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Well, I put N6740S [cgi.ebay.com] for sale. Why do I feel sick

I've flip-flopped on this decision countless times. But with no luck finding a good used engine, it's time to sell as-is, take a bit of a financial beating, and move on. I do look forward to owning a share of a plane and pursuing an instrument rating.

Hope you all will let me hang around the forum and attend to a fly in or two. I know....172s need to be parked out back at 150/152 events.

Any comments or suggestions on the eBay ad?

Eric,
Sorry to hear this.
I thought for sure you would have found an engine.

One question, do you have any reserves on the auction or just
High bid wins ?

By the way, when looking at the ad I think the price for outside tie downs at KFIT
that you put has one too many 0's (not that it matters)

Heck, we let that Bryan guy park among us with that Piper he drives. At least the 172 is a Cessna. You won't have to park in the very back. We'll put you in front of Brian.

Thanks Ron, I fixed the tie-down price. And there is a reserve.

Yeah, I talked to quite a few people about engines. But I was possibly a little too cautious and wanted to hear one run before buying it. There are engines out there that have 0-SMOH, but that doesn't seem like a good idea. The plane would probably be tough to sell that way. There was one engine that seemed like a good deal until I found a different description of his incident on a pilot's forum. He had told me that the prop was not struck, but that wasn't true. On a different one I was too slow. You snooze, you lose.

Even if I found an engine, I planned to sell it and buy a share of another plane and get the instrument rating. It didn't seem possible to make the plane airworthy for sale without losing more money on it. The increase in value would be less than the investment. And if I were looking for a plane with a new engine, I'd actually prefer to to buy a runout and take care of the overhaul personally.

If the bidding doesn't reach the reserve at $10k, maybe I'll consider installing a 0-SMOH engine and selling it that way.

Mark, were you a bully in school?

Reserve met already. I was starting to think it might be nice if it didn't sell. Oh well, don't get sentimental about inanimate objects.

Maybe it'll go 12-14k

It might go for 12 or so. That would be nice. Ya know, even before I advertised it for sale, some guy tracked me down and offered me $12K for it as-is. He didn't even want to hear it run or bother with a pre-buy inspection. I declined, thinking it was worth at least $14K and not quite having talked myself into selling. It was his lucky day! Then the crap hit the fan: new alternator, regulator, discovery of illegal prop & low oil pressure, etc. I'll bet he doesn't know how lucky he was. I hope he got a decent plane, that's a dangerous way to buy.

Was he going to pay with a $20,000 check and you could just give him your plane and the change?
John

He could've been a broker buying them to ship to China. He wouldn't really care about its not-so-obvious problems.