The Mooney M20TN Acclaim is a high-performance aircraft that has carved out a niche for itself in the general aviation market. Renowned for its speed, efficiency, and aerodynamic design, the Acclaim is an aircraft that appeals to both private pilots and flight schools looking for a fast, reliable, and economical machine. Understanding the price and operating costs of this aircraft is essential for prospective owners who want to ensure that it fits within their budget.
Overview of the Mooney M20TN Acclaim
The Mooney M20TN Acclaim is part of the M20 series, a family of four-seat, single-engine, piston-powered aircraft designed and manufactured by Mooney International Corporation. The Acclaim is powered by a Continental TSIO-550-G turbocharged engine, capable of producing 280 horsepower, making it one of the fastest piston-engine aircraft in the market. With a maximum cruise speed of 242 knots and a range of over 1,100 nautical miles, it is a favorite among pilots who need speed and efficiency in their travels.
Specifications and Performance
| Specification | Details |
|---|---|
| Engine | Continental TSIO-550-G, 280 HP |
| Max Cruise Speed | 242 KTAS |
| Range | 1,275 NM |
| Fuel Capacity | 100 gallons |
| Service Ceiling | 25,000 feet |
| Empty Weight | 2,450 lbs |
| Max Takeoff Weight | 3,368 lbs |
| Useful Load | 918 lbs |
Initial Purchase Price
The initial purchase price of the Mooney M20TN Acclaim can vary based on factors such as the year of manufacture, condition, and installed avionics. A new Mooney M20TN Acclaim typically costs between $750,000 to $850,000. However, the price can escalate depending on the choice of customization options, such as paint schemes, interior materials, and avionics upgrades.
For those looking at the pre-owned market, the price can range from $400,000 to $700,000, depending on the aircraft’s total hours, maintenance history, and any modifications made by previous owners. Pre-owned aircraft may also require an additional investment for upgrades or overhauls to ensure they meet the buyer’s requirements.
Operating Costs
Fuel Costs
Fuel is the most significant ongoing cost for operating the Mooney M20TN Acclaim. The aircraft burns approximately 16-20 gallons per hour (GPH) of 100LL Avgas during cruise, depending on power settings. At an average fuel price of $6 per gallon, this results in an hourly fuel cost of $96 to $120. Given the aircraft’s efficiency, the cost per mile is relatively low for an aircraft of its speed class.
Maintenance Costs
Maintenance is another significant factor in the overall operating costs of the Mooney M20TN Acclaim. The aircraft requires regular inspections, repairs, and component overhauls. The annual inspection, mandated by the FAA, can cost between $2,500 and $5,000, depending on the complexity of the inspection and the condition of the aircraft.
Other maintenance costs include engine overhauls (which are typically required every 1,800 to 2,000 hours of operation) and can range from $35,000 to $50,000. Routine maintenance such as oil changes, tire replacements, and brake inspections add to the operating costs, usually amounting to $1,000 to $2,000 annually.
Insurance Costs
Insurance is another essential consideration. The cost of insuring a Mooney M20TN Acclaim depends on several factors, including the pilot’s experience, the aircraft’s value, and the coverage limits. Typically, owners can expect to pay between $2,500 and $5,000 per year for comprehensive coverage, which includes liability and hull insurance. Pilots with less experience or higher coverage limits may face higher premiums.
Hangar Fees
The Mooney M20TN Acclaim requires adequate storage, and most owners opt for hangar space to protect the aircraft from the elements. Hangar fees can vary widely depending on the location of the airport, the size of the hangar, and the amenities offered. On average, hangar fees can range from $300 to $800 per month, leading to an annual cost of $3,600 to $9,600.
Depreciation
While depreciation is not an out-of-pocket expense, it is a significant factor in the total cost of ownership. The value of the Mooney M20TN Acclaim typically depreciates over time, though high demand for well-maintained aircraft can slow the depreciation rate. On average, the aircraft may lose 2-4% of its value annually. However, with proper maintenance, hangar storage, and timely upgrades, owners can minimize depreciation and maintain a higher resale value.
Cost Summary and Budgeting
To provide a clearer picture of the total annual operating costs, let’s summarize the key expenses:
| Expense | Annual Cost |
|---|---|
| Fuel (200 hours/year) | $19,200 – $24,000 |
| Maintenance | $3,500 – $7,000 |
| Insurance | $2,500 – $5,000 |
| Hangar Fees | $3,600 – $9,600 |
| Total | $28,800 – $45,600 |
It is important to note that these costs are estimates and can vary depending on the aircraft’s usage, location, and owner’s preferences. Prospective buyers should carefully consider these factors when budgeting for the Mooney M20TN Acclaim.
Conclusion
The Mooney M20TN Acclaim is a high-performance aircraft that offers speed, efficiency, and reliability to its owners. While the initial purchase price and operating costs are significant, the benefits of owning such a capable aircraft can outweigh the expenses for those who value performance and comfort. By understanding the costs involved, prospective owners can make informed decisions and enjoy the many advantages that the Mooney M20TN Acclaim has to offer.
