PIPER CHEROKEE 140

1964 Piper Cherokee

Specifications

Year

1964

Total time (TTAF)

2,034 hrs

Annual due

Jul 2025

Avionics & panel

• MAC King 170
• AT150 ADS-B

Equipment list extracted from the seller's description. Verify with logbooks before purchase.

How this stacks up

• Below market

  $41,450 (44%) below the family-wide median of 62 Piper Cherokee listings (year & hours not controlled)

• Listed 2 months ago

  On the market about as long as the typical one of 62 comparable Piper Cherokee listings still for sale

• Price reduced $5,000

  Down 9% from the original $57,000 — a seller motivation signal

• Annual may be overdue

  The listing states the annual was due Jul 2025 — confirm the aircraft has a current annual before you commit

• 2/5 key specs

  Key information is missing — ask the seller about hours, engine time, and registration

This summary draws on signals shown in detail below — price comps, listing age, maintenance and engine status, and key specs. Read each section for full context. Not an appraisal.

Airframe time

Average over the aircraft's life — 2,034 hrs total time across ~62 years. A rule of thumb, not a guarantee.

Low-time for its age

This airframe has averaged about 33 hrs/year over ~62 years — light use for a personal aircraft. Fewer hours can mean lighter wear, but aircraft that sit also risk dried seals, corrosion, and stale fuel-system components. Ask how regularly it's flown and what the recent annual inspections found.

Annual inspection

Required every 12 calendar months. Read off the listing's stated annual-due date — confirm against the logbooks.

Annual inspection may be overdue

The listing states the annual was due Jul 2025, about 14 months ago — confirm the aircraft has a current annual, and budget ~$2,500 if it still needs one.

Price history

1. Price reduced· Sep 24, 2026$52,000−$5,000 (-9%)
2. Listed · Jul 23, 2026$57,000

Cost to own

Rule-of-thumb estimates — insurance ≈ 1% of price, hangar $7,500/yr, annual inspection $2,500/yr, fuel + oil at your selected hrs/yr. Your actual costs will vary.

At 100 hrs/yr, renting at $150/hr would be $7,520 cheaper annually — fly more to see ownership savings.

Buy-in is the asking price split evenly across partners — what you'd each pay to acquire the aircraft (the real figure is negotiated). Fixed costs (insurance, hangar, inspection) split equally by number of partners; fuel/oil is per-pilot since each partner flies their own hours.