Aircraft Snapshot
- Airframe ClassSingle-Engine Turboprop
- Passenger Capacity9
- Max Range1,000 NM
- Normal Cruise Speed180 KTAS
- Useful Load3,000 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$1.2M - $2.0M
- Financing Profile / LiquidityHigh
Operating Costs
- EngineP&W PT6A-114A
- Engine TBO3600 hrs
- Fuel TypeJet-A
- Fuel Efficiency55 GPH
- Direct Operating Cost$580 / hr
Financed Cost of Ownership
$12,709/mo
Estimated all-in monthly cost of ownership
- Financing Payment$10,292/mo
- Operating Cost (Est.)$2,417/mo
6.69% rate (Turboprop & Jet), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Garmin G1000
Ownership Analysis
The standard-length Cessna 208 Caravan, in production since the mid-1980s, is a high-wing single-engine utility turboprop powered by the Pratt & Whitney PT6A-114A. It is a global workhorse for cargo feeder, passenger commuter, humanitarian, and utility operations.
Most Caravans have commercial operating histories, so total time, cycles, corrosion, and Part 135 maintenance records are key. The type’s massive fleet and PT6A support network make parts and maintenance widely available.
The Caravan’s enduring commercial demand gives it unusually strong collateral characteristics for a turboprop. Lenders weigh operating history and engine status, and loan terms fall under the Turboprop & Jet tier.
Curious what financing a Cessna 208 Caravan (Short) could look like for you?
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