Loan approval complete - Now, which plane?
Posted: Thu Feb 28, 2013 12:55 am
Yes it’s me again……
Ok so I have approval for an airplane through Red River State Bank. I want to say thanks to LBPilot82 for his suggestion to try the Red River State Bank in the “Cessna 170 Loan Issues” thread. I also want to thank bigrenna for recommending Dorr Aviation as they too were open to lending but one of my plane options was going to be below their minimum loan amount after paying the required down payment and their rate was a 1/2 % higher. Thanks also go out to bagarre for the info on Bank of Glen Bernie as they were open to loaning on plane but as you stated they may not loan to out of staters and indeed they do not. If I missed anyone please accept my apology.
Now the process is not over as I still have to get the plane approved by their under writers.
Yes I am still in the search phase of this plane purchase roller coaster. I do appreciate the advice I have received through multiple threads.
I am not asking you to hold my hand here or make my decision for me (or I don't think I am) but advice is requested and will be appreciated.
Plane A
This first plane is an early model 170A that is a fur piece away but not out of the question at all.
The paint is more like a 3-4/10, it has many spots where the paint is missing, mainly in many of the seams on the fuselage aft of the wings. I know a paint job is in order sooner than later. It has a very appealing interior over all, everything in nice shape and has been updated. It has a KX125 Nav/Comm and a KT76A transponder. Looks like updated gauges and fuses, not sure about the wiring. Just an overall nice looking panel. Just over 3000 TTAF and under 400 SMOH, with good glass. It’s been a couple months but both my uncle and I agree this is the straightest of the ones we have seen, very little hanger rash if any. Once downside to mention is that it does not have toe brakes on the co-pilot side.
Plane B
I have found a 1955 170B a little closer to home than the other three trips which makes this plane look really good but I am trying to not let that part sway my decision to much. I would consider it good (7-8/10) paint with a very few small quarter size spots missing paint, mainly around the pilot side door hinge. I think I could live with them at the end of the day. I don’t know what a 170 looked like in 1955 but from looking and chatting with the owner it’s all original avionics equipment. Has a level wing autopilot or something like that. A KX170B Nav/Comm, Genave Alpha/200 (I don’t know what that is, another Nav/Comm?), KT76 Transponder, and an ADF but can’t read the model number from my pics. However the overall look of the panel is easy on the eyes. I think it is an average to nice looking panel as it does not look bad. Original interior side panels but updated headliner, seat upholstery, and carpet. Around 2200 TTAF, and around 450 SMOH. Needs a new windshield but could probably live with it for a bit as long as I don’t fly into the sun . The body of the plane is in good shape I think for a 58 year old plane, it has some hanger rash but nothing that is really damning. I know some of your view points on the logs but I have to mention this. They guy has owned this for 30+ years and claims that someone stole his log books back in the early 90’s. So he only has the logs since then. I am waiting on the paperwork from the FAA on this plane to review what they have. Not sure what to do on this log issue but I’m listening. It does have wheel pants but are not installed.
Just looking for pointers here as there is a $9000 dollar price difference in these two planes. I know some of you don’t like the missing logs issue and some of you wouldn’t think of buying the A model. I originally was set on a B until I seen this A and I am having a hard time passing on it. I have talked with two instructors that say they don’t have a real issue with the missing toe brakes which I was surprised by.
A concern I have is the heater in the A model. I flew for 3 hours in an Aeronca Champ the past weekend and although it was only in the high 30’s my feet became uncomfortably cold while riding in the back seat while the front seat guy was burning up. Is that how it will be in the A model when it comes to heating the back seat area? What percentage of my flying will be in the winter and what percentage of that percentage will my wife be in the plane is in question but it won’t take to many trips with her in cold weather to make me think about my decision if she is cold. My wife has had it ninety degrees in our upstairs office before and not be uncomfortable. Not normal….but I still have to live with it.
I am around 1200 msl working off of 2000ft and 1600ft strips. Hoping to take my wife and two kids (both under 4 years but expect them to grow up) out of these strips.
As has been mentioned many times before the big differences are the heater and the flaps. I read something about the dihedral which I don’t get or understand if it will improve squat when it comes to performance.
I understand there are many things to think about when it comes to things not seen from a quick look over. That will be dealt with in more detail when I pen this down to one plane.
When it comes to mods what can I not do to the A model that I can do to the B model? I was thinking when I contacted sportsman about their STOL kits they did not have an STC for the A model and I was thinking I read on this forum somewhere that installing harness was a bit more work than on a B model. If I am interested in a climb prop at some point do I need to verify any engine related info? Are VG’s available for the both models?
I know some of this on me. What in the heck do I want in a plane? I want the A model to be a B model, is what I want, but then it would probably be out of my price range.
I heard it said on it before a low time engine and a straight plane are most important. Both of these pretty much fit this bill as far as I can see thus far.
How much more is a B model worth to me? Good question.
Holy cow I typed a lot of info…..Hopefully you have read to this point to see me say a big Thank you!!
Ok so I have approval for an airplane through Red River State Bank. I want to say thanks to LBPilot82 for his suggestion to try the Red River State Bank in the “Cessna 170 Loan Issues” thread. I also want to thank bigrenna for recommending Dorr Aviation as they too were open to lending but one of my plane options was going to be below their minimum loan amount after paying the required down payment and their rate was a 1/2 % higher. Thanks also go out to bagarre for the info on Bank of Glen Bernie as they were open to loaning on plane but as you stated they may not loan to out of staters and indeed they do not. If I missed anyone please accept my apology.
Now the process is not over as I still have to get the plane approved by their under writers.
Yes I am still in the search phase of this plane purchase roller coaster. I do appreciate the advice I have received through multiple threads.
I am not asking you to hold my hand here or make my decision for me (or I don't think I am) but advice is requested and will be appreciated.
Plane A
This first plane is an early model 170A that is a fur piece away but not out of the question at all.
The paint is more like a 3-4/10, it has many spots where the paint is missing, mainly in many of the seams on the fuselage aft of the wings. I know a paint job is in order sooner than later. It has a very appealing interior over all, everything in nice shape and has been updated. It has a KX125 Nav/Comm and a KT76A transponder. Looks like updated gauges and fuses, not sure about the wiring. Just an overall nice looking panel. Just over 3000 TTAF and under 400 SMOH, with good glass. It’s been a couple months but both my uncle and I agree this is the straightest of the ones we have seen, very little hanger rash if any. Once downside to mention is that it does not have toe brakes on the co-pilot side.
Plane B
I have found a 1955 170B a little closer to home than the other three trips which makes this plane look really good but I am trying to not let that part sway my decision to much. I would consider it good (7-8/10) paint with a very few small quarter size spots missing paint, mainly around the pilot side door hinge. I think I could live with them at the end of the day. I don’t know what a 170 looked like in 1955 but from looking and chatting with the owner it’s all original avionics equipment. Has a level wing autopilot or something like that. A KX170B Nav/Comm, Genave Alpha/200 (I don’t know what that is, another Nav/Comm?), KT76 Transponder, and an ADF but can’t read the model number from my pics. However the overall look of the panel is easy on the eyes. I think it is an average to nice looking panel as it does not look bad. Original interior side panels but updated headliner, seat upholstery, and carpet. Around 2200 TTAF, and around 450 SMOH. Needs a new windshield but could probably live with it for a bit as long as I don’t fly into the sun . The body of the plane is in good shape I think for a 58 year old plane, it has some hanger rash but nothing that is really damning. I know some of your view points on the logs but I have to mention this. They guy has owned this for 30+ years and claims that someone stole his log books back in the early 90’s. So he only has the logs since then. I am waiting on the paperwork from the FAA on this plane to review what they have. Not sure what to do on this log issue but I’m listening. It does have wheel pants but are not installed.
Just looking for pointers here as there is a $9000 dollar price difference in these two planes. I know some of you don’t like the missing logs issue and some of you wouldn’t think of buying the A model. I originally was set on a B until I seen this A and I am having a hard time passing on it. I have talked with two instructors that say they don’t have a real issue with the missing toe brakes which I was surprised by.
A concern I have is the heater in the A model. I flew for 3 hours in an Aeronca Champ the past weekend and although it was only in the high 30’s my feet became uncomfortably cold while riding in the back seat while the front seat guy was burning up. Is that how it will be in the A model when it comes to heating the back seat area? What percentage of my flying will be in the winter and what percentage of that percentage will my wife be in the plane is in question but it won’t take to many trips with her in cold weather to make me think about my decision if she is cold. My wife has had it ninety degrees in our upstairs office before and not be uncomfortable. Not normal….but I still have to live with it.
I am around 1200 msl working off of 2000ft and 1600ft strips. Hoping to take my wife and two kids (both under 4 years but expect them to grow up) out of these strips.
As has been mentioned many times before the big differences are the heater and the flaps. I read something about the dihedral which I don’t get or understand if it will improve squat when it comes to performance.
I understand there are many things to think about when it comes to things not seen from a quick look over. That will be dealt with in more detail when I pen this down to one plane.
When it comes to mods what can I not do to the A model that I can do to the B model? I was thinking when I contacted sportsman about their STOL kits they did not have an STC for the A model and I was thinking I read on this forum somewhere that installing harness was a bit more work than on a B model. If I am interested in a climb prop at some point do I need to verify any engine related info? Are VG’s available for the both models?
I know some of this on me. What in the heck do I want in a plane? I want the A model to be a B model, is what I want, but then it would probably be out of my price range.
I heard it said on it before a low time engine and a straight plane are most important. Both of these pretty much fit this bill as far as I can see thus far.
How much more is a B model worth to me? Good question.
Holy cow I typed a lot of info…..Hopefully you have read to this point to see me say a big Thank you!!