Factory built &
Fixed Wing Aircraft
How much is an aircraft worth?
Most of the private propeller aircraft are more than 30 year old. Over the years these aircraft have been modified, upgraded, and refurbished to the point where many look and perform like a new plane. But others have had less updating.
The very nature of older aircraft dictates that No Two Are The Same.
Maintenance accounts for a major portion of the cost of ownership. An aircraft due for a major overhaul is worth considerably less than one recently overhauled. Aircraft with a damage history have less value than a plane with a clean history.
The NAAA appraisal process and software fairly and objectively asses the value of components requiring routine maintenance and damage history.
Not only are there thousands of avionics types, manufactures, and model combinations but they differ widely in value.
Consequently avionics have a substantial impact on the aircrafts value. It is not uncommon for the value of avionics from one aircraft to another to differ by $100,000 or more Failure to consider the avionics would be a major error. The NAAA process does it right!
Quality of exterior finish:
Not only affects how the aircraft looks, it affect the aircraft's value. Paint quality not only affects appearance but aircraft performance. Variation here can be extreme, and significantly affects value. Again, the NAAA appraisal process does this objectively and fairly.
What is the engine worth?
The engine is the most critical part of the aircraft. Requiring routine maintenance and overhauls, engines are important. Again the same plane may have different engines.
The NAAA appraisal process utilizes a database of thousands of engine configurations and overhaul cost together with the current maintenance status of the planes engines to assess the engines contribution to the value of the aircraft.
When comparing professionalism, experience, knowledge, reliability, accuracy, technique, acceptance of reports by financial and government institutions, and overall quality of work, AircraftAppraisers.ca stands far above the competition.
Click here to learn more about the appraisal process.
John Polonenko is endorsed for the Uniform Standards of Professional Appraisal Practice.
John Polonenko is a member of the National Aircraft Appraisers Association.
ROMCO c/o John Polonenko, PO Box 31072, RPO Willow West Guelph, ON N1H 8K1 Canada
local: 519.822.2206 : john(at)aircraftappraisers.ca | AircraftAppraisers.ca (a ROMCO Company). Copyright ©2015