You need to determine current market value or the forecasted residual value of an aircraft at different points of its life. You may need to get such information when you want to buy an aircraft, when you want to sell one, when you want to understand its market history, when getting insurance for it, getting a loan on an aircraft, and many other reasons. You need to find reliable airplane appraisal services so that you will be making a decision based on accurate information. Herein are some guidelines for choosing airplane appraisal services that you can follow.
You need to determine the level of reliability of particular aircraft appraisal services. The airplane appraisal services that you get should provide accurate projections and data. Ensure that you are getting USPAP compliant appraisals so that you can determine the current market value or the forecasted residual value of an aircraft at a time. You’re also likely to get more reliable information on work with an experienced company in this field.
The ease of getting the required aircraft valuations is also a detail that you need to consider. It can be helpful when you find a company that provides real-time online valuations so that it is possible for you to access the information you need when you need it and from any location. This provision is made possible when you find a company that offers its subscribers access to a complete database of different aircraft models so that you can evaluate by yourself. Such a company also gives you a tutorial of how to use its database to determine the value of your aircraft.
The range of aircraft types whose valuation services you can get from a particular company is another essential detail to consider. You should choose a company that has a database of as many aircraft models as possible since you will likely find the information you need concerning your kind of aircraft. You should also get appraisal services for engines, support equipment, inventories, spares, fixed base operations, and antique aircraft and artifacts.
It is crucial to establish whether you can get other services from a company that offers aircraft appraisal services. You can be in a situation where you need other services that are related to aircraft appraisals. You should get your aircraft appraisals from a company that can provide you with such additional services. This includes services such as litigation and expert witness services as consulting witnesses, testifying in court, depositions and deposition support. Such a company can use its thorough knowledge and expertise combined with investigative skills to provide such services.