The Aircraft Bluebook Price Digest is a quarterly print publication by Informa (also available on CD-ROM) that was established in the 1950s. It identifies and prices more than 3,000 used general aviation aircraft and helicopter make and model-years available in the United States.
How much is an aircraft worth?
Single-Engine Planes: These planes, which hold two or more people and are more economical to operate and maintain than multi-engine planes, typically cost between $15,000 and $100,000. Multi-engine Planes: If you consider a plane like this, it will cost you between $75,000 and $300,000.
What is a VREF valuation?
VREF is the official value guide for AOPA, and every major lender in the industry. VREF Appraisals provides comprehensive valuations to determine an aircraft's Current Market Value and/or Forecasted Residual Value, giving our clients accurate figures and projections.
What is the cheapest plane to own?
The most affordable planes to buy are the Cessna 150, Ercoupe 415-C, Aeronca Champ, Beechcraft Skipper, Cessna 172 Skyhawk, Luscombe Silvaire, Stinson 108, and Piper Cherokee 140. Buying your own plane that you can hop in and fly any time you want is something that all pilots hope they can do at some point.
How much does it cost to buy a 6 passenger plane?
New private planes range in price from $100,000 for a modest 6-seater and go up to $500 million for a highly customized plane. You'll also have to pay around $275 in hangar fees and $100 for tie-down equipment, up to $2000 per year in insurance costs, and up to $1200 in inspection fees.
Is a plane a good investment?
One of the more financially beneficial reasons to invest in an aircraft is the fact that unlike most other forms of transportation, airplanes, helicopters and jets can actually appreciate in value, rather than decrease over time.
How much do Planes depreciate?
Generally aircraft assets are depreciated over 15 to 25 years with residual values of between 0 to 20 percent. The straight-line method of depreciation is the most commonly used. Small changes in useful economic life and residual value estimates can have a significant impact on the profit or loss in a period.
Why aircraft ownership is a good investment?
Among the benefits of business aviation ownership: Nothing puts you in charge of your schedule and your destination like owning your own business aircraft. Spend less time in airports and find more time for business, even when you're in the air.