30 05, 2019

How Do Engines Affect Airplane Values?

By |2019-07-08T17:19:13+00:00May 30th, 2019|Educational|

A significant appraisal component for aircraft is something you can't tell from the first glance. Whether you're comparing Air Force One to a Beechcraft, engine quality is crucial for airplane values. When you drive that new shiny car off the lot, maintaining its engine's upkeep is at your sole discretion. A lot of us enjoy washing the outside every weekend but are maybe driving around with the oil light on. It ends up not mattering much anyway. Prospective buyers are more concerned about door dings and smell before asking about [...]

30 05, 2019

A simple guide on how to conduct an aircraft valuation

By |2019-06-03T14:35:07+00:00May 30th, 2019|Educational|

People think shopping for a car is tough, but shopping for a plane is on a whole other level. And, if you're new to aviation, there's a lot of that can get tricky. Do you know about aircraft valuation? Don't let the buying process get the best of you, read this quick guide before you start shopping! Aircraft Valuation Things To Consider Just because it has wings, an engine, and is reasonably priced it doesn't mean it's the plane [...]

29 05, 2019

How to Know When It’s Time for a Private Jet Upgrade

By |2019-05-29T20:20:20+00:00May 29th, 2019|Uncategorized|

If you've got a private jet, congrats. You're one of a very select few people who do. Having a private jet is a unique joy. Skipping TSA security checks, avoiding cramped quarters, and traveling on your own schedule are all perks that justify any expenditure. But what if your experience is lacking? It might be time for a private jet upgrade. If you're thinking it's time to revamp your jet but aren't sure, look no further. Here are [...]

29 05, 2019

How Regular Maintenance Can Preserve Your Small Plane Investment

By |2019-05-29T20:17:50+00:00May 29th, 2019|Educational|

According to Investopedia, an aircraft can cost anything from $8,000 to $300,000, depending on the make, model, and size of the plane. But before you buy yourself a small plane, you need to make sure you know about all the costs of a plane and how to maintain your plane, so check out our useful guide now. How Much Does an Airplane Cost? The upfront cost of a light aircraft depends on what type of plane you get. Typically [...]

29 05, 2019

What Is the Best Personal Aircraft to Buy in 2019?

By |2019-05-29T20:13:49+00:00May 29th, 2019|Educational|

When buying an aircraft for personal use, there is a litany of factors that will go into your decision-making. Whether your intentions are to take day trips for the weekend or intercontinental excursions, finding the best personal aircraft to meet these needs will come at wildly different price points. In addition, the number of passengers and on-going costs for the aircraft can affect your decision. Keep reading for a breakdown of various examples for the best personal aircraft [...]

29 05, 2019

What Is the Income Approach to Aircraft Appraisal?

By |2019-05-29T20:07:42+00:00May 29th, 2019|Educational|

When it comes to learning the value of anything you own, the process seems to become more difficult by the year. One thing that you'd probably be having trouble with is how to appraise the value of your aircraft. It can be difficult to find out the process that goes into learning the value of an aircraft, and that leaves many aircraft owners confused as to what steps they should take, especially when they need to know the income [...]

29 05, 2019

What Private Jet Has the Lowest Fuel Consumption Rate?

By |2019-05-29T20:04:54+00:00May 29th, 2019|Uncategorized|

If you think it costs a lot to fill up your car's gas tank, then can you imagine the average cost to fill a jet? Fuel consumption rate matters! If you're in the market for a new private jet, then you need to know the importance of this critical jet feature. Are you ready to get all the details about fuel consumption? Then keep reading to find out! Fuel Consumption Rate: Why Does it Matter? Why should you [...]

27 05, 2019

VREF Aircraft Value Reference & Appraisal Services 2019 Q2 Newsletter

By |2019-05-27T20:01:28+00:00May 27th, 2019|Educational, Newsletter|

  It’s hard to comprehend we are half way through the year already. Time flies when you are having fun, or should we say passionate about your job. Its passion that drives VREF to be the best it can be every day. The staff at VREF (we are growing quicker than we can report, more on this subject later in the newsletter) eats and sleeps aviation. We are committed to the industry and more importantly we are committed [...]

26 05, 2019

7 things to keep in mind about the USPAP standards

By |2019-05-26T17:04:14+00:00May 26th, 2019|Educational|

In 2018, the number of air carriers and general aviation aircraft in the US were just under 212,900. Agents who offer aircraft appraisals are governed and called to the highest standards of professional ethics by the Uniform Standards of Professional Appraisal Practice (USPAP). The standards focus on ethical and performance expectations. They also provide strict guidelines, rules, regulations, and requirements for all experienced aircraft appraisers to ensure they offer USPAP endorsed aircraft appraisal. Aircraft appraisal companies offer training, testing, [...]

26 05, 2019

7 things to consider when consulting with an aircraft appraisal company

By |2019-05-26T17:00:58+00:00May 26th, 2019|Educational|

If you're considering buying an aircraft, you'll want to involve an appraisal companyfrom the beginning. That company should: Be a member of an association Have proper certifications Adhere to high standards Focus on ethics Include highly-trained individuals Provide detailed reports Get excellent peer reviews This will help ensure the investment you're making is a good one and that you're not going to face any unpleasant surprises in the near future. To protect yourself and your investment, keep reading [...]