If you are a stakeholder in the aviation industry, it is about time that you went for a proper aircraft valuation, in case you have not done so. Prior to getting an insurance cover for your airplane, the underwriter will seek the opinion of an external party. Check www.vref.com for more info.
An aircraft valuation company will come hand during the time you are contemplating on selling your plane so that its worth can be known. Refinancing a loan will likewise require that an appraisal is undertaken. That shows how seriously you should take the role played by a valuation firm in your aviation business.
In carrying out the valuation of the plane, the firm will issue a written report to the party that requested it. In the document the reasons that justify the value arrived at will be given. A seller, buyer or lender can rely on the document as proof of the value of the airplane.
It is advisable to go for an aircraft valuation firm like www.vref.com that is certified by the relevant authorities. You will have the guarantee that the report that you hold is not biased and can be relied upon as an authority in the industry.
Several reasons will motivate a plane buyer to seek the services of aircraft valuation firm. One of the instances is when an insurance policy is required. If you are planning to add to your current fleet, it is necessary to obtain an appraisal so that you are in a better position when making the offer. In most cases a seller will be asking for a price that is way above the real value.
If you have an existing loan on your plane, it is prudent to refinance it to factor in the issue of fluctuating interest rates. Prior to processing a new loan, the lender will rely on an appraisal to determine the way forward. By carrying out a valuation you will be smarter when it comes to taking a cover or when a sale transaction is happening.
Trying to determine the worth of your plane by going to the web is highly unadvisable. The only sure way of knowing the true value is through an official appraisal. A lot of various factors have to be considered before an appraisal can be provided.
In picking the right aircraft valuation firm, it is imperative that you take into consideration how much it will cost you. In determining the cost of the exercise certain factors will come into play. The purpose for which the valuation is being undertaken, your current location and the kind of the aircraft are factors that will be considered. Always contract a reputable aircraft valuation firm. Watch this video about airplane evaluation: https://www.youtube.com/watch?v=pcwEBUn3qIo