10 Reasons For An Aircraft Appraisal

Why do I need an Appraisal?

  1. To obtain a professional opinion of the present Fair Market Value on an aircraft.
  2. To assist a prospective purchaser in obtaining financing or insurance.
  3. To assist a financial institution in substantiating the nature and value of the aircraft as it relates to collateral.
  4. To assist a financial institution by supporting the loan portfolio for examination by the loan committee and/or bank examiner.
  5. To obtain a professional opinion of the value on an aircraft to be renovated or modified.
  6. To obtain a professional opinion of the value of an aircraft as a prudent safeguard against excessive tax assessments, capital gains and other taxes.
  7. To verify damage claims resulting from fire, hail, windstorms, accidents and other disasters.
  8. To provide the basis for decision-making in the commitment of funds for aircraft acquisition.
  9. To provide persuasive, independent evidence of the condition of an aircraft.
  10. To distinguish a seller’s aircraft from others that may be listed for sale.