Financing and Insurance for Mooney purchase

[manoflamancha]

I'm looking for good finance and insurance recommendations for my future Mooney purchase.

I've setup the prebuy annual for a 252 that I really like instead of the Rocket. Also to protect against fraud, what title and escrow service do you recommend as part of the buying process?

Thanks

Scott

[bonal]

_{AERO SPACE REPORTS is who i used a couple years ago for the title search real fast under a hundred very nice to work with and I'm very happy with AOPA for my insurance. every time I renew it gets cheaper. aero space number is 800 765 2336 or 405 728 4109 they are in Oaklahoma City}

[kmyfm20s]

Dave Savior has always got the best rates for me.  usaircraftfinance.com

[N601RX]

This is the best I've found. They are used by several both on Mooneyspace and Beechtalk.

http://www.airpowerinsurance.com

[Danb]

I use Einsiein Insurance co...a broker..302-328-6788

He a pilot, cfII and Faa examiner, In 30 yrs he has always beaten the competition

[manoflamancha]

Awesome thanks! Well the insurance on a Mooney 252 is way less than other makes considered such as Beechcraft and Cessna 182 which surprised me. Guess Mooney pilots are more cautious and don't make as many gear up landings as Bo drivers.

-Scott

[BigTex]

This is the best I've found. They are used by several both on Mooneyspace and Beechtalk.

http://www.airpowerinsurance.com

+1. I use these guys and they have very good prices for lower time pilots.

[M016576]

Dave Savior has always got the best rates for me.  usaircraftfinance.com

I second Dave Savoie at USAF. Top notch outfit.

[mooneyman]

Dan Garzelloni  at http://www.milehighmoney.com

 

Great guy!   Loves Mooneys!

[jetdriven]

Awesome thanks! Well the insurance on a Mooney 252 is way less than other makes considered such as Beechcraft and Cessna 182 which surprised me. Guess Mooney pilots are more cautious and don't make as many gear up landings as Bo drivers.

-Scott[/quote

I do t think it's so much the pilots as the airplane. Bonanzas built before 1984 have the switches hidden by the crossover bar on the yoke. That plus the gear is on the right side of the panel and most pilots learn to fool with flaps on the rollout, they grab the gear handle instead. If you have a rule to not touch anything on the runway it greatly lessens the likelihood of a mishap.

[manoflamancha]

True and could be the actuarial data that are responsible for much higher insurance rates on Bonanzas versus Mooney. A Mooney 252 is much faster than a Bonanza but the quotes for insurance were 1500 cheaper for me than the Bonanza and about same as an older 182.

[jetdriven]

Fwiw our insurance is about 60% more than my Bonanza-owning friend and twice that of my Arrow-owning boss. Which has the same engine and one of his named pilots does touch and goes all the time. :facepalm.

[Parker_Woodruff]

Call my former coworker, Cliff, at Falcon Insurance in Kerrville

800-880-4545

[chrisk]

Awesome thanks! Well the insurance on a Mooney 252 is way less than other makes considered such as Beechcraft and Cessna 182 which surprised me. Guess Mooney pilots are more cautious and don't make as many gear up landings as Bo drivers.

-Scott

I had a similar experience with my 231 when shopping.  The insurance on a 10 year older Bonanza was almost 2x.  I ended up going through AOPA for an insurance broker.  The insurance company ultimately turned out to be Chartis/AIG.

[carusoam]

+1 for Cliff and Brenda

-a-

[88drvr]

I used David Savoie and will "third" the recommendation. Also used Falcon and with various discounts, was shocked how cheap it is to insure a plane compared to my old sailboat.

Good luck

[PaulB]

I'll throw in my two cents.  Highly recommend David Savoie at US Aircraft Finance.  Took him only 4 business days from the first time I talked to him to actually close on the loan.  Interest rate was excellent, low closing costs, and always promptly returned my phone calls or email. A+

 

Also Cliff Bertoff at Falcon was able to beat everyone else by about a grand.  Also very quick to reply to emails and was very informative.  Again A+

[phecksel]

Some great suggestions in this thread!