Aircraft Financing

I don't know how anyone would have so much money to pay cash for a plane
that is worth very much. I'm not talking about a 20k 152 either. Our
"J" model Mooney was over 100k and my partner (a brain surgeon with a
lot more money than me) and I decided to finance 90% of our purchase. To
me the 6% interest on the financed money can be put to better use
elsewhere.

You have a partner in your "F" too, if I remember correctly?

Jon Kraus
'79 201
4443H @ TYQ


Robert M. Gary wrote:
"Must be nice to have so much money one wouldn't have to finance"

Must be nice to have so much money one can afford to make the monthly
loan payments AND pay the maintenance and other costs to keep the
aircraft. My plane costs me $500/month just to sit on the ground (base
annual, insurance, property taxes, tie down, etc) . That doesn't even
include fixing anything that may break as a result of flying.

-Robert

"You have a partner in your "F" too, if I remember correctly?"

Yes, I do have a partner for similar reasons. Although I could pay cash
for my plane I thought it would be better to keep more of my money in
the market. Besides, unless you fly at least 100 hours per year, it
just doesn't make sense to own by yourself and its not good for the
plane. My partner and I paid cash $80K.

Jon, are you on the Mooney list now? You should check out aviating.com
to sign up for either the general Mooney list or the tech list. Both
are VERY helpful to Mooney owners.
-Robert

Yes I am subscribed to the Mooney list... It has an unbelievable amount
of great information for Mooney drivers like us... I think that is how I
knew you had a partner...

Jon Kraus
'79 Mooney 201
4443H @ TYQ

Robert M. Gary wrote:
"You have a partner in your "F" too, if I remember correctly?"

Yes, I do have a partner for similar reasons. Although I could pay cash
for my plane I thought it would be better to keep more of my money in
the market. Besides, unless you fly at least 100 hours per year, it
just doesn't make sense to own by yourself and its not good for the
plane. My partner and I paid cash $80K.

Jon, are you on the Mooney list now? You should check out aviating.com
to sign up for either the general Mooney list or the tech list. Both
are VERY helpful to Mooney owners.
-Robert

Jon Kraus wrote:
Yes I am subscribed to the Mooney list... It has an unbelievable amount
of great information for Mooney drivers like us...

Could you give a pointer to the list? I tried it once before and found it
unacceptably chatty, but maybe I'll try it again.

Thanks. Dave

Dave,
There are two lists. There is a general lists and sometimes gets very
chatty and crappy. Other times its great. There is also a tech list
that is pretty tightly controlled (usually). The tech list is just SO
AWESOME! Just two weekends ago I wanted to replace a vent in my Mooney
and couldn't figure out how to get it out (the maint. manual leaves a
lot to the mind). I had answers right away.

For me, the trick is to NOT use your regular email account to
subscribe. I created an email account in yahoo that I only use for the
Mooney list. I sometimes go months without looking at it because I'm
busy. Then, I'll have an issue and I'll log into that account, ask a
question and get a quick answer. Many of the operators of our Mooney
factory service centers are on the list too (Tom from Top Gun, Paul and
Robert from Lake Aero, Don from Maxwell Aviation, etc). These guys are
the gurus of keeping Mooneys running (and I've had each of them work on
my Mooney).

Anyway, to subscribe go to aviating.com.

-Robert

Or you can use your regular email account and put a filter on it to
direct for the tech stuff or
for the regular stuff to separate folders. Whenever
I need someting specific to my Mooney I go to the Mooney list. Example -
we jsut had a STCT30 autopilot installed in our '79 "J" and we saved 3-4
AMU's by asking the Mooney Gods about the best place to go!!

Currently there are some awesome pireps on the new Garmin 396 that we
are thinking about getting (hey it's only money right?). I'm sure that
the Cessna, Piper, Cirrus, and Bo folks hafve such groups too. I find
them a very valuable tool indeed...

Jon Kraus
'79 Mooney 201
4443H @ TYQ

Robert M. Gary wrote:
Dave,
There are two lists. There is a general lists and sometimes gets very
chatty and crappy. Other times its great. There is also a tech list
that is pretty tightly controlled (usually). The tech list is just SO
AWESOME! Just two weekends ago I wanted to replace a vent in my Mooney
and couldn't figure out how to get it out (the maint. manual leaves a
lot to the mind). I had answers right away.

For me, the trick is to NOT use your regular email account to
subscribe. I created an email account in yahoo that I only use for the
Mooney list. I sometimes go months without looking at it because I'm
busy. Then, I'll have an issue and I'll log into that account, ask a
question and get a quick answer. Many of the operators of our Mooney
factory service centers are on the list too (Tom from Top Gun, Paul and
Robert from Lake Aero, Don from Maxwell Aviation, etc). These guys are
the gurus of keeping Mooneys running (and I've had each of them work on
my Mooney).

Anyway, to subscribe go to aviating.com.

-Robert