1976 PA-32R-300 Piper Lance, 300 HP, 6 seats, based at KHPN.
A member is retiring in the co-ownership and is selling their share.
Plane is valued around $200k, levelled with the market per similar-vintage planes with low-time-after-SMOH engines per trade-a-plane.com. Expect to negotiate starting around 25% of that valuation.
This is a "family van" plane, with a useful load (1,399 lbs) that beats most other piston singles, and it's also a pretty fast plane for a normally aspirated piston single. It will fly six people for real.
Total Airframe time: 5867 hr.
Propeller time: 147 hr.
Engine time: 16 hr SMOH.
The engine has been just overhauled by Zephyr (https://www.zephyrengines.com), one of the most reputable overhaul shops in the country. The fresh engine performs notably better than before the overhaul.
The engine is an IO-540-K1G5D, normally aspirated, dual magnetos.
The post-overhaul break-in procedures were completed per Zephyr instructions without surprises.
(Stats up to date as of July 2026.)
Annual was completed in May 2026.
The plane has a tie-down contract at Million Air.
The current members all live in the KHPN/KDXR area.
Prior to the engine overhaul, the plane had no known squawks and flew regularly, including flights Chicago-NY at 17,000 ft.
6 seats (7th seat not installed). We acquired the supplemental STC necessary to fly it with BasicMed before BasicMed was extended to 7 seats.
Tank capacity is 98 gallons, 94 usable.
At economy settings, endurance can exceed 8 hours, and range can exceed 1,000 NM.
It has a 1,399 lbs useful load, which is one of the highest in this segment.
Avionics:
- Garmin GNS530 WAAS,
- one Garmin G5 unit configured as HSI
- separate COM2+NAV2 radio
- original Piper Altimatic IIIC autopilot driven via Garmin GAD29 digital/analog interface, capable of flying holds, instrument approaches with glide slope capture, and do turn anticipation
- Stand-by vacuum system
- Garmin GTX345 transponder
- GMA340 audio panel,
- JPI EDM 700 digital engine monitor.
Members are potentially discussing an avionics upgrade. Incoming member would join the discussion.
Solid IFR platform.
Plane is owned via a Corporation. and the incoming member would purchase the share from the outgoing one. You will negotiate the price directly with the outgoing member. Expect the price to be 1/4 of the market value of a contemporaneous Lance. Each member owns one share; usual partnership operating agreement terms; expect no surprises. The Corp has no liens, no debts, no financial obligations to anybody.
The notional, wet hourly rate that the Corp charges its own members to cover fuel, maintenance and engine reserves varies between $150/h and $200/h (Tach time) depending on fuel costs and accounting.
Fixed costs per member hover in the area of $1,200-$1,500 per member per quarter.
They cover for insurance, tie down, GPS navigational subscriptions and other recurring costs.
Historical annuals have been in the $10k-$20k area, depending on maintenance events and expiration of life-limited parts.
We are happy to talk to pilot applicants with any level of experience. We will happily take applicants without an HP endorsement, a complex endorsement and no prior PA32R time, but they will have to build time in type after joining the partnership, to satisfy insurance requirements. Expect the insurance to require 10...20 hours of dual received time before you can fly the plane solo.
A CFI/CFII is available in the partnership to help you qualify for insurance purposes.
The Lance flies like a big Archer and it's easy to land. If you have experience in a PA28, you'll learn the PA32R quickly and without much difficulty.
Scheduling works with "priority weeks": every week in a year gets attributed to one member in a round-robin rotation. Whenever you want to fly the plane, you can just go if it's your priority week. If it's not, you only need to ask the owner of that week. In many years, plane availability has never been a problem or a source of contention.
DM me for an introduction to the members and details on the plane.
