Cessna Grand Caravan EX Price Guide

What Impacts a Cessna Grand Caravan EX’s Price?

There are several things that could impact the eventual sale price of a Cessna Grand Caravan EX. If you’re shopping for one to buy, you have probably noticed that the value and condition of two Grand Caravan EXs can differ from one another – and that could even be the case between two aircraft manufactured in the same year. That’s partly because an aircraft’s value depends on its maintenance record and log books.

The price an aircraft sells for is ultimately negotiated between the buyer and seller, and takes into account several items, including the model year; how the aircraft has been retrofitted, modified, and upgraded since new; and also its maintenance condition.

Regarding a turboprop’s maintenance condition, it is important to look much more deeply than surface wear and tear, and corrosion to the interior and exterior.

You should also establish when a Grand Caravan EX’s next scheduled overhaul or major inspection will be due. Overhauls and inspections tend to be expensive, and they need to be planned and budgeted for. In relation to this, buyers should establish whether the turboprop’s engine is enrolled on an hourly engine maintenance program that transfers to them with the aircraft upon completion of the sale.

Why Does the Cessna Grand Caravan EX Fleet for Sale Number Matter?

The number of Cessna Grand Caravan EX turboprops for sale provides a valuable insight on the pre-owned market. Times where less than 10% of the fleet is for sale at any one time are traditionally defined as “sellers’ markets” in which sellers tend to hold a stronger bargaining position in relation to the aircraft’s value.

In contrast, when more than 10% of the Grand Caravan EX fleet is available for sale, buyers dictate sale prices more.

Overall, newer aircraft that are younger than five years old are usually the ones traditionally commanding higher buyer interest in the pre-owned marketplace.

What Else Should a Cessna Grand Caravan EX Buyer Consider?

The costs of owning a Cessna Grand Caravan EX stretch far beyond the initial purchase price, and requires the buyer to have a carefully planned budget. When formulating this, buyers should remember to account for both the variable hourly operating costs and fixed hourly operating costs that come with turboprop ownership.

Find out more in the Cessna Grand Caravan EX Buyer's Guide

How Does the Cessna Grand Caravan EX Compare With Other Aircraft?

Check out our Cessna Grand Caravan EX Turboprop Comparison articles by industry expert, Mike Chase, here: 

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