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 [...]
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 [...]
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 [...]
According to Investopedia and VREF, an small piston aircraft can cost anywhere from $8,000 to $300,000, depending on the make, model, and features 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 [...]
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. VREF will [...]
The joy of taking flight is one like no other. The business of getting to that take off, though, can be another matter. The purchase or sale of an airplane isn't exactly an everyday sale. For many buying or selling an aircraft, it'll be their first time at the rodeo. That's all the more reason to be prepared when getting into an aircraft transaction. Hiring an aircraft appraiser is an integral part of the aircraft transaction process. If [...]
MEDIA RELEASE March 2019 VREF Aircraft Reference Value & Appraisal Services Announces Partnership with AIC Title Service for VREF Verified Reports. VREF Aircraft Reference Value & Appraisal Services, the leading provider of aircraft valuations, celebrates its 25th Anniversary by announcing a strategic partnership with AIC Title Service (AIC). VREF and AIC are excited to be offering a comprehensive report that includes both an aircraft’s value statement as well as its title records. VREF Verified Reports provide buyers and [...]
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 damage? 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 [...]
In 2016, there were just over 56,000 helicopters in the world. Over half of these were designated military helicopters. With such a low number of helicopters in the world, the aircraft tends to hold its value. However, the pricing range of helicopters can vary greatly. Costs can range between $37,500 for small, single-person helicopters to $21,000,000 for an AgustaWestland AW101. But how do you determine the value of a helicopter? Which factors determine aircraft values? Keep reading to learn 4 [...]