Mooney valuation

[AzMooniac]

I'd like to get an opinion on a model F valuation, what's everyone's opinion on vref numbers?

 

 

[Marauder]

I'd like to get an opinion on a model F valuation, what's everyone's opinion on vref numbers?
 
 

$1 million dollars (submitted by an F owner)



From my experience, there is no true VRef for any plane these days. There are starting points and you add and subtract from there. In addition to the general condition of the plane itself, the influx of modern avionics will influence the values all over the place.

Jimmy Garrison provided a valuation guide to many of us and an F can be as low as the $60k range and over $120k - based on condition and modifications.

The things you should be looking at is time time on the engine, how well it has been maintained and what modifications have made to it.

Here is a picture of a 76 F model’s panel.



How much more would you pay for a 1960s vintage F with this panel? Or would you pay more if the engine on the 76 was new and the 60s was run out?



See if Jimmy will share his valuation guide with you. It might help get to the answer you are looking for.


Sent from my iPhone using Tapatalk Pro

[Ragsf15e]

What @Maraudersaid exactly.  Big ticket items are (assuming no corrosion) - engine and avionics.  Paint and interior look nice and are more obvious but cost half or less of the first two. 

[TNIndy]

When I purchased my F model I think the bank used Vref and it fairly well aligned with what I was seeing in the market. As Marauder said, it's just a starting point. I suggest defining your mission and what you are willing to spend before and after purchase so that you are ready when the right plane becomes available. F Models are a good value for the money. If you are going to use it for lots of cross country traveling then factor in a good autopilot, engine analyzer and GPS as requirements or have the funds set aside for the upgrades. Take whatever you estimate for upgrades and repairs and multiply by a minimum of 1.5. My experience has been more like 2X. Granted I used the excuse of "while we have the panel/plane disassembled it will cost less to...." . My wife is a little tired of that one. 

[DCarlton]

As others have said, Garrison's valuation guide is really useful.  It'll walk you through the process.  I've learned our tax assessor uses the "Aircraft Blue Book" or Vref.  I haven't compared the two yet but I'm curious.  There seems to be more planes on the market now than there were a few months back.  It looks like the market is slowing.  The best deals seem to be from people that just want to sell quickly at a very fair price and move on without any blow back or hassles negotiating every nit picky detail.  

[carusoam]

Nobody has better info for writing a Mooney price guide than Jimmy….

And Jimmy seems to share that price guide when asked….(?)

If not familiar with Jimmy… he is the G in GMax!

https://www.gmaxamericanaircraft.com

Best regards,

-a-

[Pinecone]

There is the AOPA VRef site, which does correct the value based on condition, avionics, hour (total and engine and prop), and other installed items (Monroy tanks etc).

It was pretty close to what I paid