Continental thus specified operating requirements for the engine that were unusual at the time, specifically lean-of-peak EGT operation. Insurance is a fixed cost that you typically pay once per year. It mostly comes down to how many hours per year you're going to fly it. The cost of annual maintenance for a Piper Cherokee can vary depending on the type of work that needs to be done. I got the privelege to right seat in it a number of times. The resulting forward baggage area is an impressive 33 cubic feet. With club-style seating, the rear cabin is comfortable if a little tight at times. If youre mechanically inclined and able to do the labor yourself, you can save quite a bit on oil changes. Unfortunately, I did not keep track of the overall fuel that day. (Scimitar-Shaped). The ability to go into Beta on a Jetprop means that the landing distances are shorter, and far more reliable. Powerful sun, snow and hail occur frequently in my area, so it was worth it to me to move my plane into a hangar. The power setting and leaning would have to be right. . Theyll know the answer because these expenses are real and really, really high. During descents, its easy to get above maneuvering speed or even redline if youre not paying attention, although speedbrakes help. The cooling mod worked wonders for my 08 Matrix. All of these airplanes should be trading for nearly $1m. Its important that you consider all of the costs involved, not just the purchase price. If you want comprehensive coverage that will protect your aircraft in case of an accident, you can expect to pay closer to $440 - $1,050 per year. The cooling mod worked wonders for my 08 Matrix. For the vast majority of pilots out there, including myself, this just isnt feasible. When fuel prices fluctuate, this variable cost fluctuates as well. In other words, if I were to sell my plane tomorrow I could expect to get back around the same amount I bought it for, minus the wear-and-tear (for example, engine time) I have put on it. Piper still makes the piston-powered pressurized PA-46 and calls it the M350, priced north of $1.1 million. Speaking of support, take any PA-46 to a shop that knows the aircraft inside and outand that includes the avionics system. Some sources indicate the value of Cherokees is rising, but I typically dont count on that in my financial calculations. I plan on burning 7.5 gallons per hour, meaning each operating hour costs $35 in fuel alone. It's a pricey and time-consuming effort that many Belvoir Media Group, LLC. Both are sensitive to proper operating technique. 6 years ago you couldnt find a Jetprop for less than $800k and most were north of $1.2m. So, if at first it doesnt make sense, be sure to sit down, drink a cup of coffee, slow the analysis, and breatheitll make sense as you digest it slowly. Generally, you can expect to pay between $500 and $2000 per year. But, the closest airframe is probably the Cessna P210. If it is operated improperly, the trend monitoring will let you know, and the HSI will be in your future. It will be 4 (King Air) to 50 (Citation) pages of small-print listing maintenance items that are due at certain intervals. For me, Ill take the turbine every time if given the choice. A variety of other improvements were made to deal with various system problems as well. As pilots, planning is an extremely important skill, and this includes financial planning. Dan, you should join MMOPA. Alternators, vacuum pumps and, in particular, the exhaust system are all items mentioned by our survey respondents and matched the Service Difficulty Reports reported to the FAA. Thats mostly true, but these airplanes dont have standup cabins. Pressure 5.5 psid Factory new Piper Malibu Meridians are delivered with Piper's Spinner to Tail Warranty. While this is significantly higher than the $45 a month for a tie down in Bend, the airplane is largely protected from the rain, wind, and elements which far outweighs the cost for me. A $30,750.00 loan over 120 months including $128.12 per month in interest equates to a $1,541.92 per-period payment. Piper Meridian / Model Prices Designed to appeal to the masses, the Piper Meridian can be acquired both new and used. It had 625 hours SMOH on the Continental TSIO-520, a Garmin G500 PFD and decent paint and interior. Curved propellor blades Why Are Airplane Propeller Blades Twisted? Importantly, they read all the logbooks to make sure they were complete and that there were no surprises. One place its not at home is taking off from short runways. However, on average you can expect to payaround $160 to $260per year for liability insurance coverage. PA-46 pilots did demonstrate some difficulties controlling the machine on rollout after landing in crosswindswhich surprised us as the wide-track gear should make for good ground handling. * $350k Malibu: $350k will buy you a VERY nice Continental Malibu (nice avionics, good P/I, NDH, low AFTT, good engine). Owner satisfaction. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[580,400],'airplaneacademy_com-large-leaderboard-2','ezslot_10',128,'0','0'])};__ez_fad_position('div-gpt-ad-airplaneacademy_com-large-leaderboard-2-0'); On the flip side, if you live somewhere where demand is lower, you might be pleasantly surprised to learn how affordable it is to store your plane in a hangar. This will typically get you an older model, but saving $250,000+ is well worth it! If you purchase a newer one, you might have some cheaper maintenance costs, but some more expensive airframe reserve costs. 6.) * 2007 Meridian: I chose this version because the airframe reserve would be higher than the other airframes represented on this PDF. These airplanesno matter the vintageare far from inexpensive to own and operate, and insurance companies know that they are unforgiving in the hands of pilots who dont take training seriously. Whoever was to blame for Malibu engine problems, squabbles between owners, Piper and TCM grew heated and ugly at times. As it came time to rebuild it again, I checked out all options. These inspections can completely break the bank when they come due. If youre excited about buying a Piper Cherokee which you totally should be! It's that valuable! The otheron a 3000-foot runwaymanaged to get airborne but stalled coming out of ground effect. My insurance costs me $80 per month, or $960 per year. Improve the performance, safety, and efficiency of your aircraft, and schedule your next annual inspection with Malibu Aerospace. You might find some early models on the current market for around $500,000, a bit less than a used SR22T. Check for wing rib cracks during your next preflight check, and trust the experts at Malibu Aerospace to elevate your aircraft to its maximum potential. The Malibus base price was $275,000, but with options the typical price was more than $320,000, or around $800,000 in 2020 dollars. , it costs roughly $35 to $40 per hour in fuel costs alone to fly. Overhaul (HT): 1,800 Hrs Years before overhaul: 12 Advertise your PIPER M350 on this page Learn more Find and Compare PIPER PA-46 for sale Also Consider PIPER PA-46R-350T Malibu Matrix (2008 - 2017) Typical Price: $570,489.00 Total Cost of Ownership: $47,066.30 Best Cruise: 215 KIAS ( 12 ) Best Range: 1343 NM ( 0 ) Fuelburn: 20.0 GPH ( 0.0 ) The cost of flying a Piper Cherokee depends on the type of fuel you use. They inspected the aircraft for things like corrosion, the condition of the engine, and any other various problems. For more than five decades, active and dedicated aircraft owners and pilots have turned to AVIATION CONSUMER to answer their most important buying questions. Get the 23 resources I wish I had at the start of my aviation journey in an easy-to-reference PDF. Aircraft Cost Calculator Currency Financing. I have been treated like a new friend by everyone at Malibu that I have interacted with, whether by Brad or Doug, but also Mark, Tom, Wilder & Rhett! The Malibu is not an airplane that just any shop can fix and we dont recommend bringing one to a shop without PA-46 experience. I also appreciated you going the distance along with the prop shop to get MT to participate in those repairs. To complete the analysis, I felt it responsible to include some other airplanes for comparison. That went against what most pilots had been taught before the current understanding of lean-of-peak opsand a fair number ignored the instructions and ran rich of peak. There was oncoming traffic at my 12 o'clock climbing out of KPDK and ATC called him to advise of me. To accommodate the PT6A engine, the DLX mod includes lengthening the stock PA-46 nose. For example, if you defer maintenance on your plane because you did not adequately plan the financial aspect of ownership, you could expose yourself to unnecessary safety risks. Dont ask people that have only flown it a couple of timesask those who own one. No big expense in your future. Turbine reliability: Yesall machines can break, I get it. That being said, getting a personal loan for an aircraft is certainly a popular and viable option but should be approached with careful and honest financial planning. Does it match the airplanes sexy looks? Pilots calculate total cost for flying by including an engine reserve in their calculations. As the price of fiel changes, this hourly rate will of course change right along with it. You can download a template for calculating aircraft ownership costs here, and modify it for your particular aircraft and situation. Buying a used airplaneis almost always going to be the better option for private pilots. * 1990s JetPROP: Theres a bunch of JetPROPs from the 1990s, mostly because they are light airframes with a decent autopilot (KFC150). 8.) With the Cherokeesaverage fuel burn of about 7 to 8 gallons per hour, it costs roughly $35 to $40 per hour in fuel costs alone to fly. Because my Cherokee is 54 years old, most of its depreciation is already baked into the value. Do contact me if I can help decipher the numbers. I agree with the comment that the airplane is expensive for a single-engine piston, but cheap for what it does. The plane flew like a charm. Engine overhaul TBOs are just estimates. In the past, I could never get better than a 500 FPM climb past 10,000'. Can you buy one for cheaper? Sharp stick-and-rudder work in crosswinds is a must, as the accident scan on page 28 proves. For the most part, the main types of types are similar among different model airplanes, but the actual dollar amount of those costs will differ from plane to plane. Aircraft I chose to use in the comparison: Norvic are TCM Continental specialists and by using genuine TCM Continental parts will ensure your Piper Malibu Mirage PA46 is back in the air with the minimum of fuss. 11.) The monthly cost for a small T-hangar is nearly $500 per month, with a 7 to 10 year waitlist. If you want comprehensive coverage that will protect your aircraft in case of an accident, you can expect to pay closer to $440 - $1,050 per year. Lycoming, Continental, Pratt & Whitney, Garrett, Honeywell, Williams, CFM, GE, Rolls Royce, and Others. But, either piston engine in a Malibu will also require a Top Overhaul at about 1000 hours SMOH, which will cost another $20k. Its the best time in history to buy a Jetprop. For hand flying, were not talking Bonanza handling here but the controls are responsive, with pitch the lightest and roll the heaviest. The used Malibu business must be really good. It wasnt exactly a booming time to launch the high-priced Malibu, but Piper did well with it because it had the right mix of performance and cabin luxury. With 20 plus years of Hindsight, this is what the Malibu wanted to be in the beginning. He claimed the engine lost power. Come on guysthe shelves are stocked and the blue light is on! Expect $7,000 in annual fixed costs (regardless of time flown) and approximately $70 per hour in variable costs per hour flown. Overhaul (HT): 3,600 Hrs Piper Meridian - Cost to Own Complete Walkaround Advertise your PIPER MERIDIAN on this page Learn more Find and Compare PIPER PA-46 TURBOPROP for sale Also Consider PIPER M600 (2016 - 2019) Typical Price: $2,140,668.00 Total Cost of Ownership: $169,206.97 Best Cruise: 274 KIAS ( 14 ) Best Range: 1658 NM ( 640 ) Mirage pilots pay more at the gas pumps but in exchange, they go a little faster, with speeds typically of 220 knots at FL230-250 at 75 percent power burning 18.8 GPH. Thats where an engine overhaul comes in. Find N845DW 2008 PIPER MALIBU MATRIX on Aircraft.com. I created the PDF below to help prospective PA46 owners forecast costs. The would-be owners turned out to be correct. With Norvic's best TSIO-550-C warranty in the business, your chances of reaching the next scheduled TBO with the lowest cost of ownership are the best available. At least, thats how Ive chosen to think about it. Ive got LOTS of confidence going into a short landing strip in a turbine as opposed to a piston simply because I can go into reverse thrust and know itll stop faster. These two characteristics sometimes lead to abuse of the relatively delicate nosegear. As you were browsing something about your browser made us think you were a bot. Malibu Aerospace is internationally renowned for our inspections, major maintenance, and STC installations. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. $30,236 for Factory Overhaul Service Limit Engine 5 Week Turnaround Reputable Overhaul Shop 1 $28,900 with New Lycoming Cylinders Crank/case Repair Included 7 Week Turnaround Reputable Overhaul Shop 2 $26,397 for Exchange & Overhauled Cylinders Add $2,400 for New Lycoming Cylinders Crank/case Repair Included Round Trip Shipping Included They are the same except for pressurization, correct? Excellent maintenance and regular inspection will always be less expensive than damage from improper care. If you hire a mechanic for a PPI and they find problems that convince you not to buy a plane, dont be disappointed. Miles is an engineer, pilot, and aircraft owner located in Bend, Oregon. We'll prove our success by flying youraircraft before we return it. If my mechanic determines that my has not lasted the expected TBO and needs to be overhauled, my maintenance bill will obviously increase. A piston powered PA-46 has an engine that was originally designed for about 250HP and then has all sorts of stuff added to the engine to allow it to make 310/350HP. The lack of cowl flaps doesnt help matters. We would be sure to be on the game while operating out of 2500 feet or less. Casey Aviation Founder/Chief Pilot/DPE/CPIIMHG/ATP, Aircraft training, brokering, examination, & more. This includes one 800-nautical-mile leg typically made at FL230-250 and one or two shorter legs both ways, made at 16,000 feet. 2008 PIPER MALIBU MATRIX Piston Single Aircraft Price: USD $629,900 Payments as low as USD $4,025.06 / monthly* Aircraft Location: Lexington, Kentucky Serial Number: 4692028 Registration #: N262CW Total Time: 2,379 Number of Seats: 6 Engine Notes: 685 Hours SMOH Airframe Notes: 2379 Hours SNEW This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies. But it will comfortably carry four people and baggage with full tanks, yielding a nonstop range of about 1400 miles for the Malibu and 1000 to 1200 miles for the Mirage. Beechcraft King Air 200 vs. Mitsubishi MU2. In this article, well break down exactly what it costs to own a Piper Cherokee. Is comfortable if a little tight at times you might have some cheaper maintenance costs, but I dont! 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