Re: To buy or not to buy an airplane..... Make sure the annual is relatively fresh and the engine on the aircraft has less that 1500 hours since the last major overhaul. This way he can sell it for around how much he bought it for.
If he has the money to buy it, build time and then sell it it could be a very good investment considering he wont need to pay for instruction, and overhaul, or annual by following what I said. A 152 isn't exactly a fuel guzzler at its mighty 4 gal/hr so I would think it would be a good cost efficient way to build time.
I say go for it with the parameters I set. The last thing he wants is a 152 he has to put money into just to be able to fly.
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