Bombardier Challenger 605 Price Guide

What Impacts a Bombardier Challenger 605’s Price?

The condition and value of one aircraft within the fleet can differ greatly from an apparently similar jet (even those of the same age).

Fair market value of a specific Bombardier Challenger 605 jet is ultimately something that is negotiated between the buyer and seller, but the agreed price will account for various factors, including the aircraft’s model year; how it has been equipped and configured (compared to other aircraft within its fleet); whether it has been modified or upgraded; and its overall maintenance condition.

When assessing the maintenance condition, buyers are advised to account not only for the visible wear and tear on the interior and exterior, but also the aircraft’s proximity to any expensive/time consuming scheduled overhauls or inspections, and whether (or not) the aircraft is enrolled on an hourly maintenance cost program or remains under warranty.

These factors will have a significant bearing on a final sale price agreed in a Bombardier Challenger 605 transaction.

Does the Challenger 605 Fleet for Sale Number Matter?

Another factor that can drive an aircraft’s value on the used market is the percentage of an aircraft’s fleet for sale. As a general rule, newer aircraft (i.e., those aged below five years) tend to command more interest for buyers.

Combined with a relatively small proportion of the fleet being on the market, this can impact the price of a jet, giving the seller a stronger position to drive a desired sale price, particularly when the market is active and healthy.

Traditionally, when less than 10% of a fleet of aircraft is for sale the market is a sellers’ market, in which sellers have greater control over eventual sale prices. Once the fleet for sale exceeds 10% the opposite becomes true and the market is defined as a buyers’ market.. 

What Else Should a Bombardier Challenger 605 Buyer Consider?

When assessing whether an aircraft is affordable for the budget, buyers need to remember the costs don’t stop at the acquisition of the aircraft. There will be ongoing variable hourly operating costs and fixed hourly operating costs to consider, and these are discussed in more detail in our Operating Cost Guides.

How Does the Bombardier Challenger 605 Compare With Other Aircraft?

Check out our Bombardier Challenger 605 Jet Comparison articles by industry expert, Mike Chase, here:

• Dassault Falcon 2000LX vs Bombardier Challenger 605
• The Falcon 2000 series vs The Challenger 604 and 605 Jets
• Aircraft Comparative Analysis: Bombardier Challenger 605