Just as there are for cars, there are consumer reporting services that tell you more about specific makes and models of aircraft, even the latest models. You can find such a service in various ways. First, ask the owner or dealer to suggest aviation report and appraisal services, keeping in mind that some won’t recommend ones that say negative things about what they’re selling. A good place to start is Aviation Consumer. In addition, appraisal services can help you determine if the asking price is a fair one. Plan to spend a few hundred dollars on such an appraisal, but that can be an investment that saves you time and money.
Wing TipsWant a free aircraft appraisal? Call an aircraft loan service (found in leading aviation magazines) and ask for it. Many will give you a comprehensive appraisal at no cost for the opportunity to handle your loan.