You’ve decided to buy a Skywagon.
You imagine, very soon, how you will look in your outback magic carpet machine: Camping, float flying, ski fly-ins, and fishing at a lake that few can get to. You see it parked in your driveway. And then there’s the mobility: Alaska, finally… wait… maybe Maine? Geez, or Quebec… but then why not Labrador? Why limit your potential. With this beauty – you can go anywhere.
But never mind day dreaming … those big tires will make you so cool on the FBO ramp. The Gulfstream 550 captain stares at your bad ass rig with envy. That Gulfstream, incidentally, is going to the Cannes Film Festival.
Continue reading How to buy a Skywagon
One of the challenges of representing buyers, whether it is a Super Cub, King Air or Phenom is knowing where to start the opening shot: The offer.
How do you proffer a number to an aircraft seller that shows the seller multiple things? For example, your contact and methods demonstrate:
- Your math accounts for outliers such as super low or high airframe total time, damage history, missing logs or a run out engine. (And when these are great.)
- An offer that is serious (i.e. committed / real buyer) and likely to close.
- A number that is fair and close to what other transactions are valued at for the same make, model and age aircraft. (And how to find hidden gems here.)
- Adequate respect and mindfulness on how you handle the seller’s conditions or needs. (A smooth sale has as much to do with emotional self awareness, as it does the spreadsheet of how you structured the offer.)
Continue reading Aircraft Valuation Part 1