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How much is a cheap private jet? There are a lot of misconceptions about private jets, who can afford them and who can’t. In terms of price, a private aircraft purchase falls into one of the most competitive markets in the world.
The prices are dictated by the laws of supply and demand, so if you think it is ridiculously expensive to buy a small aircraft, you should know that this is only the case when there is an over-supply of used jets on the market.
There are many misconceptions about private jets. One of the most common is that they are very expensive. Private jets have become more affordable, and some companies (like Air Charter Club) have reduced the cost to a fraction of what it was 20 years ago.
Since 2008, we have helped more than 6,000 clients buy or sell a private jet. In that time, we’ve seen a lot of pricing trends. But one thing has been apparent for years: Pricing for jets fluctuates based on seasonality and also demand-supply economic conditions.
Private jets have risen in popularity over the last few years, coinciding with the growing inequality between the haves and the have-nots. Unfortunately, private air travel has become an exclusive member-only club and is essentially out of reach for most commoners.
The price discrepancy between public and private aviation is immense and this gap will only increase into the future unless cheaper alternatives are discovered. To close this gap, major innovators are trying to disrupt the private jet industry by providing cheaper alternatives.
Key things to learn
- How much is the cheapest private jet cost?
- What is the cheapest private plane to buy?
- How much is the smallest private jet?
- List of cheapest private jet to buy
- The Citation Mustang
- The Eclipse 500
- The Cirrus Vision Jet
- The Honda Jet
- The Embraer Phenom 100
- Cessna Citation CJ3
Read more article: Is Buying a Private Jet Worth It?
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How much is the cheapest private jet cost?
The cheapest private jets will cost you around $3 million, and that’s for an older model. The newer models can be as much as $5 million. For example, a new Falcon 2000S would cost about $4.5 million. A new Challenger 350 or Citation XLS+ would cost about $5 million.
The best way to save money on a private jet is to find a good used aircraft. Older models will be cheaper but still have many years of life left, so you can sell it again in the future if you need more cash flow.
The best place to find used private jets is at air shows, where aviation enthusiasts meet and talk aircraft values with each other.
It is not easy to buy a private jet. It may sound like a simple enough process but there are lots of things that need to be considered before you purchase a private jet.
You have to consider the size of the plane, the amenities on board and the price. Here are some tips to help you determine how much it will cost you to buy a private jet:
Size matters
The size of your jet will affect its cost. The larger the size, the more expensive it will be. This is because there are more amenities on board and more space for passengers and crew members.
If you only need a small plane, then this will be less expensive than having a large one with lots of features. However, if you want comfort and luxury then going for a large jet makes sense since it means that there is plenty of room for everyone on board.
Amenities
Some jets come with all kinds of amenities such as onboard kitchens where chefs can cook gourmet meals for the passengers, pools and spas for relaxation and even gyms for exercise during long flights.
These extra features make flying in private jets much more luxurious compared to flying commercial airlines where you have limited options when it comes to food and drink services as well as entertainment.
Buying a private jet with $100,000
You don’t have to be a millionaire to own your own plane. A new generation of private jets is smaller and more affordable than ever before. Here’s how to get started.
The first step is getting an aircraft endorsement on your pilot’s license (which requires at least 250 hours of total flight time). Then you’ll need to decide what type of jet you want: small or large?
Piston or turbine? Single engine or twin? And what kind of range do you want? If you’re not sure, start with the basics: a small single-engine piston airplane with a range of 400 miles will cost around $100,000 in good condition.
If you’ve just won the lottery or inherited a large sum of money, you might be looking to buy a private jet. While it may seem like a luxury that only the wealthiest of people can afford, it’s actually possible to buy a private jet with as little as $100,000.
Buying a private jet is not simply buying an airplane and calling it yours. You will need to spend considerable time researching different models and manufacturers before making your final decision.
You’ll also need to find someone who can help you with maintenance and certification for the aircraft. Once you’ve got these things figured out, though, you’ll have access to one of the most luxurious modes of transportation available today.
Read more article: Why do Private Jets Fly at Higher Altitudes?
What is the cheapest private plane to buy?
The cheapest private plane to buy is the Piper Cherokee. This four-seat aircraft is a light aircraft that can take off and land on short runways, as well as land in small spaces such as in a field or parking lot.
It does not require a runway for takeoff or landing, and it can also be stored inside your garage or hangar if you want to keep it out of the weather.
The Piper Cherokee costs between $20,000 and $40,000, depending on the model you choose. It has a cruise speed of about 115 mph and can fly up to 1,200 miles per hour with one pilot and three passengers on board.
The airplane has an empty weight of 1,200 pounds (544 kilograms), which is quite light compared with other small planes that weigh 2 tons or more when empty.
Another the cheapest private plane to buy is a one-engine Cessna 172.
There are a number of factors that go into determining the cheapest private plane to buy. The first is the type of aircraft you want to purchase.
There’s a wide range of planes available in all different sizes and styles. Some have more room than others, some can fly faster or longer, and some are more expensive than others.
The second factor is how much you’re willing to spend on your new aircraft. If you’re looking for something on the cheaper end of the spectrum, you may be able to find an older model with lower maintenance costs.
If you’re looking for something newer, it will cost more but also have fewer problems down the road.
How much is the smallest private jet?
The smallest private jet is the Cessna Citation Mustang. It is a single-engine turboprop with a range of 1,000 miles, and can accommodate up to five passengers. The price tag for this aircraft is $3 million.
The Embraer Phenom 100 is another small private jet that has been gaining popularity among those who want something smaller than the Citation Mustang but don’t want to sacrifice much in terms of comfort and amenities.
This aircraft has a range of 1,400 miles and can accommodate up to six passengers. Its price tag is about $4 million.
If you’re looking for something even smaller than the Phenom 100, then you might want to consider the Cessna Citation CJ4+, which has a range of 1,100 miles and can seat up to eight people comfortably. This aircraft costs about $5 million.
Another smallest private jet on the market is the Embraer Phenom 100. It seats six passengers and has a range of approximately 700 miles. The cost of ownership of this aircraft is between $1 million and $2 million per year.
The second-smallest jet on the market is the Eclipse 500, which seats five passengers and has a range of 1,000 miles. This aircraft costs between $1 million and $2 million per year to operate.
The third-smallest jet available is the Citation Mustang, which seats four passengers and has a range of 1,000 miles. This aircraft costs between $1 million and $2 million per year to operate.
Read more article: Are Private Jets more or less Turbulent During Flight?
List of cheapest private jet to buy
The Embraer Phenom 300 is a Brazilian business jet and the second most popular business jet in the world. It was introduced in 2009 and has since become one of the most popular private jets on the market.
The Embraer Phenom 300 can seat up to eight passengers and has a range of 3,200 miles. The Embraer Legacy 500 is the largest business jet made by Embraer. The Legacy 500 is a very popular private jet with its spacious cabin.
Large windows and excellent performance capabilities. This aircraft can seat up to 10 people in total comfort and has a range of 4,000 miles.
The Bombardier Challenger 300 is one of the best-selling business jets in history with more than 1,400 aircraft sold since 1984.
The Challenger 300 has an excellent combination of size, performance and cost efficiency making it one of the most popular private jets in use today.
It can seat up to nine people comfortably with a range of 4,100 miles at Mach 0.80 speed (488 km/h) or 6,300 miles at Mach 0.73 speed (655 km/h).
The Gulfstream G550 is one of the most popular private jets available today with almost 1,200 aircraft delivered between 2002 and 2015 so far.
I have handpicked the list of private jets that you can right now and very affordable, take a look at each of them below:
The Citation mustang
The Citation Mustang is a light jet aircraft designed and manufactured by Cessna Aircraft Company in Wichita, Kansas. The Citation Mustang is Cessna’s first all-new model since the introduction of the Citation XLS in 1996.
The Citation Mustang was unveiled at a press conference in Wichita on May 12, 2012. The aircraft made its maiden flight on October 19, 2012 and received FAA certification on November 21, 2013. Deliveries began on December 17, 2013 with an initial production rate of one per month.
The Citation Mustang is based on the Citation Jet CJ4, which was originally introduced as the Learjet 40/45/50 series in 1986. The CJ4 was produced from 1986 to 2000 and had a total production run of 658 aircraft; a majority of these were Learjet 45s with 440 built between 1990 and 2000.
The new design features improvements over the CJ4 including a larger cabin, updated avionics (including flat screen displays), reduced maintenance costs through use of modern materials and systems throughout, increased range due to increased fuel capacity and greater power output from an updated engine design.
Some changes to the exterior have been made including adding winglets to improve aerodynamics while decreasing drag; other.
The Citation Mustang is a two-seat, low-wing, single-engine retractable gear aircraft that first flew in 1963. It was designed by Robert J. Wood and is manufactured by Cessna Aircraft Company in Wichita, Kansas.
The Mustang has been continuously manufactured since 1964 and over 25,000 have been built. The Citation Mustang was developed from the earlier T-37 Tweet primary trainer, which was itself based on the Cessna 175 Skylark civilian light aircraft.
The design has evolved over its life with a number of variants produced including the Citation II and III models, which had improved engines and autopilot systems. A new variant, designated as the Citation Sovereign, was announced at Air Venture 2011 and entered service in 2016.
Read more article: Can Private Jets Land Anywhere?
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The Eclipse 500
The Eclipse 500 is a small jet manufactured by Eclipse Aviation. The aircraft is a four-seat, single-engine jet based on the Eclipse 500 canard design.
The Eclipse 500 was the first aircraft of its kind to be certified by both the FAA and European Aviation Safety Agency (EASA).
The original price of the aircraft was US$1 million. It won several awards including “Best New Business Aircraft” at the 2003 National Business Aviation Association convention and “Best Business Jet” at the 2004 EAA Air Venture Oshkosh Fly-In.
The Eclipse 500 was designed as a low-cost personal jet that could be flown by any pilot with a sport pilot license.
The project started in 1999 when two former Cirrus employees left their jobs to develop an airplane that would appeal to pilots who wanted to fly their own plane but lacked sufficient training or experience.
Eclipse Aviation was founded in 2001 and began taking orders for the Eclipse 500 in 2002. The first production model was delivered on June 6, 2006.
A total of thirty-three aircraft were produced before production ceased in 2008 due to lack of capital; all but three had been sold at.
The Eclipse 500 is the first all-composite business jet in the world, and is designed to be the fastest, highest-flying, most aerodynamic and most fuel-efficient private jet ever built.
The Eclipse 500 has a cruise speed of 453 knots (488 mph) at 41,000 feet and a range of 1,200 nautical miles. It features an all-composite airframe with a square canard design and can fly at 45,000 feet with a full load of fuel.
The Eclipse 500 is offered in two configurations: the standard model (T500) and the stretched model (T525). Both models are powered by two Pratt & Whitney Canada PW610F turbofans that produce 2,400 pounds of thrust each.
The Cirrus Vision Jet
The Cirrus Vision Jet is a personal jet aircraft designed by Cirrus Aircraft and introduced in October 2017. It is the first all-composite, single-engine jet.
The Vision Jet, which was originally called the Cirrus All-Weather Research Aircraft (CAWRA), was announced at NBAA in October 2016 and made its public debut at EAA Air Venture Oshkosh 2017.
The Vision Jet is intended to be used as a trainer aircraft for both private and commercial pilots, but it can also be used for business travel. It seats five people, two in front and three in back.
The cabin has a diameter of 5 feet 6 inches, comparable to that of an SUV and slightly smaller than that of a Cessna 172 or Piper Arrow.
On October 25th 2017 it became the first certified all-composite single-engine aircraft when it received its type certificate from the FAA. The certification process took 15 months during which more than 1,000 test flights were conducted.
The Vision Jet is powered by a Williams International FJ33-4A turbofan engine. It has a cruise speed of 375 mph (603 km/h) and a range of 1,500 miles (2,400 km).
The cabin has seven seats that fold into beds for overnight travel; the company claims it can be used as a “personal hotel room.” It will have an average fuel consumption of 13 gallons per hour at its maximum weight of 6,000 pounds (2,700 kg).
The aircraft is intended to be flown by a single pilot with no co-pilot required. Cirrus claims that the Vision Jet will be easier to fly than other jets because it has fewer complex systems.
The Cirrus Vision Jet is a very small jet that seats five people. It’s powered by a single jet engine and can fly at speeds up to. It has a range of 1,200 nautical miles and can be flown by a single pilot.
The Cirrus Vision Jet can take off and land in short distances, which makes it useful for short runways, like those in rural areas or at small airports.
The Cirrus Vision Jet was designed with safety in mind. It has great visibility from the cockpit and a flat floor that helps passengers move around more easily.
The aircraft also has a parachute system that allows pilots to safely land their plane if they lose power or experience other problems while flying.
Read more article: Can you Smoke on Private Jets?
The Honda jet
The honda jet is a business jet aircraft produced by the American Honda Motor Company. It was designed to be a light and fast business jet with a top speed of 440 knots (490 mph) at FL 410 and is powered by two GE Honda HF120 turbofan engines. The honda jet was announced in 2002 and made its first flight on September 7, 2008.
The aircraft’s name, Honda Jet, is derived from Honda Aircraft Company, Inc.’s parent company; the name itself comes from the Latin word for “right hand”. HJC is an acronym for Honda Jet Company, referring to its parent company.
The honda jet is a light business jet that seats up to six passengers or one pilot and five passengers. Its cabin features large windows and upholstered leather seats.
On July 8th 2017 a crash occurred involving N700AN (Honda Jet) registration number N700AJ owned by Net Jets Inc., which resulted in four fatalities including two children. The pilot reported smoke in the cockpit prior to the crash after takeoff from Teterboro Airport New Jersey USA.
The honda jet is a twin-engine jet with two turbofan engines mounted on the wings. The first production aircraft was delivered to its customer in December 2015.
Over 150 aircraft have been ordered since launch, including 20 options and 80 purchase rights, with an average delivery price of $3.2 million each.
Honda Jet has been certified by the Federal Aviation Administration (FAA), European Aviation Safety Agency (EASA) and Japan Civil Aviation Bureau (JCAB). The aircraft is currently produced in Greensboro, North Carolina at the Piedmont Triad International Airport.
It was previously assembled at the Honda Aircraft Company factory in Greensboro but has since been relocated to the Greensboro Coliseum Complex for increased production capacity.
The honda jet is a single-engine, low-wing cantilever monoplane with an all glass cockpit. It has retractable landing gear and an integrated wing tip fuel tank. The engines are mounted on top of its wings with thrust reversers built into both engine nacelles.
The airplane’s design allows it to take off from short runways and land vertically if necessary; it has been certified to operate from unprepared strips as short as 1,000 feet (305 m).
The first flight took place on September 14, 2008. At that time it was expected that deliveries would begin in early 2011. However delivery problems led to delays and did not.
Read more article: Cheapest Private Jet to Buy Right Now
The Embraer phenom 100
The Embraer Phenom 100 is a Brazilian light twin-jet aircraft, developed by Embraer. It was launched at the aero show in Friedrichshafen, Germany, on April 19, 2008. The aircraft is expected to enter service in early 2010.
The Embraer Phenom 100 is a light twin-jet aircraft intended to replace the Beechcraft Baron and Cessna 310. It was developed as an all-new design rather than being based on previous products from either company (although it does have some technology from the EMB-500).
The aircraft features a high-mounted wing with large runways and short takeoff and landing (STOL) performance capability. It is powered by two Garrett TPE331 turboprops mounted on pylons above the wings.
The engines are installed on rotating nacelles to reduce noise and vibration and allow for easier maintenance access. As of December 2009, Embraer has received orders for more than 230 Phenoms.
The Embraer Phenom 100 is a twin-engine jet aircraft designed for business aviation. The aircraft was first flown on 2 February 2009, reaching 250 km/h (155 knots) cruise speed on its third flight.
The prototype first flew commercially on 17 December 2009. The Phenom 100 is the smaller brother of the larger Embraer Phenom 300. It is also the first business jet to use Honeywell’s Primus Epic avionics suite and have an all-glass cockpit.
The Embraer Phenom 100 was certified by EASA in September 2010; the FAA certification followed on 11 December 2010, with FAA type certification awarded on 21 December 2010.
Deliveries began in March 2011 with a base price of US$6 million. As of November 2016, over 950 Phenoms had been ordered by operators worldwide.
Cessna citation CJ3
The Cessna Citation CJ3 is a small business jet that was introduced in 2004. It is the third generation of the Cessna Citation family, which includes the CJ1+ and CJ2+. The CJ3 has a range of 2,500 nautical miles (4,600 km). The CJ3 is powered by two Williams International FJ44-3A turbofans.
The aircraft has been criticized for its high fuel burn but also praised for its performance, handling and cabin comfort. As of January 2019, over 400 have been delivered with orders for over 1,000 more.
The Cessna Citation CJ3 is a light jet aircraft produced by Cessna Aircraft Company. It was announced in October 2009 at the NBAA Convention, with deliveries scheduled to begin in early 2010.
The CJ3 features a single turbofan engine and is based on the Citation Mustang, sharing its tail assembly, landing gear and some systems.
The CJ3 is intended to be an upgrade from the popular Citation XLS+/XLS/XLS+. It is priced at $7.5 million in 2012 dollars and offers a range of 2,000 nm (3,700 km). This aircraft has been certified for operation into known icing conditions and for operating on runways as short as 4500 feet (1,200 m).
The CJ3 has a maximum takeoff weight of 13,600 lb (6,200 kg), a cruise speed of 375 kn (745 km/h), and an initial climb rate of 2,150 ft/min (10 m/s). Its range with two pilots and six passengers is approximately 1,750 nmi (2,905 km) with one stop.
The Cessna Citation CJ3 is a mid-size business jet aircraft built by the Cessna Aircraft Company. The CJ3 was announced on 11 January 2010 and first flew on 14 November 2010. It entered service in May 2013.
The Citation CJ3 is based on the Citation Latitude and offers increased cabin space and range over previous models. It has two underwing hard points for aero-tow, air drop or sling load operations.
Read more article: Do Private Jets Have Parachutes?
Final conclusion
A cheap private jet will cost you about $4 million. That’s the quick answer. The longer one is that the price will depend on several factors including how quickly you need to get from point A to point B, what size jet you are looking for, and of course, additional add-ons and example costs.
Because the price of a jet depends on the model and range of the jet, it is difficult to set an actual and final price.
However, there are some private jets that are less than $3 million which should be enough for most owners who will use it either for personal purposes or small businesses since they are affordable and equipped with luxurious features.
In other words, even a cheap private jet can still cost upwards of $350,000. If your budget is lower than that, there are always charter jets available to you.
The interiors of many small jets and turboprops can vary widely, so it is best to review specific models and manufacturers before making a purchase. However, most general aviation aircraft can fly between 5 and 6 people comfortably.
If you are traveling with additional people that will require an external seat, you should look into larger aircraft such as a King Air or Cessna Caravan.
In addition, most private aircraft rely on a mixture of battery-recharged electrical power and liquid-fueled conventional engines.
If you learn from this article please make sure you share with your love ones and like this article, thank you so much I will see you on my next brand new article about private jets, bye!
Read more article: How much do Private Jet Pilots Make?
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Joseph Benson
Hi, I am Joseph Benson the CEO of Trullyreview, welcome to your number one source for all things aircraft. I am the designer of Benson B1 Helicopter.
