PIPER Seneca V Price and Operating Costs

Specifications
The PIPER Seneca V, manufactured from 1997 - Present, 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 200 KTS/230 MPH, and a 749 NM/861 SM seats-full range. The PIPER Seneca V has a 1,658' balanced field length and 3,436' landing distance. The cabin measures 03'07" high, 04'01" wide, and 10'04" 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 V is $546,304.35. A $317,500.00 loan over 120 months including $1322.92 per month in interest equates to a $15,920.63 per-period payment. Based on 450 annual owner-operated hours and $6.75-per-gallon fuel cost, the PIPER Seneca V has total variable costs of $175,162.50, total fixed costs of $104,270.00, and an annual budget of $279,432.50. This breaks down to $620.96 per hour.