How crazy is buying a 60 year old 172...

Discussion in 'Hangar Talk' started by Caspar, Jan 9, 2019.

  1. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    I'm amazed at how much you can find right with it not knowing ANYTHING about it.
     
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  2. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    Any flying 172 is worth 8 k, I do know that much.
     
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  3. Zeldman

    Zeldman Final Approach

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    60 is ancient.!!!!

    (I can get away with that for only another 94 days..:frown3:..)
     
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  4. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    And not having seen it, you know that its actually in any condition to be flying how exactly?
     
  5. Brad Z

    Brad Z En-Route

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    Sure, if you're hauling drugs across the border.
     
  6. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    not a good aircraft for that, you need an Aztruck.
     
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  7. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    it flew for 75 hours last year why wouldn't it fly more?
    Lots and lots of old aircraft are ugly as hell but fly very nicely
     
  8. asicer

    asicer En-Route

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    Sometimes the price is both too good and true. Take the case of this 210...

    https://www.aopa.org/news-and-media/all-news/2017/february/pilot/ownership

    (Excerpt)
     
  9. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    And then there are those who's mission is to go fly as cheaply as they can, and a 8k 172 pops up.
     
  10. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    Any one of hundreds of reasons.
     
  11. arkvet

    arkvet Line Up and Wait

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    I bought my Toga at what I considered a “red flag” kinda deal.” Hangar rent was due and the widow wanted to sell ASAP to avoid any more expenses on the plane. I just got lucky and saw the barnstormers add first. Yeah I was nervous but there’s risk in buying airplanes.

    It’s 8k. I’d say if you’re new to aviation and 8k is much more than some extra spending money then it may not be the right plane. If you’re pretty well versed with the possible risks and have $8k to burn then why not.
     
  12. Checkout_my_Six

    Checkout_my_Six Final Approach

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    yup....and if $8k is all you gots....this is not the plane for you. You'll need an additional $8-15k for potential problems to "own" this.
     
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  13. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    You could say that about any aircraft. How do you know your aircraft won't brake next flight?
     
  14. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    Where did that come from?? some one has a over active imagination. ?
     
  15. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    That is some thing that applies to any aircraft you buy. I've always advocated you use 50% of your budget to buy, and 50% to fix.
     
  16. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    Wondering what happens when you just fly the aircraft ? to hell with fixing the ugly stuff, Just keep it safe to fly. and by the way. 5 PSI is the minimum oil pressure for the 0-300 at idle. most of these old gauges are way off calibration. So if the gauge is showing anything, it is good to go.
     
  17. Lantraxco

    Lantraxco Pre-Flight

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    You could spend $40K for one just out of annual and have a wing fold up. At $8K I would be likely to know more and trust it more because every single structural part would end up inspected and the engine would be checked over as completely as humanly possible without taking it off the mount. Stuff happens. Cirri have failures, go figure. If you have the cash to spare and some time to play with it, just do it. Somebody's gonna snap that up to fly or to part, won't be there long.
     
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  18. frfly172

    frfly172 Touchdown! Greaser! PoA Supporter

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    At 8k and it’s flying ,go for it.
     
  19. Salty

    Salty En-Route PoA Supporter

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    Hopefully it does.
     
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  20. Salty

    Salty En-Route PoA Supporter

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    No. Someone reads.

     
  21. Checkout_my_Six

    Checkout_my_Six Final Approach

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    yup....what could go wrong? :D
     
  22. Checkout_my_Six

    Checkout_my_Six Final Approach

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    yup....:confused:
     
  23. JOhnH

    JOhnH Touchdown! Greaser!

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    Great quote Tom!
     
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  24. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    I hope any aircraft I operate will brake next flight. Preferably during the landing part and possibly during the taxi part.
     
  25. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    Reading is not really a hobby for you is it?
     
  26. aftCG

    aftCG Pre-takeoff checklist

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    Yes, very

     
  27. Kenny Phillips

    Kenny Phillips Cleared for Takeoff

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    Simple, test the brakes before flight.
     
  28. Dan Thomas

    Dan Thomas En-Route

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    Some of us are mechanics that have run into these "bargains." And some are folks who have friends who have bought such airplanes. It really doesn't take that much to render an old airplane unairworthy, and if there's enough serious corrosion, the parts aren't worth anything either. An "original panel" is likely full of ancient, worn-out instruments.

    I would start into it thinking that it's a restoration project. If it turned out to be a really clean airplane for its age and hours, that would be a BIG bonus. Like winning the lottery, and we know how much chance there is of that.
     
  29. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    Fixed that for ya. and that's a big If. As stated some one did find some corrosion and fixed it..Wouldn't it be normal routine if you found some you'd look for more and fix it too?
     
  30. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    Sure. If you were an honest mechanic working with an honest owner who was willing to fork over the cash necessary to do the required repairs. If you're not an honest owner, you might be inclined to find a mechanic who had a similar approach to honesty in order to get the annual signed off. I know, I know, that NEVER happens in your world. But I don't live in your world. And before you start making accusations about anyone claiming to 'know' things about a plane they've never seen, I am NOT claiming to KNOW the condition because I don't. And that's the point. I don't know and you don't either. What this all comes down to is certain people see a rough plane being represented as airworthy for an asking price that is extremely low, they assume the best and see potential value. That would be you. Others fear the worst and see potential nightmares. That would be me. Neither position is wrong.
     
  31. Salty

    Salty En-Route PoA Supporter

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    If the engine runs it’s probably worth 8k to an airboater at minimum. If you want that hassle.
     
  32. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    Was it stated, 5k was spent at the last annual.
    There's no indication in this thread that anyone was cheated or the annual was a paper chase.
    Every one is not out to cheat you.
     
    Last edited: Jan 11, 2019
  33. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    IF ..... the engine has low hours good compression (less than 1000) I have a owner that will pay $10,000 for it today.
    This engine should be a 0-300-A those crank shafts are as rare as chicken lips.
    Aircraft Speciality sells the 0-300-D (which are not rare) for $9,000 add $1000 if you don't have a core.
    If this 172 is 60 years old, it will be an early straight tail, they are highly sought after aircraft. The cheapest one I've seen sold in the last year, went for 30k and it needed work.
     
    Last edited: Jan 11, 2019
  34. Juliet Hotel

    Juliet Hotel Line Up and Wait

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    No indication is wasn't cheated either. Not everyone is out to cheat you, only cheaters.
     
  35. Sundancer

    Sundancer Pattern Altitude

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    Airworthy is a paper chase, often unrelated to the real structural integrity of an airplane. It might be sound, but I'd look a lot closer, since corrosion has had 60 years to progress, versus 25, or 35, or 45. The process is usually slow-ish. And there are some very difficult places to examine in this airplane. The risk of hidden, significant damage is higher, all other things being equal.
     
  36. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    That's true of any aircraft.
     
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  37. Sundancer

    Sundancer Pattern Altitude

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    ??????? . . . uh, yes, it's true; corrosion risk increases with aircraft age across models.
     
  38. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    So the older models are scrutinized more carefully than the new.

    That IMHO is why some corrosion was found and 5k spent on the last annual.
     
  39. Tom-D

    Tom-D Taxi to Parking PoA Supporter

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    This was a 5k 172 in 2005, see what can be done.
    It was in horrible condition, it had sat in a hangar in Hoquiam Wa for well over 20 years.

    now completely restored
     

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  40. RJM62

    RJM62 Touchdown! Greaser!

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    And they have to throw in a bucket of propwash.

    Rich
     
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