1978 Piper Lance
Single Engine Piston
Aircraft Details
Seller reportedAvionics & Equipment
IFRPropeller
Installed New 11/2023
Exterior
White with Black/Gold Accents
Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.
Price Comparison Listed on multiple marketplaces
| Source | Price | Location | Listed | Days on Market | Status | Action |
|---|---|---|---|---|---|---|
|
New Century Air Service
controller.com
|
$195,000
|
New Century, KS | Mar 25, 2026 | 115 days | Active |
* Converted to USD at daily European Central Bank (ECB) exchange rates
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AeroGurus Data & Analysis
Independent data from FAA, NTSB, and market analysis
About This Piper Lance
This 1978 Piper Lance (N31397) is a 6-seat single engine piston with 3,584 hours on the airframe. There are currently 22 Lance aircraft listed for sale with asking prices ranging from $79,500 to $249,000. This aircraft is priced above the market average at $195,000.
The Lance cruises at 142 kts (263 km/h) with a range of 875 nm (1,620 km) — ideal for short hops and local flights. Service ceiling of 16,000 ft allows operation above most weather.
Operating costs: Fuel burn is 14 GPH (53 L/h), which at current 100LL avgas prices (~$6.20/gal) means approximately $87/hr in fuel alone.
FAA registration status: Valid. NTSB records show 0 incidents for this airframe — a clean safety record.
Pre-Purchase Checklist
Piper Lance — Model Specs
Model specificationStandard specs for this model. Actual aircraft may differ.
Estimated Cost of Ownership
AeroGurus estimatePIPER Lance
AeroGurus estimates based on industry averages for the PIPER Lance. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.
Ownership & Registration
Registered Owner
IAL CORP
Registration Address
LEWES, DE
Certificate Issued
2023-01-25
Airworthiness
1978-04-19
FAA Status
Valid
Source: FAA Aircraft Registry, updated Mar 15, 2026
Location & Ownership
Title Status
No FAA title records
Available for US-registered aircraft only
Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.
Safety Record
NTSB database checked for N31397.
Price History
Price vs Typical Asking Range
This asking price is above the typical asking range for this model, roughly $135,500–$195,000.
Based on current asking prices for comparable listings — asking prices only, not an appraisal or sale price.
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