Aircraft Vref Valuation

[Mark89114]

How accurate is it?   Maybe reasonable is a better word.  How reliable is it?  Is it worth anything? 

 

Hopefully you get my point, in that no single online calculation can accurately measure the complexity of an aircraft valuation, it is worth exactly what you sell it for or exactly what you buy it for.

 

I am looking at an Ovation, plugged the variables in and lo and behold it is within 1-2% of asking price.

I think the asking price is reasonable based on my research of comparable models, engine times, avionics and what not.  I am just trying to get data points together on accurate evaluation.  This by no means suggest I am going to offer starting price for negotiation.

 

 

 

 

 

 

 

 

[David Mazer]

My limited experience is that Vref is usually higher than the actual value at sale.

[jfdez]

Vref Valuation is accurate but you need to understand that it is based on market valuations that are one to two years old.  If you need something more accurate and more relevant, you need o use an craft appraiser.  These individuals have much more access to recent banking data that reflects a more current value.  Mooney values will show to be relatively low through Vref, especially because it still does not take into account the restart of the factory production etc.

[ArtVandelay]

I saw chart of GA plane prices, there was a steep drop the last 2 years, my sense is it has bottom out, but vref was always high a year ago, it may be accurate now, or at least closer.

[Mooneymite]

Vref usually seems to be where buyer and seller "start negotiations".

[Cruiser]

Like anything else, selling price will vary by region. Jimmy at All American Aircraft will have the best, up-to-date feel for what price Mooneys are selling. Give him a call. 

 

Of course the best way for MooneySpace members to be in the know would be for anyone buying, selling or knowing of an actual purchase to publish the selling price here.

[carusoam]

The O market is so thin...

Trying to develop a statistical price formula would be challenging...

But that is what Jimmy does...

Anyone selling a plane can start with that type of formula for what it is worth...

What do you want in your O?

310hp

TopProp

AC

FIKI

G1000 w/WAAS

GTNs or ksn770s

Just asking,

-a-

[bonal]

Sorry every one but whenever I make a purchase the prices always drop after the deal is done. My bad

[ArtVandelay]

Sorry every one but whenever I make a purchase the prices always drop after the deal is done. My bad

Do me favor, let me know when you are going to buy stocks

[bonal]

I could be the anti financial advisor

[fantom]

Sorry every one but whenever I make a purchase the prices always drop after the deal is done. My bad

 

Not really bad. Study up on 'selling short'.

[Lood]

I've found Vref to be rather accurate, especially on older airplanes. I actually used it quite extensively in the last month and on three different airplanes, I always came out within $2k from what the selling agents' Bluebook appraisels were.

[manoflamancha]

My bank does a pretty good job evaluating the value of an aircraft based on lending standards. These come in lower than vref and close to what aircraft bluebook valuated a plane to be worth. Then it's a matter of negotiation between the buyer and seller.