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 1,113 NM/1,281 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 $403,166.67. A $128,250.00 loan over 120 months including $534.38 per month in interest equates to a $6,430.93 per-period payment. Based on 450 annual owner-operated hours and $5.12-per-gallon fuel cost, the CESSNA Citation 500 has total variable costs of $990,720.00, total fixed costs of $55,166.00, and an annual budget of $1,045,886.00. This breaks down to $2,324.19 per hour.

RANGE:
1,113 NM / 1,281 SM
SPEED:
332 KTS / 382 MPH
PRICE:
$403,166.67
MAX PASSENGERS:
5 people
CESSNA Citation 500
Flying 450 Hours per Year
Flying 450 Hours per Year + 200 Charter Hours
Annual Owner Hours
450
450
Annual Charter Hours
-
200
Fuel Cost
$5.12
$5.12
Total Fixed Cost
$55,166.00
$42,686.00
Total Variable Cost
$990,720.00
$990,720.00
Annual Budget
$1,045,886.00
$1,033,406.00
Total Hourly Cost
$2,324.19
$2,296.46

CESSNA Citation 500

Retail High/Low/Average
Highest Price Found
$895,000.00
Lowest Price Found
$255,000.00
Average Price
$403,166.67
Avg. w/o High & Low
$317,250.00
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