January 2016 Issue
Aircraft Appraisals: Field Research is Critical
Valuations based solely on price publications can lead to bogus price setting. Creditable appraisal reports accurately account for refurbishment and mods.
Buying aircraft, financing aircraft, or even leasing aircraft are processes dense enough to almost make you give up. Appraisal reports make it easier, but it is crucial to know your appraiser is NAAA-certified and working through an established aircraft valuation database. Why? Because aircraft price publications are the default resource for aircraft valuation, and they don't always account for refurbishment, avionics upgrades or aging airframes.
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