Aircraft Snapshot
- Airframe ClassMulti-Engine Piston
- Passenger Capacity6
- Max Range800 NM
- Normal Cruise Speed180 KTAS
- Useful Load1,350 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$150,000 - $250,000
- Financing Profile / LiquidityMedium
Operating Costs
- EngineContinental TSIO-360 (x2)
- Engine TBO1800 hrs
- Fuel Type100LL
- Fuel Efficiency24 GPH
- Direct Operating Cost$320 / hr
Financed Cost of Ownership
$2,606/mo
Estimated all-in monthly cost of ownership
- Financing Payment$1,272/mo
- Operating Cost (Est.)$1,333/mo
6.55% rate (Certified Piston), 15% down, 20-year term, 50 hrs/yr assumption.
Avionics
Legacy / Upgraded
Ownership Analysis
The Seneca III, produced from 1981 into the early 1990s, upgraded the Seneca line to counter-rotating Continental TSIO-360 engines rated at 220 hp each, along with a revised panel and a one-piece windshield. It remains one of the most common six-seat piston twins in private and training use.
Doubled engine and propeller reserves plus turbocharger upkeep are the core cost drivers. Engine times since overhaul and the quality of any avionics modernization are the main variables between otherwise similar airframes.
A large fleet and steady demand from multi-engine training and family owners give lenders good resale comparables. Underwriting weighs engine time and pilot multi-engine experience; loan terms fall under the Certified Piston tier.
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