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. It is vital to find reliable airplane appraisal services so that your choice will be based on accurate information. Herein are some guidelines for choosing airplane appraisal services that you can follow.
One crucial factor to consider is the reliability of 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.
How easy it is for you to get the aircraft valuations that you require is something else that you have to consider. It can be helpful when you find a company that provides real-time online valuations so that it is possible for you to access the information you need when you need it and from any location. This is made possible by a company providing its subscribers access to a complete database of different aircraft models through which you can make an accurate evaluation 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. 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. It should also be possible to access appraisal services for inventories, spares, support equipment, engines, 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. At various times, you may need other services that are related to aircraft appraisal but are not exactly these services. It can help when you get your aircraft appraisal services from a company that can offer you other services. These services include litigation and expert witness services for depositions, deposition support, as consulting witnesses, and testifying in court. Such a company can use its in-depth knowledge and expertise coupled with superior investigative skills to make this possible.