The cost to buy a plane varies wildly depending on the type, age, and size of the aircraft. For personal use, a small used plane can start as low as , while a luxury private jet can exceed $75 million . Aircraft Type and Price Ranges
: Midsize jets burn between $1,200 and $1,740 per hour in fuel. Small propeller planes like a Cessna 172 might cost closer to $80–$180 per hour .
: These offer higher performance and safety, typically costing between $75,000 and $300,000+ . Private Jets : how much to buy a plane
: Lenders typically require 15% to 20% down , with loan terms ranging from 5 to 20 years. Cost of owning a small airplane - Facebook
: Ownership is generally considered financially justifiable if you fly at least 200 to 400 hours per year . If you fly less, on-demand chartering or fractional ownership (similar to a timeshare) may be more cost-effective. The cost to buy a plane varies wildly
: These typically range from $13 million to $20 million .
: These remain the same regardless of how much you fly. Small propeller planes like a Cessna 172 might
: Single-seat, single-engine recreational planes typically range from $8,000 to $15,000 .