You may need to establish the current market value or the predicted residual value of an airplane at various points. For instance, you will need airplane appraisal services when you need to buy or sell one, when you need to ensure your airplane, or when you want to get a loan using the aircraft as collateral. Getting reliable airplane appraisal services is essential so that you will be making a decision based on accurate information. Herein are some guidelines for choosing airplane appraisal services that you can follow.
One crucial factor to consider is the reliability of aircraft appraisal services. The airplane appraisal services that you get should provide accurate projections and data. Ensure that you are getting USPAP compliant appraisals so that you can determine the current market value or the forecasted residual value of an aircraft at a time. You also need to deal with a company that is experienced because this will increase the level of reliability of the results it gives.
It is crucial to determine the ease of getting the needed aircraft valuations. You should choose a company that provides real-time online valuations so that you can get the needed information when you need it and from anywhere. This is made possible by a company providing its subscribers access to a complete database of different aircraft models through which you can make an accurate evaluation by yourself. The company also gives you guidelines and tutorials that help you navigate its database so that you can make an accurate evaluation.
It is vital to determine the different aircraft kinds whose quality you can have appraised on a particular platform. You should choose a company that has a database of as many aircraft models as possible since you will likely find the information you need concerning your kind of aircraft. You also need to access appraisal services for support equipment, inventories, spares, engines, fixed base operations, and Museum aircraft and artifacts.
Another essential element of consideration is the availability of additional services from a company that provides aircraft appraisal services. It is not unusual to need additional services that are related to aircraft appraisal. The company from which you get aircraft appraisals should be in a position to offer you such services. These services include litigation and expert witness services for depositions, deposition support, as consulting witnesses, and testifying in court. The company can use its expertise and in-depth knowledge combined with excellent investigative skills to offer the services.