New part owner of airplane :)

Discussion in 'Hangar Talk' started by KaiGywer, Feb 1, 2015.

  1. KaiGywer

    KaiGywer Line Up and Wait

    Joined:
    Oct 11, 2014
    Messages:
    524
    Location:
    KBIS
    Display Name:
    Display name:
    KaiGywer
    So I've had my PPL for about three weeks now, and have been looking at ways to build time cheaply. Well I got an offer to buy into a 1959 C150 today and took it. Just have to get the annual done and a new starter installed and I can start burning holes in the sky :)
     
    KaiGywer, Feb 1, 2015
    #1
  2. sourdough44

    sourdough44 Pattern Altitude

    Joined:
    Feb 20, 2011
    Messages:
    2,180
    Location:
    Wisconsin
    Display Name:
    Display name:
    WI Flyer
    Congratulations, that should be about the most affordable option of ownership available. Fly safe.
     
    sourdough44, Feb 1, 2015
    #2
  3. Henning

    Henning Ejection Handle Pulled

    Joined:
    Feb 26, 2005
    Messages:
    39,481
    Location:
    Ft Lauderdale FL
    Display Name:
    Display name:
    iHenning
    Cool, how did you come into buying into an out of annual plane? Is this one of those deals where the old man doesn't fly it, but doesn't want to get rid of it, and is willing to split the expenses with you? Because you can't beat those deals.:lol:
     
    Henning, Feb 1, 2015
    #3
  4. KaiGywer

    KaiGywer Line Up and Wait

    Joined:
    Oct 11, 2014
    Messages:
    524
    Location:
    KBIS
    Display Name:
    Display name:
    KaiGywer
    Actually it's a coworker of mine who was part owner of the plane (four-way partnership) for the last couple of years. He now has his CFI and a job, so he offered to sell me his share for what he paid for it in order for me to have a plane to fly cheaply. The other three owners (of which only one flies at all) flew a total of 2 hours last year... So pretty much I'll be the only person flying it :yes:

    As for the annual...well he thought it was due at the end of February, but upon checking the logbooks found that it was actually due at the end of January :yikes: So it'll be down for a few days while that is completed.
     
    KaiGywer, Feb 1, 2015
    #4
  5. Florida Cracker

    Florida Cracker Ejection Handle Pulled

    Joined:
    May 4, 2009
    Messages:
    12,360
    Display Name:
    Display name:
    Florida Cracker
    Great News! Go poke holes!
     
    Florida Cracker, Feb 1, 2015
    #5
  6. mjburian

    mjburian Cleared for Takeoff

    Joined:
    Nov 28, 2007
    Messages:
    1,277
    Location:
    Milwaukee, WI
    Display Name:
    Display name:
    Marty
    Sounds like a sweet deal to me! Congrats on the purchase and have fun flying YOUR new airplane!
     
    mjburian, Feb 1, 2015
    #6
  7. Unit74

    Unit74 Final Approach

    Joined:
    Mar 8, 2014
    Messages:
    6,632
    Display Name:
    Display name:
    Unit74
    1959 C150 4 way partnership?


    Was it buy into a plane or go to Taco Bell for lunch that day? :rofl:
     
    Unit74, Feb 1, 2015
    #7
  8. sourdough44

    sourdough44 Pattern Altitude

    Joined:
    Feb 20, 2011
    Messages:
    2,180
    Location:
    Wisconsin
    Display Name:
    Display name:
    WI Flyer
    Are you saying $15k is to much?
     
    sourdough44, Feb 1, 2015
    #8
  9. KaiGywer

    KaiGywer Line Up and Wait

    Joined:
    Oct 11, 2014
    Messages:
    524
    Location:
    KBIS
    Display Name:
    Display name:
    KaiGywer
    :rofl:

    As I said, I did get a good deal on it ;) If I end up liking this plane, I'll prob end up trying to buy out the other three shares and also installing a transponder.
     
    KaiGywer, Feb 1, 2015
    #9
  10. Unit74

    Unit74 Final Approach

    Joined:
    Mar 8, 2014
    Messages:
    6,632
    Display Name:
    Display name:
    Unit74
    We have a local kid who just got his ppl. 18 years old. He bought his instructors plane out from under him! It was a 150 as well.

    Ride a bike to work and school, fly a plane on the weekends!!!!
     
    Unit74, Feb 1, 2015
    #10
  11. jordane93

    jordane93 Final Approach

    Joined:
    Sep 9, 2013
    Messages:
    9,879
    Location:
    Long Island, NY
    Display Name:
    Display name:
    Jordan
    :needpics: !
     
    jordane93, Feb 1, 2015
    #11
  12. Henning

    Henning Ejection Handle Pulled

    Joined:
    Feb 26, 2005
    Messages:
    39,481
    Location:
    Ft Lauderdale FL
    Display Name:
    Display name:
    iHenning
    It better be in super condition and well equipped for that! That buys you all of a 59 C-150.
     
    Henning, Feb 2, 2015
    #12
  13. KaiGywer

    KaiGywer Line Up and Wait

    Joined:
    Oct 11, 2014
    Messages:
    524
    Location:
    KBIS
    Display Name:
    Display name:
    KaiGywer
    She won't win any beauty pageants anytime soon, but she flies great :)

    [​IMG]

    [​IMG]
     
    KaiGywer, Feb 2, 2015
    #13
  14. LDJones

    LDJones Touchdown! Greaser!

    Joined:
    Sep 6, 2011
    Messages:
    10,996
    Location:
    Twin Cities, MN
    Display Name:
    Display name:
    Jonesy
    Anything that you can fly beats something you can't. That said, I hope you got into your four-way for under $3K....and that's assuming reasonable time left on the engine.
     
    LDJones, Feb 2, 2015
    #14
  15. frfly172

    frfly172 Touchdown! Greaser!

    Joined:
    Oct 22, 2008
    Messages:
    14,679
    Location:
    mass fla
    Display Name:
    Display name:
    ron keating
    Congrats,go out and enjoy yourself,great little airplane for building time.
     
    frfly172, Feb 2, 2015
    #15
  16. KaiGywer

    KaiGywer Line Up and Wait

    Joined:
    Oct 11, 2014
    Messages:
    524
    Location:
    KBIS
    Display Name:
    Display name:
    KaiGywer
    Yup I did. And the engine is mid-life.
     
    KaiGywer, Feb 3, 2015
    #16
  17. Unit74

    Unit74 Final Approach

    Joined:
    Mar 8, 2014
    Messages:
    6,632
    Display Name:
    Display name:
    Unit74
    Fly the wheels off it! When it comes to run out life, sell it for scrap and double your money!!
     
    Unit74, Feb 3, 2015
    #17
  18. JasonM

    JasonM Pattern Altitude

    Joined:
    Mar 24, 2012
    Messages:
    1,837
    Location:
    West Virginia
    Display Name:
    Display name:
    JM
    LMAO!!!!!! :D :rofl: That was good...
     
    JasonM, Feb 3, 2015
    #18
  19. James331

    James331 Ejection Handle Pulled

    Joined:
    Apr 18, 2014
    Messages:
    20,310
    Display Name:
    Display name:
    James331
    Meh, the really nice ones go for 20-23ish.

    15k is about average for something that wouldn't be considered a "project".

    Heck, get a slant tail, with crap paint and interior, have a auto dude repaint it with the new style cessna tribal swoosh with pearl, basic grey or black cloth interior from a hot rod shop, and a super basic used six pack off eBay with a garmin 250XL, and some cheap LEDs, betcha you'll sell it to some San Fran or NYC office type for 30+ :rofl:
     
    Last edited: Feb 4, 2015
    James331, Feb 4, 2015
    #19
  20. rbridges

    rbridges En-Route

    Joined:
    Nov 9, 2012
    Messages:
    2,694
    Location:
    Warner Robins, GA
    Display Name:
    Display name:
    rbridges
    rbridges, Feb 4, 2015
    #20
  • New Posts