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Buying and selling an aircraft can be a complicated and risky process. It is fraught with potential pitfalls and ways to lose money. Don’t let that happen. This should be a pleasurable experience that does not consume your valuable time. The best way to ensure that you enjoy the process and preserve your hard earned dollars is to engage the services of a competent broker. The brokerage fee that you pay is more than worth the money, if you find the right firm to represent you.
Sell Your Plane
Through our partnership with Tumbleson Aviation Consulting, LLC. we can offer you over 30 years of experience buying, selling, and brokering aircraft around the world. Our experience includes selling single and twin-engine piston aircraft, turbo-props, and small and medium size jets. We have a marketing machine in place, a database of thousands of prospective buyers, and the experience to get your aircraft sold!
What is our greatest strength? Results! A business cannot survive selling aircraft for over 3 decades without producing consistent results. Many brokers have come and gone during the multiple economic downturns over the past 30 years. We keep on selling! Why? Give us a call and we’ll explain our philosophy and why we believe that we continue to produce outstanding results, regardless of the economic environment, and how that can benefit you.
Buy a Plane
While it sure sounds like a lot of fun, buying a plane can be a frustrating and very time consuming experience. So, what’s the best way to handle the process of shopping, collecting and organizing information, and deciding on market values and which aircraft best fits your parameters?
How do you go about submitting an offer? What should you include in the offer and sale and purchase agreement? What paperwork needs to be prepared and filed with the FAA? Should you use an escrow agent? Who pays for that? What should you do for your pre-buy and wher should you have it done? If there is no damage history noted in the log books then that means there is not damage history, right? If an old, expired security agreement still shows up on the title search then the title is clean because the agreement has expired, right? How do you protect your deposit from being forfeited and at what point is it reasonable for you to release it to the seller?
Whew! There are so many questions and so many possibilities. Consider that while someone else may be able to do what you do for a living, it’s very likely that they won’t do it nearly as well as you. After all, you do it day in and day out, every day! Well, we would say the same with buying an aircraft. It may be true that you can do it alone, but is saving a few dollars in brokerage fees worth risking your total investment by not hiring a professional? We hope not!
Benefits of Aircraft Ownership and Utilization
There are many benefits to owning your own aircraft. One reason is for the tax benefits. If your business is the owner of an aircraft, you are entitled to Modified Accelerated Cost Recovery System (MACRS) depreciation. This is the current tax depreciation system in the U.S. for tangible property, including airplanes. This benefits you as an owner because it allows you to deduct greater amounts during the first few years of your aircraft ownership. Some of the expenses associated with the aircraft are also deductible. We’re neither attorney’s or CPA’s, so check with your tax professional for complete details and applicability. Aircraft ownership alone does not qualify.
For each of the benefits below there is a bigger, and more in-depth discussion. Here are just a few benefits for you to consider…
Tax Benefits
Save time
Increase Productivity
Enhanced lifestyle
Create value
Reach multiple destinations quickly and efficiently
Access communities with little to no airline service
Respects the value of your time
Enjoy Predicable Scheduling
Respond to customers in hours, not days
Exercise control over your schedule
Minimize non-business hour away from home
Provide better return to shareholders
Greater security for passengers
Eliminate barriers to travel
Move vital equipment
Support humanitarian and charity efforts
Leaseback and Partnerships
Will Murfreesboro Aviation lease your plane back and add it to our fleet of charter or flight training aircraft? Perhaps, if this is of interest to you, and if your aircraft qualifies. If we leaseback your plane, then you may be able to enjoy certain tax benefits by havin a business use for your aircraft. We are not tax specialists so please secure advice from a competent professional.
Is purchasing an aircraft as an investment a good idea for you? Often the answer is no, quite frankly. Sometimes it makes very good sense however based on your specific financial and tax needs. Give us a call to discuss what opportunities currently exist for you and if a leaseback or partnership makes the most sense for you.