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Top 10 Reasons You May Need A Professional Certified Aircraft Appraisal
10. Insurance. Aircraft hull insurance is not cheap; don’t pay for more than you need. Conversely, don’t get caught short. Airplanes are appreciating, some faster than others.
9. Divorce. You want to keep the airplane; therefore, your spouse will want an equal amount of the other assets.
8. Estate planning and settlement. If you leave the J-3 to Junior, will it be equitable to leave Sissy the sailboat? Uncle George left you his Pitts! What are your tax liabilities?
7. The upgrade decision. Dreaming about fresh paint, a new leather interior, or a panel full of the latest whiz-bang avionics? How will an upgrade affect the value of your airplane? You may be surprised.
6. Engine overhaul. Should I overhaul the engine and then sell the plane, or sell it as is; which will net me more?
5. Portfolio analysis. Your aircraft is a personal and/or business asset. What it is worth today?
4. Non-cash charitable contribution. You decide to donate the old Skylane to the home for the children of wayward aviators. An NAAA certified appraisal is IRS approved for form 8283 donations.
3. The effect of damage history on an airplane’s value. A snowplow knocked the tail off your new Mooney. The repairs look good, but what is the hit to the re-sale value?
2. Selling your airplane. Get an objective analysis of what your airplane is worth in today’s market and then say ”hello, trade-a-plane…”
1. Buying an airplane. Don’t pay too much! Get an up-to-date independent, un-biased appraisal.
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