good morning, everyone. we're still at it with the purchase. several weeks in and we're still trucking right along. insurance quote is lined up and all that's next there is 'binding it in'. the pre-purchase was completed a few days ago and the report came back fairly straight-forward, ".. it's a really clean, nice airplane in good shape."
with only a handful of items to address, the next ask was completing the annual - which i elected for. a couple 'big ticket' items to address during pre-buy: stall warning horn is INOP and #1 cylinder compression was in the 40's whilst others were in the 70's..
myself and the mechanic (and a few others) have all agreed that this plane just simply doesn't run. the last time i've known it started and ran to temp was the quick fire-up i completed and then sometime last (early fall). the plane never really sees the light of day beyond that hangar.
so maybe the rings didn't set quite right for the compression test.. the plan is to warm up the engine (change the oil as well) and then complete another compression test.
from memory, i recall the last annual logbook entry stating that #3 was the low one in the high 60's and the rest in the 70's -
i'm confident we'll get there. if not... well.... THEN, we can all start talking about worst case scenarios!
once we've got a date in mind for the annual, aircraft will head to warm, lit, heated hangar and annual will begin. after that - i'll look to get a week of LV (leave) and head down for instruction time, familiarization flight time, knock the rust off, and XC plan back to KCLM!
got a hangar lined up here, got a new separate account started for funding this new... hobby(?).. err, Chapter(?)... career(?)... adventure!
keep you posted as details unfold.
the last thought is to discuss with 'seller' to inquire about (maybe?) a sales price reduction? while i agreed to pay in full, as advertised - i'm confident we'll be able to reach an understanding with the pre-buy / annual findings that need to be addressed.
cheers folks!