A desktop appraisal for an aircraft is a cost-effective option in several scenarios where a full physical inspection isn’t necessary or feasible. It’s typically based on available documents, photos, maintenance records, and market data rather than a hands-on evaluation.
Early Transaction Phases: For preliminary evaluations during early stages of buying, selling, or financing an aircraft, a desktop appraisal can provide a quick, lower-cost assessment of market value before committing to a full inspection.
Low-Risk Situations: If the aircraft has a detailed and recent maintenance history with no major incidents or if the buyer or lender has prior knowledge of the aircraft’s condition, a desktop appraisal may be enough.
High Market Value Stability: For common aircraft models with well-known, stable market values, desktop appraisals can accurately reflect the expected price range without physical inspection.
Lease Returns and Renewals: For periodic valuations at the end of a lease term or during renewals, a desktop appraisal can help ensure values align with market trends without the cost of a full appraisal.
Insurance Purposes: Some insurance renewals or policy changes may require updated valuations, but not necessarily physical inspections if the aircraft has been consistently maintained.
Fleet Valuations: For large fleet owners who want an overall view of their fleet’s current value without individual inspections, desktop appraisals provide a quick way to assess cumulative worth.
However, desktop appraisals are generally less detailed and lack the accuracy of a physical appraisal. For an aircraft with unique modifications, uncertain maintenance history, or signs of wear that could affect safety and value, a full appraisal is usually the better choice.
Related Posts
