Do you know how to fly a plane? If your answer is not, then do you have your own pilot who flies a plane? If the answer is yes and you are planning to buy a small plane, then you are in the right place. In this article, we are going to tell you how much does plane a cost. We all know that the prices of small or large planes are much higher than the previous time.
You have a plane in your garage after reading the entire article and knowing about how much does a plane cost, rather than the other vehicle. So, read the entire article to know about the cost and other details.
How much does a plane cost?
First thing is that the price of the small plane is not fixed. It is because it depends on the type, model, and condition. However, there are average prices of the small plane and you can use these prices as guidelines for buying the small plane.
Types of small planes:
If we talk about the types of the small plane, then the first is ultralight aircraft. You don’t need any type of license to fly ultralight aircraft. The price of this small plane will be less than $15,000.
The next type of plane is single-engine aircraft. This plane is considered one of the smallest planes worldwide. If we talk about the cost of this plane, then it is higher than the ultralight aircraft. However, the price of this small plane starts from $15,000. If you select the new model of this plane then it might be possible that you have to pay more than $15,000 and up to the 100,000.
The last type of small plane is multi-engine aircraft. This plane is considered the most powerful engine plane. But the price of this plane starts from $75,000. It is because the small planes don’t contain multiple engines that have a cost of $300,000 or more.
What is the cost for the maintenance of the small plane?
The buying cost of the small plane is not only the thing that you consider. It is because you must have to think about the maintenance price of the small plane. However, this cost includes the gas, insurance, parts replacement, labor for technical issues, and also parking cost.
Other than this, the airplane hangar cost is also included which is hundred dollars per month. If we talk about the annual technical inspection cost then it will be $500, in this, the professionals will check your small plane. Painting your small plane is another thing that too many people perform and if you do this then it will be an additional expense for you.
If we talk about the price of the paint, then remember that it is not fixed because it depends on the type and the size of the plane. However, the paint cost for the large planes is up to $200,000. The insurance cost of your plane will be $1,000 per year for the small plane.
The last thing you have to remember is the cost of the gas. If you don’t want to use gas then the next option for you is gasoline but it is more expensive than gas. However, you have to pay $5 for one gallon. If we calculate for a year then it will be $5,000 per year or more, but it depends on your usage.
Now I hope you get the answer to your question: how much does a plan cost? So, if you are satisfied with our article then don’t forget to share it with the other people.