BruceMe
Well Known Member
Background...
I've owned/flown/built RVs for 20 years. I recently purchased a damaged RV-6 to repair. The engine was involved in a wood-prop strike and roll-over. It turns and I'm working on getting it dialed.
The seller wasn't the owner (deceased) and at the time of sale he couldn't find the logbooks, so I gave him a fairly low-ball offer, cause he wasn't getting many bites, and it assumed no-logbooks. For that reason, my purchase and sale agreement purposely did not include anything about paperwork, as that would have been contentious.
So "mysteriously" the logbooks appear, he wants $2,000 for them. He claims the engine's last log entry has ~1100 tach hours. So I'm looking at 900 TBO. My last O-320 is still running strong at 2300hrs, but 2000hrs is "the gold standard" for overhaul. My math shows for a $12,000 overhaul every 2000hrs, I still have $5000 of theoretical tach-hour "value" left in that plane.
Should I pay?
I've owned/flown/built RVs for 20 years. I recently purchased a damaged RV-6 to repair. The engine was involved in a wood-prop strike and roll-over. It turns and I'm working on getting it dialed.
The seller wasn't the owner (deceased) and at the time of sale he couldn't find the logbooks, so I gave him a fairly low-ball offer, cause he wasn't getting many bites, and it assumed no-logbooks. For that reason, my purchase and sale agreement purposely did not include anything about paperwork, as that would have been contentious.
So "mysteriously" the logbooks appear, he wants $2,000 for them. He claims the engine's last log entry has ~1100 tach hours. So I'm looking at 900 TBO. My last O-320 is still running strong at 2300hrs, but 2000hrs is "the gold standard" for overhaul. My math shows for a $12,000 overhaul every 2000hrs, I still have $5000 of theoretical tach-hour "value" left in that plane.
Should I pay?
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