A professional aircraft appraiser must acquire all the facts about the aircraft in question. The appraiser thoroughly examines the aircraft logbooks, inspects the exterior and interior surfaces of the aircraft, and pays close attention to the general condition, as well as the maintenance history of the aircraft. One of the tools the appraiser uses is an extensive computer based system that assists the appraiser in producing accurate and prompt aircraft appraisals. An appraisal written by a CAVA Certified Value Appraiser provides the client with:
- A detailed examination of airframe, engines, props, instrumentation, avionics and all relative systems.
- A careful review of aircraft documentation, log books, and associated records.
- A computer analysis of relevant value data.
- A certificate of appraisal and the detailed computerized report submitted to the client.
To obtain a professional opinion of the value of an aircraft as a prudent safeguard against excessive tax assessments, capital gains and other taxes.
- Obtain a professional opinion of the present market value on an aircraft.
- Obtain a professional opinion of the value on an aircraft to be renovated or modified.
- Verify damage claims resulting from fire, hail, windstorms, accidents and other disasters.
- Provide the basis for decision-making in the commitment of funds for aircraft acquisition.
- Provides persuasive, independent evidence of the general condition of an aircraft.
- Assist a prospective purchaser in obtaining financing or insurance.
- Assist a financial institution in substantiating the nature and value of the aircraft as it relates to collateral.
- Assist a financial institution by supporting the loan portfolio for examination by the loan committee and/or bank examiner.
- Distinguish sellers aircraft from others that may be listed for sale. An appraisal written by a CAVA Certified Aircraft Value Appraiser should reduce the time required to sell an aircraft.