Looking to get into a Mooney

[klystron]

I've taken ownership of N1972W as of yesterday. Currently I have her parked at Elliot Aviation at KFCM because that's where the instructor is. I went ahead and made a new thread in the Vintage Mooney forum with pictures. 

Thanks again for all your help guys!

[Flash]

11 hours ago, klystron said:

I've taken ownership of N1972W as of yesterday. Currently I have her parked at Elliot Aviation at KFCM because that's where the instructor is. I went ahead and made a new thread in the Vintage Mooney forum with pictures. 

Thanks again for all your help guys!

Congratulations! Welcome to Mooney ownership. You have joined a great group.

[Doggtyred]

On 7/27/2016 at 0:23 PM, klystron said:

Thanks, yeah that is my concern. My absolute top right now is $60k, but that number goes up by about $2k-$3k every month. My goal ideally is to get an aircraft that I can use for 10+ years. So if I get what you're saying I should look for an airplane that has a good exterior and maybe crappy avionics? I know I probably can't afford both at the moment and I would rather have a solid airframe that I can upgrade vs one I have to patch in $1000 bills. 

So in a year, you could hypothetically buy a $90k plane? On the outside looking in, it appears like a little patience in the short run will put you in the position to have a GREAT buy down the road. 

[carusoam]

Too late...

He (klystron) bought the plane, got trained, and flew it home already...

Best regards,

-a-

[Doggtyred]

On 8/21/2016 at 1:06 PM, carusoam said:

Too late...

He (klystron) bought the plane, got trained, and flew it home already...

Best regards,

-a-

Yea.. I see that now...  And noted it after I finished reading the whole thread that day.

For whatever reason, the edits I tried to add to my post reflecting that... didn't upload. Probably pilot error. 

[gsxrpilot]

On August 21, 2016 at 9:06 PM, carusoam said:

Too late...

He (klystron) bought the plane, got trained, and flew it home already...

Best regards,

-a-

I'm all for being cautious buying airplanes... but at the same time, when it's time to jump, you can't hesitate.  Klystron did just that and I did the same thing. I sold my C using only Mooneyspace, and bought a 252 off of Controller, all in the span of 10 days.  Do your research in advance and then GO when the light turns green.

[carusoam]

The first time you try to buy a plane...  Every step takes a long time...

When you know exactly what you are looking for, and know all the steps, and are ready to go... Plus you have the experience of a nice plane getting away....

The next time you find Mrs. Wright...

you can go see the plane, write a purchase agreement, arrange PPI, finance, insurance,  and set up transition training and execute everything in under a few weeks.

I love buying machinery, with OPM...

only PP ideas, I don't have much experience buying planes...

Best regards,

-a-