Retractable-gear performance for instrument training, time-building, and serious cross-country flying. AirMart helps pilots across the United States find, finance, and buy the right Piper Arrow.
Five main variants spanning four decades of production. Engine, wing, and avionics changes affect your budget and mission — here's how they break down.
PA-28R-180 · Lycoming IO-360, 180 HP. Original retractable-gear model with Hershey-bar wing. Rare.
$50,000 – $80,000PA-28R-200 · Lycoming IO-360, 200 HP. Longer fuselage, still the Hershey-bar wing.
$60,000 – $100,000PA-28R-200 · Tapered wing for better efficiency and speed. The flight-school workhorse.
$80,000 – $140,000PA-28R-201 · Updated panel and interior. Longest production run, best availability of low-time examples.
$100,000 – $200,000PA-28R-201T · Continental TSIO-360, turbocharged. Built for high-altitude operations.
$120,000 – $250,000From our brokerage work: the Arrow III remains the workhorse for flight schools, the Arrow IV is the private-buyer favorite for low-time examples with modern avionics, and the Turbo Arrow suits mountain pilots who need high-density altitude performance.
We've brokered more than 50 Piper Arrow sales. Hire an A&P mechanic familiar with PA-28R models — the landing gear system is where most Arrow-specific issues show up.
Typical used Arrows range from 3,000 to 8,000 TTAF. Lower time generally costs more, but a well-maintained high-time aircraft can be excellent value. TTAF matters more for insurance and resale than mechanical condition if maintenance is documented.
The Lycoming O-360/IO-360 has a recommended TBO of roughly 2,000 hours. Budget $30,000 to $40,000 for overhaul when negotiating. An engine with 200 SMOH versus 1,800 SMOH can justify a $25,000 price difference.
Propellers need overhaul every 1,500 to 2,000 hours or after any strike. Overhaul costs $5,000 to $8,000. Check the logs and ask about propeller AD compliance.
IFR-certified Arrows command premiums of $15,000 to $30,000 over VFR-only models. Common upgrades: Garmin GTN 650/750 GPS ($12,000–$20,000 installed), Aspen EFD1000 PFD ($8,000–$10,000), and ADS-B Out compliance. Verify all avionics work during pre-buy.
The retractable gear is the defining feature and primary maintenance concern. Check actuator fluid levels, gear saddles for wear, and AD 78-03-08 compliance on the gear limit switch. Actuator replacement runs $3,000 to $5,000. Test gear retraction and extension multiple times during pre-buy.
Complete airframe, engine, and propeller logs are essential. Missing logs reduce value by 10 to 20% and complicate future sales. Verify AD and recurring inspection compliance.
Check FAA registration records for prior incidents. Gear-up landings are relatively common with retractable-gear aircraft and don't automatically disqualify an Arrow if repairs were properly documented. Request copies of any reports.
Cosmetic condition affects resale value even when mechanically sound. Typical refurbishment: $15,000–$30,000 for paint, $8,000–$15,000 for interior. Use these numbers to negotiate.
Typical Arrow III useful load runs 900 to 1,000 pounds. Subtract full fuel (50 gal × 6 lbs = 300 lbs) for payload with full tanks. Heavier avionics reduce useful load — verify actual weight and balance against your mission.
A fresh annual adds value and buyer confidence. An upcoming annual within three to four months is a negotiation point. Annuals cost $1,500 to $3,000 depending on discrepancies.
All aircraft are pre-screened with logbook review and condition assessment, from older high-time Arrows to low-time Arrow IVs with modern avionics.
Logbook-verified, condition-assessed flight-school workhorse with the 200 HP Lycoming IO-360.
Low-time examples available with modern Garmin avionics and ADS-B Out compliance.
Financial planning extends beyond the purchase price. Here's what loan terms and insurance typically look like for a Piper Arrow.
Piper Arrow financing typically requires 15 to 20% down with 10 to 20 year terms. Specialized aviation lenders structure loans with APRs ranging from 6 to 8% as of 2024, depending on creditworthiness, aircraft age, and down payment.
AirMart works with multiple aviation lenders and can pre-qualify you to streamline the loan process.
| Loan Term | Down Payment | Est. Monthly Payment* |
|---|---|---|
| 10 years | 20% ($30,000) | ~$1,395 |
| 15 years | 20% ($30,000) | ~$1,080 |
| 20 years | 20% ($30,000) | ~$930 |
*Based on a $150,000 Arrow IV at 7% APR. Shorter terms reduce total interest paid.
500+ hour pilot, instrument rated, personal use — $120,000 Arrow III
Low-time pilot (200 hrs), limited retractable-gear experience — may require transition training
Flight school / commercial use — consult specialized aviation insurers underwriting training operations
Annual operating costs typically run $15,000 to $25,000 for 100 hours of flying, including fuel, oil, maintenance, insurance, and reserves.
Total hourly cost for a Piper Arrow III or IV at 100 hours/year — budget toward the higher end during your first year of ownership.
The Arrow III introduced a tapered wing for improved efficiency (1977), while the Arrow IV features an updated instrument panel and ran production until 2009. The Arrow II (1969–1977) has the original Hershey-bar wing. All three use the Lycoming O-360 engine; main differences are aerodynamic and cosmetic.
Used Piper Arrows range from $60,000 to $250,000 depending on year, total time, avionics, and variant. Arrow II models with 5,000+ hours typically run $60,000 to $100,000, while low-time Arrow IVs with Garmin avionics can exceed $200,000. Turbo Arrows command a premium for high-altitude capability.
Yes. The Piper Arrow has retractable landing gear, requiring a complex aircraft endorsement. Pilots must complete training and receive a logbook endorsement from a CFI before acting as pilot-in-command.
Inspect total airframe time, engine time since major overhaul, propeller condition, avionics functionality, landing gear system (actuators, saddles, limit switches), maintenance logbooks, damage history, and annual inspection status. Hire an A&P mechanic familiar with PA-28R models.
Expect $15,000 to $25,000 per year for 100 hours of flying, including fuel, oil, maintenance reserves, insurance, hangar, and annual inspection. Variable costs run $60 to $90/hour; fixed costs add $8,000 to $12,000/year.
Yes. Aviation lenders offer aircraft loans with 15 to 20% down and 10 to 20 year terms at 6 to 8% APR. Rates vary by creditworthiness and aircraft age. AirMart works with multiple lenders.
AirMart Aircraft Sales & Brokerage specializes in Piper Arrow sales and brokerage across the United States. Contact our Lexington, Kentucky team at (859) 233-9399 to view current inventory or request a nationwide aircraft search.
Our Lexington, Kentucky team has assisted 151+ buyers (rated 4.8/5 stars) with nationwide aircraft sourcing, logbook pre-screening, pre-buy coordination, financing assistance, and transaction management from first inquiry to post-closing support.
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