1. How do I prepare to sell my airplane?
You'll want to ensure that you have collated all of the necessary aircraft records. These include your logbook history, your maintenance paperwork, your airworthiness certificates, and other certificates.
2. What would be covered in the inspections?
The pre-purchase inspections would typically involve your potential buyer ensuring that the aircraft has no obvious or hidden issues. They'll examine the engines, the avionics, past damage history, bodywork, paint as well as the integrity of your aircraft.
3. How much should I sell my airplane for?
The way to get the best deal for your plane's sale is to ensure that your pricing is reasonable and informed by the market. You want to ensure that the selling price will not discourage knowledgeable buyers, while also ensuring that you get the most value for your airplane. This is where the services of a broker can be even more invaluable.
An invested broker, especially one who buys airplanes for inventory, understands the current market and all its nuances and trends. At Airmart Sales and Brokerage, we'll look beyond the book value of your airplane and ensure that we advise you accordingly.
4. Will I have to talk to buyers?
Dealing with interested buyers can be stressful for a seller. In our experience, it takes 12 contacts on average with one qualified customer to guide them to a sale. Multiply this by the number of unserious buyers who may show up to make inquiries and the process becomes time-consuming as well.
Airmart vets your buyers for you and helps you whittle down to the most serious prospects and eventually the right buyer for you. We know what most buyers look out for so we can keep this simple. We'll save you numerous hours and unfruitful phone calls. We’ll also help to guide the process along, and prevent delays that may result from emotionally driven details.
5. How about Federal Aviation Authority Regulations?
Failing to follow federal regulations for aircraft sales can be a surefire way to cause trouble for yourself and your buyer in the future. To prevent all potential issues, Airmart will work with you to complete your bill of sale and FAA form. As the last registered owner, you'll need to provide your maintenance records, airworthiness certificate, and other records. We'll help you deal with money transfers and resolve both your insurance and the buyer's insurance. We'll also help with the transfer of aircraft ownership and advice on all necessary registrations.
6. What if I want to trade my aircraft?
Airmart brokers will work with you to determine how best to facilitate the sale of your current aircraft while we provide you with options for a replacement plane. We'll facilitate the entire sales process up to your aircraft transfer to an interested buyer.