VREF Value Vector Newsletter 3rdQuarter 2019 The summer is quickly coming to an end, and we are preparing for the rollout of our new VREF platform. By the time this newsletter has gone to print, many of you will have gotten a sneak peek, or even participated in our initial beta testing. What began a year ago as a complicated project is now heading into the completion of Phase 1. VREF's new platform will be the benchmark for [...]
The cost of a new aircraft continues to rise with increased costs of labor along with the increased expense in components and raw materials. Commercial passengers often complain about the price of tickets to their travel destination, but those who are fortunate enough to charter a plane or buy one for the first time, are paying even more to avoid the dreaded security line. Airplane prices vary based on several factors, including size, passenger capacity, equipment, in-flight entertainment, amenities, [...]
Thinking that you want to trade a plane? It's not exactly like buying a car. There aren't dealerships around every corner, and it's a potentially risky investment that you want to be sure of a few things beforehand. But if you are looking at how to buy or trade a plane, there are a few tips that will keep your experience positive. Here are 5! 1. Think about Cost Vs. Safety If you're looking to trade a plane, it's [...]
You're looking for a professional appraisal of your valuable asset. It doesn't matter if this appraisal is going to be used for resale purposes, a potential purchase, insurance, or financing, you want to make sure the appraisal is USPAP compliant for a reason. How do you ensure that is the case? You choose an appraiser that is USPAP-compliant! Keep reading to learn what USPAP is and why it's important for your appraisal. What Is USPAP? USPAP is an [...]
Over the last 100 years, the aviation industry has tried their hand at a range of exciting new designs. There has been a shift, however from massive changes to smaller incremental improvements. IN other words, the aircraft in its most basic form it the same recognizable shape that it was when it was first invented. Hence, tomorrow’s airplanes are probably going to look similar to the ones we all travel on today. This design is because of the trouble [...]
You've always loved the look of military aircraft. Whether you're staring at them in a book, watching them fly through the skies, or viewing them at an airshow, military aircraft are nothing short of a big deal to you. That being said, you may have wondered what it would be like to own one of these incredible birds, or even if it's possible to buy one for yourself. We can fill you in on buying military aircraft for [...]
Do you have to be a celebrity like Oprah or Jay Z to own an aircraft? While owning a luxury jet may seem unattainable, there are ways for the average Joe to finance an aircraft, it just might not be a $45 Million Dollar Gulfstream. Despite what people think about aircraft and their values, there are aircraft for every budget. Are you a pilot without a plane? Have you completed the requirements to become a pilot and are wondering, [...]
What comes to mind when you think of a malicious actor conducting a cyberattack? Do you think of a person behind a laptop in a dark room located in some distant city trying to penetrate a network through known vulnerabilities created by weak security protocols? I bet you don’t think of someone trying to gain access to an airport, its hangers, or aircraft, for the purpose of conducting a cyberattack on an airplane's avionics. Well, you should, as [...]
An appraisal is an opinion of value, and it can be verbal or written. The truth is when it comes to appraising aircraft, the quality of the report is based on several factors, but what you are paying for is that appraisers experience. Hire the wrong appraiser, and your dreams of owning an aircraft will come to an end. Experience is not something you can google or research. It is only earned through decades of hard work and [...]
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