PIPER Seneca IV Price and Operating Costs

Specifications
The PIPER Seneca IV, manufactured from 1994 - 1996, requires a 1 person crew and can transport up to 5 passengers. The aircraft has a maximum operating altitude of 25,000', a normal cruise speed of 156 KTS/180 MPH, and a 521 NM/600 SM seats-full range. The PIPER Seneca IV has a 1,755' balanced field length and 3,436' landing distance. The cabin measures 03'06" high, 04'01" wide, and 08'03" long. It has a total baggage capacity of 32.00 ft^3; 17.00 ft^3 being internal and 15.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned PIPER Seneca IV is $232,500.00. A $116,250.00 loan over 120 months including $484.38 per month in interest equates to a $5,829.21 per-period payment. Based on 450 annual owner-operated hours and $6.75-per-gallon fuel cost, the PIPER Seneca IV has total variable costs of $192,712.50, total fixed costs of $97,270.00, and an annual budget of $289,982.50. This breaks down to $644.41 per hour.