Buying a private jet that comfortably seats 12 passengers typically requires an investment in the "Super Mid-size" or "Heavy" jet categories, with prices ranging from $15 million to over $65 million. For a brand-new, top-of-the-line aircraft like the Gulfstream G280 or a Bombardier Challenger 3500, you can expect to pay between $25 million and $35 million. If you are looking for an ultra-long-range "Heavy" jet like a Global 7500 or a Gulfstream G650—which can be configured for 12 to 19 people—the price tag for a new model can easily exceed $75 million. For budget-conscious buyers, the pre-owned market offers more accessible options; an older but well-maintained Challenger 604 can be found for around $5 million to $7 million, while a mid-2000s Gulfstream G550 might retail for $15 million to $20 million. It is crucial to remember that the purchase price is only the beginning of the financial commitment; ongoing operating costs (including crew salaries, maintenance, insurance, hangar fees, and fuel) can easily run between $1 million and $3 million per year, meaning that owning a 12-seater jet is a multi-million dollar commitment both at the point of sale and throughout its operational life.