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Touchdown! Greaser!
- Joined
- Jan 5, 2007
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Cowboy - yeehah!
I'm in a position to grab up a Piper Arrow IV, PA-28RT-201 for a song. It's been sitting for a while, no damage to the airframe, it looks all intact. Paint is actually not bad, and very little visible corrosion. The engine is out, but not pickled. It's just been sitting in a werehouse for years. Prop/governor is off, looks to be all there.
I wonder what the value is for something like this, and how they fly? I've flown a Cherokee some, but not the Arrow. Radios are vintage King, in decent shape but nothing serious. Has a wing leveler A/P that I think is coupled to the Nav 1. Engine is mid-time, but since it's been sitting it'll prolly have to be gone through.
Obviously, will need tires, tubes, brakes, and fuel system clean up, batt, and some seals. I'm going to do most of the work except the interior engine bits.
Wondering if this is worth picking up at around $8-10k? Looks like with engine and prop refurb that's gonna run around $15k depending. Might be able to get it in the air for a bit over $20k unless things go haywire.
My A&P/IA works casually and charges about $36/hour, but we work together on stuff so he's actually mostly doing oversight.
Go ahead, I can take it. How crazy am I? BTW, if I don't buy it they will start parting it out in a few months.
I wonder what the value is for something like this, and how they fly? I've flown a Cherokee some, but not the Arrow. Radios are vintage King, in decent shape but nothing serious. Has a wing leveler A/P that I think is coupled to the Nav 1. Engine is mid-time, but since it's been sitting it'll prolly have to be gone through.
Obviously, will need tires, tubes, brakes, and fuel system clean up, batt, and some seals. I'm going to do most of the work except the interior engine bits.
Wondering if this is worth picking up at around $8-10k? Looks like with engine and prop refurb that's gonna run around $15k depending. Might be able to get it in the air for a bit over $20k unless things go haywire.
My A&P/IA works casually and charges about $36/hour, but we work together on stuff so he's actually mostly doing oversight.
Go ahead, I can take it. How crazy am I? BTW, if I don't buy it they will start parting it out in a few months.