A Guide to Aircraft Appraisal
There is great value in making sure that all the parties that are involved in the transaction of a given aircraft be assured of the comfort that they desire. You will note that this will often be achieved through an aircraft appraisal. You will certainly appreciate an aircraft appraisal that is as comprehensive as possible. You will discover that there are three most common types of aircraft appraisal. These appraisals will often cost different values. You will actually learn that these appraisals often seek to address different aspects. Usually, they will comprise of the following.
We usually have the bluebook kind of valuation. You will learn that it will usually cover about ninety percent of your needs. This indicates that a good number of transactions will often be carried out with such kind of appraisals. You will learn that it will often rely on old data. It is for this reason that it might turn out to be hard for the values of upgraded avionics to be accurately captured. It is however known to be relatively more cost efficient as compared to other forms of appraisals. This is brought about by the fact that it does not take into consideration certain fluid aspects such as the status of demand as well as supply. In extension, this will show that the value of indicated will either be above or below the cutline.
We also have the desktop appraisal. It will often be carried out by a proficient appraiser. This appraisal will often consider the current market value. This will often include the study of the various trends within the market. You will note that this is a more accurate approach. You will realize that it will often consider a single plane at a given time. It is much more preferred for lighter jets. This kind of appraisal will involve checking the maintenance program of this given aircraft. It is necessary for you to understand that this approach will cost you more than the bluebook valuation. The cost will usually be between 500 and 600 dollars.
There is also the physical appraisal too. It is a method that is actually applauded for its invasiveness unlike the other approaches. This kind of appraisal is the most recommended. The appraiser will often conduct a very thorough job. This will usually include checking the maintenance and engine logs. It is much more appreciated for any unique aircraft. You will learn that this form of appraisal will every so often be done on site. It is for this reason that it is relatively more expensive. It will often cost you between 2000 and 3000 dollars.