Is this a good price on a Cherokee

[tilopa]

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.

Thanks.

 

[Jim Logajan]

If it is VFR equipped, it sounds very good compared to asking prices I've seen on online sales sites for comparables. If it is IFR equipped, please send me contact information so I can buy it!

 

[Jim Logajan]

2. if you're happy with the log books, get the CD/DVD from the FAA ($2?) that lists all 337s, and such.

Looks to be $8 (assuming I have the correct link):

http://aircraft.faa.gov/e.gov/nd/

Edit: dang I'm slow.