Cirrus SR22 Cost of Ownership: IO-550 Budget, CAPS Reserve and Financing by Generation
This is the annual budget for a normally aspirated Cirrus SR22, the 310 hp composite single with the Cirrus Airframe Parachute System. It covers what a used SR22 costs to fly and keep, and how the loan changes from an older G3 to a new 2026 airplane.
How much does a Cirrus SR22 cost per year?
The worked example is a used G5-era SR22 bought for $500,000 with 15% down ($75,000) and $425,000 financed at 7.75% over 20 years. The price is an assumption within the range FLYING reported in February 2026. Verify any specific airplane with Vref or Aircraft Bluebook.
| Cost line | 50 h/yr | 100 h/yr | 200 h/yr |
|---|---|---|---|
| Hangar (assumption: $650/mo) | $7,800 | $7,800 | $7,800 |
| Insurance, experienced pilot with transition training (within BWI 2026 range) | $5,000 | $5,000 | $5,000 |
| Annual inspection (assumption) | $4,000 | $4,000 | $4,000 |
| CAPS reserve ($22,000 every 10 years, assumption) | $2,200 | $2,200 | $2,200 |
| Garmin databases and subscriptions (assumption) | $1,800 | $1,800 | $1,800 |
| Supplies, cleaning, misc. (assumption) | $700 | $700 | $700 |
| Fuel: 15.5 gph × $7.24/gal 100LL ($112.22/h) | $5,611 | $11,222 | $22,444 |
| Oil and filters (assumption) ($4.00/h) | $200 | $400 | $800 |
| IO-550-N overhaul reserve ($60,000 ÷ 2,000 h) ($30.00/h) | $1,500 | $3,000 | $6,000 |
| Cylinders, avionics and unscheduled maintenance (assumption) ($28.00/h) | $1,400 | $2,800 | $5,600 |
| Operating cost before financing | $30,211 | $38,922 | $56,344 |
| Per flight hour, before financing | $604 | $389 | $282 |
| Loan payments ($3,489/mo × 12) | $41,868 | $41,868 | $41,868 |
| Total with loan | $72,079 | $80,790 | $98,212 |
| Per flight hour, with loan | $1,442 | $808 | $491 |
Fixed costs are $21,500 a year and hourly costs about $174 per hour. The table is a cash budget. It leaves out the change in the airplane's value, which can be large on an SR22: at an illustrative 4% a year (not a forecast), a $500,000 airplane would lose about $20,000 of value in a year.
How does the SR22 generation change the loan?
According to FLYING's February 2026 SR22 buyer's guide, the G7+ with Safe Return emergency autoland "has restructured the depreciation curve," pushing down prices of older, non-autoland airplanes. The table uses FLYING's cited price points and Cirrus's 2026 SR22 price list, all at 15% down, 7.75% and 20 years.
| Airplane | Price | Down payment | Loan | Monthly payment |
|---|---|---|---|---|
| Older G3, naturally aspirated (about) | $265,000 | $39,750 | $225,250 | $1,849 |
| G6 (up to about) | $800,000 | $120,000 | $680,000 | $5,582 |
| New 2026 SR22, base list price | $937,900 | $140,685 | $797,215 | $6,545 |
| New 2026 SR22 GTS, list price | $1,172,900 | $175,935 | $996,965 | $8,185 |
FLYING also cited $950,000 to $1.1 million for non-autoland G7s. Most operating costs don't change much across generations, so the loan and the value trend are the lines that separate an older SR22 budget from a new one. If you're choosing between them, compare total cost over your expected ownership period, including what you expect to sell for.
What are the SR22's big maintenance items?
- The IO-550-N. Commonly planned on a 2,000-hour TBO; confirm it in Continental's SIL98-9. At $60,000, an SR22 with 1,400 hours since overhaul has used about $42,000 of engine life. Cylinder work before TBO is common on large Continentals, which is why our unscheduled line is $28 per hour. See SMOH and TBO explained.
- CAPS. A parachute repack and rocket service on a roughly 10-year cycle, with quotes that vary by generation and can run well into five figures. We reserve $22,000 over ten years. Confirm the next due date with a Cirrus service center.
- Avionics. Earlier SR22s use Avidyne Entegra or analog panels; Cirrus Perspective by Garmin arrived around 2008 during the G3 era, and Perspective+ with the G6. Budget database subscriptions and a repair reserve; see avionics upgrade financing.
How much is SR22 insurance in 2026?
Our $5,000 figure sits inside BWI's published 2026 range for private-use SR22s flown by experienced pilots with transition training and a clean record: $3,500–$7,500 a year. The trend helps owners: across 59 Cirrus renewals BWI tracked in Q1 2026, the weighted-average premium change was −34.5% and the median −25%. Pilots without Cirrus transition training or with low total time will pay more and may face training requirements. See insurance on financed aircraft.
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What will an SR22 loan cost?
As of September 2026, piston aircraft loan rates quoted by major aviation lenders generally start around 7% for well-qualified borrowers and run to roughly 10%. AOPA Aviation Finance quotes 6.99–9.99%, with 15% minimum down on post-1960 singles and 20-year terms on loans of $75,000 or more. FLYING Finance lists certified piston rates from 7.01%.
| Term | 7.00% APR | 7.75% APR | 8.50% APR | 9.50% APR |
|---|---|---|---|---|
| 10 years (120 mo) | $4,935/mo $167,153 interest | $5,100/mo $187,054 interest | $5,269/mo $207,327 interest | $5,499/mo $234,928 interest |
| 15 years (180 mo) | $3,820/mo $262,604 interest | $4,000/mo $295,076 interest | $4,185/mo $328,326 interest | $4,438/mo $373,832 interest |
| 20 years (240 mo) | $3,295/mo $365,805 interest | $3,489/mo $412,368 interest | $3,688/mo $460,180 interest | $3,962/mo $525,774 interest |
Loan amount $425,000. Principal and interest only; excludes insurance, taxes and fees. Illustrative, not a quote.
If the airplane will be used for business more than 50% of the time, 100% bonus depreciation is permanent for aircraft acquired after January 19, 2025, and the Section 179 limit for tax years beginning in 2026 is $2.56 million. Both can change the after-tax cost substantially. Confirm with a CPA for your situation; see aircraft depreciation and taxes. Most lenders want credit of about 680 or better, with the best pricing around 720–730+.
How this page differs from related guides
This page is the annual budget for a normally aspirated SR22. The Cirrus SR22 model page has specs, price ranges and generated payment examples. The Cirrus SR22 buyer's guide covers the buying decision and what to inspect. For the turbocharged version, see the SR22T cost page; coming from an SR20, see the SR20 budget for the difference.
Frequently asked questions
How much does it cost to own a Cirrus SR22 per year?
Under this page's assumptions, a used SR22 flown 100 hours a year costs about $38,922 to operate, or $389 per hour, before financing. A $425,000 loan at 7.75% over 20 years adds $3,489 a month, for about $80,790 a year. The loan is the largest single line on most financed SR22s.
How much is Cirrus SR22 insurance in 2026?
BWI’s 2026 guidance puts private-use SR22 premiums for experienced pilots with Cirrus transition training and a clean record at $3,500 to $7,500 a year. Rates have been falling: across 59 Cirrus renewals BWI tracked in the first quarter of 2026, the median premium change was −25% and the weighted average −34.5%. Low-time pilots pay more.
How has the G7+ autoland changed used SR22 prices?
FLYING’s February 2026 buyer’s guide says the G7+ with Safe Return emergency autoland has restructured the SR22 depreciation curve, pushing down prices of older, non-autoland airplanes. It cited roughly $265,000 for older naturally aspirated G3s, up to about $800,000 for G6s, and $950,000 to $1.1 million for non-autoland G7s.
How much does a new Cirrus SR22 cost in 2026?
Cirrus’s 2026 North America price list puts the SR22 at approximately $937,900 and the SR22 GTS at $1,172,900, before options. With 15% down and a 20-year loan at 7.75%, the base airplane’s payment is about $6,545 a month. Business use can change the after-tax cost; confirm with a CPA.
What does the SR22’s parachute (CAPS) cost to maintain?
CAPS needs a parachute repack and rocket service on a roughly 10-year cycle; confirm the interval for your serial number with a Cirrus service center. Quotes vary by generation and shop and can run well into five figures. This page reserves $22,000 over ten years as a planning assumption. Check the next due date before you make an offer.
Can I get a 20-year loan on a Cirrus SR22?
Usually. AOPA Aviation Finance lists terms up to 20 years for single-engine loans of $75,000 or more, with a 15% minimum down payment on post-1960 aircraft. As of September 2026, quoted piston rates generally run from about 7% to 10%. Larger, well-collateralized loans on newer SR22s tend to price toward the lower end.