The workhorse of the single-engine turboprop world — 867 shp, a cargo door built for freight, and a fleet flying everything from feeder routes to skydive lifts to owner-flown utility. It finances at the turbine rate, whether the mission is personal or commercial.
The Cessna Grand Caravan EX is the utility standard of the single-engine turboprop world — an 867-shp Pratt & Whitney PT6A-140 turning a big, simple airframe with a useful load north of 3,500 lb, a max cruise around 185 KTAS, and a certified ceiling of 25,000 feet. It's less about outright speed than about carrying capacity, short-field capability, and the deepest, most proven fleet history in the segment.
Unlike the owner-flown high-performance singles in this category, the Caravan EX's real-world buyer mix is heavily commercial: Part 135 cargo and feeder operators, skydive operations, freight, and utility missions sit alongside personal and business owner-flown files. FLYING Finance underwrites both — the file just looks different depending on which one you are.
It finances at the full turbine rate regardless of mission, and the type's decades-long production run and enormous operating fleet make it some of the best-understood collateral in the turboprop world.
Current-production EX and the broad pre-owned Caravan/208B fleet. All finance at the turbine rate.
The Caravan's pitch is payload and proven reliability, not speed. Here's the data that frames the buy.
| Aircraft | Market price | Down (15%) | Loan | Est. monthly |
|---|---|---|---|---|
| Grand Caravan EX (new) | $2,900,000 | $435,000 | $2,465,000 | $18,145 |
| Pre-owned Caravan | $2,000,000 | $300,000 | $1,700,000 | $12,514 |
| Metric | Grand Caravan EX | Segment note |
|---|---|---|
| Useful load | 3,500+ lb | class-leading payload in the segment |
| Engine | PT6A-140 · 867 shp | proven Pratt, deep program history |
| Cruise | ~185 KTAS | payload over speed — well below E1000/TBM |
| Acquisition | ~$2.7M–$3.2M new | below Epic, TBM, and M700 Fury |
| Typical use | Commercial + owner-flown | cargo, feeder, skydive, freight, personal utility |
If the Caravan is going into cargo, feeder, skydive, or freight service rather than personal flying, the financing conversation is different — lenders will want operating history and business financials alongside the aircraft file. Start there before you shop: Business Aircraft Financing.
Personal/owner-flown files close in about two business days from pre-approval; commercial/Part 135 files typically take longer given business documentation.
Personal, business, or commercial — give us the tail number and the mission, and we'll structure the deal around the actual aircraft and the actual use. Soft pull, pre-approval in about two business days for owner-flown files.
