CESSNA Citation 500 Price and Operating Costs

Specifications
The CESSNA Citation 500, manufactured from 1972 - 1976, requires a 2 person crew and can transport up to 5 passengers. The aircraft has a maximum operating altitude of 41,000', a normal cruise speed of 332 KTS/382 MPH, and a 911 NM/1,048 SM seats-full range. The CESSNA Citation 500 has a 3,851' balanced field length and 2,736' landing distance. The cabin measures 04'04" high, 04'11" wide, and 12'08" long. It has a total baggage capacity of 57.00 ft^3; 40.00 ft^3 being internal and 17.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned CESSNA Citation 500 is $333,333.33. A $182,500.00 loan over 120 months including $760.42 per month in interest equates to a $9,151.23 per-period payment. Based on 450 annual owner-operated hours and $6.00-per-gallon fuel cost, the CESSNA Citation 500 has total variable costs of $1,123,650.00, total fixed costs of $475,425.00, and an annual budget of $1,599,075.00. This breaks down to $3,553.50 per hour.