For Sale: 1965 Mooney M20C
- Thread starter pcorman
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steingar
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I've wanted a Mooney for a long time, but alas the cash isn't there. Good luck with the sale. That looks to me like a Mooney for Cherokee money.
Greg Bockelman
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Greg Bockelman
Current market environment? I have a plane for sale too but I can't seem to get any offers unless I want to give it away.
steingar
Taxi to Parking
You'll find other Mooneys selling for that, but not too many. Seems like a steal to me.
onwards
Pattern Altitude
What's giving it away mean?
Market prices for older planes are depressed - and likely to stay that way for quite a while. That the "blue book" has not caught up does not change what planes are actually worth - it only says the book thinks they should be worth. Would it make you feel better if blue book went ahead and actually adjusted all prices down 25-30% (putting them where the market is already)? I'm not sure I understand that.
I DO understand why it can be emotionally difficult to accept a steep and unexpected decline in the price of an asset one is holding. But that should not change the evaluation of an offer from a buyer - if the price they offer tracks with the CURRENT environment, then it is fair, regardless of the absolute number itself.
I've made two serious offers (plus one semi-serious on this forum recently) on planes in the past six months. Both were rejected because the sellers could not emotionally get over the loss hump, although in both cases the broker involved concurred that my offer reflected market pricing. Both planes are still sitting there with no offers, costing their owners money to maintain, and losing value rotting away. I don't really care, I want a plane but I don't have to have one. Six years ago, the market was reversed - people were outbidding each other on planes, resulting in sale prices higher than blue book. Neither situation is wrong
I must be an anomaly...I just sold my 182 last week in 4 days on the market for 5k less than my inflated asking cost...it may depend on the plane...
Now buying is turning out to not be so much fun...kissing a few frogs along the way....
The Mooney looks like a good deal...that's pretty cheap to get in the air....
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steingar
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Sorry, gotta lower the price, otherwise you get to keep it.
denverpilot
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Wha? Wha? Whaaat?!
Tom-D
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That is certainly true, 2 super cubs sold last month with out being advertised. one for $220,000 and one for $185,000.
135 operators still pay top dollar for aircraft that will pass part 135 requirements.
The rest are toys, and you'll be lucky to get 50% of the 2007 prices.
Tom-D
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And that is exactly what happens, I didn't get a single offer on the 24 at 65k so we will keep it.
jhausch
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pcorman
Pre-takeoff checklist
Airplane is SOLD
TMetzinger
Final Approach
Good deal. I hope the airplane will be happy with the new owner.
steingar
Taxi to Parking
Congrats. Can't say I'm surprised. Had I the cash I'd have bought it myself.
Moving on up...to the east side...to a deluxe apartment in the sky I!!!!
The plane was cherry...the first offer I got was 15K less than asking price...I countered with 5K less and they responded with a "yes" and evidence of escrow...
In my experience...good planes and/or planes priced correctly sell fast...
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AdamZ
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So Kelvin what are you looking for?
I was thinking about buying it to get some complex time in for cheap...
That was a good deal!!
That was a good deal!!