How to Purchase a Used Aircraft

This is a guide about how to purchase a used aircraft with information and tips from ADN – Aircraft Dealer Network. 

 

FINDING THE BEST USED AIRCRAFT ON THE MARKET

This involves much online research, time, and a good eye for the most important factors that affect an aircraft’s value. Luckily we are here to help guide you through the process of how to purchase a used aircraft.

• Research online sources of ‘AIRCRAFT FOR SALE’
• Make a spreadsheet with your favorite aircraft
• Research FAA records for safety data, AD’s and damage history
• Research and obtain Aircraft Values or an Aircraft Appraisal from a knowledgeable source

 

USING AVIATION CONSULTANTS

Purchasing a used aircraft will most likely involve the professional services of the following:

• Aircraft Consultant/Dealer/Broker
• Aviation Insurance Agent
• Aviation Maintenance Facility and/or mechanic
• Seasoned Aircraft Pilot or instructor with experience in the particular make/model of choice for flight test

Consider hiring an Aviation Professional from ADN – the Aircraft Dealer Network to work for you as your ‘Buyer’s Agent’. The advice an Aircraft Sales Professional can provide will pay for itself, not to mention their experience with the sales process, pre-purchase inspection guidance, make/model performance, costs, and resale market. A professional can help you avoid the common mistakes of a novice buyer and can help you even after the sale with maintenance, upgrades, and resale advice.

 

IMPORTANT FACTORS THAT AFFECT USED AIRCRAFT VALUE

• Airframe time and condition
• Engine Time
• Avionics Upgrades
• Maintenance/Log Books/Damage History

 

THE ACTUAL AIRCRAFT SALE PROCESS

• The Offer – Determine Fair Market Value
• The Purchase Agreement
• Aircraft Title and Escrow Services
• The Pre-Purchase Inspection
• Aircraft Documents and Log Books
• The Flight Test
• Insurance Coverage
• The Closing – Clear title and registration