Hello all!
I currently own a 1977 Piper 140 with very low time as far as 140's go. I just flew my 140 from KSEE to KHXD and only burned 1/2 of a quart of oil for the entire trip. The plane needs paint, but the original interior is in excellent condition 9 out of 10, with the original 1977 avionics. Where I going with this is.., I'm thinking of selling it and buying a 68 M20C. My plane needs paint and an avionics upgrade, so I'm looking at some big $$$ depending on how big I want to go on the avionics. Or, do I sell my plane and buy a Mooney? I could easily get $30,000+ for my 140 due to the low hours, TT3308 and Engine is TSO 984. All of my flying has been VFR cross-country time, that's why I'm thinking of selling my 140 and buying a 68 M20C. My flight hrs., I'm just under 300 hrs last I checked. Where I need your advice is, I'm at the beginning of my IFR training (12-15hrs in) and wanted to know your thoughts on using a Mooney to continue with my IFR. My 140 needs the upgrade to do IFR, the Mooney I can buy for $38,000 only needs one radio and something with the "wing leveler" needs to be looked at, it goes on unless you pull the button out. Not sure what that's all about, but I'm guessing some of you will. Have any of you done IFR training in a Mooney? Is it better to stay with a slower plane until I get my IFR? I would guess I'm looking at $15-20,000 to upgrade the 140. Is it worth upgrading or just put the $10,000 into the Mooney? UGH!! lol Please help me, Mooney Lovers! Thank you all for your time!