Originally Posted by
jonnyjetprop
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.
If you intend to keep the plane, overhauling the engine is a great way to buy a lot of peace of mind. Financially it makes no sense at all, but flying behind an engine you trust 100% is priceless.