Jump to content

Determining Fair Market Value


V1VRV2

Recommended Posts

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!

Link to comment
Share on other sites

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!

  • Like 1
Link to comment
Share on other sites

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)?

Link to comment
Share on other sites

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. 

Link to comment
Share on other sites

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

Link to comment
Share on other sites

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. 

  • Like 1
  • Thanks 1
Link to comment
Share on other sites

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-

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.