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1978 Piper Lance

1978 Piper Lance

Maidenhead Listed 2 months ago

Specifications

Year
1978
Total time (TTAF)
1,118 hrs

How this stacks up

  • Listed 2 months ago

    On the market for a month or more — worth asking about negotiating room

  • 3/5 key specs

    Most key specs are provided; verify any missing details with the seller

This summary draws on signals shown in detail below — price comps, listing age, maintenance and engine status, and key specs. Read each section for full context. Not an appraisal.

Airframe time

Average over the aircraft's life — 1,118 hrs total time across ~48 years. A rule of thumb, not a guarantee.

≈23 hrs/yrLow time

Low-time for its age

This airframe has averaged about 23 hrs/year over ~48 years — light use for a personal aircraft. Fewer hours can mean lighter wear, but aircraft that sit also risk dried seals, corrosion, and stale fuel-system components. Ask how regularly it's flown and what the recent annual inspections found.

Cost to own

Rule-of-thumb estimates — insurance ≈ 1% of price, hangar $7,500/yr, annual inspection $2,500/yr, fuel + oil at your selected hrs/yr. Your actual costs will vary.

As a sole owner

$2,057/mo$24,679/yr

≈ $247 per flight hour at 100 hrs/yr — flying fewer hours raises this (fixed costs spread over fewer hours)

$267,933 to buy (the asking price)

At 100 hrs/yr, renting at $150/hr would be $9,679 cheaper annually — fly more to see ownership savings.

OwnershipBuy-inMonthlyAnnual
Full ownership (sole)$267,933$2,057/mo$24,679/yr
1/2 share$133,967$1,528/mo$18,340/yr
1/3 share$89,311$1,352/mo$16,226/yr
1/4 share$66,983$1,264/mo$15,170/yr

Buy-in is the asking price split evenly across partners — what you'd each pay to acquire the aircraft (the real figure is negotiated). Fixed costs (insurance, hangar, inspection) split equally by number of partners; fuel/oil is per-pilot since each partner flies their own hours.

Run your own numbers Find a co-owner on ClubHanger

Price

$267,933

Co-ownership available

5 co-ownership shares listed for Piper aircraft on ClubHanger.

From $8,000 buy-in — split the fixed costs with a partner instead of owning outright.

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Pilots looking to co-own

1 pilot is looking to co-own a Piper on ClubHanger.

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Listing trust

1/4
  • Complete detailsYear, registration, make/model, and a full description.
  • Maintenance disclosedAirframe (TTAF) and engine (SMOH) times are listed.
  • Transparent priceA real asking price, not "contact for price".
  • Posted by a memberListed by a signed-up ClubHanger member, not a scraped aggregator.
What do these mean? →

View the original listing

This aircraft is listed on Hangar67. Contact and full details are on the source site.

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