Aircraft value is dependent on a number of key factors which need to be taken into account seriously. The things do have a major effect on the overall valuation of the plane. The factors range from technical to industry as well as the market-related parameters like demand and supply. From the above things we can derive so much more that affect airplane valuation. Here are some of the critical factors that have an impact on the value of the plane.
The history about the damage of the plane is one key area to look at. To know how much the plane costs then damage history need to be factored into the valuation process in order to reach an agreed price for resale. This, however, is very hard, but professional aircraft appraiser can come up with true calculations for damage history. Using the figures obtained it can be easy to know the price to set. Always male sure that you have damage history available before you value the plane.
Paint is also very essential. One of the toughest appraisal issues that give one hard time. The paint does two things on the plane, it protects the surface and also makes the plane look pretty. Paint that is the excellent shape and pleasing to the eye makes the plane cost a lot. This aspect is very critical because it is only in the eye of the buyer.
The third thing that really affects airplane valuation is the interior. Consider the fabrics, the colors and the carpet, should not wear out easily. Interior with more stuff and very stylish is likely to make the plane cost a lot more. So the interior must be considered in the valuation process.
Airfarame time is also a key area to be considered. Low time airplane is very costly. One that has high time aircraft sells at a low price and may be very difficult to sell. Many buyers want low time aircraft. This has a general impact on the value of the plane. Also consider, engine hours. Engine that can run for long hours will affect the price.
We have also installed things, they generally affect the value of the aircraft. This includes a lot of things ranging from the technology used in the airplane, they have a noticeable impact on the values of planes. Above are the factors that you need to look at when appraising an airplane.