1980Mooney Posted Monday at 08:32 PM Report Posted Monday at 08:32 PM Here is an M20E with LASAR speed mods, 201 windshield and cowling and speed brakes and O&N fuel bladders and they are asking $49,500. Paint looks new, engine 1405 hours and airworthy, Dated avionics but still. Also Trade-A-Plane has 124 Mooney's for sale which I think is up. Mooney M20E - N5668Q - Aircraft For Sale - Indy Air Sales Mooney M20E - N5668Q - Aircraft For Sale - Indy Air Sales
Will.iam Posted Monday at 08:38 PM Report Posted Monday at 08:38 PM If all checks out and pre buy doesn’t reveal anything major then it’s already sold and gone. If not there will be a reason it has not sold. A steal of a deal on a Mooney is like a unicorn. 1
Schllc Posted Monday at 09:10 PM Report Posted Monday at 09:10 PM 29 minutes ago, Will.iam said: If all checks out and pre buy doesn’t reveal anything major then it’s already sold and gone. If not there will be a reason it has not sold. A steal of a deal on a Mooney is like a unicorn. Took the words out of my mouth. Market for the newer ones appears to have softened quite a bit. At least it looks like that from looking at controller. interest rates and the confusion over bonus depreciation probably played a role as well.
N201MKTurbo Posted Monday at 09:39 PM Report Posted Monday at 09:39 PM I paid cash for the Mooney. I’ll probably be buried in it. I guess I don’t care what it is worth. 9
NickG Posted Monday at 09:51 PM Report Posted Monday at 09:51 PM I've sold 5 J's at good prices in the last 6 weeks or so. Have more buyers looking for J's. Have 2 buyers looking at 252's as well. Vintage and newer long bodies are definitely softening. Later model mid bodies still doing well. Also, well equipped/maintained/Lower engine hour long bodies still in demand.
hazek Posted Tuesday at 06:35 AM Report Posted Tuesday at 06:35 AM All the ads for a Bravo here in Europe are lower priced than what I paid last year. So I either overpaid or the prices dropped. And I remember seeing one or two similarly priced last year than what I paid.
Echo Posted Tuesday at 06:49 AM Report Posted Tuesday at 06:49 AM So that M20E at that price as equipped really is an amazing price. Panel is only opportunity, but at THAT price? Not sure why it is priced so low, but it is like $30k low. Great price for someone. I saw it and my mouth dropped open in surprise. Maybe the best price I have ever seen with mods. I almost hope it has a fatal flaw or I overpaid big time…
hazek Posted Tuesday at 09:26 AM Report Posted Tuesday at 09:26 AM 2 hours ago, Echo said: Not sure why it is priced so low I bet technical records would explain it.
ArtVandelay Posted Tuesday at 11:57 AM Report Posted Tuesday at 11:57 AM It’s recently flown a 3 hour flight which is a good sign.
1980Mooney Posted Tuesday at 12:55 PM Author Report Posted Tuesday at 12:55 PM 55 minutes ago, ArtVandelay said: It’s recently flown a 3 hour flight which is a good sign. And Indy Air Sales is a longtime broker located in the Midwest with a respectable reputation. Logs are available to anyone that wants to email Indy with interest.
McMooney Posted Tuesday at 01:26 PM Report Posted Tuesday at 01:26 PM I'd guess it's been sitting somewhere, honestly i couldnt sell my e for anwywhere near that. the avionics are worth more
Paul Thomas Posted Tuesday at 01:45 PM Report Posted Tuesday at 01:45 PM I look at trade a plane regularly; it's a great way to pass the time when I'm waiting. There are more airplanes Mooney on the market and prices are lower. The peak was April 1 of last year, which is when I bought my airplane; the bottom will be when I sell. There have been a few airplanes that have sold very quickly over the past 6 month; some of them were incredible steals (including someone who needed to raise cash ASAP for his business). It seems most of the softness is toward the nicer airplanes which is interesting when interest rates are going down and credit has not been an issue.
Slick Nick Posted Tuesday at 01:49 PM Report Posted Tuesday at 01:49 PM Here in Canada the same 7 Mooneys have been for sale for damn near a year. They aren't moving. 1
MikeOH Posted Tuesday at 02:05 PM Report Posted Tuesday at 02:05 PM 19 minutes ago, Paul Thomas said: The peak was April 1 of last year, which is when I bought my airplane; the bottom will be when I sell. Pretty much my "investment" strategy, too 1 2
SKI Posted Tuesday at 02:11 PM Report Posted Tuesday at 02:11 PM I bought my J from Pat at Indy air sales in December of 2023. He seemed like a straight shooter and I had a good experience. It seems like their business model is price planes right and move them quick. Mine was priced about 10-15K lower than comparably equipped planes at the time. They don't seem to be in the haggle game though. I got a few grand off the price but it was already priced to sell. Price it to move, sell it and move on seems to be the deal with them. I would definitely recommend dealing with them for anyone reading this. 1
Echo Posted Tuesday at 04:16 PM Report Posted Tuesday at 04:16 PM Mine had 400 hours on a factory new engine vs. 1400. My interior is not ratty. This is NOT a True J cowl, but an ARI so oil cooler and air filter not relocated. Mine has a true eight pack and Aspen. BUT I still would of loved that buy in price.
1980Mooney Posted Tuesday at 06:01 PM Author Report Posted Tuesday at 06:01 PM Quick search of AviationDB shows 2 owners since 1999 (as far back as it goes). The current owner in MN bought it in 2008 and is currently 85 yrs. old. So, granted with the passing of the years it may been flown less and less (I can understand that myself....) but still may be a great plane at the price. 1
76Srat Posted Tuesday at 06:29 PM Report Posted Tuesday at 06:29 PM Makes me miss the good 'ol MAPA Log days and @jgarrison Jimmy's monthly Mooney market reports . . . With that said, I also look profusely at the market and take the Romanian and French Olympic diving judge approach, as in "throw out the highest and lowest" and then you arrive somewhere close to what each model should be trading at. But doing so doesn't mean I don't laugh every time I see a '64 M20C listed at $175K . . . 1
NickG Posted Tuesday at 06:34 PM Report Posted Tuesday at 06:34 PM 5 hours ago, 1980Mooney said: And Indy Air Sales is a longtime broker located in the Midwest with a respectable reputation. Logs are available to anyone that wants to email Indy with interest. Excellent broker in the midwest.
McMooney Posted Tuesday at 07:33 PM Report Posted Tuesday at 07:33 PM 6 hours ago, McMooney said: I'd guess it's been sitting somewhere, honestly i couldnt sell my e for anwywhere near that. the avionics are worth more more i think of it, i'm not sure how this makes any sense. engine overhaul cost this not even adding a prop and hub, just got a quote for paint from between 21 and 32k there just isn't path for me to think about selling my girl for 50k, better to let her rust out
ArtVandelay Posted Tuesday at 07:55 PM Report Posted Tuesday at 07:55 PM I keep track of the Js, they’ve averaged around $160k (listed) for past 2 years, fairly stable. 1
1980Mooney Posted Tuesday at 08:15 PM Author Report Posted Tuesday at 08:15 PM 26 minutes ago, McMooney said: more i think of it, i'm not sure how this makes any sense. engine overhaul cost this not even adding a prop and hub, just got a quote for paint from between 21 and 32k there just isn't path for me to think about selling my girl for 50k, better to let her rust out Aircraft ownership is just a way to lose money…some planes faster than others. I have been paying $580/mo. for a hangar for about 15 years. That is about $7k per year and before that it was $6k per year. I have paid the City easily $130k just to keep my plane out of the weather over 20 years. And I am bracing for a rent increase. Everyone brags about their fabulous new GFC500 autopilots and flat panels after spending about $80k. New interiors, $20k+ on paint, $15k on tank seals. And that doesn’t begin to touch the engine or prop…depending on what you are flying another $60k?…maybe a $100k…more like $130k if you have a Bravo. Oh and insurance! I just laugh when owners say “I’ve never lost money on selling a plane” … 1 2 1
hammdo Posted Tuesday at 09:38 PM Report Posted Tuesday at 09:38 PM Maybe we should say "I’ve stopped losing money when I’ve sold my planes…" True every time I’ve sold mine… -Don 3 4
carusoam Posted yesterday at 12:05 AM Report Posted yesterday at 12:05 AM Six parts to this challenge… (1) interest rates have peaked over the last year making finance more challenging… like home sales… increased interest rates really contain the price from increasing… (2) Supply… they aren’t making any new ones… (3) Demand… M20Js are an easy transition from the trainer world… M20Ks are a two step transition for most people. First step, fly a Mooney…. Second step, fly a TC’d Mooney in the FLs… short body Mooney’s cost as much as another car… Long body Mooneys cost as much as another house… 4) Long term concerns… Factory in existence… fuel availability… 5) Cost of getting a license is a perennial concern… Are there fewer pilots graduating into the ownership ranks? does everyone insist on having a parachute or something not available as a retrofit…? 6) number of children still living in your house… my long term plan to not lose money on the sale of my forever plane… My estate sale is going to be epic! a fully worn out plane and a fully worn out house… Best regards, -a- 3
AndreiC Posted yesterday at 01:05 AM Report Posted yesterday at 01:05 AM It has only flown 120 hours in the last 10 years, 20 in the last 3 years. Not exactly purely sitting, but not flown much. Still, in MN I would be ok with this plane, probably no corrosion and with the cam already coated from 1400 hours of use, likely not corroded either. If this plane had come up when I bought my E for twice as much, I would have jumped at the opportunity.
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