Piper PA-28R-200 Arrow II financing, specs & price
Retractable gear, complex endorsement. Built 1969-1979; Lycoming IO-360 (200 hp); 4 seats; 145-knot cruise.
What a PA-28R-200 Arrow II costs to finance
Payment examples at three price points, using typical lender guidelines for single-engine aircraft and a 7.75% illustrative APR. Your rate depends on credit, loan size, term and the specific airplane.
| Example | Price | Down | Loan | Term | Payment @ 7.75% | Range @ 6.99–9.99% |
|---|---|---|---|---|---|---|
| Older / higher-time | $40,000 | 15% ($6,000) | $34,000 | 15 yrs | $320/mo | $305–$365 |
| Mid-market (most common) | $70,000 | 15% ($10,500) | $59,500 | 15 yrs | $560/mo | $534–$639 |
| Late / low-time | $110,000 | 15% ($16,500) | $93,500 | 20 yrs | $768/mo | $724–$902 |
Principal and interest only; excludes insurance, taxes and fees. Prices are typical asking ranges from our aircraft database — verify any specific airplane with Vref or Aircraft Bluebook and a pre-buy inspection. Not a quote or commitment to lend.
Get real numbers for your PA-28R-200 Arrow II
Share the tail number or listing and your timeline — a specialist will price it across multiple lenders.
PA-28R-200 Arrow II specifications & operating economics
Performance & capacity
- Engine
- Lycoming IO-360 (200 hp)
- Production
- 1969-1979
- Seats
- 4
- Cruise
- 145 kts
- Range
- 780 NM
- Fuel capacity
- 50 gal
Fuel economics (September 2026)
- Fuel burn
- 10 gph
- Fuel cost per hour
- $72
- Fuel cost per nautical mile
- $0.50
- Endurance (no reserve)
- 5.0 hrs
- Fuel for 100 hrs/yr
- $7,240
100LL at $7.24/gal (AirNav national average, September 2026).
What lenders and underwriters look at on a PA-28R-200 Arrow II
- Retractable gear increases insurance cost
- Gear motor/actuator failures are common
- T-tail variant (Arrow IV) has different handling
- Complex endorsement required
Pre-buy inspection focus areas
- Gear motor condition
- Gear saddles and actuators
- Wing spar bolts
- Stabilator hinge bearings
- Prop governor
Pre-buy inspections are typically paid out of pocket, not financed. See the pre-buy checklist.
Buying and owning a PA-28R-200 Arrow II
- Buyer & Upgrade GuidesPiper Archer to Arrow Upgrade: The Complex Endorsement, Insurance and Financing the Step
- Buyer & Upgrade GuidesPiper Arrow Buyer's Guide: Choosing Your First Retractable, From Arrow II to Turbo Arrow IV
- Buyer & Upgrade GuidesPiper Arrow to M350: High-Performance and Pressurization Training, Insurance, the Cost Delta and Financing
- Buyer & Upgrade GuidesPiper Arrow to Saratoga Upgrade: High-Performance Endorsement, Six-Seat Costs and Financing
- Cost of OwnershipPiper Arrow Cost of Ownership: What Retractable Gear Adds to a PA-28 Budget
Piper PA-28R-200 Arrow II financing FAQs
How much does a Piper PA-28R-200 Arrow II cost?
Typical asking prices for a Piper PA-28R-200 Arrow II run from about $40,000 for older or higher-time examples to $110,000 for late, low-time ones, with most trading near $70,000. Engine time, avionics, damage history and paint/interior drive the spread — confirm with a Vref or Aircraft Bluebook valuation and a pre-buy inspection.
What is the monthly payment on a Piper PA-28R-200 Arrow II?
At a $70,000 purchase price with 15% down ($10,500), a $59,500 loan over 15 years is about $560 per month at 7.75% APR, or roughly $534–$639 across the 6.99%–9.99% range lenders published as of September 2026. Principal and interest only.
How much down payment do I need for a Piper PA-28R-200 Arrow II?
Plan on at least 15% down for a single-engine aircraft built after 1960. Twenty-year terms are generally available on loans of $75,000 or more.
What does a Piper PA-28R-200 Arrow II cost to fly per hour in fuel?
At about 10 gallons per hour and the September 2026 national average of $7.24 per gallon for 100LL, fuel alone is roughly $72 per hour, or about $0.50 per nautical mile at a 145-knot cruise. Add reserves, insurance, storage and the annual for the full picture.
Can I finance an older Piper PA-28R-200 Arrow II?
Usually, yes. Lenders finance piston singles without a fixed age limit, though pre-1960 aircraft may need a larger down payment and shorter term, and airframes over 10,000 hours are often excluded. Complete logbooks, AD compliance and a clean pre-buy matter more than the year on an older PA-28R-200 Arrow II.
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