-I'm looking for a low-wing, six seater plane. It should be efficient on fuel. Under $1.20 a mile for fuel would be preferable. Under $60,000 dollars preferred, will go up to $100,000. I was thinking about a Cherokee 6 260, Lance II or Saratoga. Unsure. Here are links to a few I was looking at. Also, would it be bad if I bought a plane for under $40,000? Should I expect lots of problems?
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Thanks in advance:)You need to narrow this down some more. There is a big difference in maintenance expense between the Lance and the Cherokee 6! One is a retract one is fixed gear! You will be much better off with the 6/300 over the 260 if you really want to carry 6! Of course the Lance already is 300HP. There is also big differences in 1968 vs 1978 aircraft as well! You really can't compare them the way you are attempting to go. Any aircraft with DAMAGE history will be cheaper than the exact same aircraft without any history! Aircraft that have high time engines or engine issues will be much less expensive than those with low time factory engines etc etc. There literally are 250 items that can and do affect aircraft values... just price comparison won't work!
You do need to know that gas is about $5.00/gal and these will burn near 20 gallons an hour if that were that case then 100/hr for fuel alone should be expected. Considering that is the tip of the iceberg you may want to rethink what it will actually cost to run!
There are several good sites that review the Sixes! http://flycorona.com/plane.asp is one, they figure 139/hr to operate and that was when gas was 3.50/gallon. The plane exchange also has a good one http://www.theplaneexchange.com/reviews/鈥?/a>
If you buy the cheapest plane you can find, yes you will have some issues..... they aren't priced low for the fun of low prices, they are priced low in most cases because they 1. need lots of work to be airworthy 2. need a new engine 3. they have been heavily damaged and had quick fixes, 4. the owner is an idiot (not often the case really it isn't).
If you really are serious, hire a buyers agent they usually pay for themselves ... would you buy a house without help? Someone who buys aircraft, knows the market, knows the process, knows the pitfalls, can and will save money in the long run.
PS all of the ones you listed will need engines very soon other than the 68 and maybe the 72. Check the engine TBO specs on the aircraft specifications. None of the Turbo (like the Saratoga or Lance) will make the full TBO. All of them (with the exception of the LANCE) have OLD avionics as well.Love the under $1.20 per mile and a six seater do you have any more jokes like that!
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