Mooney Market

[Fly Boomer]

2 hours ago, wombat said:

@tracer773 I think your budget is adequate (approaching excessive) for your goals.   That's great and I wish you the best of luck!  I had an extremely similar budget and goal as you.

I've got the single alternator 12V (14V) system on my M20K 231 airframe that has been modified to the 305 "Rocket" and have the non-FIKI TKS system.  It has a modern(-ish) panel with a G500, 750, G5, and EI MVP-50 engine monitor.    I typically run all the exterior lights (LEDs) in all phases of flight and have not noticed any power problems even when running TKS and/or extending/retracting the gear.   I don't think I've ever extended the gear while still running the TKS pumps though.

I bought it earlier this year and it's in annual right now.  I expect my first year expenses including some immediate maintenance (resealing all fuel tanks) and annual which started today will not exceed $300k.   So far, so good!  If I do exceed $300k, believe me, all of Mooneyspace will know because the annual will have been 2.5X my expected budget!

You planned to spend $120,000 on your first annual?  Sounds excessive.

[wombat]

1 hour ago, Fly Boomer said:

You planned to spend $120,000 on your first annual?  Sounds excessive.

My expected total 1st year budget, which includes acquisition cost.    

 

I was talking to a guy I work with that has a meridian...  He had a $100k annual in 2021.   That really turned me off of the Malibu/Meridian line and back to Mooney.

Edited December 5, 2023 by wombat

[Ragsf15e]

10 minutes ago, wombat said:

My expected total 1st year budget, which includes acquisition cost.    

 

I was talking to a guy I work with that has a meridian...  He had a $100k annual in 2021.   That really turned me off of the Malibu/Meridian line and back to Mooney.

Ha!  I’ve seen a higher (and unexpected) Meridian annual too, and I was very thankful I was only crew, not owner!

[Schllc]

Try a 400k annual for a friends tbm. They took the tail off!  
Hot section, gear overhaul, lots of timed out things, it was a 2013.

ouch. 

[dkkim73]

32 minutes ago, Schllc said:

Try a 400k annual for a friends tbm. They took the tail off!  
Hot section, gear overhaul, lots of timed out things, it was a 2013.

ouch. 

I used to wonder what it was like to have curly hair. Then I read your post. Now I know. Curly and blown back at the same time... 

[dkkim73]

7 hours ago, Danb said:

David which acclaim did you buy, I also bought one this year, good luck have fun and hold on

D

I bought a 2009 Type S (N2903G), WAAS from the factory, TKS and speed brakes added shortly thereafter. Seems like a good plane from good people, not flown as much recently but going to rectify that. Hold on? Yes, I alternately am excited and slightly concerned reading this forum  

[dkkim73]

Just now, dkkim73 said:

 Hold on? Yes, I alternately am excited and slightly concerned reading this forum  

Really very helpful people here. 

[LANCECASPER]

5 minutes ago, dkkim73 said:

I bought a 2009 Type S (N2903G), WAAS from the factory, TKS and speed brakes added shortly thereafter. Seems like a good plane from good people, not flown as much recently but going to rectify that. Hold on? Yes, I alternately am excited and slightly concerned reading this forum  

All Acclaims have speed brakes from the factory. (In fact every 252, M20M, M20R also came came speed brakes standard. If memory serves correctly every M20S did also.)

[dkkim73]

2 minutes ago, LANCECASPER said:

All Acclaims have speed brakes from the factory. (In fact every 252, M20M, M20R also came came speed brakes standard. If memory serves correctly every M20S did also.)

Thanks for the info. Makes a lot of sense for the type.  Looking at the logbook entries, it's unclear to me what's "normal process" and what's an option. 

David