Are you looking to buy or sell your aircraft? Your first step should ideally be to find a reputable aircraft broker for the job. Agreed that most people may see this as an additional expense but if you consider all the pros and cons you’ll see that the benefits far out weight the costs of hiring an aircraft broker for the job.
Firstly, let’s start by identifying what exactly does an aircraft broker do?
An aircraft broker, also called an airplane broker basically brings the buyer and seller together in the purchasing and selling of an aircraft. The aircraft broker, in most cases introduces buyers to people wanting the sell their planes. When it comes to actually buying a plane, you may think why do I need to hire a professional to help me with that? Well, think again! There are several questions you need to ask yourself including: Are you an experienced pilot? Do you know quite a lot about the current airplane market? If you’re not so confident, an aircraft broker can help.
Most of the times an aircraft broker can actually find you a much better deal because they have connections and know what to bargain for. They’ll also make sure there are no loose ends in the contract. Just like a good real estate agent, an aircraft broker can handle everything from the negotiations to doing all the paperwork. Purchasing an aircraft, just like buying a house, is a huge investment – you want to make sure you’re covered and protected – that’s where a trustworthy aircraft broker with experience comes in.
Still not convinced? This should drill it right in – In the past couple of years there have been quite a few airplane buying scams. Here’s what scammers do: they copy totally legitimate aircraft listings and list it themselves for a marginally low price that’s almost too good to be true. Seeing this as a great deal, unsuspecting buyers reply to the listing whereby they are told to put forth a deposit to seal the deal. The money goes into the bank accounts of these scammers and the buyer is robbed out of hard-earned savings. Don’t let this be you. A reputable aircraft broker will make sure the entire process and contract is legal and genuine from the start.
Finding a good aircraft broker is the first step in selling your airplane or finding the aircraft of your dreams. In most cases, you actually end up saving money because the aircraft broker truly understands what you’re looking for in buying either a new or used plane. You might not even be totally aware of recent market conditions, so an aircraft broker will make sure you’re not over-paying for an older model. An experienced airplane broker will also ensure that they show you the best aircraft available in the market for your budget and help you steer clear from what might seem to be a great deal but actually is NOT a good deal after all. So to conclude, initially it might cost you to hire an aircraft broker, but in most cases it will take the hassle of buying or selling an aircraft out of your hands, and put it safely in the hands of an expert. This will most likely not only help save you more money but will also make it a much more pleasurable experience for you – especially if you’re investing in your dream plane!