HangarMath

Cessna 208 Caravan Pre-Buy Checklist

Turboprop · 1984-present · 2,200 active

Full Cost Data

Purchase Price

$400K-$2.5M

Prebuy Items

ADs

Insurance

$18,270

per year (experienced)

Known Maintenance Issues

33 FAA Service Difficulty Reports (2015-2024)

Powerplant
18
System Z
8
Hydraulics / Flight Controls
2
System W
2
Control Systems
1

Source: FAA Service Difficulty Reports (SDR). Higher counts may reflect fleet size.

Safety Record (NTSB)

Public incident data · 1982-2025

94

Total Incidents

88

Accidents

38

Fatal

42.7

Per 1K Fleet

Raw public data from NTSB. Not a safety grade. Compare with fleet size and hours flown.

Purchase Price by Year

1980-1989
$305K-$587K
1990-1999
$426K-$822K
2000-2009
$609K-$1.2M
2010-2019
$914K-$1.8M
2020-present
$1.5M-$2.9M

Frequently Asked Questions

How much does a Cessna 208 Caravan cost?

Typical purchase price: $400K-$2.5M

What should I check before buying a Cessna 208 Caravan?

Have a qualified A&P mechanic perform a thorough pre-buy inspection of the airframe, engine, avionics, and logbooks.

How much is insurance for a Cessna 208 Caravan?

Experienced pilots: $18,270-$22,330/year.

Are there any known issues with the Cessna 208 Caravan?

Check FAA airworthiness directives and type club resources for known issues.

Cost Summary

Purchase$400K-$2.5M
Annual Fixed$30,270/yr
Hourly Variable$310.00/hr
5-Year Total$706K-$3.1M

Insurance Estimates

New PPL$26,100-$37,700
Experienced$18,270-$22,330

Engine

ModelPratt & Whitney PT6A-114A
Power675 HP
TBO3,500 hrs
Overhaul$280,000-$420,000

Disclaimer

This guide is for informational purposes only. Always hire a qualified A&P mechanic for a professional pre-buy inspection. Data sourced from FAA records and industry benchmarks.