: Buying a "share" of a plane (e.g., 1/16th) allows you to split fixed costs like hangaring and insurance with other owners.
What is your primary (local recreation, cross-country travel, or business)? How many passengers do you typically need to carry? Do you have a specific budget in mind for annual upkeep? how much does a plane cost to buy
: Small planes often burn 8–10 gallons per hour, costing roughly $40–$60 per flight hour at current aviation fuel prices. Ways to Lower the Cost : Buying a "share" of a plane (e
The purchase price of an airplane ranges from roughly to over $100 million for a commercial airliner . For a personal aircraft, most buyers look at used single-engine planes, which typically cost between $15,000 and $100,000 . Estimated Purchase Price by Aircraft Type Aircraft Type New Price Range Pre-Owned Price Range Ultralight $8,000 – $15,000 $5,000 – $10,000 Single-Engine Prop $350,000 – $900,000+ $15,000 – $150,000+ Multi-Engine Prop $1M – $4M+ $75,000 – $300,000+ Light Private Jet $5M – $10M $2M – $5M Heavy / Large Jet $30M – $70M+ $15M – $40M+ The "Hidden" Cost of Ownership Do you have a specific budget in mind for annual upkeep
The sticker price is only the beginning; ongoing annual costs often surprise first-time buyers. For a small private plane, you should budget for:
: Hangar rentals average $250–$600 per month depending on location, while outdoor tie-downs are cheaper at $50–$150 per month .
: Mandatory annual inspections typically cost $600 to $1,200 for basic models, but complex overhauls can reach $30,000 to $40,000 .
