Piston Aircraft Loans

Piper PA-32R Saratoga SP financing, specs & price

Refined Lance, semi-tapered wing. Built 1980-2009; Lycoming IO-540/TIO-540 (300 hp); 6 seats; 165-knot cruise.

Piston single Typical price $90,000–$280,000 ~$112/hr fuel

What a PA-32R Saratoga SP 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 $90,000 15% ($13,500) $76,500 20 yrs $628/mo $593–$738
Mid-market (most common) $160,000 15% ($24,000) $136,000 20 yrs $1,116/mo $1,054–$1,312
Late / low-time $280,000 15% ($42,000) $238,000 20 yrs $1,954/mo $1,844–$2,295

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.

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PA-32R Saratoga SP specifications & operating economics

Performance & capacity

Engine
Lycoming IO-540/TIO-540 (300 hp)
Production
1980-2009
Seats
6
Cruise
165 kts
Range
1030 NM
Fuel capacity
107 gal

Fuel economics (September 2026)

Fuel burn
15.5 gph
Fuel cost per hour
$112
Fuel cost per nautical mile
$0.68
Endurance (no reserve)
6.9 hrs
Fuel for 100 hrs/yr
$11,222

100LL at $7.24/gal (AirNav national average, September 2026).

What lenders and underwriters look at on a PA-32R Saratoga SP

  • Saratoga SP/II/TC well-regarded
  • Turbo models add complexity
  • Gear system same concerns as Lance
  • Later models have glass avionics

Pre-buy inspection focus areas

  • Gear actuators
  • Wing spar bolts
  • Fuel bladder condition
  • Turbocharger (TC models)
  • Prop governor

Pre-buy inspections are typically paid out of pocket, not financed. See the pre-buy checklist.

Buying and owning a PA-32R Saratoga SP

Piper PA-32R Saratoga SP financing FAQs

How much does a Piper PA-32R Saratoga SP cost?

Typical asking prices for a Piper PA-32R Saratoga SP run from about $90,000 for older or higher-time examples to $280,000 for late, low-time ones, with most trading near $160,000. 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-32R Saratoga SP?

At a $160,000 purchase price with 15% down ($24,000), a $136,000 loan over 20 years is about $1,116 per month at 7.75% APR, or roughly $1,054–$1,312 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-32R Saratoga SP?

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-32R Saratoga SP cost to fly per hour in fuel?

At about 15.5 gallons per hour and the September 2026 national average of $7.24 per gallon for 100LL, fuel alone is roughly $112 per hour, or about $0.68 per nautical mile at a 165-knot cruise. Add reserves, insurance, storage and the annual for the full picture.

Can I finance an older Piper PA-32R Saratoga SP?

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-32R Saratoga SP.

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Financing a PA-32R Saratoga SP? Get real options.

Tell us about the airplane and your timeline. A financing specialist at Jaken Aviation shops your request across banks, credit unions and aviation lenders and comes back with real options.

  • Pre-qualification in 1–3 business days; closing typically 2–4 weeks
  • Purchase, refinance, cash-out, overhaul and avionics financing
  • Single- and twin-engine pistons, experimentals, and turbine step-ups
  • No cost to request options, and no credit check to submit this form

  1. 1. Apply & consult

    Tell us the aircraft, the price and your timeline. A specialist reviews your goals with you.

  2. 2. Get matched

    Your request goes out to a national network of banks, credit unions and specialty aviation lenders.

  3. 3. Underwriting

    Your file is packaged and submitted to the best-fit lender, typically 1–2 weeks once there is a purchase agreement.

  4. 4. Approval & closing

    We coordinate lender, escrow and seller through closing — usually 2–4 weeks from application.

Talk to a specialist now: (833) 264-7776

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