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 734 NM/844 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 $7.25-per-gallon fuel cost, the PIPER Lance PA32R has total variable costs of $118,687.50, total fixed costs of $21,130.00, and an annual budget of $139,817.50. This breaks down to $310.71 per hour.