Top 3 Tips For Buying Aircraft At An Aircraft Auction

Buying an aircraft at auction may seem a little daunting, especially if you’re new to the whole process, but it doesn’t have to be. There’s a lot of room for negotiation when it comes to aircraft auctions. The live aircraft auction is the more traditional model, where bidders show up in person at an established auction house and bid directly against one another.

This article discusses three of the most important tips for buying an aircraft at an auction. It’s important they know what they are getting into and get comfortable with the Airplane Desktop Appraisals before they make any bids.

Does your homework on the aircraft before you bid?

It is important that you inspect the aircraft thoroughly before bidding because once it is yours there are no refunds! Before you go off to buy any aircraft, it is important that you go through the due diligence checklist to make sure that the plane will suit your needs and meets all the necessary requirements.

Check out the aircraft in person

This gives you plenty of time to check out everything from the outside and inside of the Commercial Airliner Appraisals, along with any maintenance records that might not be included in listing details. If possible, arrange a time to inspect the aircraft in person as soon as possible before the auction starts.

Financing before the auction begins

Aircraft sales at www.aeromaxusa.com auctions do not work like real estate sales or car sales. They are very different and need to be taken seriously. If you do not have pre-approved financing and you win the bid, you will lose your deposit and still be liable for purchasing the aircraft!