How Much is the Cheapest Private Jet? Budget-Friendly Options Explained

How much is the cheapest private jet? Entry-level models start around $2 million to $3 million new, while older pre-owned jets can be purchased for under $1.5 million. For those who want private aviation at a lower cost, certain very light jets (VLJs) and turboprops are among the cheapest options available.

Cheapest Private Jets on the Market

Here are some of the most affordable private jets and their typical prices:

• Cirrus Vision Jet: Around $2 million new, often called the world’s cheapest new private jet.
• Embraer Phenom 100: $4–5 million new, with used models available for under $2.5 million.
• Cessna Citation Mustang: $3 million new when in production; pre-owned models now sell for $1.5–$2 million.
• HondaJet Elite: Around $5 million new, a popular entry-level light jet with efficiency and comfort.

New vs. Pre-Owned Jets

The cheapest option depends on whether you buy new or used:

• New jets: Offer modern avionics, warranty, and latest efficiency — but cost more upfront.
• Pre-owned jets: Significantly cheaper but may come with higher maintenance and refurbishment costs.

Ownership Costs Beyond Purchase Price

Buying the cheapest private jet is only part of the expense. Owners also need to consider:

• Fuel and maintenance: Typically $200,000–$400,000 annually.
• Hangar fees: $30,000–$50,000 per year depending on location.
• Pilot and crew salaries: Even for small jets, hiring professional pilots is standard.
• Insurance: Costs vary but often reach tens of thousands annually.

Charter vs. Buying the Cheapest Jet

For those who fly less frequently, chartering is often more cost-effective than ownership. A charter flight on a light jet may cost $3,000–$5,000 per hour, allowing occasional private jet access without millions in upfront purchase costs.

Frequently Asked Questions

What’s the cheapest private jet available today?

The Cirrus Vision Jet, at around $2 million new, is widely regarded as the cheapest new private jet on the market.

How much does the cheapest private jet cost if bought used?

Pre-owned light jets, like the Citation Mustang, can be found for as little as $1.5 million.

Which is the cheapest private jet in the world?

The Vision Jet holds that title for new aircraft, while older used VLJs can be even more affordable.

Is it cheaper to charter or buy a private jet?

For most people, chartering is cheaper. Buying only makes sense if you fly 200–300+ hours per year.

How much are yearly ownership costs for a small private jet?

Expect $500,000+ annually for fuel, maintenance, hangar, insurance, and crew — even for the cheapest jets.

To learn more about private jet rentals, costs, and affordable travel options, visit PrivateJetTravel.com.

Conclusion

The cheapest private jets cost $2 million to $3 million new, with used models sometimes available for $1.5 million or less. While ownership provides flexibility, annual expenses often exceed half a million dollars. For most travelers, chartering remains the more affordable entry point into private aviation.

For tailored charter quotes or to explore alternative ways to fly private, visit PrivateJetTravel.com.