The Cirrus Vision Jet is the king of affordable private jets, according to experts at Stratos Jets. This article will take a closer look at how much it costs to buy and fly this jet compared to others.
The good news is this jet is the most affordable in its class, with a starting price of around $3 million. That’s still a lot of money, but for the private jet world, it’s a bargain. There are other options in this price range, like the Citation M2.
If you’re looking for an even better deal, the used market is your friend. You can find pre-owned Cirrus Vision Jets, also known as SF50s, for around $1.8 million. Places like Controller.com list these jets for around this price, with the most expensive being a slightly newer model for $4 million. Just like with cars, the price can go up depending on the extra features you want on the jet.
Here’s where things get even better. This jet is affordable to buy and fly! Annual costs come in at around $712,826, which breaks down to $1,584 per hour you fly it. This assumes you fly it 450 hours a year and pay $6 per gallon for fuel.
But wait, there’s a way to offset these costs! Here’s a money-saving tip for Cirrus Vision Jet owners: rent out your jet! When you’re not using it, you can allow others to charter it and generate income. This income can help cover most of the hourly operating costs.
Here are two main ways charter operators share the profits with jet owners. In some cases, the split is based on a trip, with the owner typically getting around 85% of the revenue (minus trip expenses). Other operators offer a set hourly rate to the owner for using the jet.
In both cases, negotiation is possible. But be careful not to squeeze the operator too much. If they feel they’re not making enough money, they might be less likely to rent out your jet compared to other similar options in their fleet.