Cessna Citation Latitude Price Guide

What Impacts a Cessna Citation Latitude’s Price?

If you are in the market to buy a used Cessna Citation Latitude jet,, you need to factor into your selection decision that the condition and value of one aircraft within the fleet can differ substantially from an apparently very similar jet – even if they were manufactured in the same year.

A used Cessna Citation Latitude’s fair market value is ultimately something that will be negotiated between the buyer and seller. The agreed price will account for different factors, including model year; how the aircraft has been equipped and configured (compared to others in its fleet); how it has been modified or upgraded during its lifetime – and the impact of those upgrades on its performance and costs; and its overall maintenance condition.

As an aircraft’s maintenance condition is considered, buyers must look beyond the visible wear and tear on the jet’s interior and exterior and factor in when any expensive scheduled overhauls or inspections are scheduled to take place, and whether (or not) the aircraft has been enrolled on an hourly maintenance cost program or remains under manufacturer warranty. There can be less obvious maintenance needs, too, including signs of corrosion that ought to be checked for in the buying process.

All these factors and more will have a significant effect on a final sale price agreed in a Cessna Citation Latitude transaction.

Does the Number of Cessna Citation Latitudes for Sale Matter?

Other specifics that can have a direct effect on an aircraft’s value on the used market include the percentage of an aircraft’s fleet that is for sale, along with the age of its airframe and engines. Generally, newer aircraft (i.e., those aged five years and younger) tend to generate more interest in the marketplace, assuming they have been well maintained.

Combined with a relatively small proportion of the fleet being on the market, this may give the seller a stronger case for obtaining a higher sale price, especially when the market is active and healthy.

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

What Else Should a Citation Latitude 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.

The operating costs associated with a newer model Citation Latitude will differ from those of an older model, and buyers are advised to seek professional advice to get a fuller picture of the projected operating costs prior to buying their jet.

View the Cessna Citation Buyers' Guide on AvBuyer

How Does the Citation Latitude Compare With Other Aircraft?

Check out our Cessna Citation Latitude Jet Comparison articles by industry expert, Mike Chase, here:

• Citation Latitude vs Citation Sovereign vs Hawker 850XP
• Hawker 850XP vs Cessna Citation Latitude
• Hawker 900XP vs Cessna Citation Latitude