Bombardier Challenger 604 Price Guide

What Impacts a Bombardier Challenger 604’s Price?

The price of a Bombardier Challenger 604 can be impacted by several things. Experienced buyers know the value and condition of one aircraft can differ significantly – even between two Challenger 604s with the same production year. An aircraft’s value is directly impacted by its maintenance condition and operational history.

When inspecting an aircraft for its maintenance condition, Challenger 604 buyers should look beyond than the obvious surface wear and tear; an aircraft’s interior should be examined thoroughly, as should its less accessible surfaces, parts and components for signs of corrosion, and possible airworthiness issues.

Prospective Challenger 604 buyers should also ascertain when the aircraft’s next overhaul or major inspection is due. In relation to this, check whether the engines are enrolled on an hourly engine maintenance program; what will and will not be covered under the terms of that program; and whether the balance accrued by the current owner transfers with the aircraft upon completion of the sale of the jet.

Where engines are not covered by a maintenance program, further price consideration could be needed, factoring the expected cost of the upcoming inspection or overhaul.

Essentially, the sale price of a pre-owned Bombardier Challenger 604 is negotiated between the buyer and seller, and accounting for these, and other factors (including interior configuration, modifications and upgrades since new, and the total time on the airframe and engines).

Why Does the Bombardier Challenger 604’s Fleet for Sale Number Matter?

It’s worth knowing the number of Bombardier Challenger 604s available for sale at any one time, since supply and demand impacts the pre-owned business jet market.

For example, when fewer Bombardier Challenger 604s (less than 10% of the in-operation fleet) are for sale, the market is likely to favor sellers, who will have a better command of the sale price. When a larger percentage of the fleet is listed for sale (more than 10% of the Challenger 604 fleet), more of the bargaining chips are with the buyer, and the market is considered a ‘Buyer’s Market’.

What Else Should a Bombardier Challenger 604 Buyer Consider?

The cost to own a Bombardier Challenger 604 continues after the original purchase. Buyers should build a complete budget, factoring both the variable hourly operating costs and the fixed hourly operating costs that are associated with owning a jet. And throughout the period of ownership, the jet will depreciate in value.

Key operating costs include, but are not limited to fuel, hangarage, pilot salary, insurance, tax, maintenance, and more.

How Does the Bombardier Challenger 604 Compare With Other Aircraft?

Check out how the Bombardier Challenger 604 compares with its competition in our Jet Comparison articles by industry expert, Mike Chase, here:

• The Dassault Falcon 2000 series vs The Bombardier Challenger 604/605 Jets