Before you start looking for a plane, it’s important to be clear about what you’re going to use it for. You might want a used Cirrus SR22, but if your most common trips are going to be 400 miles or less, then you’d probably do just as well with a used, lower-cost and lower-upkeep model like an older Mooney M20 that will get you to your 250-mile destination a little later and with less room, but for pennies on the dollar. With that being said, let us look at the cheapest airplanes on the used market today.
Before you decide to buy any of the planes listed here, first, remember that buying an airplane is only part of the cost of owning a plane. How much fuel it burns and how expensive it will be to maintain are equally important factors to consider. Also, consider how readily available the parts are. Finally, consider the condition of the plane you are buying. If you were to get a plane with unknown or unrevealed problems, you could spend some money on getting it into perfect condition. The engine and prop are a critical part of that calculation. The flip side is that if you’re willing to fly a plane with older paint and a less-than-chic interior, you could save a huge percentage of the purchase price because of factors not directly related to the flyability or mechanical soundness of the plane.

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