PIPER M500 Price and Operating Costs

Specifications
The PIPER M500 , manufactured from 2015-2019, requires a 1 person crew and can transport up to 5 passengers. The aircraft has a maximum operating altitude of 30,000', a normal cruise speed of 246 KTS/283 MPH, and a 769 NM/885 SM seats-full range. The PIPER M500 has a 2,600' balanced field length and 2,100' landing distance. The cabin measures 03'11" high, 04'01" wide, and 12'03" long. It has a total baggage capacity of 20.00 ft^3; 20.00 ft^3 being internal and 00.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned PIPER M500 is $2,000,000.00. A $970,775.00 loan over 120 months including $4044.90 per month in interest equates to a $48,678.26 per-period payment. Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the PIPER M500 has total variable costs of $356,400.00, total fixed costs of $173,769.00, and an annual budget of $530,169.00. This breaks down to $1,178.15 per hour.