I copied the following out of Vref;
Here’s the baseline for a Vref evaluation:
“Dual digital Nav/Comm, 2-Axis Autopilot, GS, ADF, DME. Base Price Includes the following: Aircraft is compliant with ADS-B Out, AD’s and SB’s complied with, No Damage History, complete records and logbooks since new with Mid-Life engines and mid-time maintenance unless otherwise noted. Aircraft Base Price assumes aircraft Paint and Interior Condition are Good unless otherwise noted. Please refer to the FAQ for paint and interior definitions.”
Given this equipment and the avg AF time of 5874 hours and 1000 hrs engine TSMOH the baseline evaluation is $115000. Factor in the AFTT and the Engine time gets a valuation of $97875.
Now, this valuation probably does not reflect current asking prices.
I would be very picky with this airplane. I would need a very savvy Piper mechanic to go through the airframe with a fine tooth comb. A “pre-purchase” would not do the trick. I would be willing to pay for a full annual to make sure I wasn’t getting stuck with any hidden damage or corrosion problems. I would not give credence to any verbal assurance that it’s OK.
Editors here at the Piper Flyer have written articles related to buying an airplane.
https://www.piperflyer.org/maintenance-technical/item/1259-pre-purchase-inspection-all-it-should-be.html.
https://www.piperflyer.org/maintenance-technical/item/991-pre-purchase-particulars-what-you-should-know.html.
This advice is very general; if you have more specific advice, please let me know.
Steve
