26 05, 2019

5 Essential Principles in the ASA Code of Ethics

By |2019-05-26T16:59:06+00:00May 26th, 2019|Educational|

There are around 300,000 in-service aircraft in the US fleet today. Valuation of each of these crafts is an important tool for anyone who owns or wants to buy a craft. Getting the right appraisal helps secure loans and sales. Appraisals are an important part of financing for the industry. It only makes sense that aircraft appraisers are held to the highest standards. One of those standards is the American Society of Appraisers’ code of ethics. The ASA [...]

24 05, 2019

What Is the Sales Comparison Approach to Aircraft Appraisal?

By |2019-05-24T17:00:53+00:00May 24th, 2019|Educational|

Purchasing an aircraft is a significant undertaking. Shoppers need to be well-informed to get the best deal. Did you know that the price of a private jet ranges from $3 to $90 million? In addition, there are many other kinds of aircrafts that can be purchased at a cheaper price. Some are smaller planes, while others are used or refurbished. One way to secure a fair price is by getting a price appraisal done. The sales comparison approach [...]

23 05, 2019

5 Critical Elements of Helicopter Valuation

By |2019-05-23T16:08:52+00:00May 23rd, 2019|Educational|

Helicopters are a great investment simply because they retain most of their valueover time. But, a proper helicopter valuation will provide the true value of any helicopter on the market. Helicopter valuations are conducted by a professional aircraft appraiser. These inspectors will examine each helicopter, much like a home inspection, to ensure that the aircraft is meeting proper standards and is valued fairly. An inspection with negative marks, however, means that a buyer will have room to negotiate the [...]

17 05, 2019

What Is the Income Approach to Aircraft Appraisal?

By |2019-05-17T14:31:00+00:00May 17th, 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 [...]

13 05, 2019

Why You Should Involve a Professional Aircraft Appraiser During Purchase

By |2019-05-14T15:09:18+00:00May 13th, 2019|Educational|

Depending on the type, an aircraft can cost as much as $21,000,000. That’s a heck a lot of money! So why would you want to risk all that for an aircraft with hidden damages? Getting an aircraft appraiser is the best way to ensure that you get value for your money. You get to avoid overpaying for insurance and other related taxes. The appraiser will also help you better understand the type of aircraft you want to buy [...]

10 05, 2019

What Is the Income Approach to Aircraft Appraisal?

By |2019-05-10T18:31:42+00:00May 10th, 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 [...]

6 05, 2019

5 Things That Significantly Matter in An USPAP Appraisal

By |2019-05-06T14:06:22+00:00May 6th, 2019|Educational|

Imagine that you're trying to buy an aircraft and you get an appraisal that looks great. Then, you acquire the aircraft and you realize the valuation was way too high. This is a huge problem, especially when planes can cost upwards of $700,000! For most people, this would be enough to boil their blood. This is why it's so important to understand your USPAP appraisal and why it matters in this process. To avoid this, we've created a [...]

2 05, 2019

What Is the Best Personal Aircraft to Buy in 2019?

By |2019-05-02T20:37:31+00:00May 2nd, 2019|Uncategorized|

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 VREF  breakdown of various examples for the best personal [...]

2 05, 2019

What Private Jet Has the Lowest Fuel Consumption Rate?

By |2019-05-02T20:30:50+00:00May 2nd, 2019|Educational|

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 [...]