Parting out vs Selling?
Posted: Thu Dec 01, 2022 3:55 pm
Hello there. I'm not doing anything radical here any time soon, but I am curious to know if anyone has parted out a perfectly good C140 instead of selling it, and how did that work out if you did? I have been maintaining my own airplane since 1991. My grandfather had it under his care since the early 70s before that. If I were to sell it to someone, and that person were to say be 150 pounds over gross, then run it out of gas and pile it in on their first solo; I would be the AP/IA that gets sued when the engine experts tear down the engine and find the seals "friable"......This makes me nervous and, while I like you all, I just don't trust any of you. (Or, at least, not your lawyers).
I guess the next option would be to tear it all apart, take pictures and sell it in individual pieces, I.e., 10K in used avionics, 6K for the A model landing gear, 9K for the C90, 1K for the prop.... (You know, that kind of thing)
As I write this, one more option comes to mind. Maybe I just roll it out of the hangar, fly to the empty field behind my house, open the gascolator and toss a match. A bit like a Viking funeral of old.
Obviously, I am having a bit of fun here, but the liability aspect of selling to the newest tail wheel "Peter Pilot", for me personally seems mighty high. I have an outstanding airplane, (don't we all?), and in one way or another, I have touched every system and structure over the years with very little outside help. (Avionics Place and Aircraft Systems and Poplar Grove Airmotive have also kept up certain "key" components tidy for me as well). I would be very exposed financially if the awful were to happen post "sale". The person I would have asked this question of first would have been my grandfather, who passed away a number of years ago and since no one else in my family really cares about flying, I will enjoy reading your take on my question. -Kg
I guess the next option would be to tear it all apart, take pictures and sell it in individual pieces, I.e., 10K in used avionics, 6K for the A model landing gear, 9K for the C90, 1K for the prop.... (You know, that kind of thing)
As I write this, one more option comes to mind. Maybe I just roll it out of the hangar, fly to the empty field behind my house, open the gascolator and toss a match. A bit like a Viking funeral of old.
Obviously, I am having a bit of fun here, but the liability aspect of selling to the newest tail wheel "Peter Pilot", for me personally seems mighty high. I have an outstanding airplane, (don't we all?), and in one way or another, I have touched every system and structure over the years with very little outside help. (Avionics Place and Aircraft Systems and Poplar Grove Airmotive have also kept up certain "key" components tidy for me as well). I would be very exposed financially if the awful were to happen post "sale". The person I would have asked this question of first would have been my grandfather, who passed away a number of years ago and since no one else in my family really cares about flying, I will enjoy reading your take on my question. -Kg