Private Plane Cost – How much do I need to have to buy myself a private jet? How cost and expensive is a private plane? What is the amount I need to have to get my aircraft maintained? If you have all of these questions in your head and you need answers. Then you are on the right track. You have also found the ideal blog post that can assist you in different ways. However, I will need you to pay attention to all the points stated below because you will need them greatly.
Frankly, private planes are known to be one of the most expensive vehicles in the world and in the market. Its maintenance cost is also something that will need a lot from your pocket. But I am not disputing the fact that this aircraft is very important and perfect for a comfortable journey. So, if you are ready to own one, I am happy for you and I will gladly give you the cost price of the types of jets available in the market.
How Much Does A Private Plane Cost?
Private planes come in different sizes and have different makers and so, are their prices. In other words, the prices are determined based on the maker, size, feature, and many others. So, if you want to buy a jet, the type or model will determine its cost. All the same, the average price of buying a new jet will cost around $3 million to $660 million.
| PLANE/ JET TYPE | PRICE | NUMBER OF PASSENGERS |
| Very Light Plane | $1.5 million – $5.5 million | 4 – 7 |
| Light Plane | $900,000 – $6 million | 8 |
| Midsize Business Plane | $ 9.9 million – $20 million | 5 – 10 |
| Super Mid Plane | $5.4 million – $26.7 million | Up to 10 |
| Ultra-Long Range Heavy Plane | $35 million – $62 million | 17 |
| Heavy Business Plane | $27 million – $39 million | Not least than 10 |
How Much Does A Second-Hand One Cost?
A second-hand plane is cheap than a new one, to begin with. So, if you are considering renting one, then you need around $14 million. Now, if you have the decision, then you can check out a few jets that will suit you.
How Much Does It Cost To Charter A Private Plane?
The price required to charter or rent a private plane is around $1,200 to $12,000 on an hourly rate. So, when you rent a plane, you will be charged per hour and the cost also depends on the type of aircraft you are renting.
How Much Do I Need To Maintain A Private Plane?
Owning a private plane is a huge responsibility and if you are not capable of taking care of this vehicle. In other words, I am implying that purchasing a private jet means that you should be able to take and maintain it.
So, as a private airplane owner, you will be responsible for taking care of the cost of fuel, repairs, maintenance, storage, and many more. But the total of all of these falls within the range of $500,000 to $1,000,000 per year.
Equally important, you also need to know that the price for maintenance of a private plane depends on the type or model.