FN FAL said:
Get yourself into a thuroughbred like the Cessna 320 with the TSIO-470's...nothing like owning a twin that costs you 12,000 bucks a year in annuals and sports engines with no factory support.
Ask your plane mech if he/she ever heard of TSIO-470's?
Don't get caught with your pants down...go look up "aviaiton consumer" on google and buy their used aircraft reports for the aircraft you thinking about buying. You won't regret the 8 or 12 bucks you spend, believe me.
FN,
I saw this post today on the CPA web site, and remembered your "suggestion" of a C-320...
This morning I spoke by phone to a CPA member who purchased a Cessna 320 last year for about $70K. Five months ago, he put it in the shop for annual inspection. The flat rate was about $2,160 (relatively modest for an aircraft of this complexity).
After the inspection, the shop told the owner to expect the bill to be about $4,000. Subsequently, they found that both turbochargers needed to be overhauled and upped the estimate to $8,000. Over a period of a month, they repeatedly upped their estimate, first to $12,000 and ultimately to $18,000. According to the owner, $18,000 was the last estimate the shop gave him. He was obviously upset, but felt he had no choice but to authorize the shop to proceed with the work. (He didn't take my seminar!)
After five months, the shop informed him that the airplane was ready and approved for return to service, and presented the owner with an invoice for
(are you sitting down?) $46,000! Predictably, the owner went ballistic. The shop magnanimously offered to reduce the amount to $40,000 but said that was their best and final offer.
The owner has hired a lawyer. The shop has the airplane locked up, and has filed for a mechanic's lien. Everyone is going to lose big-time on this one.
The owner sent me a copy of the $46,000 invoice, and kindly gave me permission to use it as an exhibit in my seminars. It was four single-speced typed pages in length. $21K in labor, $16K in parts, $2,160 for the flat-rate annual, and a few odds and ends.
Now I really hate to second-guess any shop without having heard their side of the story (and there are always two sides). But I must say that I found some of the items on the invoice breathtaking. One item is for 80.0 hours of labor ($4,800.00) for "fuel and turbo adjustments." Another one is 14.0 hours ($840.00) for "linkage adjustments." One of my personal favorites is a $1,016.49 charge for 327.90 gallons of fuel. (The airplane only holds 140 gallons with all tanks full. I guess 80 hours of fuel system and turbo adjustments must use a lot of gas.)
Now THAT'S what I called getting shafted ... or perhaps raped.