Aircraft Snapshot
- Airframe ClassSingle-Engine Turboprop
- Passenger Capacity6
- Max Range1,000 NM
- Normal Cruise Speed260 KTAS
- Useful Load1,700 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$900,000 - $1.4M
- 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
$9,898/mo
Estimated all-in monthly cost of ownership
- Financing Payment$7,398/mo
- Operating Cost (Est.)$2,500/mo
6.69% rate (Turboprop & Jet), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Meggitt / Garmin G500
Ownership Analysis
The Meridian (PA-46-500TP), introduced in 2000, is Piper’s original single-engine turboprop version of the PA-46 airframe, powered by the Pratt & Whitney PT6A-42A (500 shp) with a pressurized six-seat cabin. It was rebranded as the M500 in 2015.
Meridians span multiple avionics generations, from early analog panels to Avidyne and Garmin G1000 suites, which is a major value and upgrade-budget variable. PT6A hot-section and overhaul status and pressurization system condition drive the rest of the ownership cost picture.
The PT6A’s global support and a steady resale market for the Meridian/M500 line support lender confidence. Loan terms fall under the Turboprop & Jet tier, with engine program status weighing heavily in underwriting.
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