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Originally Posted by 38bat  Running two threads here but thanks to all for the help it is REALLY appreciated. Here is a little more info!
WOW! Thanks for all the help! To add a littlie info. The schedule of the 90 day atp is too much for me and my family(I am a Dad first). The plane I have been looking at is a nice older IFR 172 with 200 hrs since a major. Money is not flowing but I can afford to pay for a complete overhaul if needed and expenses on a monthly basis. I am leaning towards buying because: A: I hate renting things B: I hate having to schedule C: I would like to be able to take my family on outings and not worry about when I get the plane back. D: Hopefully I would be able to sell it after training(if I wanted to, don't need to) and recoup SOME of my cost coming out ahead of renting. So, does that change anything? My idea was to work full time on my timebuilding and ratings, trying to fly 100hrs a month. I am a hard worker and tend to go 100% towards these types of things. Thought being that I would have 500+hrs total time and my ratings and would try to do 100 hrs additional multi thus making me employable at least. I say six months but have really budgeted a year. Thanks for all the help, what a great forum! |
I understand how you feel! Just be prepared! It is a Money Pit! Also, you will need to find an a&p who will be willing to let you "work with them on the plane" teach you basic MX oil changes etc...things owners can do themselves legally!
As for the plane...I would still recommend broading your search! A cherokee 150/160 will be a better value then a 172!
If you are an aopa member they have a great section for buyers, that give great advice...if your not...here is another tip...when you join, they give you a choice on what magazine you want. aopa pilot or aopa training, if you choose training, membership is only $29...well worth it!
MAKE SURE WHATEVER YOU BUY>>>GET A GOOD PREBUY INSPECTION, by your A&P not theirs!
what part of the country you in? Anything else you have ???'s on just ask!