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1962 PIPER PA-28-160

1962 Piper PA-28

Cleburne, TX Listed 2 months ago

About this aircraft

$75,000 · ACCEPTING OFFERS · Available for immediate sale: 1962 Piper PA-28-160 Cherokee (N5398W, Serial Number: 28-466). This airframe is a highly capable cross-country platform, also compatible with or similar to the PA-28-150 and PA-28-180 series. It features a low-time Lycoming O-320-B2B engine and an extensive modern avionics suite, including an autopilot and engine monitor Complete up to date logs. More information and photos available on the specs sheet.

Specifications

Year
1962
Engine
Lycoming O-320-B2B

Avionics & panel

Autopilot installed

Autopilot listed but no GPS navigator detected. Ask the owner about the full IFR navigation suite.

Autopilot
  • autopilot
  • engine monitor

Equipment list extracted from the seller's description. Verify with logbooks before purchase.

How this stacks up

1 to ask about

  • Listed 2 months ago

    On the market for a month or more — worth asking about negotiating room

  • 2/5 key specs

    Key information is missing — ask the seller about hours, engine time, and registration

This summary draws on signals shown in detail below — price comps, listing age, maintenance and engine status, and key specs. Read each section for full context. Not an appraisal.

Cost to own

Rule-of-thumb estimates — insurance ≈ 1% of price, hangar $7,500/yr, annual inspection $2,500/yr, fuel + oil at your selected hrs/yr. Your actual costs will vary.

As a sole owner

$1,896/mo$22,750/yr

≈ $228 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$75,000 to buy (the asking price)

At 100 hrs/yr, renting at $150/hr would be $7,750 cheaper annually — fly more to see ownership savings.

OwnershipBuy-inMonthlyAnnual
Full ownership (sole)$75,000$1,896/mo$22,750/yr
1/2 share$37,500$1,448/mo$17,375/yr
1/3 share$25,000$1,299/mo$15,583/yr
1/4 share$18,750$1,224/mo$14,688/yr

Buy-in is the asking price split evenly across partners — what you'd each pay to acquire the aircraft (the real figure is negotiated). Fixed costs (insurance, hangar, inspection) split equally by number of partners; fuel/oil is per-pilot since each partner flies their own hours.

Run your own numbers Find a co-owner on ClubHanger

Price

$75,000

Co-ownership available

2 co-ownership shares listed for Piper PA-28 aircraft on ClubHanger.

From $16,000 buy-in — split the fixed costs with a partner instead of owning outright.

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Listing trust

1/4
  • Complete detailsYear, registration, make/model, and a full description.
  • Maintenance disclosedAirframe (TTAF) and engine (SMOH) times are listed.
  • Transparent priceA real asking price, not "contact for price".
  • Posted by a memberListed by a signed-up ClubHanger member, not a scraped aggregator.
What do these mean? →

View the original listing

This aircraft is listed on Barnstormers. Contact and full details are on the source site.

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