The Piper Apache (PA-23) is a classic, affordable light twin from the 1950s–60s — one of the most economical ways into twin ownership or multi-engine training, with gentle manners.
Key takeaways
- Affordable twin: among the cheapest twins to buy.
- Gentle and forgiving: a docile multi-engine trainer.
- Older airframe: condition and corrosion matter.
About the Piper Apache
The Apache pairs two Lycoming O-360 engines with a rounded, sturdy airframe, cruising around 150 knots. It's an economical twin and popular for ME training, though as an older type it rewards careful inspection of engines, corrosion, and records. Low prices can affect financing.
| Specification | Piper Apache |
|---|---|
| Type | Light piston twin |
| Engine | 2 × Lycoming O-360 (~150–180 hp each) |
| Cruise | ~150 knots |
Typical used price (2026): ~$40,000–$95,000. Condition, avionics, and engine time drive value within that range.
Is the Piper Apache Right for You?
The Piper Apache suits owners who want twin-engine redundancy, capability, or a platform for multi-engine training. It's a bigger commitment than a single — two engines to maintain and insure, and a multi-engine rating — so weigh the capability against the real operating cost.
Ownership & Operating Costs
- Fuel: two engines burn roughly double a single.
- Insurance: higher than a single; sensitive to multi-engine time.
- Two engine reserves: reserve per hour toward each overhaul.
- Maintenance: more systems and two powerplants than a single.
For a full framework across models, see our aircraft ownership cost guide.
What to Check When Buying
Evaluate both engines' times and compressions, the gear and any pressurization, damage history, and complete logs — and get a bindable multi-engine insurance quote before you commit. Use a twin-experienced shop.
Financing a Piper Apache
A Piper Apache finances as a piston twin — around 20% down over 15–20 years — with lenders weighing two engines and insurance priced on your multi-engine time and rating. Jaken Aviation is a brokerage, not a lender — we shop your loan across a national network of aviation lenders.
Prices, specifications, and financing figures are illustrative for the 2026 market and are not offers of credit. Jaken Aviation is a licensed aircraft financing brokerage — a division of Jaken Finance Group — and does not make loan decisions. All financing is subject to lender approval.
Frequently Asked Questions
Is a twin like the Piper Apache worth the extra cost?
It depends on your mission. A twin adds redundancy and capability but roughly doubles fuel and adds a second engine to maintain and insure. Budget the full operating picture.
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