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Is this a good price on a Cherokee

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Nov 13, 2011
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Hi, I'm new to the forum and a student pilot.

A guy at the local airport where I take lessons is selling his 1965 Piper Cherokee 140 with the 150hp engine (TSMOH-1450), and TT airframe 3640. The annual is due Jan 2012, he has flown it regularly and owned it for about 15 years. The plane has spent its whole life in California but not hangered. The guy will take $15k for it but not a penny lower. I'm about to buy it but would like some input on whether that is a good price or not given the high engine hours and this time of the year.


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