots and cargo area.
Asking: $40,000
Informally appriased at $51,610 with most of the price reduction coming from the high time on the airframe. Located at Oshkosh, WI.
So here are my questions:
Question #1) Good plane? Good price? Gotchas?
Question #2) This plane would be used by my boyfriend (Mr. part 135 guy), not me, for hauling cargo. But at the moment he has no cash, and I have cash. As an alternative to taking out a bank loan, we're talking about possibly my buying/owning it and him leasing it from me. He would take care of all day-to-day maintainence on the plane.
2a) Is it totally crazy to enter (or even consider) a deal like this with one's Significant Other?
2b) What are the "gotchas" for the owner if participating in such a deal?
Question #3) What are the hopes of a 350-hour Cessna pilot learning to fly a 300HP Lance?
Question #4) Is anyone near Oshkosh willing or interested in having a look at this bird?
Thanks in advance,
--Kath
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