What Affects an Aircraft’s Resale Value?

An aircraft’s resale value is affected by a number of factors such as year of manufacture, condition, maintenance history, market demand, total time, number of owners, damage history and various other factors. While newer aircraft tend to command a higher price, their rate of depreciation is usually a lot steeper during the first few years. While low-time airframes typically have higher resale values, be sure to check the aircraft has flown recently as some moving parts can become damaged if not operated. Complete records are vital to getting a good sales price, as they’ll show the aircraft’s maintenance history including any inspections, modifications, upgrades or repairs carried-out. Recent avionics upgrades can increase your value, however be mindful of the equipment your prospective buyer needs – it’s possible to install too much new equipment and go beyond the aircraft’s ceiling price. Strong market demand for a particular aircraft type can increase its value. Be sure to monitor the number of similar aircraft listed on the market. If the number goes down, you may be able to adjust your asking price.

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