If you only need one seat I'd be willing to bet a registered TEAM HiMax could be found pretty cheap. Some of them are built light and are ultralights and some are built heavier and registered experimental.
If you want two seats you could probably find a Kitfox for a reasonable price.
Just get a 150, bought one three years ago for 16K put 500 hrs on it and then sold it for the same amount. The DOC was around $24/hr (w/ avgas at $2 gal).
Mogas STC is sold at $10 per HP or $1000. Thats a pretty pricey placard.
Also, try and find a shop that does owner-assisted annuals. Great way to save money and learn alot at the same time.
C150/152 bought "right" with enough engine TBO reserves to take you to the TT you're looking for. You can sell it for what you paid for it. Other aircraft are available, but check on resell ability. Can you move it easily without looking for a specialty market.Not the last word, but a recommendation. There are several aircraft types that'll work for you.
I had a 1965 Citabria 7ECA purchased for $15K. 100 horsepower, tandem seats, mode C, radio. Mogas. Sold it for $17,900. It was at 3,000TT on the airframe AS WELL AS the engine. It had a top overhaul, though. Flew it for about 6 months and sold it. Engine never burped once. Great plane, good price, even better selling price...
I'm not familiar w/aircraft loans. What kind of monthly payments do you end up with on a $20K C150/152? How about insurance? I'd love to get one to visit my mom (4hr drive vs. 40min. flight).
Loops, hammerheads, snaprolls, spins, rolls...anything else I missed? It doesn't do inverted flight unless you get something like a Decathlon with the inverted system. A '65 7ECA isn't an aerobatic dream machine, but it does it better then a 172.
A Citabria would be a good choice. You can remove the door for photography. It's pretty docile for aerobatics and tame for a taildragger. Cheap to aquire and operate, although they range from dirt cheap to $35,000 for a good used 7ECA. The 7GCAA's and Decathlons are more pricey. You can get all the frills, nice paintjob, nice interior and that costs more. You get what you pay for, but mine served me just fine.
I have a 1969 C-150 that I am selling for 20,000; located in Grand Prairie TX. I bought it for the same reasons, 3.5 hr drive versus 40 minutes flight. My loan is 224.11/month, insurance is $550/year with no deductable. Tiedown $30/month. Auto Gas STC, Mode C, VFR instruments, getting it's annual now. My per hour cost is about $35/hr. 800 +/- SMOH 4500TT.
PM me if you are interested.
I bought a runout 150 that had been sitting for 5 years in a hangar. Eventually I restored it, building a new engine and putting King IFR in it. Sold it for more than I paid for it and built all my time for the price of avgas and oil changes. It can be done.
Half a million liability and 50k per occupant and 20k hull cost me less than my yearly Daewoo insurance.
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