Hi,

I am considering purchasing a C150 for VFR/IFR training. I plan to sell the plane once I get about 150 hours. It seems that by avoiding sales tax and minimizing storage fees, it does make it quite cost effective...

My primary concern is how long would it take to sell a mid-grade/decently equipped C150 in this market? It seems that IFR models are selling for around $22-25k.

Thanks!

Took me over a year to sell a nice 150J. Wasn't IFR but a nice plane with missing logs. Started at $15K and took $10,500 after a year of taking people for free rides. Just because something is listed for that doesn't mean that's what it's worth. I had it priced with the competition when I started. I know some people get more. The guy that bought my 175 sold his for $14K and it was no where as nice as mine. Great time to buy but really bad time to sell. Hopefully it will change soon.

I think you won't get $22,000 for it,
that's 172 range for today's market.
Good luck though,that's a great trainer
and beyond .
I fly one a lot that a bud let's me fly,
and it gets me in the air cheep

Chuck

Thanks for the responses.

I have been looking at Trade-a-plane and Controller.com for prices on IFR equipped C150s. I've also seen these prices quoted in several recent "Buy a plane" books.

I'm actually surprised that 22k is a C172 price. How'd you come to your conclusion? Curious, bec I'm continuing to learn about it.

My biggest concern is not wanting this thing to sit for longer than 6 months to sell...I'd rather purchase something that has a high resale value or "close enough"...

Look up Stancils in placerville,ca,
they have a 66 172 for $22500
Good luck,
Chuck

Purchasing was a good plan that worked very well for me back n the day.

You don't need a certified IFR setup for training- just the instruments.

There are a lot of 172's out there for sub $25k for the taking...some really nice ones too if older is fine with you.

My gut tells me a 172 might move faster than a 150. The engines are roughly comparable in being bullet proof. A 150/152 in comparable condition to a 172 is 10k cheaper. The 172 will be a lot more productive for IFR training (depending on density altitude where you are training), and the fuel burn cost savings of a 150 might be eaten up with additional instructor time. Who knows.

I was having airplane withdrawls and bought a rough 150E for $9500 on ebay. You might want to check the auction sites because just the other day I saw a really nice 152 in Puerto Rico for $10,500. Don't know how you'll get it back from Puerto Rico? Seems like it was a US Marshal auction? These are the ones that will sell fast.

I saw it on another site but here it is, Might be worth calling on:

http://www.usmarshals.gov/news/chron/2012/083012.htm