VREF FAQ

General Information

An appraisal is a professional assessment crucial for various stakeholders to understand the true market value and condition of an aircraft. It is essential for bankers to substantiate the value as collateral for loans, sellers to confirm their aircraft’s current fair market value, and buyers to verify the value and condition of a potential purchase.

The purpose of an appraisal ranges from providing a professional, independent valuation of an aircraft for market valuation or pre-upgrade assessment to supporting decision-making in aircraft acquisition or disposition. Appraisals are crucial for verifying damage claims, assisting in financial planning, and ensuring regulatory compliance.

VREF can appraise a wide range of aircraft types, including:

  • Aircraft Parts and Inventory
  • Commercial Jets
  • Donations with Signed IRS Form 8283
  • Engines
  • Executive/Business Aircraft
  • Experimental Aircraft
  • Fixed-Base Operation (FBO)
  • Hangar
  • Helicopters (Piston and Turbine)
  • Light Sport Aircraft
  • Piston Fixed Wing
  • Regional/Commuter Planes
  • Turbo Props

VREF Online

VREF Online is an online digital platform that provides subscribers with instant access to VREF’s comprehensive aircraft valuation databases and tools. It offers real-time data, including aircraft specifications, market trends, price forecasts, and historical data, allowing users to make well-informed decisions quickly and efficiently. This service is ideal for those needing immediate information for buying, selling, or financing aircraft.

Appraisal Process and Standards

Yes, all VREF appraisals comply with the Uniform Standards of Professional Appraisal Practice (USPAP), ensuring credibility and reliability in our appraisal processes.

When selecting an appraiser, consider the following to ensure you receive high-quality service:

  • Verify the appraiser’s insurance and professional credentials.
Inquire about their educational background and specific experience with your type of aircraft.
  • Confirm membership in a professional appraisal society that mandates rigorous training, testing, and accreditation.
  • Ask if they hold a special designation from an appraisal society and about the continuing education they pursue to stay current.
Ensure they adhere to the Uniform Standards of Professional Appraisal Practice (USPAP).
  • Discuss their fee structure and what it is based on.
  • Choosing VREF means partnering with accredited professionals who not only meet but exceed these standards, ensuring that your appraisal needs are handled with utmost expertise and ethical consideration.

As a leading body in professional valuation services, the ASA ensures that its members are among the most qualified in the field. Achieving the status of an Accredited Senior Appraiser means our team has met stringent educational and professional standards, akin to the highest academic achievements in other fields. Applicants must undergo educational courses, extensive testing, and assessments to prove their knowledge within a specific discipline.

Specific Services

An aircraft valuation provides a snapshot view with essential information in a concise format, ideal for quick assessments. An aircraft appraisal is a comprehensive, detailed report suitable for stakeholders requiring in-depth documentation for financing, legal transactions, or significant investment decisions.

A VREF Verified Aircraft Value Report provides a detailed, on-demand overview of an aircraft’s value and history, crucial for making an informed purchase. This report includes data on the aircraft’s past incidents, current market standing, ownership history, performance specifications, and overall condition, ensuring you make a well-informed decision.

This report is invaluable for anyone involved in the acquisition or sale of an aircraft, from first-time buyers to seasoned investors and financial institutions, providing detailed insights to ensure a secure and informed transaction.

  • Leverage VREF’s Expertise For Your Next Aircraft Purchase
  • Order your VREF Verified Aircraft Value Report today and step into your next aircraft purchase with confidence, backed by the accuracy and integrity of VREF’s unrivaled aviation data.
  • Order Now and secure the intelligence you need to make the best possible decision.
  • VREF is not affiliated with Aircraft Bluebook™. All trademarks used are the property of their respective owners.

Availability and Access

Yes, VREF maintains a comprehensive database of over 800 aviation models, ensuring detailed and specific reports for a wide range of aircraft, supporting effective decision-making regardless of the aircraft type.