Goodyear, AZ 85395, US
Re-negotiations
The pre-buy inspection finds some flaws
Of course it did, right? That is why you paid $1000 to have someone look at the plane and give you an independent assessment.
What is broken? What is fair?
In my case, the 6 page list I referred to had lots of things listed, and the prices to fix each. Some of those things were informational only, and there was no cost associated. For instance, one was JPI shows warning on climb out for temp on cylinder #1. It also gave me the compression values for each cylinder. There is nothing to fix but it was included.
There were 2 big things. The first was the prop. The shop that did the inspection said they would not annual the plane with the prop that was on it. I knew it had 1700 hours on a 2000 hr TBO, it had a value of $4000 if it could be overhauled. However, the shop also warned that it may not be able to be overhauled, and may need to be replaced. That price could be $13,000. I assumed the worst. I assumed that the prop would need to be replaced. However, I also knew that the prop's age was calculated in the sale's price. I asked for a discount of 15% of $13000, or $1950.
2nd. The mags had 400 hours out of 500 before they should be overhauled at $500 each. I asked for those amounts to be split 50/50.
The rest was a bunch of little stuff that added up to about $3000, I also asked for that to be split 50/50.
Long story short, I sent the list to the seller, and asked for a $4000 discount based on a list that could cost $8000 or $17,000 for me to make right. The seller accepted my offer. We adjusted the PSA, and we had a deal.
It certainly could be said that I could have asked for a "better" amount, but over-reaching could have soured the sale. While it is possible I might could have saved a couple more thousand dollars, I believe I got the right plane for me, at the right price.