Overview:
Overview:Cirrus SR22 Price varies quite a lot depending on a multitude of factors: Model of the aircraft, Engine time and condition, Avionics, Interior and paint, Any modifications, Prior loss history, typically 10% reduction in price.
Cirrus SR22 Year and Model
The year and model of the Cirrus SR22 is used as a base to begin determining today’s value of each aircraft. With slight variations and model changes throughout the years and different planes in significantly different condition, values can vary quite wildly. As a base a 2006 Cirrus SR22-G2 has an average retail price of $225,000 as of December 2019. A 2010 SR22-GS has an average retail price of $330,000 and a 2015 Cirrus SR22T has an average retail price of $465,000.
Engine Time
Cirrus SR22’s come with a variety of Continental engines that have a TBO (time before overhaul) of 2,000 hours. Getting the aircrafts (SMOH) Time since major overhaul is a major factor affecting the price. If the SMOH is 1,400-1,500 hours, you may be in for an expensive $47,000 engine overhaul expense after only a few hundred hours of use.
Airframe Time (TTAF)
Total Airframe Time is a good indicator of how heavy the aircraft has been used during it’s lifetime. The average Airframe time per year is 175 hours for the SR22. Airframes with high TTAF, over 175 hours x age of the aircraft, are considered to be less valuable due to the amount of time on the aircraft.
Avionics
Avionics and upgrades can significantly impact the value of a Cirrus SR22. Panel upgrades, GPS, Autopilot, ADS-B installation, etc can all increase the value of the Cirrus SR22. The best case is to obtain an equipment list or installation and upgrade history to help justify the value of the additional avionics.
Interior and Paint
Aircraft interiors are typically given a 1-10 based on a grading scale. New or mint condition interiors can increase the value of a Cirrus SR22 by $10,000-$15,000. Paint is also graded on a scale, new paint jobs can add $10,000-$15,000 to the value.
Prior Loss History
Some Cirrus SR22’s have had losses or been in accidents. This is due to the aircrafts age and is also a testament to the aircraft’s durability and longevity. Depending on the incident and level of damage, having loss history will typically decrease the value of the Cirrus SR22 by 10-20%.
