V1VRV2 Posted July 10, 2020 Report Posted July 10, 2020 What is the most reliable method to determine fair market value of an aircraft? So many factors involved. The aircraft condition which can be difficult to determine even with a PPI. The lack of compare able aircraft since no 2 aircraft after 20 years are really compareable even if one rolled off the line right after the other one. The number of hrs will be different. Was it hangared or not. Damage history? Engine condition? Avionics upgrades? Original avionics. Making my head spin. Enlighten me please! Quote
MIm20c Posted July 10, 2020 Report Posted July 10, 2020 Take a few months and track the market. You’ll be a lot happier with the end result if you learn the nuances of the model or Mooney aircraft in general. You will also get a feel for what is moving faster at all price points. Lots of knowledge buyers out there and money is easy to come by right now so the good ones will move reasonably fast. Narrow your search and good luck! 1 Quote
paulsalem Posted July 10, 2020 Report Posted July 10, 2020 Just now, MIm20c said: Take a few months and track the market. You’ll be a lot happier with the end result if you learn the nuances of the model or Mooney aircraft in general. You will also get a feel for what is moving faster at all price points. Lots of knowledge buyers out there and money is easy to come by right now so the good ones will move reasonably fast. Narrow your search and good luck! How do you track the market when you can only see asking prices and whatever VREF shows (which isn't every sale and is a lagging indicator at best)? Quote
MIm20c Posted July 10, 2020 Report Posted July 10, 2020 30 minutes ago, paulsalem said: How do you track the market when you can only see asking prices and whatever VREF shows (which isn't every sale and is a lagging indicator at best)? No easy way about it. In the end the purchase price is a drop in the bucket. A long body will easily cost $25k a year if you actually fly, maintain, and upgrade it along the way. I’d say a well maintained and upgraded unit should go for 200k. A run out, stored outside, pistol whipped unit should be sub 150 and a decked out, recent Garmin, FIKI etc should fetch 250ish. The people spending another 50k on a plane are not the foolish ones. They are imo the educated ones buying the most value they can for the money. Quote
irishpilot Posted July 10, 2020 Report Posted July 10, 2020 Use Vref as a starting point and study what avoinics is worth money, etc. Agree with watching the market as the best indicator. At the end of the day, your plane will sell at the price the market will bear. If you price too high, you'll know because you won't get much traction. Sent from my Pixel 3a using Tapatalk Quote
Schllc Posted July 10, 2020 Report Posted July 10, 2020 You don’t have to know what the sold price is to watch the market. look at the ones that come up and go off, and the ones that languish. If it comes to market and is gone within a few weeks, you can almost bet it was priced appropriately. If it sits for months, well, it’s got issues not advertised, or just too high, either way, price is wrong. not 100% accurate, but pretty darn close. 1 1 Quote
ArtVandelay Posted July 10, 2020 Report Posted July 10, 2020 I tracked the market for 6 months, what sold, what didn’t. In the end, I could tell you what will sell, what won’t and approximate price. Once you narrow your search down to 1 model it will be easier. 1 Quote
carusoam Posted July 10, 2020 Report Posted July 10, 2020 There is one author for market pricing of pre-flown Mooneys... Jimmy Garrison... His info has been printed in the mapalog.... and shows up in the electronic Mooney mag on the net... Jimmy is now combining resources with DMax.... making it GMax.... Jimmy was updating his price guide and has offered it to anyone that asked... This Jimmy... @jgarrison http://allamericanaircraft.com/default.htm A great resource for pre-owned Mooney information and pre-own Mooneys too... Best regards, -a- 1 Quote
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