I did a poor job of explaining my reasoning during the video, so I'd like another chance. My fear of doing annuals as pre-buys is that it gives the seller motivation to back out of the deal and get a cheap annual for himself. Let's say the seller has been on the fence about selling the plane, but decided (regretfully) to sell it. I pay $2000 for the annual inspection and the list of items to fix is $500. At that point, the seller says "I've decided I don't want to sell after all - sorry for your time." The seller then pays the mechanic $500 to fix the airworthiness items and he now has a fresh annual on his plane that he only paid $500 for, and I'm out $2000 with no recourse. The agreement was simply that if someone backed out of the sale, the person backing out has to pay for the inspection (if I backed out, I still had to pay) - it was only done as a deterrent to prevent someone from backing out. In the end, I paid for the inspection. (Copied from a reply below).
I am currently in the middle of buying a vintage Mooney. My first plane, the plane went to get a pre-buy today, hopeful it all goes well. Thank you thank you thank you for this video.
I went through college 30 plus years ago, in an Aviation Physiology class we spoke about looking into the sun though a spinning prop. If the flash becomes the same as your brainwaves bad things can happen from lock up to seizure. It can increase fatigue dramatically and greatly increases likelihood of a screwup. We had this talk as the 3 blade prop was becoming the status symbol that it is and the single engine turboprops just started coming out and the 5-7 blade prop was being looked at for them. For that reason I have stayed with my old 2 blade with its 100 hour AD. The $12,000 cost of 3 blades has nothing to do with it. I just keep going in for the inspection.
I agreed with the comments below on the ATC chatter. Thank you for CC but ATC chatter is on the CC.too! You are a smart guy. Do I video with Voice Over to eliminate You competing with the ATC chatter. Thanks for your good ideas.
A buyer has no right to demand an annual as a pre-buy unless he’s already paid and owns the airplane. Which would be stupid to buy without pre-buy. A pre buy is very different from an annual. A pre buy looks at things an annual does not. No seller in his right mind should allow a buyer to do an annual on his airplane. An annual has a regulatory process that requires certain actions by the IA. It can also ground the sellers airplane and the buyer can walk. A pre buy has no regulatory requirements. No matter what your contract agreement says, the seller is at great risk when letting some random buyer try to use an annual as a pre buy.
I found the ATC chatter while you Spoke annoying, why didn’t you turn the volume down, or not have it recording , I couldn’t watch the video all the way through because of it.
I've seen this comment on another of Frugal Mooney's videos and find it just as baffling as I do yours. As a pilot I am used to having a great conversation with the chatter and direction of ATC in the background. When I watch these videos, WITH the chatter, I feel like I am sitting in his passenger seat having a discussion. I would assume many non-pilots also enjoy hearing the chatter because it is real and it gives a sense of flying. Unless you are a pilot that flies NORDO all of the time, I don't understand how the chatter could prevent you from watching the entire video. I guess to each his own, but for me, I love the chatter in the background.
I have to tell you having someone pay for the annual that is also your prebuy is not fair. Your prebuy is your prebuy. You should ask the AP to begin an annual and start with airworthiness items. If red flags arise and you decide not to buy you stop at that point and pay for the hours used to that point. Inform the seller of the items and either come to an agreement or walk away. I would never pay for the mechanic that you chose
I did a poor job of explaining my reasoning during the video, so I'd like another chance. My fear of doing annuals as pre-buys is that it gives the seller motivation to back out of the deal and get a cheap annual for himself. Let's say the seller has been on the fence about selling the plane, but decided (regretfully) to sell it. I pay $2000 for the annual inspection and the list of items to fix is $500. At that point, the seller says "I've decided I don't want to sell after all - sorry for your time." The seller then pays the mechanic $500 to fix the airworthiness items and he now has a fresh annual on his plane that he only paid $500 for, and I'm out $2000 with no recourse. The agreement was simply that if someone backed out of the sale, the person backing out has to pay for the inspection (if I backed out, I still had to pay) - it was only done as a deterrent to prevent someone from backing out. In the end, I paid for the inspection.
![เจ็บที่ยังฮัก - ม่อน วรวิทย์ [ Official Mv ] จอนนี่มิวสิค](http://i.ytimg.com/vi/KALIGSRSjFs/mqdefault.jpg)
I did a poor job of explaining my reasoning during the video, so I'd like another chance. My fear of doing annuals as pre-buys is that it gives the seller motivation to back out of the deal and get a cheap annual for himself. Let's say the seller has been on the fence about selling the plane, but decided (regretfully) to sell it. I pay $2000 for the annual inspection and the list of items to fix is $500. At that point, the seller says "I've decided I don't want to sell after all - sorry for your time." The seller then pays the mechanic $500 to fix the airworthiness items and he now has a fresh annual on his plane that he only paid $500 for, and I'm out $2000 with no recourse. The agreement was simply that if someone backed out of the sale, the person backing out has to pay for the inspection (if I backed out, I still had to pay) - it was only done as a deterrent to prevent someone from backing out. In the end, I paid for the inspection. (Copied from a reply below).
I am currently in the middle of buying a vintage Mooney. My first plane, the plane went to get a pre-buy today, hopeful it all goes well. Thank you thank you thank you for this video.
I went through college 30 plus years ago, in an Aviation Physiology class we spoke about looking into the sun though a spinning prop. If the flash becomes the same as your brainwaves bad things can happen from lock up to seizure. It can increase fatigue dramatically and greatly increases likelihood of a screwup.
We had this talk as the 3 blade prop was becoming the status symbol that it is and the single engine turboprops just started coming out and the 5-7 blade prop was being looked at for them. For that reason I have stayed with my old 2 blade with its 100 hour AD. The $12,000 cost of 3 blades has nothing to do with it. I just keep going in for the inspection.
Again, I would love to have a copy of the agreement between the seller and yourself that you said a tourney drew it up
This was helpful. Any chance I can see how you wrote that up?
I agreed with the comments below on the ATC chatter. Thank you for CC but ATC chatter is on the CC.too! You are a smart guy. Do I video with Voice Over to eliminate You competing with the ATC chatter. Thanks for your good ideas.
Your panel looks crisp and clean. Did you purchase it that way or have the work done?? Great video.
I purchased it that way except for the fuel flow indicator - I had that added.
I couldn't hear what you were saying. Is there any way you can minimize the radio chatter? It is ruining your vlog!!!!
Thanks for the insight.
A buyer has no right to demand an annual as a pre-buy unless he’s already paid and owns the airplane. Which would be stupid to buy without pre-buy. A pre buy is very different from an annual. A pre buy looks at things an annual does not. No seller in his right mind should allow a buyer to do an annual on his airplane. An annual has a regulatory process that requires certain actions by the IA. It can also ground the sellers airplane and the buyer can walk. A pre buy has no regulatory requirements. No matter what your contract agreement says, the seller is at great risk when letting some random buyer try to use an annual as a pre buy.
Great idea! Question for you how did you find a good shop to do an annual for a plane not from your area?
Living the dream.
I found the ATC chatter while you Spoke annoying, why didn’t you turn the volume down, or not have it recording , I couldn’t watch the video all the way through because of it.
I've seen this comment on another of Frugal Mooney's videos and find it just as baffling as I do yours. As a pilot I am used to having a great conversation with the chatter and direction of ATC in the background. When I watch these videos, WITH the chatter, I feel like I am sitting in his passenger seat having a discussion. I would assume many non-pilots also enjoy hearing the chatter because it is real and it gives a sense of flying. Unless you are a pilot that flies NORDO all of the time, I don't understand how the chatter could prevent you from watching the entire video. I guess to each his own, but for me, I love the chatter in the background.
Love this video
I have to tell you having someone pay for the annual that is also your prebuy is not fair. Your prebuy is your prebuy. You should ask the AP to begin an annual and start with airworthiness items. If red flags arise and you decide not to buy you stop at that point and pay for the hours used to that point. Inform the seller of the items and either come to an agreement or walk away. I would never pay for the mechanic that you chose
I did a poor job of explaining my reasoning during the video, so I'd like another chance. My fear of doing annuals as pre-buys is that it gives the seller motivation to back out of the deal and get a cheap annual for himself. Let's say the seller has been on the fence about selling the plane, but decided (regretfully) to sell it. I pay $2000 for the annual inspection and the list of items to fix is $500. At that point, the seller says "I've decided I don't want to sell after all - sorry for your time." The seller then pays the mechanic $500 to fix the airworthiness items and he now has a fresh annual on his plane that he only paid $500 for, and I'm out $2000 with no recourse. The agreement was simply that if someone backed out of the sale, the person backing out has to pay for the inspection (if I backed out, I still had to pay) - it was only done as a deterrent to prevent someone from backing out. In the end, I paid for the inspection.
Where do you have your Mooney serviced?
Never buy an airplane from a Banker. 😇It was about two years before I got her running right.
Informative video, thanks! Always good to cheat death. (I have a B over at KARB).