Targhee Posted September 15, 2021 Report Share Posted September 15, 2021 Trying to put a used market value on my 201. I'm thinking around $160k. Am I way off? Here are the specs... 1983 Mooney M20J - Turn key IFR ready Engine: IO-360-A3B6D TTSF REMAN: 617 Airframe TT: 2090 Garmin G600 (GAD 43/GDC 74A/GDL 69A/GRS 77) Garmin GNS-430W Garmin GTX-345 Garmin G5 EI MVP-50P Garmin GMA-347 King KFC 150 King KY-197 TSO King KNS-80 King KR-87 TSO Annual completed: 8/2021 FAR 91.413 inspection: 8/2021 FAR 91.411 inspection: 8/2021 500hr magneto inspection completed: 7/2020 Interior & paint: Very good Quote Link to comment Share on other sites More sharing options...
ZuluZulu Posted September 15, 2021 Report Share Posted September 15, 2021 Call @jgarrison 1 Quote Link to comment Share on other sites More sharing options...
mike_elliott Posted September 15, 2021 Report Share Posted September 15, 2021 If I owned your plane today, would you buy it from me for 160K today? Quote Link to comment Share on other sites More sharing options...
PT20J Posted September 15, 2021 Report Share Posted September 15, 2021 I have a pretty similarly equipped 1994 M20J and Jimmy valued it at $170K. Skip 1 Quote Link to comment Share on other sites More sharing options...
carusoam Posted September 16, 2021 Report Share Posted September 16, 2021 So Targhee… When it comes to valuations…. There are a few reasons to have this done… 1) You are considering selling…. 2) You need to accurately value the aircraft for insurance purposes… 3) You need a value to impress your family members with, on how well your airplane investment has worked out… 4) You want to refinance the plane, and the bank wants a solid resource for your valuation… For round numbers… you can probably use the MooneyFlyer site for its valuation tool…. For specific numbers… there is only one resource that has his fingers on the numbers… and there still isn’t a statistically significant amount of data for some things… How accurate do you need the number to be? PP thoughts only, not a finance guy… Best regards, -a- Quote Link to comment Share on other sites More sharing options...
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