Ideally, you should think about the day you sell your airplane on the day you buy it.
At least, if you want to reduce the hassle to sell your plane.
Here are four tips to ensure that your sales process goes smoothly.
#1) Keep your paperwork in order.
Logbooks, certificates, AD compliance statements, maintenance records, warranties. All of it has to be ship-shape and in order. This should all be scanned and saved as a digital backup.
These documents help the seller pass accurate descriptions of the airplane to the buyer. Furthermore, it helps to provide insights that will allow the buyer to assess the value of the plane, and proceed with the final purchase decision.
Did you miss a record? You can retrieve some records from the FAA website. Nevertheless, it’s always wise to keep a physical copy of every record with a digital backup.
#2) Assess the value of your plane.
The factors that determine the final price include:
- Avionics
- Engine
- Paint
- Interior
- Damage
- Maintenance Programs
- Warranties
- Pedigree of Ownership
Many other factors may play into the valuation, as well.
Valuing planes requires market research, aircraft knowledge, and an understanding of airplane maintenance status. The price of the plane is also dependent on how much the market is willing to pay.
#3) Keep tabs on factors that lower the value of the plane.
Keep a note of any unique installations. Printed names, initials, logos, and bold colors can all lower the value of the plane. We recommend removing all such installations before attempting to sell.
If the plane has enjoyed regular maintenance and repairs, it may increase the price by a significant margin.
Pay special attention to the cosmetic appearance of the interior and exterior. Buyers will be looking for a plane that makes them proud.
#4) Get a broker.
Private jet brokers have a better understanding of the market. They also have connections with people who buy and maintain planes.
That means they can usually get you a better price than you could get on your own.
Sell your plane with us.
Flyhpa.com is a one-stop solution for selling your plane.
You’ll work with highly experienced, knowledgeable aviation experts who can guide you through the entire process from start to finish.
They focus not just on making a sale, but on delivering a satisfactory experience, as well. The entire process will be hassle-free, and you’ll get an excellent price.
