Aircraft Snapshot
- Airframe ClassHigh-Performance Piston
- Passenger Capacity6
- Max Range850 NM
- Normal Cruise Speed160 KTAS
- Useful Load1,200 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$200,000 - $400,000
- Financing Profile / LiquidityHigh
Operating Costs
- EngineLycoming IO-540
- Engine TBO2000 hrs
- Fuel Type100LL
- Fuel Efficiency16 GPH
- Direct Operating Cost$180 / hr
Financed Cost of Ownership
$2,659/mo
Estimated all-in monthly cost of ownership
- Financing Payment$1,909/mo
- Operating Cost (Est.)$750/mo
6.55% rate (Certified Piston), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Legacy / Upgraded Glass
Ownership Analysis
The Saratoga SP (PA-32R-301), introduced in 1980, is Piper’s six-seat retractable-gear single powered by the Lycoming IO-540 (300 hp), prized for its large cabin, useful load, and roomy aft doors. It is often chosen by families who need six real seats and plenty of baggage space without stepping up to a twin.
Retractable gear maintenance and the IO-540’s overhaul status are the main mechanical cost drivers. Airframe age means corrosion and prior damage history deserve close inspection. Panel generations vary widely, from original analog to fully modernized glass.
The Saratoga’s family-hauler appeal keeps resale demand steady. Underwriting focuses on engine time and logbooks, and loan terms fall under the Certified Piston tier.
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