People think shopping for a car is tough, but shopping for a plane is on a whole other level. And, if you're new to aviation, there's a lot of that can get tricky. Do you know about aircraft valuation? Don't let the buying process get the best of you, read this quick guide before you start shopping! Aircraft Valuation Things To Consider Just because it has wings, an engine, and is reasonably priced it doesn't mean it's the plane [...]
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. Here are [...]
According to Investopedia, an aircraft can cost anything from $8,000 to $300,000, depending on the make, model, and size 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 plane you get. Typically [...]
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 breakdown of various examples for the best personal aircraft [...]
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 [...]
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 [...]
It’s hard to comprehend we are half way through the year already. Time flies when you are having fun, or should we say passionate about your job. Its passion that drives VREF to be the best it can be every day. The staff at VREF (we are growing quicker than we can report, more on this subject later in the newsletter) eats and sleeps aviation. We are committed to the industry and more importantly we are committed [...]
In 2018, the number of air carriers and general aviation aircraft in the US were just under 212,900. Agents who offer aircraft appraisals are governed and called to the highest standards of professional ethics by the Uniform Standards of Professional Appraisal Practice (USPAP). The standards focus on ethical and performance expectations. They also provide strict guidelines, rules, regulations, and requirements for all experienced aircraft appraisers to ensure they offer USPAP endorsed aircraft appraisal. Aircraft appraisal companies offer training, testing, [...]
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 [...]
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 [...]