zerobearing2 Posted January 11, 2016 Report Posted January 11, 2016 I’m reluctantly coming to the conclusion that I’ll need to step up to bigger aircraft. With my family growing (now 4 of us), my M20C just doesn’t have enough space / plus gear. I would appreciate your thoughts on what you think she’s worth in this market? Clearly I have way more avionics than any typical C, so I figured I'd poll the experts for pricing advice. Here's the details: 1968 M20C Mooney s/n 680077 Engine: - Lycoming O-360-A1D Prop: |- 3 Blade Hartzell Aircraft Total Time:- 1500 Hours (estimated, logbooks still at the shop) Engine & Prop Time:- 800 Hours since overhauled (estimated, logbooks still at the shop) Avionics:- Aspen PFD Pro - Garmin 430W - Garmin 430 (non-WAAS) - Garmin 327 Transponder - Garmin 340 Audio Panel - Prewired for Garmin 496 (ship power/fused) - Brittian Accutrak - JPI fs450 Fuel totalizer - Vertical card compass Miscellaneous:- 924 useful- Extensive panel upgrade - All new circuit breakers - 1 piece windshield - J-Bar Manual Gear - Hydraulic flaps - PC wing leveler (working great) - Upgraded Pilot/Copilot seat belts (w/Shoulder Harness) - Engine cowling plug covers - Kennon Aircraft Sunshields - Interior - 5 - Exterior Paint - 6 - Engine overhauled due to prop strike before I purchased in 2008 - Hangered since 2008 Recent Maintenance:- Annual completed 9/2015 - Fresh W&B - 2015 - Overhauled Fuel selector - 2015 - New Battery - 2015 - All new hoses & brake lines - 2015 - New Throttle cable - 2013 - All new plugs - 2013 - All AD's complied - Complete logs Here are some pictures of the panel before & after: https://goo.gl/photos/b2KK2gbs4KkS5MmH6 Thanks, -Dave Quote
zerobearing2 Posted January 11, 2016 Author Report Posted January 11, 2016 Correction: Aircraft Total Time:- 2500 Hours (estimated, logbooks still at the shop) Quote
Hank Posted January 11, 2016 Report Posted January 11, 2016 Check the estimator posted in The Mooney Flyer. It's online, check the boxes and get a number. I love my C . . . Quote
DonMuncy Posted January 11, 2016 Report Posted January 11, 2016 Check the estimator posted in The Mooney Flyer. It's online, check the boxes and get a number. I love my C . . . Does anyone know how often that estimator is updated and who does the numbers. Back when Jimmy Garrison was writing the columns for MAPA, they were redone every few months. It is my understanding the Flyer version is/was based on Jimmy's numbers, but I don't know if it is an ongoing process. Quote
kevinw Posted January 12, 2016 Report Posted January 12, 2016 Check the estimator posted in The Mooney Flyer. It's online, check the boxes and get a number. I love my C . . . Does anyone know how often that estimator is updated and who does the numbers. Back when Jimmy Garrison was writing the columns for MAPA, they were redone every few months. It is my understanding the Flyer version is/was based on Jimmy's numbers, but I don't know if it is an ongoing process. I've wondered this also. My guess is not in a while. There are many avionic upgrades that aren't "adds" to the value. ADS-B, dual gps and glass (such as Aspen PFD) come to mind. It's helpful for a rough number but I think needs some work. Sent from my iPhone using Tapatalk Quote
glafaille Posted January 12, 2016 Report Posted January 12, 2016 (edited) Trade-A-Plane has an aircraft value estimator that I find works pretty well and allows entry of almost any type of installed equipment. I find it very useful, but ultimately the plane is worth what some else will pay. Just ran the plane through the NAA evaluator on the Trade-A-Plane website. I entered all the electronic goodies, airframe, engine and I estimated the prop time as it wasn't given. I was not able to account for things like new circuit breakers, 1-piece windshield and plug covers. With that in mind the evaluator says the fair market value is $53,934, which is well above the average high range for this year, make and model which is $45,000. The fair market value includes $20,336 for the avionics package. I have been shopping for planes for awhile now and my method of establishing a value is to average the NAA estimate, AOPA evaluator, and the Mooney Flyer evaluator. Using all three sources I think I arrive at a pretty accurate price as measured by an estimate from the Aircraft Bluebook provided by an aircraft loan officer with a bank that closes a lot of aircraft loans. Edited January 12, 2016 by glafaille Quote
glafaille Posted January 12, 2016 Report Posted January 12, 2016 Zerobearing2- On another note, I am considering the purchase of a Mooney from a person in a boat very similar to yours, a "moving up" type of boat. He bought a Piper Lance and is very happy with it. Looks like a great plane for a family, able to carry lots of stuff! Quote
zerobearing2 Posted January 12, 2016 Author Report Posted January 12, 2016 Thanks for the tips! This will definitely help me narrow down an asking price Cheers! Dave Quote
carusoam Posted January 12, 2016 Report Posted January 12, 2016 If my C was anywhere near as nice as the OP's... I would have traded it in as part of the buying experience... Ask David and Jimmy if they are taking trades. An O makes a really nice Mooney for a family of four. Best regards, -a- 1 Quote
eman1200 Posted January 12, 2016 Report Posted January 12, 2016 Nice looking plane. Actually a little more than I need. Quote
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