You need to determine current market value or the forecasted residual value of an aircraft at different points of its life. For instance, you will need airplane appraisal services when you need to buy or sell one, when you need to ensure your airplane, or when you want to get a loan using the aircraft as collateral. Getting reliable airplane appraisal services is essential 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. You have to ensure that you are getting USPAP compliant appraisals when determining the current market value or the forecasted residual value of an airplane. 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 is made possible when you find a company that provides its customers access to a complete database of different aircraft models so that you can make an accurate evaluation of your aircraft by yourself. The company also gives you a guide to help you through its database so that you will make an accurate evaluation.
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. It is not unusual to need additional services that are related to aircraft appraisal. You should get your aircraft appraisals from a company that can provide you with such additional 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 in-depth knowledge and expertise coupled with superior investigative skills to make this possible.