7 things to consider when consulting with an aircraft appraisal company

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 to find out what you need to consider before selecting an aircraft appraisal business to work with.

1. Association Memberships

Being a member of an association isn’t required, but it shows a company cares about their business and is actively working with other members within it.

Always make sure the associations a company is affiliated with are large and well-known, like the National Association of Fleet Administrators.

2. Proper Certification

A company has to meet certain standards to be certified by an outside group. This certification can be taken away, which is why you want to find a company that’s willing to work hard to keep it.

3. High Standards

If you’re looking for a sign of an outstanding appraisal company, look for one that holds themselves to high standards beyond what’s needed for certification.

This is the type of company you want to work with because they’ll always go above and beyond to ensure their job is done properly.

4. Strong Ethical Values

Even companies that look good on paper can be less-than-ideal to work with in real life if they don’t have strong morals.

Look for a company that strictly does aircraft appraisals and isn’t involved in any sales or purchase of these vehicles. If they are, they may inflate estimates to get more money or to scare buyers away from a great deal.

5. Training Completed

Not just anyone should become an aircraft appraiser. So, you’ll want to make sure the company you work with has people in place that had previous experience around aircraft before they completed their appraisal training.

6. Detailed Reports

You’re paying for an aircraft appraisal, so make sure you’re getting the most detailed report possible. Don’t be afraid to ask for a sample before committing and make sure it’s more than just a few pages long.

When a more detailed report is made, it means the appraisers did their homework and there won’t be any surprises down the road.

7. Positive Peer Reviews

It’s important to look at what other companies are saying about the aircraft appraisal company you’re looking into. When industry leaders trust their expertise, you can too.

Looking for an Aircraft Appraisal Company?

Now you know seven things to look for in an aircraft appraisal company. As you can see, each of these is important to ensure you’re not wasting your money when making such a large purchase.

If you’re looking for a company that meets all of these criteria, contact us today. One of our certified professionals will be more than happy to show you how we can make a difference in your decision.

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