Frequently Asked Questions
How to Determine a Fair Price for Your Aircraft?
This article was written by Mike Simmons, President of Plane Data, Inc. and originally published in the February 2002 edition of The Aviation Consumer. Setting the right price for a used aircraft can be complex and often debated among enthusiasts. Whether you’re selling, buying, or evaluating
Are There Dangers in Over-Insuring an Aircraft?
If you’ve ever experienced physical damage to your automobile, chances are you’ve experienced firsthand how auto policies are handled. These policies are generally written on an Actual Cash Value basis in which the payment made in the event of a total loss is adjusted for
How to Determine an Aircraft’s Market Value?
One of the most overlooked and misunderstood attributes in the purchase of an aircraft is its “market value” which may be very different from the negotiated price. This issue usually arises because of problems that have not been revealed or otherwise considered. Generally, buyers would
How Important is Proper Documentation When Financing an Aircraft?
Occasionally when I perform an appraisal for a bank, the current owner or perspective buyer wants to hang around to see what is involved in an aircraft appraisal. Normally, this is not a problem and they can provide some useful information if questions come up.
What should you know before hiring an aircraft appraiser?
One of the factors which impacted both the S&L collapse of the ‟80s and the real estate crisis early in the 21st century was artificially inflated evaluation reports from supposedly professional real estate appraisers. Aircraft financing has been impacted just as seriously even though this