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Would You Buy This Airplane?
I hope so. Itís mine, but itís not for sale.
But what if it was for sale? Do you know the proper process for inspecting, evaluating, writing a purchase agreement, and closing on it? Donít think you can just kick the tires like you would a used car and fly it away.
The average age of used airplanes is better than 30 years. When I first started buying and selling airplanes in the early 1970s I would sell a customer a new Cessna 172 and two years later he would trade it in for a new one, just like he did with his car. A mechanic would do a compression test, and I would look under the cowling for a bent firewall. If those items passed inspection we would take his airplane, usually with less than 300 hours in service, in trade.
Not long ago I ran across a Cessna 172 that had over 19,000 hours on it, though the average number of hours for the aging 172 fleet is probably more like 5,000 to 7,000 hours. You cannot buy an airplane like that without following the complete purchase process from start to finish. I have seen many instances where the buyer didnít pay attention to what he was doing, and he wound up with his wallet quite a bit lighter than he had intended.
The purchase process is important. That is why I wrote my book, "Purchasing & Evaluating Airplanes." It begins where you need to begin, thinking about what kind of airplane you want, and how much you can spend. Then it takes you through the entire purchase process explaining each step you must take and why you must take it until you make a successful purchase. There is a pull out checklist to take with you to help you evaluate the airplanes you are to look at. This book will save you a great deal of time and money.
Read some excerpts from "Purchasing & Evaluating Airplanes" before you buy it. Then, you can order online through our secure ordering site. Good luck with your aircraft purchase.
See the web site of Odyssey Aviation Publications for books and audio tapes by Brian M. Jacobson, president of Great Lakes Aircraft Appraisal.
Address: PO Box 785, Union Lake, MI 48387 Phone: (248) 363-3807 FAX: (248) 769-6084
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