How much does it cost to buy a private plane?

Answer 1

If you arent very particular, and don't need much of a plane, you can buy an old used but still flyable Cessna 152 for as low as $10k. Although if you want something safe, youll probably spend more like 15k to 20k.

If you want to be able to actually go places & take people with you, youll need something along the lines of a cessna 172. Which goes used for between 30k and 50k.

A newish 172 or 182 with modern glass cockpit & all goes for over 80 to 100k

One of the more popular 4-seaters right now is the Cirrus SR-22, its all carbon composite & modern, i understand it goes for about $250k

And if you want a new Beechcraft Bonanza, Cadillac of the sky, youll speend around 700k

And that's just the singles.

At the other end of the spectrum, Larger jets, such as the gulfstream, can go for 40 million... And you could spend over 100 million for a decked-out BBJ (Boeing business jet)

And don't forget maintenence, for every $100 you spend flying it, count on spending another $50 fixing it/licensing it/insuring it.

The old adage is true... If it rolls, floats, or flies, its cheaper to rent than it is to buy.