Aircraft Appraisals
Are you thinking about buying or selling an aircraft? Do you own and/or operate an aircraft charter service, and you are thinking of updating your equipment? Getting an aircraft appraisal is necessary for both buyers and sellers. It safe guards the buyer against a bad purchase, and helps the seller determine how much to expect from the sale of their aircraft.
An aircraft appraisal is more than getting a Kelly Bluebook value for a plane or helicopter. It is an unbiased detailed look at the aircraft. Aircraft appraisals include a thorough examination of the aircrafts frame, paint condition, and interior. Aircraft appraisers look through all flight logs, maintenance history, and any other reports associated with the aircraft. They also take photographs of the plane or helicopter, complete an avionics inventory, and confirm the presence of any modifications done to the aircraft. The whole process takes anywhere from a couple of hours to a full day depending on the size and condition of the aircraft. Once the appraisal is finished it can take up to 10 days to receive an electronic version of the evaluation.
For both a buyer and a seller, getting aircraft appraisal gives peace of mind. A buyer receives an unbiased report from professionals regarding the aircraft they are considering. They have pictures, detailed written analysis, and in some cases a market comparison so a buyer can see what similar aircraft is selling for. An aircraft appraisal allows a buyer to buy with confidence.
Similarly, an individual or business looking to sell can take the guess work out of what to list their plane or helicopter at. Aircraft charters, for instance, can have an impartial view of the fair market value of their executive plane or fleet of planes. If they are looking to update their equipment, an aircraft appraisal can help them plan out those costs. An aircraft charter service can know how much they can expect to receive for an old plane, and therefore how much they can put towards the cost of a new one.
Aircraft appraisals are also important for accurate record keeping. The bank that holds the loan or lease on an aircraft can have an appraisal done should their client default and they have to go through bankruptcy proceedings. The bank avoids unnecessary risks by having accurate and professional information to hand. As the owner of an aircraft, having a detailed analysis of your plane or helicopter on file could make good business should you ever get audited.
Whether you are buying, selling, or just in need of keeping accurate records, aircraft appraisals are an important process to go through. They take the fear out of buying and the guess work out of selling. Before you go any further, have an aircraft appraisal done today.
An aircraft appraisal is more than getting a Kelly Bluebook value for a plane or helicopter. It is an unbiased detailed look at the aircraft. Aircraft appraisals include a thorough examination of the aircrafts frame, paint condition, and interior. Aircraft appraisers look through all flight logs, maintenance history, and any other reports associated with the aircraft. They also take photographs of the plane or helicopter, complete an avionics inventory, and confirm the presence of any modifications done to the aircraft. The whole process takes anywhere from a couple of hours to a full day depending on the size and condition of the aircraft. Once the appraisal is finished it can take up to 10 days to receive an electronic version of the evaluation.
For both a buyer and a seller, getting aircraft appraisal gives peace of mind. A buyer receives an unbiased report from professionals regarding the aircraft they are considering. They have pictures, detailed written analysis, and in some cases a market comparison so a buyer can see what similar aircraft is selling for. An aircraft appraisal allows a buyer to buy with confidence.
Similarly, an individual or business looking to sell can take the guess work out of what to list their plane or helicopter at. Aircraft charters, for instance, can have an impartial view of the fair market value of their executive plane or fleet of planes. If they are looking to update their equipment, an aircraft appraisal can help them plan out those costs. An aircraft charter service can know how much they can expect to receive for an old plane, and therefore how much they can put towards the cost of a new one.
Aircraft appraisals are also important for accurate record keeping. The bank that holds the loan or lease on an aircraft can have an appraisal done should their client default and they have to go through bankruptcy proceedings. The bank avoids unnecessary risks by having accurate and professional information to hand. As the owner of an aircraft, having a detailed analysis of your plane or helicopter on file could make good business should you ever get audited.
Whether you are buying, selling, or just in need of keeping accurate records, aircraft appraisals are an important process to go through. They take the fear out of buying and the guess work out of selling. Before you go any further, have an aircraft appraisal done today.