The Bombardier Challenger 601-3R is a large business jet from the early 1990s.
It’s known for its great performance and roomy cabin. It can carry 2 crew members and up to 9 passengers.
This aircraft can fly as high as 41,000 feet and cruise at 443 knots (510 mph). Its range of 3,296 nautical miles (3,792 statute miles) makes it a favorite among private jet owners.
The average price for a used Challenger 601-3R is about $2,300,000. But owning and running this jet costs more than just the initial price. We’ll look at what makes up the annual costs of owning a Challenger 601-3R.
Key Takeaways
- The Challenger 601-3R has an average pre-owned price of $2,300,000
- Based on 450 annual owner-operated hours and $5.96 per gallon fuel cost, the total annual budget is $3,295,900, or $7,324 per hour
- Factors like fuel consumption, maintenance, crew, and insurance all contribute to the Challenger 601-3R’s operating costs
- Understanding the fixed and variable costs associated with owning and operating the Challenger 601-3R is crucial for potential buyers
- Financing options and depreciation rates can also impact the overall cost of Challenger 601-3R ownership
Bombardier Challenger 601-3R Total Operating Costs
When it comes to the operating costs of the Bombardier Challenger 601-3R you must consider both the fixed and variable costs. Naturally, the annual cost will be impacted by your usage.
With 450 hours flown each year, the variable costs are about $2,385,864, resulting in an hourly variable cost of $5,302.
The fixed costs, like crew and insurance, add up to $910,036.
So, the yearly cost for the plane is $3,295,900.
But, things change if you add 200 hours of charter flights. The fixed costs drop to $465,620.
The yearly cost goes down to $2,851,484, making the hourly cost $6,336. This shows how important private aviation budgeting is. It also shows how charter flights affect corporate jet finance.
| Cost Category | 450 Owner-Operated Hours | 650 Total Hours (450 Owner + 200 Charter) |
|---|---|---|
| Total Variable Costs | $2,385,864 | $2,385,864 |
| Total Fixed Costs | $910,036 | $465,620 |
| Total Annual Budget | $3,295,900 | $2,851,484 |
| Hourly Operating Cost | $7,324 | $6,336 |
Bombardier Challenger 601-3R Annual Budget Calculator
Use the calculator below to calculate the estimated annual budget to operate the Bombardier Challenger 601-3R.
Simply enter the number of hours per year and receive click “Get Annual Budget”. Below you will then see the estimated annual budget for owning and operating the Challenger 601-3R.
The final value takes into account both fixed and variable costs. Please note that the final value is an estimate only. Additionally, note that all values are in USD.
Bombardier Challenger 601-3R Annual Budget:
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Overview of Bombardier Challenger 601-3R
The Bombardier Challenger 601-3R is a large business jet. It meets the needs of business aviation and luxury travel. Its cabin is spacious, measuring 8’02” wide, 6’01” high, and 28’04” long. It can hold up to 12 passengers.
It has a total baggage capacity of 115.00 ft^3. This means there’s plenty of room for personal and business items.
The Challenger 601-3R is powered by two General Electric CF34-3A1 engines. Each engine is flat-rated to 70°F and delivers 8,729 pounds of thrust. It has a balanced field length of 6,337′ for takeoff and 3,436′ for landing.
Its maximum operating altitude is 41,000 feet. It cruises at 443 KTS/510 MPH and has a range of 3,296 NM/3,792 SM when fully seated.
The cabin is pressurized to 8.8 psi. This keeps it comfortable at high altitudes. It’s equipped with advanced Honeywell avionics, including dual Collins VHF 22B and dual FMS 800.
With over 1,060 Challenger 600 family aircraft produced since the 1980s, the Challenger 601-3R has a strong market presence. It offers reliability for business aviation and luxury travel.
Fixed vs Variable Costs
Understanding the costs of the Bombardier Challenger 601-3R is key. The Challenger 601-3R’s fixed costs are $910,036 a year. This includes crew, hangar, insurance, and more. Variable costs are $2,385,864 for 450 hours of flying.
Variable costs include fuel at $5.96 per gallon. They also cover maintenance, parts, and labor. Knowing these costs helps owners lower their flying costs.
Factors that Affect Ownership Cost
The cost of owning a Bombardier Challenger 601-3R depends on several key factors. One major factor is how many hours the plane flies each year.
For example, flying 200 more hours can cut the fixed costs by almost half, from $910,036.00 to $465,620.00. This change affects the yearly budget and the cost per hour a lot.
Fuel prices also play a big role. Fuel costs can make up a big part of the plane’s expenses. So, when fuel prices go up or down, it directly affects how much it costs to own the plane.
Maintenance is another big factor. Regular checks, repairs, and overhauls add up and impact the overall cost of owning the plane.
Using the plane for charter flights also changes the cost. Charter flights mean the plane is used more, which can lower the fixed costs per hour.
This can help reduce the overall cost of owning the plane.
To keep aircraft ownership costs down, people who own planes need to think about these factors. They should plan their private aviation budgeting and business aviation overhead carefully. Knowing what affects the cost of a Challenger 601-3R helps them make smart choices and manage their investments well.
Bombardier Challenger 601-3R Acquisition Cost
The Bombardier Challenger 601-3R is a top pick for those looking for a dependable and affordable private jet. It’s great for corporate jet finance or luxury travel.
The cost of a pre-owned Challenger 601-3R varies from $1.7 million to $2.5 million, with an average of $2,300,000.
Financing options are available for buying this aircraft. For example, a $1,150,000 loan over 120 months could mean a monthly interest payment of $4,791.67.
This leads to a total monthly payment of $57,665.27. This high cost is something to think about, along with the ongoing expenses of owning and flying the Challenger 601-3R.
Depreciation Rate and Resale of Bombardier Challenger 601-3R
The Bombardier Challenger 601-3R is a mid-size business jet made from 1993 to 1996. It has a total of 59 units. The depreciation rate and resale value are key when looking at long-term costs.
The current market price for a Challenger 601-3R is between $2,000,000 and $2,950,000. This depends on the aircraft’s age, condition, and upgrades. The depreciation rate is about 14%, meaning it loses around $280,000 each year.
The resale market for the Challenger 601-3R is active, with 8% of the fleet for sale. This shows there’s a steady demand for used aircraft in this class. But, owners should watch market trends and consider the aircraft’s age and maintenance history when estimating resale value.
The typical avionics suite in the Challenger 601-3R costs around $349,500. This is another cost to consider in owning an aircraft. The total cost of operation includes fixed costs like crew, hangar, and insurance, and variable costs like fuel and maintenance.
| Aircraft Ownership Costs | Value |
|---|---|
| Typical Purchase Price | $2,475,000 |
| Market Depreciation (14%) | $280,000 |
| Total Fixed Costs | $890,000 |
| Total Variable Costs | $960,000 |
| Total Annual Cost of Operation | $2,130,000 |
Financing the Bombardier Challenger 601-3R
Thinking about getting a Bombardier Challenger 601-3R? It’s important to look at corporate jet finance and private aviation budgeting. There are many ways to handle the costs of owning an aircraft.
For example, a $1,150,000 loan over 120 months could be an option. This would mean paying $4,792 each month in interest.
The total payment would be $57,665 each month. It’s key to find the right financing for your budget and needs.
Looking into corporate jet finance and private aviation budgeting can help. This way, you can make smart choices about the Bombardier Challenger 601-3R. And you can keep the costs of owning an aircraft in check.
Comparison with Similar Aircraft
When looking at the Bombardier Challenger 601-3R and other business jets, several important factors come into play. These include how many passengers it can carry, how far it can fly, its speed, and its operating costs. The Challenger 601-3R can seat up to 9 people, fly 3,296 nautical miles, and reach speeds of 443 knots. Its operating costs are $7,324.22 per hour, assuming 450 hours of flying each year.
The Airbus A319CJ has a direct operating cost of $5,515 per hour. The Citation X/+ Elite can fly 3,220 nautical miles. The Global 7500 has a large cabin of 487 cubic feet. The Gulfstream G-III can fly at 470 knots, showing its speed.
| Aircraft Model | Passenger Capacity | Range (NM) | Cruise Speed (KTS) | Operating Cost ($/hr) |
|---|---|---|---|---|
| Bombardier Challenger 601-3R | 9 | 3,296 | 443 | $7,324.22 |
| Airbus A319CJ | 8 | 3,750 | 450 | $5,515 |
| Citation X/+ Elite | 8 | 3,220 | 490 | $6,200 |
| Global 7500 | 10 | 7,700 | 590 | $8,500 |
| Gulfstream G-III | 14 | 4,000 | 470 | $7,800 |
These comparisons show where the Challenger 601-3R stands in the large-cabin business jet market. It offers a good mix of capacity, range, and cost. Aviation professionals should think about these factors when choosing an aircraft for their needs.
Conclusion of Ownership Cost for Bombardier Challenger 601-3R
Buying a Bombardier Challenger 601-3R comes with many costs. The starting price is about $2,300,000.00.
You also have to pay $910,036.00 a year in fixed costs and $2,385,864.00 in variable costs for 450 hours of flying. This adds up to a yearly budget of $3,295,900.00, or $7,324.22 per hour.
When thinking about owning this jet, consider all the costs. Look at financing options and how much you can make from chartering. Understanding the fixed and variable costs is key to budgeting for a private jet. This helps you see if the Bombardier Challenger 601-3R fits into your financial plans.
Choosing to buy a Bombardier Challenger 601-3R needs careful thought. You must look at the jet’s features, flying needs, and your budget. By looking at all the costs, you can decide if this jet meets your flying goals and budget.
FAQ
What are the key specifications of the Bombardier Challenger 601-3R?
The Bombardier Challenger 601-3R is a large business jet. It has a 2-person crew and can carry up to 9 passengers. It flies up to 41,000 feet high, cruises at 443 KTS/510 MPH, and has a range of 3,296 NM/3,792 SM.
What is the average price for a pre-owned Bombardier Challenger 601-3R?
A pre-owned Bombardier Challenger 601-3R costs about $2,300,000.00 on average.
What is the total annual budget for operating and maintaining a Bombardier Challenger 601-3R?
The annual budget for a Bombardier Challenger 601-3R is $3,295,900.00. This is based on 450 hours flown and a fuel cost of $5.96 per gallon. It works out to $7,324.22 per hour.
How do the fixed and variable costs for the Bombardier Challenger 601-3R break down?
The variable costs for the Bombardier Challenger 601-3R are $2,385,864.00 with 450 hours flown. The fixed costs are $910,036.00.
How can adding charter hours impact the operating costs of the Bombardier Challenger 601-3R?
Adding 200 charter hours reduces the fixed cost to $465,620.00. The annual budget drops to $2,851,484.00, with an hourly cost of $6,336.63.
What factors influence the ownership cost of the Bombardier Challenger 601-3R?
The cost of owning a Bombardier Challenger 601-3R depends on flight hours, fuel prices, maintenance, and charter use.
How can financing options impact the acquisition cost of the Bombardier Challenger 601-3R?
Financing can affect the cost of a Bombardier Challenger 601-3R. A $1,150,000.00 loan over 120 months has a monthly interest of $4,791.67. This results in a $57,665.27 payment per period.
How does the Bombardier Challenger 601-3R compare to similar business jets?
The Bombardier Challenger 601-3R has a passenger capacity of up to 9. It has a range of 3,296 NM and cruises at 443 KTS. Its operating costs are $7,324.22 per hour.
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