FLYING411
Discover insights, tips, and stories from the skies — from aircraft buying guides to pilot training.
Published: July 4, 2025
You might think owning a private jet is only for billionaires or big businesses. But today, more affordable options are available than ever before. Thanks to smaller, more efficient models and a strong used aircraft market, the dream of jet ownership is becoming more realistic, even for first-time buyers.
📊 According to AMSTAT, over 60% of private jet transactions now involve pre-owned aircraft, with some light jets priced under $2 million.
If you're looking for the cheapest private jet to buy, this guide will walk you through the best models, what to expect in terms of cost, and how to make a smart, safe decision.
"Cheap" is a relative term in private aviation, as even the most affordable jets can still cost over $1 million. However, certain factors can make a jet more cost-effective compared to others. For example, pre-owned jets are often priced at half the cost of new ones, making them a more budget-friendly option. Light or very light jets are also more affordable due to their smaller size, which results in lower fuel consumption and maintenance expenses.
Additionally, jets with shorter ranges, typically under 1,500 miles, tend to be less expensive. Basic interiors with simpler cabin layouts further reduce both the purchase price and upkeep costs. By understanding these trade-offs, buyers can find the right balance between cost and comfort, as well as safety and performance.
Below is a look at some of the most cost-effective private jets you can buy today. All prices are based on used market listings and industry sources.
The Citation Mustang is often considered the go-to choice for buyers seeking the most affordable private jet to purchase. It's a very light jet (VLJ) designed for personal or short business travel. It's also easy to fly, which makes it popular among owner-pilots.
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This stylish and efficient VLJ from Embraer offers better range and cabin space than the Mustang. It's also newer in design and comes with better tech and comfort features.
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The HondaJet is known for its innovative engine-over-wing design. This layout creates more room inside and improves fuel performance. If you're looking for a newer jet with modern features, this is a solid contender among the most affordable private jets to purchase.
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If you're looking for a step up from VLJs, the CJ1+ offers more power and cabin space. It's fast, comfortable, and can handle slightly longer routes than smaller jets.
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Learjet aircraft are known for their speed and agility. The 31A is no different. It's often available at a lower price because it's older, but it still delivers excellent performance.
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While it's not a jet, the Pilatus PC-12 is an excellent alternative for those seeking space, reliability, and low operating costs. It's widely used for both personal and business trips.
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Even if you find the most affordable private jet to purchase, ownership still comes with ongoing expenses. These include fuel, maintenance, storage, insurance, and sometimes crew salaries.
Here's a basic cost breakdown for a light or very light jet:
Cost Type
| Estimated Amount (Annual) |
| Fuel | $150,000 – $250,000 |
| Maintenance & Parts | $100,000 – $200,000
|
| Hangar Storage | $25,000 – $50,000 |
| Insurance | $20,000 – $60,000 |
| Crew (if hired) | $100,000 – $200,000 |
| Miscellaneous Fees | $10,000 – $20,000
|
| Total Estimated | $400,000 – $700,000/year |
These numbers can vary depending on aircraft model, flight hours, and location.
If you're seriously considering jet ownership, keeping a few key tips in mind can help you make a wise and financially sound decision:
Purchasing a private jet doesn't have to be prohibitively expensive. With careful study, you can find an affordable solution that matches your needs. Consider small, trustworthy planes like the Citation Mustang, Phenom 100, or HondaJet, especially used versions. They are less expensive while still delivering great performance. Consider how frequently you plan to fly and create a budget accordingly. Remember to add fuel, maintenance, and other expenses. With the right plan, you can fly comfortably while staying inside your budget.
Owning a private jet can be cheaper in the long run if you fly often, especially more than 150 hours per year. While the upfront cost is high, frequent flyers can save compared to chartering or flying first class on a regular basis. Choosing the cheapest private jet to buy, like a used Cessna Citation Mustang or Learjet 31A, lowers those initial costs.
Owning a private jet can save you money in the long run, especially if you fly more than 150 hours each year. While the initial cost is significant, frequent passengers can save money by opting for this option over chartering or flying first class on a regular basis. Choosing the most affordable private aircraft to purchase, such as a used Cessna Citation Mustang or Learjet 31A, reduces the initial costs.
Yes, some private planes are available at relatively low prices, particularly on the pre-owned market. Very light jets (VLJs) are often the least expensive. The Citation Mustang and Phenom 100 are among the most affordable private jet options for purchase. Prices start around $1.5 million and vary depending on age, condition, and hours flown.
The least expensive private planes are typically older, light jets or turboprops. The Cessna Citation Mustang and Beechcraft Premier I are frequently included in lists of the best economical private jets for purchase. These jets are smaller, more efficient, and cheaper to maintain than larger aircraft. Some secondhand models cost less than $2 million.
If you travel regularly and appreciate flexibility and convenience, owning a private plane makes sense. It allows you to set your own schedule, avoid commercial delays, and travel comfortably. If you're on a limited budget, searching for the most affordable private jet for sale will enable you to enter private aviation without breaking the bank. Ownership also gives you control over how the aircraft is utilized and maintained.
