I'm not an expert but I do check 120/140 and 170 prices about once a week on Tradeaplane and Barnstormers (and I really did stay at a Holiday Inn last night ). The following is my opinion only. For 32k I would expect a 120/140 with a totally restored airframe and a low time engine done by a well known shop. It would be a "10" inside and out, restored to original and capable of winning wood at regional fly-in's. There are very nice 120/140's available for 24-27k.bradbrady wrote:John,
sorry to get back to you so late, I don't get to get on line every day (LIKE MY KIDS) Like Bruce. said pipers are as good as Cessna's, or that was the way I took his post! When you talk c-140's I think these people are undervaluing their aircraft. I have a c-140 in the shop that the owners are asking 32K for, (I thought that was a little high) but according to the 120-140 people It is astronomical!. If this A/C was a 170 It would be worth 50-60K but everyone has there own thoughts. What's yours.
brad
For me the key to finding a good plane is to not be in a hurry. I have purchased 2 planes and both times it took about a year to find one I would buy. The ones that do get listed (and many of the good one's don't) are usually gone in a day or two. It is simply amazing how many people represent their planes as in excellent condition and when you get there it's just junk.
I'm a believer in buying the best example you can find of whatever aircraft you can afford. Get a low time engine, fly it for 5 or 6 years and sell it for more than you paid for it. That's what I did with my first plane. Or better yet if it fits your needs just keep it forever. Three years ago I looked for over a year for a great 170 with 50k burning a hole in my pocket. I never found one up to my standards. Then I came across one with an excellent airframe and 85 hrs SMOH for 27k (eat your heart out) that needed "refurbishing". I could have had a good flying, airworthy but none too pretty 170 for about 32k, but that was not my vision. I have close to 50k into it doing as much of the work myself as I was capable of. I had not planned on buying a project, but it was a very satisfying experience and I have won awards at 4 of the last 5 fly-in's I attended. I like to think I could get my money out of it, but as with any financial transaction any airplane is worth what a willing buyer will pay to a willing seller.
YMMV