My take on a lot of the lower end 1960-1970 vintage planes is that they are more like cars. Figure they will have zero value in 10 years.
With the value of a Cherokee 140 being max $30,000, I would have looked at a used engine or considered parting out and buying another one.
Originally Posted by
di1630
I bought a Piper Cherokee 10+ years ago. Runs on auto gas, fixed gear but performance to haul 4 persons with gear and long XC legs. Its been great.
The bad, I am currently overhauling the motor and its $30K and rising. You wouldn't think a USED crankshaft would cost $10k on an air cooled motor but its better than $25K new