10 airplanes under $20000: Is it possible?

Words of warning

Things to look for when buying on the cheap.

Air Mod Dennis Wolter, located in Batavia, Ohio, warns buyers of older aircraft to have a qualified mechanic do a thorough pre-purchase inspection. Of particular concern is the condition of the fabric, if necessary, tubes, beams of wood, and especially to corrosion in all planes of metal as an Ercoupe. If possible, find a mechanic who has experience specific to the model.

Jeff Fine beautiful device in Columbus, Ohio, has another suggestion. "You should be careful with older aircraft.If there is damage, it may cost more than they are worth repairing. The insurance company will not repair it. "

A check with the AOPA Insurance Services reveals that although older, cheaper aircraft can easily be insured, insurance companies may declare the plane a total loss when the repairs equal to the value of the aircraft.

We are always telling you to go find a plane for less than $ 20,000, but we do not challenge ourselves. This time it's different.

Here's what I found in September 2011 on the bulletin boards near the headquarters of the AOPA Airport in Frederick, MarylandAnd on the website and barnstromers.com Trade-A-Plane.

Half of them had tricycle-gear, including AOPA statistics tell us most of you prefer, and half of tail wheel aircraft. If you want a plane for $ 20 000 or less, you can invest in a tail wheel endorsement to make purchases from more choice.

These selections provide evidence that the aircraft is indeed expensive there.

A Piper Tomahawk in 1980, listed for $ 19 500, had all the changes required by airworthiness directives to strengthen key elements of the cell and add stall strips leading edge of the wing.Buster Colvin large cabin in Oklahoma, said he gets 95 knots true with the Lycoming O-235 engine. He has 6100 hours on the cell, a little high, but only 42 hours on engine since overhaul.

"I like them because they are spacious. You are sitting as you do at the kitchen table with his feet on the ground instead of stretched out in front of you, like the Cessna," Colvin, a former dealer in Tomahawk said.

Corey Marvin, 77, of Wadsworth, Ohio, listed its 100 mph 1953 Piper Tri-Pacer for $ 14 900 and hopes to get an Ercoupe in the future that can be used as a restoration project.

"If it is hot and humid, this is a four-seat airplane with two people," said his wife, Karen. The Lycoming O-290, 135 hp engine is burning seven gallons per hour and still has a few hundred hours remaining before it needs an overhaul.

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