Piper Meridian Price Guide

What Impacts a Piper Meridian’s Price?

Various factors can impact the agreed sale price of a Piper Meridian. Buyers in the market for a Piper Meridian may well have noticed that the value and condition of two airplanes can differ –even between two aircraft manufactured in the same year. That’s partly because a Piper Meridian’s value depends on its maintenance record and log books.

The price a turboprop plane sells for is ultimately to be negotiated between a buyer and seller, taking into account several factors, including the model year; how the aircraft has been modified, and upgraded since new; and also its maintenance condition.

When considering the maintenance condition of a turboprop, it is important to look much more deeply than surface wear and tear to the interior and exterior. There are many hidden surfaces, parts, and components of an aircraft that need to be checked for damage and corrosion.

You should also establish when a Piper Meridian’s next scheduled overhaul or major inspection will be due. Overhauls and inspections are usually expensive, and need to be planned and budgeted for. Buyers should determine whether the engine of the aircraft they plan to buy is enrolled on an hourly engine maintenance program which will transfer to them with the sale of the aircraft.

Why Does the Piper Meridian Fleet for Sale Number Matter?

The number of Piper Meridians for sale provides a valuable insight into the pre-owned market. Times when less than 10% of the fleet is for sale, are traditionally defined as a “sellers’ market” whereas when more than 10% of the fleet is for sale is known as a “buyers’ market”. In each case, the seller and the buyer (respectively), will have stronger bargaining power over the price of the aircraft.

What Else Should a Piper Meridian Buyer Consider?

The costs of owning a Piper Meridian stretch far beyond the initial purchase price. To anticipate the full cost of ownership, a buyer will need a carefully planned budget, identifying and accounting for the variable and fixed hourly operating costs that come with turboprop ownership.

Find out more in the Piper Meridian Buyer's Guide

How Does the Piper Meridian Compare With Other Aircraft?

Check out our Piper Meridian Turboprop Comparison articles by industry expert, Mike Chase, here: 

• Comparative Analysis: Piper Meridian

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