Aircraft Snapshot
- Airframe ClassSingle-Engine Piston
- Passenger Capacity4
- Max Range700 NM
- Normal Cruise Speed135 KTAS
- Useful Load1,000 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$120,000 - $220,000
- Financing Profile / LiquidityHigh
Operating Costs
- EngineLycoming IO-360
- Engine TBO2000 hrs
- Fuel Type100LL
- Fuel Efficiency10 GPH
- Direct Operating Cost$140 / hr
Financed Cost of Ownership
$1,666/mo
Estimated all-in monthly cost of ownership
- Financing Payment$1,082/mo
- Operating Cost (Est.)$583/mo
6.56% rate (Certified Piston), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Legacy / Upgraded Glass
Ownership Analysis
The Arrow III (PA-28R-201), introduced in 1977, gave the Arrow line the tapered wing and larger fuel capacity of the Archer, powered by the Lycoming IO-360 (200 hp) with retractable gear and a constant-speed prop. It offers a slightly longer range and more comfortable cabin than earlier Arrows, making it a practical personal traveling aircraft.
Gear system maintenance, corrosion history, and engine time are the main condition variables. Many Arrow IIIs serve as complex trainers, so usage history matters. Panels range from original analog to upgraded GPS and ADS-B installations.
Steady demand as a complex trainer and personal aircraft supports reasonable collateral values. Loan terms fall under the Certified Piston tier.
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