The Aircraft
Appraisal is a Valuable Tool.
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To the Buyer, the appraisal is an impartial professional opinion as
to the value of
the particular aircraft they are planning to purchase. Further, the appraisal
can
assist in expediting the sale of the aircraft because the buyer and seller
know the
fair market value and relative condition of the aircraft through the independent
appraisal. |
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To the Seller, the appraisal gives them the confidence of knowing the
condition
and the current fair market value of their aircraft. |
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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.
Anatomy of 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. Utilizing 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.
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Detailed examination of airframe, engines, props, instrumentation, avionics
and
all relative systems. |
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Careful review of aircraft documentation including log books etc.. |
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Computer analysis of relevant data. |
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Sealed Certificate of Appraisal with detailed computerized report submitted
to
client. |
What is the Purpose
of an Appraisal?
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To obtain a professional opinion of the present fair market value on
an aircraft. |
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To obtain a professional opinion of the value on an aircraft to be renovated
or
modified. |
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An expert opinion of the value of an aircraft is useful as a prudent
safeguard
against excessive Tax Assessments, Capital Gains and other taxes. |
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Appraisals are used to verify Damage Claims resulting from fire, hail,
windstorms, accidents and other disasters. |
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An appraisal may provide the basis for decision-making in the commitment
of
funds for acquisition. |
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Provides persuasive independent evidence of the condition of an aircraft. |
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Assist a prospective purchaser in obtaining financing or insurance. |
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Assist the financial institutions by substantiating the nature and value
of the
aircraft as it relates to collateral. |
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Assist the financial institution by supporting the Loan Portfolio for
examination
by the Loan Committee and/or Bank Examiner. |
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Distinguishes sellers aircraft from others that may be listed for sale.
should
reduce the time required to sell an aircraft by 50%. |
How Much Will
the Aircraft Appraisal Cost?
Fees will vary depending on the size of the aircraft and the length
of time involved in completing analyses of all relevant data.
How long will
it take to Complete the Report?
One must allow sufficient time for the appraiser to do a thorough
job. The appraiser may spend a short time actually inspection the aircraft,
but will spend considerable time researching data. The Certificate of Appraisal
and Inspect Data Sheet Analysis of the Appraisal is issued after the physical
inspection of the aircraft has been completed.
Standards of
Professional Practice and Conduct.
The National Aircraft Appraisers has established rigid standards
of professional practice and conduct to which every Association Member
must adhere. It is essential to all parties receiving and relying upon
appraisals that these standards be meticulously maintained.
Conclusion.
The National Aircraft Appraisers Association provides a broad range
of service to the Aviation Industry through its Professional Approach to
Aircraft Valuations. Bankers, Insurers, Purchasers, Sellers, and owners
immediately recognize the value of an Independent Aircraft Appraisal.
