I know that there are a few posts about buying a Mooney on this site, but I am a newbie in the aircraft buying world and I am looking to get some help. I am a pilot in the USAF with the C-17 and I looking to own airplane that can get my wife and I to her homwtown of Greenville, MS & and to my hometown of Buffalo, NY. I like the money because it moves and is a little sportyer than the Pipers I grew up in.
I have never owned an airplane and the only thing(s) that I am intimidated by are the maintenance costs. I am very interested in a 1975 Mooney 20E, 2 blade, a lot of Garmin inside, and I would say 8/8 inside and out. Aside from the price of the plane, what are some of the costs you all have seen with: landing gear, propeller inspections, annuals for a plane this age, and other misc costs?
The only costant costs thus far I can come up with are the payment for the plane, hanagar, oil, and fuel. After spending 50K on a plane and $250 for a hangar...what are some of the costs that I may incur? I would guestimate that I will fly roughly 20 hours per month.
ANY and ALL inputs would be greatly appreciated!!!
Frank
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My eyes are gravitating towards this bird....
Type— Mooney Model— M20E YEAR— 1965 Air Frame TT— 4600 Engines SMOH— 750 Props SMOH— 116 Engine HP— 200
Classified Ad
1965 Mooney M20E TTAF 4600, TSMOH 750, TSPOH 116, Good condition, Complete logs, sold w/ fresh annual. Many upgrades, Hangered, well maintained $58,900. Call 941 639 1000
Avionics
Audio Panel— Garmin GPS— Garmin GNS430 Garmin MX20a Nav/Com—Garmin430 Nav/Com— King 165 Transponder— Narco Auto pilot— Brittan 2 axis ADF— Terra Stormscope— WX 500 HIS— Century Full IFR
Exterior Paint good Windows good (1/2”)
Interior Good
Other Equipment Garmin MX20a moving map (IFR certified) Garmin voice activated intercom Shaddin fuel flow (coupled to 430/MX20) Stormscope (coupled to 420/MX20) GDL69 coupled satellite interfaced w/ Sirrus weather Jeppesen maps and approach plates JPI 4 cylinder GET/temp Gami tuned injectors Tuned exaust Cowl closure Stand by vacuum Relocated oil filter Flap gap seals Wing root and empennage fairings Single piece belly pan 201 upgraded windscreen, panel, and 201 landing gear pucks Electric gear with upgraded landing gear motor (2009) Dual ILS Wing leveler