When markets are slow-moving or static, third-party valuations are a reliable way to accurately assess where a specific airplane may stand in comparison to comparable airplanes.
The current market is very fluid, and it has been AOPA’s experience that it’s moving faster than it is possible for individuals and companies to collect and analyze data points, then disseminate accurate valuation information. That’s why VREF is a great starting point, to sketch the contours of an airplane deal, one might say.
VREF calculates the base value of an airplane once a potential buyer enters traditional data such as type, airframe hours and engine hours. AOPA offers VREF free to its members because of the value it brings in ballparking the price of an airplane or airplanes of interest.
We caution not to put too much stock in avionics data. On one hand, analog, non-glass instrumentation and avionics will only reduce value. On the other hand, the evolution in avionics in GA is moving almost as quickly as the current market is fluid, so items like Garmin 430s and 530s are practically obsolete from a value perspective.
The bottom line is a VREF valuation is a great do-it-yourself tool that can then be augmented with a more detailed market or price analysis by AOPA Aviation Finance once you’ve narrowed your choices down.
Great advice. Great rates. From helpful and responsive reps you can trust. Three good reasons to turn to AOPA Aviation Finance when you are buying or refinancing an airplane. If you need a dependable source of financing with people who are on your side, just call 800.62.PLANE (800.627.5263), or click here to request a quote.
