Newguy Posted May 12, 2011 Report Posted May 12, 2011 2 questions today. How much, if any, corrosion is normal or acceptable. I called a broker the other day and asked if the Mooney he listed had any corrosion he was aware of. He stammered just a bit and said all planes of this vintage have some corrosion and this one was ok. (This was a 60s vintage). Made me a bit nervous. The other question is I have seen a few planes listed that say the log book is missing prior to whenever. How does this affect the value of the aircraft. I assume damage could be done and have no record either since logs are missing? Thanks. Dan Quote
richardheitzman Posted May 12, 2011 Report Posted May 12, 2011 Log book loss reduces the overall value of the aircraft (depending on how long ago) from 15 to 20% and I am sure some people will disagree. All aircraft have corrosion but places that it is not acceptable will be, tubular structure, wing spar, landing gear area. Places you will see it the most, wing skin surface area, floor board areas, anyting exposed to the elements. Proper care can keep corrosion in check. Quote
1964-M20E Posted May 12, 2011 Report Posted May 12, 2011 Major repair or alteration form 337’s are filed with and kept by the FAA in OK and you can get copies of these. If I understand correctly legally the log books only need to go back 1 year. However, it is in the owner’s best interest to maintain and keep these books to preserve the value of the aircraft. Quote
N601RX Posted May 12, 2011 Report Posted May 12, 2011 Quote: 1964-M20E Major repair or alteration form 337’s are filed with and kept by the FAA in OK and you can get copies of these. If I understand correctly legally the log books only need to go back 1 year. However, it is in the owner’s best interest to maintain and keep these books to preserve the value of the aircraft. Quote
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