Piper Aztec D (PA-23-250)

Aircraft Snapshot

  • Airframe ClassMulti-Engine Piston
  • Passenger Capacity6
  • Max Range900 NM
  • Normal Cruise Speed175 KTAS
  • Useful Load1,800 lbs

Acquisition & Financing

  • Est. Acquisition Cost (Used)$80,000 - $140,000
  • Financing Profile / LiquidityLow

Operating Costs

  • EngineLycoming IO-540 (x2)
  • Engine TBO2000 hrs
  • Fuel Type100LL
  • Fuel Efficiency28 GPH
  • Direct Operating Cost$350 / hr

Financed Cost of Ownership

$2,158/mo

Estimated all-in monthly cost of ownership

  • Financing Payment$700/mo
  • Operating Cost (Est.)$1,458/mo

6.55% rate (Certified Piston), 15% down, 20-year term, 50 hrs/yr assumption.

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Avionics

Legacy

Ownership Analysis

The Aztec D, from the late 1960s, is a mid-generation Aztec powered by fuel-injected Lycoming IO-540 engines (250 hp each). Like the rest of the PA-23-250 family, it is valued for a sturdy, forgiving airframe, generous useful load, and the ability to operate from shorter and rougher fields than many piston twins.

At this age, corrosion, structural repair history, and engine times on both sides dominate the condition picture. Twin-engine ownership doubles engine and propeller reserves, and panel quality ranges from original to extensively modernized, so the specific aircraft’s upgrade history matters as much as its model year.

Lenders treat the Aztec D as vintage twin collateral, with modest loan sizes and underwriting focused on logbooks, airframe condition, and the borrower’s multi-engine experience. Loan terms fall under the Certified Piston tier.

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