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Aircraft Buying Tips from the Experts
Aircraft Buying: Advice from
the Experts


Aircraft
Partnerships

 
Five Terrible Tales with a Lesson...
 


Terrible Tale #2
The logs are part of your plane!

What are the 3 most important parts of any aircraft?
LOGS, LOGS, LOGS!

Nearby, there is a small FBO operator who sells the occasional airplane as a sideline. A Delta Airlines captain, who also enjoys recreational flying, had rented from this operator for many years. Finally, he decided to purchase a high performance, single engine craft. Being a busy man, he left most of the details of the purchase up to this broker.

Shortly thereafter, the broker called to tell him he had located exactly the aircraft our pilot was seeking- low time, well equipped, always hangared. His exact words were: "It's a beautiful airplane- everything's in order".

It was not until the closing that our captain noticed that some of the logbooks were missing. He was reassured that they would be delivered later (for some reason or other), and, since he trusted the FBO, went ahead with the purchase. The logs never appeared.

He owned this aircraft for six or seven years, and always maintained it to impeccable standards. When he finally decided to sell, it took him almost two years to do so, in spite of the immaculate condition of the craft. He was finally forced to accept $23,500 for an aircraft worth close to $30,000 (with logs). He, of course, had paid full retail.

Click on the arrow for Terrible Tale #3...