Pilot boy Posted June 17, 2020 Author Report Posted June 17, 2020 On 6/14/2020 at 1:39 PM, ArtVandelay said: Prices have gone up in the past few years. I had same issue with my engine (low usage, no log entries except for annuals). But in the end, the price was attractive enough to accept the risk. I was able to put 700 hours on it before a bad cam made the engine unreliable. Costanza what did you pay for it and what year and model was it? How many hours did it have at purchase time? How long had it sat? Quote
Pilot boy Posted June 17, 2020 Author Report Posted June 17, 2020 On 6/14/2020 at 3:55 PM, Neshi said: My F purchased last November was $54 originally asking $59 about same hours for engine. Same s-tec 30 430-Non WASS 1430 Hours on the engine Had this one been flown much before you bought it? Quote
R-Banger Posted June 17, 2020 Report Posted June 17, 2020 16 minutes ago, Pilot boy said: This I am not worried about. Mostly it's going to be the new baby and the future baby with no adults or teens in back. That's the thing. We have the same mission. I have a 10 month old and hopefully more on the way. I was looking at a Bonanza or a Baron and then asked myself why?! Came down to a 252 K model, did some more soul searching on my mission and now I own an E model. Honestly with how expensive aviation can be, I just didn't think I could enjoy ownership as much as I do now. Had I got a Baron or Bonanza I would have been moving fast and rushing trying to save the .1 or .2 here to save money on it which would take all the fun out of it. I can honestly say I can just hop in my plane and enjoy it. I also believe in fixing things as they come and not putting it off. Having a simple and efficient plane like this minimizes the surprise costs and makes me not flinch about spending the money to keep it perfect. Like you, the people in the backseat will primarily be my children until we run out of seats. 3 Quote
carusoam Posted June 17, 2020 Report Posted June 17, 2020 What’s your daycare plan? That’s where my plane money went... Best regards, -a- Quote
ArtVandelay Posted June 17, 2020 Report Posted June 17, 2020 Costanza what did you pay for it and what year and model was it? How many hours did it have at purchase time? How long had it sat? 78J, 68k. It was lightly used for 6-7 years. Engine had 1500+ hours. 1 Quote
Neshi Posted June 17, 2020 Report Posted June 17, 2020 10 hours ago, Pilot boy said: Had this one been flown much before you bought it? About 50 hours a year 1 Quote
Pilot boy Posted June 17, 2020 Author Report Posted June 17, 2020 7 hours ago, carusoam said: What’s your daycare plan? That’s where my plane money went... Best regards, -a- I'm in my 30s and my wife and I both work. Baby has been in daycare 1.5 yrs now. Don't worry I'm not 18 yrs old here and unsure how to manage money. I know more than most ppl about financial management due to my business background and the wife is a CPA. Quote
hmasing Posted June 17, 2020 Report Posted June 17, 2020 On 6/12/2020 at 2:23 AM, gsxrpilot said: You could get the Grumman... and you'll be excited to own your own airplane for 6 months... and then you'll wish you'd bought the Mooney. This is exactly the right answer. I live in Ann Arbor, Michigan. If I take off in the morning in my M20F, I am in Phoenix by sundown. I can be in Chicago in 90 minutes, on the ground at Midway. I can be in Cleveland in just over an hour (but who wants to go to Cleveland). Pittsburgh to pick up my step-daughter? 90 minutes enroute. Philadelphia? 3 hours. I flew from Jacksonville, Florida home three weeks ago in 6.5 hours enroute (one fuel and BBQ stop). I do this at < 10GPH lean of peak - and I'm getting GAMI's to go do <9 gph soon. A friend owns a Grumman. Loves it for the sliding roof, but I took him to Nashville in my Mooney last weekend for a Pilots and Paws trip, and we were there in 2.75 hours. 140 ktas at 10,000' @ 9.7gph. He saw the light. The Grumman is going to be sold soon. 3 Quote
KLRDMD Posted June 17, 2020 Report Posted June 17, 2020 On 6/16/2020 at 7:26 AM, drapo said: A V35 came along, and he almost freaked out, he said that would cost me an arm and a leg to maintain. Ignorance. Real data: My S35 Bonanza just came out of annual a week and a half ago. The total bill was $2,711.63. Less than two years ago the annual on my Mooney 231 was $2,262.73. Both were second annuals while I owned the airplanes. A $450 difference in a year of flying is background noise in airplane ownership. Same hangar, insurance on the Bonanza is $200 per year cheaper than the Mooney was. I changed the oil on the Mooney at 25 hours since it was a turbo. I do the Bonanza around 40 hours as it is normally aspirated. The Bonanza takes a bit more oil per change so that's a wash. The only thing left is fuel. The Bonanza goes faster on more fuel than the 231. If I slow the Bonanza down to Mooney speeds (I normally fly 8,000-10,000 ft), the fuel differential is negligible. And the Bonanza has +/- 250 lb useful load more than the Mooney. And the Bonanza has air conditioning. Jewell's price to overhaul the TSIO-360 in the Mooney is $3,000 MORE than the IO-520 in the Bonanza. Overall there is very little difference in actual cost to own and maintain a Mooney versus a Bonanza. Real life numbers. Ignorance! 2 Quote
gsxrpilot Posted June 17, 2020 Report Posted June 17, 2020 4 minutes ago, KLRDMD said: Overall there is very little difference in actual cost to own and maintain a Mooney versus a Bonanza. Real life numbers. This Doc would know. 1 Quote
Niko182 Posted June 17, 2020 Report Posted June 17, 2020 Just now, gsxrpilot said: This Doc would know. I think at the end of the day its really the same. The v35 is gonna be the same as the 231 speed and efficency wise unlaless you go up high with the 231. Only issue on the v35 is ruddervators, and now I believe they are servicable. At least thats what they said on beechtalk. Bonanzas are beautiful planes. I wish the mooney had the off field capability that the V35 has. In the end, the V35 and the LB Mooneys seem to fulfil the same mission unless youre going backcountry, and theyll do it around the same cost. Quote
drapo Posted June 18, 2020 Report Posted June 18, 2020 19 minutes ago, KLRDMD said: Ignorance. Real data: My S35 Bonanza just came out of annual a week and a half ago. The total bill was $2,711.63. Less than two years ago the annual on my Mooney 231 was $2,262.73. Both were second annuals while I owned the airplanes. A $450 difference in a year of flying is background noise in airplane ownership. Same hangar, insurance on the Bonanza is $200 per year cheaper than the Mooney was. I changed the oil on the Mooney at 25 hours since it was a turbo. I do the Bonanza around 40 hours as it is normally aspirated. The Bonanza takes a bit more oil per change so that's a wash. The only thing left is fuel. The Bonanza goes faster on more fuel than the 231. If I slow the Bonanza down to Mooney speeds (I normally fly 8,000-10,000 ft), the fuel differential is negligible. And the Bonanza has +/- 250 lb useful load more than the Mooney. And the Bonanza has air conditioning. Jewell's price to overhaul the TSIO-360 in the Mooney is $3,000 MORE than the IO-520 in the Bonanza. Overall there is very little difference in actual cost to own and maintain a Mooney versus a Bonanza. Real life numbers. Ignorance! Not ignorance but maybe imprecision! You are comparing totally different airplanes then I was. When I bought my Mooney, I was shopping for a $50k airplane. For that money, I was comparing a mid-sixty four bangers Lycoming Mooney with a mid-fifty V-tail Bonanza with elecrtic prop and Continental E185 or E225. Even after your emotional plea, I still think my Mechanic was right to steer me away from a 1950’s Bonanza and recommend a 1965 Mooney and I’ not affraid to say it outloud, especially on a Mooney owners site! Quote
carusoam Posted June 18, 2020 Report Posted June 18, 2020 12 hours ago, Pilot boy said: I'm in my 30s and my wife and I both work. Baby has been in daycare 1.5 yrs now. Don't worry I'm not 18 yrs old here and unsure how to manage money. I know more than most ppl about financial management due to my business background and the wife is a CPA. Where are you located? This is all about how much day care costs... no matter how old you are or how deep your financial skills are.... In NJ, the cost for one child is about 1amu each month... a discount for the second one, making it about 1.5amu per month... You could buy a 50amu plane in about three years.... If I had financial skills, I would go with the M20E... Powerful, efficient, perfect for a family of four... for at least 10years... If it works out well, the same M20E still is good for retirement finances... Day care costs start right after the children are born and last until they get to school full time... then it eases a bit with something called after care.... I went with the M20C... not quite as efficient as the M20E... If you think daycare is expensive... look out 18 years to see what the expenses can be... This is 20 year old experience... as in I bought my C 20 years ago... Go Mooney! Best regards, -a- 1 Quote
FloridaMan Posted June 18, 2020 Report Posted June 18, 2020 I didn't read this thread, but I looked at a Tiger as well while I was looking at airplanes. Don't buy it. The buy-in cost of the airframe is minimal compared to your operating costs. If you do bend metal on them, the honeycomb wing structure is supposedly expensive to repair. Lots of red flags in your OP (tell me it isn't that one that was for sale for years in NC). If things are that tight for you financially, go with the C model Mooney because the straight-valve engine is much cheaper to maintain for big ticket items than the angle-valve IO360. Aftermarket cylinders are available for much less, et cetera. 1 Quote
MIm20c Posted June 18, 2020 Report Posted June 18, 2020 We love to split hairs but the performance difference between the C and E or even J/K is not as much as you think. Flying a C and an R side by side a lot the comfort is better but the actual performance difference is not that much considering double the HP. You really need to cross half the country in day to appreciate the difference. 2 Quote
MBDiagMan Posted June 18, 2020 Report Posted June 18, 2020 On 6/11/2020 at 10:39 PM, Hank said: Mooneys are generally poor time builders. The previois owner of my plane used to fly WV to Myrtle Beach almost an hour quicker tha his friends in 172s. Moral: your regular trips take less time; the same time will carry you much further from home, so yiu need more planning and a better weather strategy. That said, I love my C! Ain't nothing wring with 145 KTAS. Talk to an instrument shop, costs to purchase and install new things are surprisingly high. Some things (GPS, G5, etc.) have higher install costs than purchase price. Many advise to buy the plane with the best panel that you can afford, and of course to have a Pre Purchase Inspection by someone who knows about Mooneys and what to look for. Happy hunting! And welcome aboard! Anthony will be along soon for your Official Greeting! Yes, if you want to build time inexpensively do it in a fuel sipping, slow plane. Time is built by the hour, not by the mile. I built my time in a Cessna 140 at 5.5 GPH. Quote
Raptor05121 Posted June 19, 2020 Report Posted June 19, 2020 On 6/11/2020 at 10:39 PM, Hank said: Mooneys are generally poor time builders. My signature is proof enough you can build time in a Mooney- albeit at greater distances. I guarantee I've had higher quality time-building trips in the same 750 hours as some 172 or Cherokee pounding out the same Saturday-morning pancake breakfasts at 105kts 3 Quote
Pilot boy Posted June 21, 2020 Author Report Posted June 21, 2020 I have an accepted offer on the 1964 M20E and am now attempting to schedule a prebuy for it. Anyone know any good shops in the Omaha, Nebraska area? I will create a thread as well for this. I will post pics and celebration once/if the deal goes through. Thank you everyone for all the insight here! Quote
carusoam Posted June 21, 2020 Report Posted June 21, 2020 6 minutes ago, Pilot boy said: I have an accepted offer on the 1964 M20E and am now attempting to schedule a prebuy for it. Anyone know any good shops in the Omaha, Nebraska area? I will create a thread as well for this. I will post pics and celebration once/if the deal goes through. Thank you everyone for all the insight here! Congrats PB! Somebody asked this question before... -a- Quote
Pilot boy Posted June 21, 2020 Author Report Posted June 21, 2020 22 minutes ago, carusoam said: Congrats PB! Somebody asked this question before... -a- I guess this is my hint to use the search feature. But Im lazy. carusoam! Quote
carusoam Posted June 21, 2020 Report Posted June 21, 2020 Good luck with the search feature... It usually gets you close... It comes up with MSers that have asked a similar question and helps you form the next level question... Sometimes, you only get one answer... better to make it a good one... Best regards, -a- Quote
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