The Value of upgrades:
Hello, Jake Huling here with Aircraft Sales Advisor. I’d like to welcome you to the fifth report in a new series called, 9 Steps to a Successful Sale or Purchase of Your Plane.
In the last report we discussed Selling a Plane on Your Own and the pros and cons of this approach. We also talked about the importance of keeping control of your information; how to handle brokers when they call you about the plane you are selling or wanting to buy. And why, when you are buying or selling a plane on your own, it’s so important to know your numbers. And to know why a plane is worth what you are asking, or is only worth what you are offering.
You can also check out the first video in this series were we cover the Top Complaints about Aircraft Brokers.
In this report we’re going to cover one of the more confusing factors when determining a plane's value. And that is aftermarket upgrades. And we really want to look at this from three different sides. One, is if you own a plane with upgrades, what they are worth. Two, if you own a plane and are thinking of adding upgrades, what makes the best type of upgrades and where should you spend your money. And three, if you are buying a plane, what upgrades you should be looking for and how much you should pay for them. So let’s take a closer look.