Aircraft Snapshot
- Airframe ClassSingle-Engine Piston
- Passenger Capacity6
- Max Range1,340 NM
- Normal Cruise Speed213 KTAS
- Useful Load1,300 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$500,000 - $800,000
- Financing Profile / LiquidityHigh
Operating Costs
- EngineLycoming TIO-540-AE2A
- Engine TBO2000 hrs
- Fuel Type100LL
- Fuel Efficiency20 GPH
- Direct Operating Cost$280 / hr
Financed Cost of Ownership
$5,302/mo
Estimated all-in monthly cost of ownership
- Financing Payment$4,136/mo
- Operating Cost (Est.)$1,167/mo
6.55% rate (Certified Piston), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Legacy / Garmin G1000
Ownership Analysis
The Malibu Mirage (PA-46-350P), produced from 1988 to 2015, is Piper’s pressurized six-seat piston single, powered by the turbocharged Lycoming TIO-540-AE2A (350 hp). It offers cabin-class comfort and flight in the flight levels in a single-engine piston package, and later examples carry Garmin G1000 avionics.
Pressurized piston ownership carries higher maintenance costs than unpressurized singles: pressurization system upkeep, turbocharger health, and the engine’s time since overhaul are the key variables. Avionics vary widely by year, from legacy panels to factory glass.
The Mirage’s long production run and continuity with the current M350 give lenders a solid comparables base. Underwriting weighs engine time, maintenance history, and pilot experience with high-performance pressurized aircraft. Loan terms fall under the Certified Piston tier.
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