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. It is vital to find reliable airplane appraisal services so that your choice will be based on accurate information. Some of the essentials for choosing the best airplane appraisal services are those given below.
One crucial factor to consider is the reliability of aircraft appraisal services. It is vital to ensure that you are getting information that you can rely on to make your decisions. It is vital to get USPAP compliant appraisals when you need to determine the forecasted residual value or the current market value of an aircraft. 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. You need to find a company that provides real-time online valuations so that you can access the required information from anywhere and at the time when you need it. 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. The company also gives you guidelines and tutorials that help you navigate its database so that you can make an accurate evaluation.
You have to consider the variety of aircraft types that are covered by a particular aircraft appraisal company. A company that offers aircraft valuations services for different aircraft models is the best since you will likely get information for your particular kind of aircraft. You should also get appraisal services for engines, support equipment, inventories, spares, fixed base operations, and antique aircraft and artifacts.
Another essential element of consideration is the availability of additional services from a company that provides aircraft appraisal services. It is not unusual to need additional services that are related to aircraft appraisal. It can help when you get your aircraft appraisal services from a company that can offer you other services. Such services include litigation and expert witness services for depositions, deposition support, testifying in court, and consulting witness services. Such a company can use its thorough knowledge and expertise combined with investigative skills to provide such services.