Factors Affecting Your Aircraft’s Resale Value: Cosmetic Condition

Factors Affecting Your Aircraft’s Resale Value: Cosmetic Condition

January 30, 2017

Probably the most obvious factor to influence an aircraft’s value is its Cosmetic Condition. To be blunt: nice interiors sell faster. They usually do not result in huge value increases, but they will significantly reduce the time to resell the plane.  A first impression of an attractive, clean interior will draw in buyers faster than one that shows a lot of wear and tear. However, rarely will buyers pay over market value for an aircraft with a beautiful interior. They may pay a little more but not dollar for dollar on the cost of the interior – no matter how bespoke or costly. Nevertheless, if your aircraft really needs new paint or is in very poor interior condition, buyers will deduct the cost of the refurbishment off the transaction price.

In a world of rapidly declining prices, having poor cosmetic condition will most likely result in longer resale time and a decline in market value as the market continues to depreciate. If your interior shows wear such as worn carpet, tired leather, cracked woodwork, stains on seats, or chipped paint, you may want to consider some refreshment to speed up your sale process. We do not recommend any major refurbishment as it is not cost effective, but small changes can greatly reduce your time on market.

 

Blogs are written from real world experience by Colibri Aircraft’s individuals. If you have any questions or comments about the topic of this blog, please feel free to contact our team at enquiries@colibriaircraft.com