What is the Purpose of an Aircraft Appraisal?
The purpose of an aircraft appraisal is to:
- To obtain a professional independent valuation of the current Market value of an
aircraft/asset - To obtain a professional independent valuation of an aircraft to be upgraded
- A professional opinion of the value of an aircraft is useful as a prudent safeguard
against excessive Tax Assessments, Capital Gains and other taxes - Appraisals are used to verify Damage Claims resulting from fire, hail, windstorms,
moving/non-moving incidents, and other natural/manmade disaster - An appraisal may provide the basis for decision-making in the commitment of funds
for acquisition/sale - Provides documented independent evidence of the condition of an aircraft or aviation
asset - Helps verify the selling or purchase price of an aircraft
- Assist a prospective purchaser in obtaining financing/leasing or insurance
- Assist the financial institutions by substantiating the current/future market values of
the aircraft as it relates to collateral - Assist the financial institution by supporting the Loan Portfolio for examination by the
Loan Committee and/or Bank Examiner - Establish value to be used by IRS for charitable contributions/donations
- What will a professional aircraft appraisal cost? Cost will vary contingent upon the
type aircraft/asset to be appraised. Enclosed you will find a fee schedule