We bought a 67 m20c with significant damage . the damage was from 1967 (aircraft had 105 hours at time of damage) aircraft was repaired. Aircraft has 3700 hours and she flys straight . Her performance numbers are at POH numbers . She sat for 10 years outside . On the plus side was price , she flys straight and engine was factory overhaul with new crank (900 hours). ON minus side was she needed every thing!
She was taken apart and is almost back together .
0 timed engine . overhauled gear. new glass .new panel . new avionics . stc windshield, gap seals . she is stripped but still needs paint and interior . The tail and control surfaces are removed and have been painted.
WE are making her as close to new as we can get her. We are 90% done. We paid 7K for her . The big cost avionics (gtn 650 gtx345 gma 345 gnc255 two g5 flight stream 510).We plan to fly 1000 hours next 2 years . NO plans to ever sell her.
Because the airplane flys straight and performs at poh #s and the price was adjusted I felt good about the purchase.