MOONEY M20R Ovation 3 Price and Operating Costs

Specifications
The MOONEY M20R Ovation 3, manufactured from 2007 - 2010, requires a 1 person crew and can transport up to 3 passengers. The aircraft has a maximum operating altitude of 20,000', a normal cruise speed of 173 KTS/198 MPH, and a 771 NM/887 SM seats-full range. The MOONEY M20R Ovation 3 has a 2,233' balanced field length and 3,309' landing distance. The cabin measures 03'08" high, 03'07" wide, and 10'06" long. It has a total baggage capacity of 23.00 ft^3; 23.00 ft^3 being internal and 00.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned MOONEY M20R Ovation 3 is $270,000.00. A $135,000.00 loan over 120 months including $562.5 per month in interest equates to a $6,769.40 per-period payment. Based on 450 annual owner-operated hours and $6.75-per-gallon fuel cost, the MOONEY M20R Ovation 3 has total variable costs of $96,862.50, total fixed costs of $23,165.00, and an annual budget of $120,027.50. This breaks down to $266.73 per hour.