We've put together an insightful guide spotlighting today’s most budget-friendly private jets, highlighting not only the most cost-effective rental options but also the best deals if you're looking to purchase.
This guide dives into the world’s most economical private jets, comparing hourly rental rates and purchase prices to give you a clear picture of the best deals out there. Below, we detail three of the cheapest private jets in each category.
Feel free to explore the links for each aircraft to delve deeper into their specs and backstories.
Our goal? To make your entry into the luxurious realm of private jet travel as accessible and affordable as possible. Take a look at the most attractive private jet rental and purchase prices available right now:
Turbo Props
- King Air C90GTi ($1,750 Per Hour): A versatile and reliable turboprop, ideal for short to mid-range flights, offering comfort and speed. New models for purchase can range from $3.5 to $4.5 million. Pre-owned prices vary widely based on age and condition.
- King Air 100 ($2,000 Per Hour): Larger than the C90GTi, it provides increased capacity and range, perfect for longer domestic flights. Older models; new ones aren't manufactured. Pre-owned prices range from $1 million to $2 million.
- Pilatus PC-12 ($2,100 Per Hour): Renowned for its versatility, spacious cabin, and ability to operate from shorter runways. New models are around $5 million, while pre-owned can range from $2 million to $4.5 million depending on the year and condition.
Very Light Jets
- Eclipse 500 ($2,750 Per Hour): A cost-effective and efficient jet, offering speed and luxury for short trips. Pre-owned prices are around $1.5 million to $2.5 million.
- Citation Mustang ($2,900 Per Hour): Compact yet comfortable, great for quick business or leisure trips with a small group. Pre-owned prices range from $1.8 million to $2.5 million.
- Vision Jet ($3,000 Per Hour): The world's first single-engine personal jet, offering affordability without compromising on luxury. New models are about $3 million, with pre-owned varying significantly less due to recent entry into the market.
Light Jets
- Citation CJ1+ ($2,900 Per Hour): A popular choice for its efficiency and comfort, ideal for short to medium-range flights. Pre-owned prices range from $3 million to $4 million.
- Beechjet 400 ($2,950 Per Hour): Offers a blend of speed, range, and comfort, with a spacious cabin. Pre-owned models range from $1 million to $2 million.
- Citation M2 ($3,100 Per Hour): Strikes a balance between cost and performance, with modern avionics and interiors. New models are approximately $4.5 million, with pre-owned varying based on condition and age.
Super Light Jets
- Phenom 300 ($4,300 Per Hour): Best in class for range and cabin space, it’s perfect for travelers seeking both luxury and performance. New models are around $9 million, with pre-owned prices ranging from $7 million to $8.5 million.
- Learjet 45 ($4,450 Per Hour): Known for its speed and range, it is a solid choice for business travel. Pre-owned prices range from $2 million to $3.5 million.
- Learjet 70 ($4,450 Per Hour): Offers upgrades in efficiency and comfort over its predecessors, with state-of-the-art interiors. New models are around $11 million, with pre-owned prices depending on condition and age.
Midsize Jets
- Citation XLS ($4,300 Per Hour): Combines transcontinental range, first-class cabin luxury, and remarkable performance. New models are around $13 million, with pre-owned prices varying.
- Citation Excel ($4,300 Per Hour): Provides a spacious cabin and is capable of operating from smaller airports. Pre-owned prices range from $2 million to $4 million.
- Hawker 800XP ($4,450 Per Hour): Known for its blend of range, speed, and cabin comfort. Pre-owned models range from $1.5 million to $2.5 million.
Super Midsize Jets
- Citation Sovereign+ ($5,100 Per Hour): Offers high performance, extensive range, and a spacious cabin. New models are around $18 million, with pre-owned prices varying.
- Citation X ($5,100 Per Hour): One of the fastest business jets, combining speed with comfort. New models can exceed $20 million, with pre-owned models ranging widely.
- Praetor 500 ($5,500 Per Hour): State-of-the-art technology, comfort, and performance, with intercontinental range. New models are around $17 million.
Large Jets
- Challenger 601 ($6,800 Per Hour): Spacious and luxurious, suitable for longer, intercontinental flights. Pre-owned models range from $2 million to $3.5 million.
- Challenger 604 ($7,500 Per Hour): Offers a large cabin, long-range, and reliability. Pre-owned models range from $5 million to $7 million.
- Challenger 850 ($7,700 Per Hour): Features the largest cabin in its class, providing ultimate comfort and space. Pre-owned models range from $7 million to $10 million.
Ultra Long Range
- Gulfstream GV ($10,000 Per Hour): High performance, long-range, and luxurious amenities for global travel. Pre-owned prices range from $14 million to $16 million.
- Gulfstream G550 ($10,900 Per Hour): Exceptional range, cabin space, and technology for an unparalleled flying experience. New models are around $50 million, with pre-owned varying from $20 million to $40 million.
- Falcon 7X ($11,400 Per Hour): Features advanced aerodynamics for efficiency, range, and a quiet cabin. New models are around $50 million, with pre-owned prices varying widely.
VIP Airliner
- Lineage 1000 ($14,850 Per Hour): Offers the space and flexibility of an airliner with the comfort of a private jet. Pre-owned prices range from $20 million to $30 million.
- Airbus ACJ318 ($18,600 Per Hour): Combines airline capacity with private jet luxury, suitable for VIP transport. New models can exceed $75 million, with pre-owned varying widely.
- Boeing Business Jet ($18,600 Per Hour): Ultimate in space, range, and amenities, akin to a flying luxury home. New models can exceed $80 million, with pre-owned prices varying significantly.
FAQs
What is the cheapest private jet to charter?
The most affordable private jets to charter are typically very light jets like the Cirrus Vision Jet or Cessna Citation Mustang or turbo props such as the King Air 100 or King Air 200. These airplanes offer cost-effective charter options for short trips with limited passenger capacity.
What is the cheapest private jet to buy?
The Cirrus Vision Jet and Eclipse 500 are among the least expensive private jets to buy, with prices starting around $1-2 million. A King Air 100 Turbo prices start at around $500,000 These airplanes provide a lower entry point to jet ownership but are generally suited for shorter flights with fewer passengers.
What is the benefit of booking an affordable private jet beyond just the cost?
Booking a low cost private jet can offer benefits beyond affordability, like flexibility in travel schedules, access to smaller airports, and a more personalized, private travel experience compared to commercial flights.
What is the biggest private jet you can charter for cheap?
The Beechcraft 1900D has one of the largest cabins with seating up to 19 passengers and has a range of around 1500 statute miles. The low hourly price is around $4,350 USD. While it’s still considered a prop plane, it can comfortably fit larger groups, making it an economical choice for those needing extra space.
Continuing Your Research:
You can get an online private jet flight estimate.
Learn more about what makes up the private jet rental costs.
Use our Private Jet Comparison tool to compare up to three aircraft side by side.
Check the price of a carbon offset for an upcoming flight.
For more information or to speak with a live agent 24/7 call us at +1-877-727-2538 Ext. 1 or send us an email here.
