Whats the value of my plane?
Determining the Value of your plane:
Hello, Jake Huling here with Aircraft Sales Advisor. I’d like to welcome you to the second report in a new series called, 9 Steps to a Successful Sale or Purchase of Your Plane.
In the last report we discussed the top complaints and frustrations that I hear from clients, customers, and new contacts all the time about the industry. We also talked about the industry's reputation and why that is sad because it really doesn't have to be that way. I told you about my approach, and why it’s different than what you've probably seen out there.
We also talked about commission rates and whether or not you could expect a standard commission in the industry. And the benefits and disadvantages of both using a broker and buying and selling a plane yourself.
In this second report I promised you we would go over how the industry determines the fair market value of a plane that you are looking to sell or buy, and what information you will need in order to do that. There are four important sources of information needed to get an accurate valuation of a plane and determine its value. So let’s take a closer look.
Blue Book Appraisal:
You've probably heard of this one. This like when you go to buy a car, and the dealer has that Blue Book in his back pocket that you never get to look at it. Well I am going to tell you what it says, and how to use that information to your advantage.