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Hopefully I am not overstepping any boundaries here as I am not a pilot(yet). However, I would truly appreciate your advice here on a unique opportunity. Eight years ago I started ground school in preparation for obtaining my private pilot's license. Shortly after I started, my mother passed away unexpectedly and from that point until now I've had the usual share of distractions that kept me from pursuing my license again. I have recently started shopping around for a good flight school or flying club nearby to take lessons (taking note of how much the prices have increased since 2000!) As luck would have it, I have the opportunity to acquire a 1969 Piper Cherokee 6 with about 8000 hours on it for what seems to be a very good price. The plane has suffered from neglect over the past 2 years or so. A mechanic says it needs an engine overhaul, new prop and various other repairs. The plane is owned by a company my retired father has a 1/3 interest in and is in the process of liquidating it's assets. Thus, I have perfect knowledge about the seller, the plane, the former owner and intentions so there is no risk here from that standpoint. I basically have two questions: 1) Is this a good plane for a beginner? Since I would be looking at spending several thousand on rental fees to get my license, does it make sense to learn in this plane instead? Is it a difficult plane for a beginner to learn? 2) What are your thoughts/experiences about purchasing a 40 year old plane with 8000 hours in need of some significant repairs? The former owner flew the plane often for business and recreational purposes primarily across the western US. Passengers only, no cargo. Looking on the open market, it appears I can acquire the plane ridiculously below the lowest asking prices I have seen. Family friends are pilots and retired mechanics so I will be able to get high quality advice on what should be repaired/replaced. The plane is getting a routine annual now, and will be flown to another airport for storage so it is safe to operate. What would you think is a reasonable amount to spend on repairing this plane? What concerns might you have about safety, reliability, longevity, etc? Is this just a harebrained idea from some wanna-be pilot? :D Again, apologies if this is a bit much to ask. I figure a forum like this of experts is the best place to get a set of honest opinions. Thanks for your time and patience, your honest responses are greatly appreciated.
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