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. You need to find reliable airplane appraisal services so that you will be making a decision based on accurate information. Among the crucial factors to look into when choosing the best airplane appraisal services are those provided below.
It is critical to determine the reliability levels of specific 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. It is also likely that the information you get will be more reliable when you work with an experienced company due to its vast expertise in this field.
How easy it is for you to get the aircraft valuations that you require is something else that you have to consider. You need to find a company that provides real-time online valuations so that you can access the required information from anywhere and at the time when you need it. This provision is made possible when you find a company that offers its subscribers access to a complete database of different aircraft models so that you can evaluate by yourself. Such a company also gives you a tutorial of how to use its database to determine the value of your aircraft.
You have to consider the variety of aircraft types that are covered by a particular aircraft appraisal company. A company that offers aircraft valuations services for different aircraft models is the best since you will likely get information for your particular kind of aircraft. It should also be possible to access appraisal services for inventories, spares, support equipment, engines, fixed base operations, and antique aircraft and artifacts.
Another essential element of consideration is the availability of additional services from a company that provides aircraft appraisal services. At various times, you may need other services that are related to aircraft appraisal but are not exactly these services. 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. Such a company can use its thorough knowledge and expertise combined with investigative skills to provide such services.