M20J Values

[jax88]

Anyone got the Jimmy Garrison M20J valuation handy?

[Cruiser]

new ones just came out in the lastest MAPA magazine. His comments were positive because sales were improving in the last few months.

[John Pleisse]

Last number of issues should still be on MAPA's site.

[jax88]

yeah, I'm not a member

[231Pilot]

Just figured the value of mine using the current Garrison valuation, worth about $105,000.  I bought it for $115,000 in late 2006, put about another $10K in upgrades into her....nowhere near as expensive to own as my boat was!

[flyboy0681]

Quote: 201Pilot

Just figured the value of mine using the current Garrison valuation, worth about $105,000.  I bought it for $115,000 in late 2006, put about another $10K in upgrades into her....nowhere near as expensive to own as my boat was!

[carusoam]

"I'm curious about your comment Lew. I've never owned a boat nor do I particularly care for them (I'm just not a boat person), but why are they so expensive to keep up?" - FlyBoy0681

 

Way off topic.......the question got me thinking and I needed to type something.......

 

Shared Boat Experience, in no particular order:

Speed on water 15 nm/hr with similar fuel burn to an M20J.  Price of fuel similar to 100ll (at the marina).

Overnight tie up (tie down) fees by the foot (limited availability).

Hauling, cleaning, bottom painting, covering and storage fees (similar to an annual in expense).

Saltwater is incredibly corrosive.  Engines don't wear out they corrode.  There is no rebuilding, just replacing.

in an aircraft engine, oil leaks out on occasion, on a boat, the saltwater leaks in....

If the boat goes on a trailer, than you will also need a vehicle capable of towing......

Insurance, training, Coast guard or police boarding = ramp check

All that expense and the usable period of time is May - October

Anything sold at a boat store has higher prices, similar to aviation: cleaners, waxes, radios etc.

Going to a specialist (MSC) mechanic at the next state over costs too much in fuel to get there and back.

Sea sickness takes longer than airsickness to get over.....because at 15 knots it takes a long time to get to shore.

Overall the expense of the boat itself will be in the range of what you would afford for a plane. 

For your typical mooniac...you would be looking at a boat that goes much faster, but unfortunately drinks much more gas.....something with twin 454 CI chevys with marine conversions....

Don't get me wrong, I would love to have a boat, but the workload goes up with expeses also....

My dad is the yachtsman, I'm the pilot....

Best regards,

-a-

[N33GG]

Many years ago, I had a little money and had always wanted a sail boat and/or an airplane.  Knew I couldn't afford both, and figured the boat would be much more affordable, and the plane was probably too much of a stretch for me.  Bought the boat, and owned it for three or four years.  Sold the boat.

Now, when I think about any expenses on my Mooney, all I have to do is think about the boat, and I just smile.

[sleepingsquirrel]

I am conflicted and afflicted by the need to go slow and fast. I saved enough by drifting around in the wind at 6 to get my Mooney to travel at 160. Can't do both at the same time.  I can't believe I wasn't qualified for a medical on grounds of mental defect.

Slow .....Fast......Slow......Fast.......Slow......Fast........Slow.......Fast........; like Jack Nicholson in " The Shining" my wife thinks I'm writing a book; Slow.....Fast......Slow ......Fast........Slow........Fast.....................................................................

[Ned Gravel]

My girl and I both knew that when I retired from the Army we would be looking at buying either the boat (41' Morgan centre-cockpit Out Island) or a plane (no type specified in those days).  That was 1992.

Here we are 19 years later.  My first foray in to aircraft ownership was in 2002 and today I am a Mooney driver.

Two years ago we rented a Hunter 41 for use in the North Channel on Lake Huron.  Took another couple who used to sail the Skagerrak.  That trip convinced me that we had made the right choice in buying the airplane instead of the sailboat.

I spent some part of every day on that boat with a screwdriver in my hand trying to fix something or other.  Did you know the taffrail seats are made of plastic?  With a little cosmetic wood on the top?  Screws through the stanchions into that stuff don't hold.

While I have always considered sailing to be my favourite sport, I am happier owning an aircraft than a ketch.  Besides, it's a Mooney.

 

Now back to our regularly scheduled discussion of medium body Mooney's that do not have manual gear.

[231Pilot]

Quote: flyboy0681

I'm curious about your comment Lew. I've never owned a boat nor do I particularly care for them (I'm just not a boat person), but why are they so expensive to keep up? I know salt water takes its toll, but what are the typical items that make then so expensive to own?

 

[Hank]

Boat = a hole in the water you fill with money.

Airplane = really fast transportation, or really expensive sight-seeing. Can be combined into a single flight.

Neither are cheap . . .

[Ned Gravel]

Quote: Hank

Boat = a hole in the water you fill with money.

Airplane = really fast transportation, or really expensive sight-seeing. Can be combined into a single flight.

Neither are cheap . . .