PIPER Lance PA32R Price and Operating Costs

Specifications
The PIPER Lance PA32R, manufactured from 1976 - 1979, requires a 1 person crew and can transport up to 5 passengers. The aircraft has a maximum operating altitude of 15,400', a normal cruise speed of 156 KTS/179 MPH, and a 692 NM/797 SM seats-full range. The PIPER Lance PA32R has a 2,301' balanced field length and 2,241' landing distance. The cabin measures 04'01" high, 03'06" wide, and 10'04" long. It has a total baggage capacity of 24.00 ft^3; 17.00 ft^3 being internal and 07.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned PIPER Lance PA32R is $90,000.00. A $45,000.00 loan over 120 months including $187.5 per month in interest equates to a $2,256.47 per-period payment. Based on 450 annual owner-operated hours and $5.00-per-gallon fuel cost, the PIPER Lance PA32R has total variable costs of $99,450.00, total fixed costs of $62,080.00, and an annual budget of $161,530.00. This breaks down to $358.96 per hour.