Aircraft Snapshot
- Airframe ClassMulti-Engine Piston
- Passenger Capacity6
- Max Range800 NM
- Normal Cruise Speed185 KTAS
- Useful Load1,350 lbs
Acquisition & Financing
- Est. Acquisition Cost (Used)$200,000 - $350,000
- Financing Profile / LiquidityMedium-High
Operating Costs
- EngineContinental TSIO-360 (x2)
- Engine TBO1800 hrs
- Fuel Type100LL
- Fuel Efficiency24 GPH
- Direct Operating Cost$320 / hr
Financed Cost of Ownership
$3,083/mo
Estimated all-in monthly cost of ownership
- Financing Payment$1,750/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 IV, introduced in 1994, is a refined version of Piper’s turbocharged six-seat piston twin, powered by counter-rotating Continental TSIO-360 engines (220 hp each) and featuring aerodynamic and cabin updates over the Seneca III. Its six seats, club seating option, and counter-rotating props make it popular with both multi-engine training programs and families.
Twin-engine ownership doubles engine and propeller reserves, and turbocharger maintenance adds to the cost picture. Engine times are the main value driver. The panel generation varies across the IV fleet, and many examples have been upgraded to modern glass or GPS navigators.
The Seneca’s popularity as a multi-engine trainer and family twin supports a steady resale market. Underwriting weighs engine time and pilot multi-engine experience, with loan terms in the Certified Piston tier.
Curious what financing a Piper Seneca IV (PA-34-220T) could look like for you?
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