NJMac Posted March 14, 2021 Report Posted March 14, 2021 I previously did a pretty significant panel upgrade 3 years ago. I'm about to commit to Jaeger and Hawk to do interior and paint. I'm doing these jobs for me (and proper care of the plane), but also need to be cognizant that I'll eventually want to sell to upgrade as the family keeps growing. Part of me thinks these will help the plane sell faster too? It will definitely be a top of market example if and when I sell, probably comparable to Bob's beloved E. Is there a market for a completely redone E and would it sell for $110-120k with a sub mid time engine? Quote
Browncbr1 Posted March 14, 2021 Report Posted March 14, 2021 We all saw bob’s sell fairly quickly... I think so 2 Quote
MBDiagMan Posted March 14, 2021 Report Posted March 14, 2021 Panel, interior and paint along with a solid engine is great, but it needs to be at that quality underneath too. It needs to be corrosion free and no damage history. A corroded or poorly repaired gear up would be akin to building a beautiful house on a shaky and cracking foundation. If it is also indeed solid and pristine aircraft underneath along with all the things you described, then yeah, I believe it could be a $100K airplane. 1 Quote
MIm20c Posted March 14, 2021 Report Posted March 14, 2021 We’ve had a couple E’s sell for over 100. IMO you need to find a buyer that has an emotional connection with the plane. The E prior to Bobs had an acclaim style paint job and nice avionics. IIRC the first time it sold was to a current Acclaim owner who wanted another mooney (twins) for his daughter?... Bob’s aircraft was written about extensively on MS and my guess is the buyer used that info to culture a bond with the aircraft before setting eyes on it. This is definitely a sellers market right now. I believe it would sell and help recoup investments made in it. However, there is a lot of competition with other Mooney aircraft at that price level. 1 Quote
carusoam Posted March 14, 2021 Report Posted March 14, 2021 There are several instrument panels that get sold for 100amu What they are attached to can vary... M20Es make really nice forever-planes... Somebody opined... back in the 1970s... they would never put a new radio in a plane like that... because the new radio cost as much as the airframe... That poor sap flew around without any nav equipment because his plane didn’t deserve it... The nav equipment is for the PIC... not the plane... If one PIC deserves it, and paid for it... there will be another PIC that would like the same... Use caution... this logic can work well for about 20years... before the panel becomes hopelessly old by comparison to new stuff... Best regards, -a- 2 Quote
Brian E. Posted March 15, 2021 Report Posted March 15, 2021 Agree with everyone's comments. Additionally we've all seen that there is a thirst for these old style planes in newer condition especially paint and avionics. We all know the industry is very fickle $100k+ plane today could be an $80k plane tomorrow depending on the freakonomics in effect at time. Having said that, I think that aviation improvements should be for you and not be treated as an investment still understanding that we don't want to throw money away and hope to recapture some of our upgrade costs when selling. 2 Quote
Raptor05121 Posted March 15, 2021 Report Posted March 15, 2021 I could see it. Someone wanting a forever airplane with no questions asked. 1 Quote
NJMac Posted March 15, 2021 Author Report Posted March 15, 2021 1 hour ago, Raptor05121 said: I could see it. Someone wanting a forever airplane with no questions asked. Yeah, I've put a ton of time into sorting this one out. Immediately upon owning it into a 6 month annual. Now flying very regularly. I think when we decide to move to a larger plane, having this one top of market may present some opportunities. Thanks for confirming y'all's. The wife doesn't watch our bank accounts but also didn't give me grief when I told her I was going to book Hawk in December. Quote
NJMac Posted March 15, 2021 Author Report Posted March 15, 2021 10 hours ago, MIm20c said: However, there is a lot of competition with other Mooney aircraft at that price level. It's pretty mind blowing to think we have to compete price wise with 172s in this market. I know which way my money votes. 2 1 Quote
Brian E. Posted March 15, 2021 Report Posted March 15, 2021 1 hour ago, NJMac said: It's pretty mind blowing to think we have to compete price wise with 172s in this market. I know which way my money votes. Just saw an 172M for $89.9k and people were defending the price. A pponk 182 for $179k. You can buy a whole lotta of Mooney within that range with far better performance. Of course the 182 UL is generally between 1k and 1.4k depending on the model. 1 Quote
gsxrpilot Posted March 15, 2021 Report Posted March 15, 2021 A top E can absolutely bring $100K+ It would have to be turn key, have a modern panel/autopilot, good paint and interior, and regularly flying. 1 Quote
MBDiagMan Posted March 15, 2021 Report Posted March 15, 2021 Yeah, but that Mooney is too cramped! I can’t fit in one! 1 Quote
ArtVandelay Posted March 15, 2021 Report Posted March 15, 2021 Nowadays Js are asking as high as $239K. So if I was (and 6 years ago I did) looking for a plane to upgrade to make my forever plane it would be a J. You’re more likely to get a better return on your upgrade money. Quote
NJMac Posted March 15, 2021 Author Report Posted March 15, 2021 13 minutes ago, ArtVandelay said: Nowadays Js are asking as high as $239K. So if I was (and 6 years ago I did) looking for a plane to upgrade to make my forever plane it would be a J. You’re more likely to get a better return on your upgrade money. Sure, I would be glad to upgrade a J but I happen to own my E. 2 Quote
gsxrpilot Posted March 15, 2021 Report Posted March 15, 2021 3 hours ago, ArtVandelay said: Nowadays Js are asking as high as $239K. So if I was (and 6 years ago I did) looking for a plane to upgrade to make my forever plane it would be a J. You’re more likely to get a better return on your upgrade money. Mooneys appreciating in value the quickest. And there is no ceiling in the foreseeable future. M20J M20K 252/Encore M20E All other models values are capped by these. (as an example, the value of an F is capped by the value of a comparable J) The values of the long bodies are capped by the value of a newer long body. 1 Quote
ArtVandelay Posted March 15, 2021 Report Posted March 15, 2021 Mooneys appreciating in value the quickest. And there is no ceiling in the foreseeable future. M20J M20K 252/Encore M20E All other models values are capped by these. (as an example, the value of an F is capped by the value of a comparable J) The values of the long bodies are capped by the value of a newer long body.Agreed, and the upgrade of the 252 to an Encore is a no brainer to me, I think you’ll get your money back when you sell. 1 Quote
Prior owner Posted March 16, 2021 Report Posted March 16, 2021 One thing is for sure- at $100k, that E is going to command a very thorough pre-buy! Quote
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