A Maintenance Oriented Podcast For Airplane Owners, Pilots, and Mechanics

Tag: prebuy

239 – When Your “Perfect” Airplane Gets a Prebuy

Note: Scroll down to see who I unexpectedly met in Florida this past week!


Now for the Prebuy… it was some months ago, and I did a prebuy inspection on a nice airplane on behalf of the buyer.

I also became good friends with the owner / seller, for which I was grateful, because sometimes these can end up being sticky situations.

The owner / seller (who is a really great gentleman) seemed to think his airplane was nearly perfect, and there should be very little wrong with it.

And by all means, it was a very nice airplane indeed. So much so, that if I was buying it, I’d be thrilled!

Nevertheless, I found some things that needed attention.

Listen to the episode to hear about the things I noted, which I categorized into three parts:

  • Significant Items
  • Miscellaneous Observations
  • Items to consider during next annual inspection

I’m not going to list them all here, but I talked about them in the audio for this episode.

Here’s a photo of one item I found… the right flap forward rib had a large crack in the leading edge – a very common problem on Bonanzas. (The flap was sent out for repair, and reinstalled, as part of the selling process.)

This crack can be seen by looking outboard and forward inside the open inspection hole in the flap in the following photo:

The following photo shows the forward nose gear rod end that was replaced, along with the nose gear down spring and some other hardware (note the small grease zerk in the side of the rod end… rod ends that are drilled for a grease zerk have been known to fail, and it’s wise to replace them with the solid type.)

Note: American Bonanza Society (ABS) recommends replacing all three rod ends for the Bonanza nose gear system every 2000 hours.

For me, the prebuy was a great experience, and I’m hopeful both the seller and the buyer feel the same way.

In my estimation, we took a really nice airplane, and made if even better… and that makes me happy!

How about you? Is your airplane perfect?

One way to see how perfect it is would be to get some other eyes on it from time to time… take it somewhere different every few years for the annual inspection.

Then, when it comes time to sell it, perhaps it will be just a little closer to perfect!


Now for my huge surprise in Florida this past week… I met a very fine gentleman at the Orlando Executive Airport, and even got a photo with him:

This is Mr. Bob Showalter, of the Showalter Flying Service in Orlando, which the family sold back in 2015.

I was grateful to meet such a fine gentleman that day, and to learn more about him and his family, and how they have contributed in such a huge and impacting way to the world of aviation.

So many people have asked me over the years if I was related to the Showalters who have the FBO in Orlando, and my answer will now be, “Not that I’m aware of, but if I was related to them, I’d be proud!”

If you’re interested in some fascinating history of Bob’s family and Showalter Flying Service, here’s a link with all kinds of interesting information, as well as a large assortment of really fun photos from years ago.

And here’s another one:

Enjoy!

And Mr. Bob, it was a real pleasure to meet you sir! I was very inspired to hear you are still going strong and still flying a jet with your son!


The post “239 – When Your “Perfect” Airplane Gets a Prebuy” appeared first at AirplaneOwnerMaintenance.com

194 – All About Airplane Prebuys with Adam Sipe

This episode is a good one!

If you’re thinking about buying an airplane, stop right now and listen to this episode, because Adam Sipe can absolutely save you lots of time, money and needless frustration in the process of buying an airplane.

He shared so much valuable wisdom in this episode, and I can’t wait to listen to the whole thing again myself.

… and don’t be fooled by the fact that Adam is only 33 years old… if you listen to the whole episode, you’ll discover his secret (and it’s a secret that applies to all areas of life,) for how he acquired a lifetime of aviation wisdom in such a short time and at such a young age.

Before we go any further, let me tell you a little bit about Adam.

Adam Sipe is the President of Airplane Intel, Inc., a company that helps people buy, maintain, and manage airplanes. He’s an aircraft mechanic with inspection authorization (A&P-IA), commercial pilot, flight instructor, and Embry Riddle graduate. Adam is also a Marine Corps veteran and host of the Airplane Intel Podcast.

Click the following link to read even more about Adam’s aviation journey:

https://www.airplaneprebuy.com/about-adam



Here are some examples of the “Prebuy Gold” or “Prebuy Wisdom” Adam shared with us in this podcast episode:

“I call a prebuy more of an investigation than an inspection because you’re trying to uncover things that would be outside the normal thinking of an annual or some other scheduled inspection.”

“Missing records can affect the value of the airplane as much as 30%!”

“Sometimes it’s not what the logbooks say, it’s what they don’t say that’s important.”

“Maintenance affects value.”

“In a prebuy scenario, we don’t need to know all the squawks; we need to know the ones that are most important and the most pressing and the most urgent… and the ones that affect value.”

“You’re not replacing a scheduled inspection with the prebuy, and the prebuy is not going to uncover every defect, because it’s just not possible.”

“This is kind of general to the market… the asking prices are extraordinarily too high… in other words, they’re asking far more for the airplane than what it’s worth, and that’s a huge mistake that people go in and offer full price on these airplanes.”

“There’s two points in a transaction on an airplane where you can negotiate (and I encourage folks to negotiate.) One is when you’re making your initial offer. The second time is after the prebuy.”

“Asking prices are too high, and people are over-paying.”

“If there’s a lien on the airplane, that could stop the transaction from happening, and on that note, I recommend people go through an escrow service… a title company that specializes in aircraft transactions, because the reason why that lien didn’t get caught previously is because they didn’t go through escrow.”

“I’ve seen an airplane that was worth maybe $150,000 have a lien on it for $400,000 because someone used it as collateral for something else.”

“I’ve definitely come across missing AD’s and/or overdue AD’s.”

“I highly recommend taking a test flight in the airplane… now, this is where it’s very critical that you’re clearly not the pilot in command; you’re an observer or passenger in the right seat; you let the owner fly the airplane; or someone that’s on the owner’s insurance.”

“The flight test is in my opinion the most important part of the prebuy because that’s where you’re going to learn the most.”

“Hail damage is repairable, but it’s not worth repairing most of the time because it’s just too expensive.”

Wow! Just this list right here has the potential to save you thousands of dollars in your airplane buying process if you put the principles into action.

I highly recommend hiring Adam and his team at Airplane Intel for your next airplane purchase. I’m confident you’ll be glad you did!


Thanks Adam, for joining us for this episode! And thank you for your service in the United States Marine Corps. We appreciate you!

Adam shown next to his F/A-18C Hornet in Beaufort, SC
Adam shown next to his F/A-18C Hornet in Beaufort, SC

To learn more about Adam and Airplane Intel, be sure to check out these links:

Website: www.AirplaneIntel.com

Podcast: www.AirplaneIntelPodcast.com 

YouTube: www.YouTube.com/AirplaneIntel 

Social Medial: @AirplaneIntel 

@Airplane_Intel


If you want to read some fun stuff about Adam personally, he was featured earlier this year in the Ocala Magazine, in the series of articles “40 Under 40.” Well done Adam!

And congratulations to Adam and his wife Sarah with the imminent arrival of their first baby, a daughter! Congratulations Adam and Sarah!


The post “194 – All About Airplane Prebuys with Adam Sipe” appeared first at AirplaneOwnerMaintenance.com