|
|
|
|
The Aircraft Appraisal is a Valuable Tool.
- To the Buyer, the appraisal is an impartial professional opinion as to the value of the particular aircraft one is planning to purchase. Further, the appraisal can assist in expediting the sale of the aircraft because the buyer and the seller know the fair market value and relative condition of the aircraft through the independent appraisal.
- To the Seller, the appraisal gives the confidence of knowing the condition and the current fair market value of the aircraft. Surveys show that aircraft with a Certified Appraisal sale 50% faster
- To the Banker, the appraisal documents the value, and condition of the aircraft. The appraisal also supports the banks collateral position in the aircraft loan.
It's been said that " An aircraft is worth what someone will pay for it." Therefore, when setting a selling price for something as valuable as an aircraft, more factual advice than that given by a well-meaning friend is both a necessity and just common sense. Of course, this is just as important on the corporate level. Costly mistakes can probably be avoided through the use of a Professional Aircraft Appraiser.
What is an Appraisal?
An appraisal is an impartial opinion of the value of an aircraft prepared by experts who know all the factors which make up the current behavior of the Used Aircraft market. It is an opinion of value based upon experience and repeated analysis of these factors. It is an opinion of value which can be substantiated and justified. It is an opinion of value made by a Certified, Recognized, Professional Aircraft Appraiser.
The Professional Aircraft Appraiser must acquire all the facts about the aircraft in question. The appraiser thoroughly examines the aircraft log books, inspects the exterior and interior of the aircraft and pays close attention to the present condition and the maintenance history of the aircraft.
The National Aircraft Appraisers Association's extensive Computer System, enables the appraiser to give accurate and prompt Aircraft Appraisals.
National Aircraft Appraisers Association Members Will Assure the Best Possible Information by Providing the Following Services:
- Detailed examination of airframe, engines, props, instrumentation, avionics and all relative systems.
- Careful review of aircraft documentation including log books, etc..
- Computer analysis of relevant data.
- Sealed Certificate of Appraisal with detailed computerized report submitted to client.
What is the Purpose of an Appraisal?
- To obtain a professional opinion of the present fair market value on an aircraft.
- To obtain a professional opinion of the value on an aircraft to be renovated or modified.
- An expert opinion of the value of an aircraft is useful as a prudent safeguard against excessive Tax Assessments, Capital Gains, and other taxes.
- Appraisals are used to verify Damage Claims resulting from fire, hail, windstorms, accidents and other disasters.
- An appraisal may provide the basis for decision-making in the commitment of funds for acquisition.
- Provides persuasive independent evidence of the condition of an aircraft.
- Assists a prospective purchaser in obtaining financing or insurance.
- Assists the financial institutions by substantiating the nature and value of the aircraft as it relates to collateral.
- Assists the financial institution by supporting the Loan Portfolio for examination by the Loan Committee and/or Bank Examiner.
- Distinguishes sellers aircraft from others that may be listed for sale. Should reduce the time required to sell an aircraft by 50%.