If you want to own an elegant and efficient private jet, but you don’t want to break the bank, luckily, you can still fly in style! Even though the market is full of great aircraft, today we’ll be talking about the best private jets under $20 million, ranked by price from highest to low.
Even though we’ll be looking at 11 different jets, let’s answer the main question immediately:
What is the best private jet under $20 million?
Currently, the Embraer Legacy 500 is the best private jet under $20 million – in this case, costing exactly $20 million.
As you can see in the bar chart above, the top 3 best private jets under $20 million are the Embraer Legacy 500 ($20 million), the Embraer Praetor 500 ($16.4 million), and the Cessna Citation XLS GEN2 ($15.5 million).
Check out the full article below to learn more about them, as well as the other contenders on our list of the top 11 best private jets under $20 million!
1. Embraer Legacy 500 – $20 Million
Image Courtesy of 玄史生
If you’re looking for something that hits the $20 million mark, this is it – the Embraer Legacy 500 is the best private jet under $20 million, costing exactly that, with a lot of features you would want in a private jet, including heated and reclining seats, as well as an overall ergonomic design – your comfort in mind!
It is one of the most popular private jets around, not only because of its price tag but also due to its maximum range of 3128 nm, meaning you and your 11 passengers can do a non-stop flight between the west and east coast.
2. Embraer Praetor 500 – $16.4 Million
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The Embraer Praetor 500 is one of the best business jets under $20 million, with a price tag around the 16.5$ million mark. It can accommodate 8 passengers and has a maximum range of about 3340 nm (around 7 hours worth of flying).
It’s the updated version of the Legacy 450 and comes with a better range, more fuel, and a cabin capable of enduring a higher altitude. Commodities like wi-fi, air conditioner, berthable seatings, and accent lighting make it a great choice, for a great price!
3. Cessna Citation XLS GEN2 – $15.5 Million
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The first non-Embraer aircraft on our list, the Cessna Citation XLS GEN2 only costs $15.5 million. It is the second generation of the XLS series, with a redesigned first-class cabin for superior comfort – enhanced lighting, ergonomic leather seats, and much more.
With a maximum range of 2100 nm, this aircraft can accommodate 12 passengers and reach 507 miles per hour, mainly due to its Pratt & Whitney high-bypass engines.
4. Gulfstream G-V – $12 Million
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One of the oldest private jets on this list, the Gulfstream G-V is one of the greatest business jets under $20 million, costing about $12 million. It was produced between 1995 and 2002 and it was the best response Gulfstream had to fight the Bombardier Global Express.
It is an ultra-longe range jet, with a maximum range of 6750 nm. It can also take up to 16 passengers, inside its three cabin zones.
5. Learjet Liberty 75 – $9.9 Million
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The Learjet Liberty 75 is a prime example of a quality jet with a price tag of just under $10 million.
With its maximum range of 2080 nm, you can easily fly from Las Vegas to New York, nonstop. You can also fly with peace of mind knowing this jet is one of the aircraft that best adheres to safety standards. Lastly, this Bombardier can accommodate 9 passengers, comfortably.
6. Embraer Phenom 300 – $9 Million
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The 3rd Embraer on our list, the Phenom 300 is part of the best private jets below $20 million, with a value of about $9 million. As you can see, Embraer is known for great jets at economic prices, and the Phenom 300 is no exception. With a maximum range of 2000 nm, its cabin oval design brings a spacious feeling you won’t see in most jets.
With a max speed of 520 miles per hour, this aircraft can carry 7 passengers and 2 crew members, and it was the most delivered business jet between 2013 and 2015.
7. Pilatus PC-24 – $8.9 Million
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The Pilatus PC-24 is one of the best private jets under $20 million, valued at just under $9 million. Its great strength is the ability to use small runaways, as well as following a turboprop structure with a great and spacious design of a medium private jet.
Like a flying penthouse suite, the PC-24 has a maximum range of nearly 2000 nm, with the capacity for 8 passengers and 2 crew members. It also has a private and fully enclosed lavatory, making it one of the best private jets for its price.
8. Dassault Falcon 900EX – $8.8 Million
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Valued at just about $8.8 million, the Dassault Falcon-900EX is one of the greatest and more economic jets around. The 900 is the development of the 50, and the EX is an update in terms of range, speed, and an all-glass flight deck.
In service since 1996, this model can fly 4501 nm, has some reliable TFE731-60 engines, and can also accommodate up to 12 passengers.
9. Beechcraft King Air 350i – $7.4 Million
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The Beechcraft King Air 350i, or “The Super King”, costs about $7.4 million and it is considered one of the finest business jets for a more economic value. In active service since 1972, the King Air series is the longest service active private jet in the world.
Made for domestic flying (maximum range of 1800 nm), this luxurious jet can carry 8 passengers and has a better fuel economy than most jets (even though it is a bit slower). This specific model is also used for critical missions, like air ambulance, and maritime patrol, among others.
10. HondaJet HA-420 – $5.5 Million
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The HondaJet HA-420 is not only one of the smallest private jets in the world but also one of the best in terms of more economic options, valued at only $5.5 million. This model can be piloted solo and can carry up to 6 passengers.
Its 2 GE Honda HF120 Turbofan engines give it the power to hit a cruising speed of 483 miles per hour and reach a maximum range of 1065 nm – a comfortable flight between New York and Chicago.
11. Stratos 716X – $2.5 Million
Image Courtesy of Stratos Aircraft
The last entry on our best private jets under $20 million, and the 5th smallest private jet in the world, the Stratos 716X only costs $2.5 million and it is the latest version of Stratos Aircraft.
Stratos has had a few certification issues with its last models, but the 716X is bound to compete with the Cirrus Vision Jet as one of the best and smallest private jets around. Powered by a single Pratt & Whitney Canada JT15D-5 engine, it can reach a maximum range of 1500 mn, while having all the comfort a first-class passenger deserves.
Fly High While Spending Low
As you can see, you don’t need to be the richest man in the world to buy a private jet. However, you still have to consider the costs of owning one – fuel, crew, hangar, maintenance, etc… That’s why we only recommend you think of getting one if your flight hours surpass the 220 annual hours. If that’s the case, enjoy our list! What’s your favorite?