When purchasing a used airplane, asking the right questions can make all the difference. Before inspecting the aircraft, get answers to these six crucial questions. These factors will significantly impact the aircraft's value and your purchasing decision.
1. What are the engine times?
The engine's condition is the most critical factor in a used aircraft's value. Ask about:
- Time since new
- Time since overhaul
An engine approaching its Time Between Overhauls (TBO) will have lower value. Regular use and maintenance are essential for engine health. Examine the logbooks to verify:
- Annual flight hours
- Adherence to maintenance schedules
2. What's the airframe condition?
Inquire about:
- Total airframe time
- Overall condition
High total time can decrease an aircraft's value. Also, ask about:
- Paint condition
- Interior condition
- Signs of hail damage or corrosion
Remember, refurbishing paint and interiors can cost thousands. Climate exposure can lead to corrosion or hail damage, potentially affecting performance.
3. What avionics upgrades have been made?
Buying an aircraft with upgraded avionics is often more cost-effective than installing them later. Look for:
- Desirable avionics already installed
- Autopilot upgrades (these are particularly expensive)
Owners typically recover less than half the cost of avionics upgrades when selling.
4. Are the aircraft logbooks and maintenance records complete?
Logbooks significantly impact an aircraft's value. Verify:
- Completeness of logbooks
- Accuracy of maintenance data
- Currency of inspections and Airworthiness Directives (ADs)
Missing or incomplete logbooks can substantially reduce an aircraft's value.
5. Is there any damage history?
Ask about:
- Any past damage
- When the damage occurred
- Who repaired it
Recent repairs typically impact value more than older ones. Repairs by reputable shops using new parts are preferable.
6. Does everything work?
This often-overlooked question is crucial. Ask the seller if all systems are operational. During your test flight, verify that:
- All systems function properly
- All avionics work correctly
Document any discrepancies for negotiation during closing.By asking these six key questions, you'll be well-prepared to evaluate the true value of a used aircraft and make an informed purchasing decision.
