Aircraft Snapshot
- Airframe ClassSingle-Engine Turboprop
- Passenger Capacity6
- Max Range1,000 NM
- Normal Cruise Speed260 KTAS
- Useful Load1,698 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$1.6M - $2.2M
- Financing Profile / LiquidityHigh
Operating Costs
- EngineP&W PT6A-42A
- Engine TBO3600 hrs
- Fuel TypeJet-A
- Fuel Efficiency38 GPH
- Direct Operating Cost$600 / hr
Financed Cost of Ownership
$14,722/mo
Estimated all-in monthly cost of ownership
- Financing Payment$12,222/mo
- Operating Cost (Est.)$2,500/mo
6.69% rate (Turboprop & Jet), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Garmin G1000 NXi
Ownership Analysis
This listing covers the M500 and its Meridian predecessor, Piper’s pressurized six-seat single-engine turboprop powered by the Pratt & Whitney PT6A-42A (500 shp). The Meridian was introduced in 2000 and rebranded as the M500 in 2015 with Garmin G1000 NXi avionics.
Earlier Meridians carry older avionics suites, so model year drives both value and the likelihood of a panel upgrade. PT6A hot-section inspection and overhaul timing, along with pressurization system condition, are the core ownership cost drivers.
The PT6A’s broad support network keeps lender confidence high, and the M500/Meridian fleet has a steady resale market as a step-up from pressurized pistons. Loan terms fall under the Turboprop & Jet tier.
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