When purchasing one of two identical or almost identical aircraft, if one of the aircraft were discovered to have damage history, even though all repairs were done to factory specifications, would you pay the same amount to buy that aircraft than the almost identical aircraft with no damage history? We think not.
A professional appraiser from Aircraft Appraisers International can help you, the buyer, not make the mistake of paying too much for your aircraft purchase. We will provide a very important, impartial, third party evaluation of the current fair market value (not the dated, less accurate Blue Book value).The professional appraiser can spot aircraft damage and then thoroughly evaluate whether or not the repair was accomplished within factory specifications after a thorough review of the aircraft log books and on-site aircraft evaluation. We at Aircraft Appraisers International can then put together an aircraft appraisal that takes in the effects of such damage and how it will effect the true current market value prior to aircraft purchase, thus saving you, the buyer, possibly thousands of dollars.
When selling an aircraft with a history of damage, the seller wants the selling price to reflect the true condition of an aircraft that has had all repairs performed to factory specifications. Additionally, that all work was performed by competent, qualified individuals, with the flight characteristics remaining just as before. Many times it becomes very hard to tell the difference between a repair and original factory workmanship. An aircraft appraisal performed by Aircraft Appraisers International can aid the seller of an aircraft by providing the potential buyer with an un-interested, third party professional opinion as to the true current market value. This has, in the past, greatly reduced the time between listing an aircraft for sale and the actual sale.
Buyers want the aircraft to reflect accurately the damage the aircraft has received and sellers want the aircraft to reflect work performed, leaving the aircraft in just as airworthy a condition as it was prior to the mishap, with the only difference being the paperwork statements regarding the repair. Other means of accounting for such events, such as “book values”, reduce the value of all components of an aircraft by a total percentage! The “book” reduces the total value of an aircraft, not taking consideration for such things as new avionics, and reduces all components of the aircraft by the percentage used for a damage reduction!! This is one reason that the National Deposit Insurance Company (NDIC), government agencies, and all courts in the land recognize NAAA member appraisals as the TRUE legal document for determining an aircraft’s value.
SUPERFICIAL DAMAGE HISTORY:
Slight dings generally associated with hangar rash, etc., which have been repaired via replacement of damaged areas with new/used serviceable components (wing-tip caps, wheel pants, plastic, etc.).
MINOR DAMAGE HISTORY:
Ostensibly minor damage or heavy wear to leading edges of wing, wing-tip, cowling, etc. which have been repaired in a manner consistent with manufacturer’s recommended procedures. No major structural components were involved.
MODERATE DAMAGE HISTORY:
Extensive damage to components not affecting major structural components.
MAJOR DAMAGE HISTORY:
Major structural component damage but replaced with new/used serviceable components and repaired in accordance with manufacturer’s recommended procedures, (i.e.: wing spar, fire-wall & engine mounts, etc.).
EXTENSIVE MAJOR DAMAGE HISTORY:
Major structural components have been extensively damaged but repaired in accordance with manufacturer’s recommended procedures.