Anybody done a Vref lately?

k9medic

Line Up and Wait
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Sep 27, 2018
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N Central FL and GTC Bahamas when off work
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ATP-H, CMEL, CSEL, CFI/CFII Airplanes and Helicopters
For fun I decided to do a Vref via AOPA on my 1967 Cherokee 6/260.

Paint is 6/10, New interior. Just added a 430W and a GTX335. Engine is mid time. Vref was almost $90,000. LOL
 
That lower or higher than you were expecting?
 
Ditto on my archer, seems like the trend is upward!
 
Same with my 91 Tiger. Dang near $100K
 
90k? Seems low. With the interior and 430, you could probably get 120+.
 
Cheap financing that now goes all the way back to 1960 for some lenders will drive up prices. Inventory is down and demand is up.
 
Plane ownership is probably out of the picture for good for me. I can’t see prices dropping substantially without an economic crash similar to 2008.
 
Just ran vRef for my plane. The biggest issue I see with them is engine valuation. vRef credits 25,800 from my O-470R. The shops that would overhaul a big bore Continental for $26K I would touch with a stick. I think they assume overhauled cylinders instead of new. Factory reman's are $33K.

The going rate is more like $30K-35K; plus and extra $10K for hoses, engine mount, prop governor, and what else has to be addressed. Even Lord rubber mounts cost me $590.
 
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