24 Oct 2025, 13:06 [ UTC - 5; DST ]
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Post subject: Re: JetACQ Deal or No Deal!  Posted: 02 Aug 2024, 09:14 |
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Joined: 10/15/17
Posts: 947
Post Likes: +537
Location: DFW
Aircraft: F35
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Username Protected wrote: We had our first deal or no deal client this week, he was very pleased to pay for the work we did. And I am happy to say that we helped keep him from making a big mistake!
I truly wish that the details were not confidential, because this is a story I would love to share! Big tease 
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Post subject: Re: JetACQ Deal or No Deal! Posted: 02 Aug 2024, 13:18 |
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Joined: 04/05/22
Posts: 3532
Post Likes: +4340
Aircraft: D50E Twin Bonanza
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I for one think this is a service that could definitely have value. Lots of buyers fall in love with a plane or the idea of the plane before they even see it. When stuff starts popping up it's way too easy to shrug it off little by little until there's a lot wrong but you're somehow still ok with it. Having the option to have an impartial party take a look at everything and make a recommendation just may snap someone out of it before they make a mistake. I've bought and sold a whole bunch of things and I've been on both sides of that. I've rationalized a purchase that I later regretted, and I've watched buyers do the same. There's a whole lot of variability here though in the buyers and the plane so I imagine it will be a tough thing to do unless you're only looking at very high dollar airplanes. If you ever want a consultant for lower value planes than your normal you know where to find me
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Post subject: Re: JetACQ Deal or No Deal! Posted: 02 Aug 2024, 14:06 |
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Joined: 11/08/12
Posts: 7616
Post Likes: +5019
Location: Live in San Carlos, CA - based Hayward, CA KHWD
Aircraft: Piaggio Avanti
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Username Protected wrote: …
Having the option to have an impartial party take a look at everything and make a recommendation just may snap someone out of it before they make a mistake.
… I kinda think good decision making could destroy the whole GA economy though…
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-Jon C.
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Post subject: Re: JetACQ Deal or No Deal! Posted: 02 Aug 2024, 15:09 |
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Joined: 01/01/10
Posts: 3503
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Location: Roseburg, Oregon
Aircraft: Citation Mustang
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Username Protected wrote: ... I kinda think good decision making could destroy the whole GA economy though…That's probably true. A bit like asking your accountant if you should buy a plane  The answer is pretty much always no. But I loved it when he said yes
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Previous A36TN owner
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Post subject: Re: JetACQ Deal or No Deal! Posted: 02 Aug 2024, 16:08 |
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Joined: 11/30/10
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Username Protected wrote: ... I kinda think good decision making could destroy the whole GA economy though…That's probably true. A bit like asking your accountant if you should buy a plane The answer is pretty much always no. But I loved it when (she) said yes
There; fixed it for you.
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An Engineer's job is to say No. Until the check clears, then make a mountain from a molehill.
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Post subject: Re: JetACQ Deal or No Deal! Posted: 03 Aug 2024, 19:12 |
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Joined: 05/23/13
Posts: 8494
Post Likes: +11038
Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: We had our first deal or no deal client this week, he was very pleased to pay for the work we did. And I am happy to say that we helped keep him from making a big mistake!
I truly wish that the details were not confidential, because this is a story I would love to share! Congrats on the first success. Although the details are confidential, you should be able to discuss the process - right?
I’m traveling currently, but I will do just that when I get back to a computer.
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We ONLY represent buyers!
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Post subject: Re: JetACQ Deal or No Deal! Posted: 05 Aug 2024, 16:02 |
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Joined: 05/23/13
Posts: 8494
Post Likes: +11038
Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: We had our first deal or no deal client this week, he was very pleased to pay for the work we did. And I am happy to say that we helped keep him from making a big mistake!
I truly wish that the details were not confidential, because this is a story I would love to share! Congrats on the first success. Although the details are confidential, you should be able to discuss the process - right?
Here's the highlights:
Purpose: Evaluate the deal that a prospective purchaser is looking at making, we are considering the value of the aircraft and what we can determine (remotely) about the aircraft itself in regards to value impacting events such as damage or foreign history.
Determine Aircraft Value:
Three sold comps. (if available)
Three VREF evaluations, two comps and the subject.
Real market / value input from industry professionals.
And if the deal isn't already in place:
Provide buyer with needed forms such as LOI (letter of intent)
Consult with buyer in regards to a negotiation strategy.
Determine Aircraft Suitability:
Research online history, looking for damage / stories.
Research ownership history.
Review aircraft's FAA 337 file. (repairs / damage)
Research owner broker / maintenance history.
Assessment of the deal:
Review terms of deal including prebuy.
Review purchase agreement / deposit requirements.
Conclusion:
Provide the buyer with a professional opinion about how good the deal is or isn't.
Deal or no deal... do it or DON'T DO IT!
So far we are only doing turbines, but would like to expand to pistons as well.
This is a high level overview, be glad to answer any questions anyone has.
_________________
We ONLY represent buyers!
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Post subject: Re: JetACQ Deal or No Deal! Posted: 05 Aug 2024, 16:19 |
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Joined: 05/23/13
Posts: 8494
Post Likes: +11038
Company: Jet Acquisitions
Location: Franklin, TN 615-739-9091 chip@jetacq.com
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Username Protected wrote: Why 3 comps but only VREF on two of them? Triangulation, we need two book values based on close comps to triangulate the book value of the subject aircraft. Our goal is to get three comps so that we have a good baseline, but we only use the two that are closest to the subject. The book, VREF or Blue Book, whatever you use doesn't always do a good job of telling you what an airplane is worth, but they do a decent job of telling you what similar airplanes are worth in relation to each other. Example: Comp A - $2,225,682.00 book value - sold for $1,950,000.00 - difference $275,682.00 Comp B - $2,480,232.00 book value - sold for $2,225,000.00 - difference $255,232.00 Subject - $2,325,876.00 book value - should sell for $2,050,000.00 - $2,075,000.00
_________________
We ONLY represent buyers!
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Post subject: Re: JetACQ Deal or No Deal! Posted: 06 Aug 2024, 04:12 |
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Joined: 08/23/10
Posts: 909
Post Likes: +726
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I like it. What does this service cost?
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Post subject: Re: JetACQ Deal or No Deal! Posted: 06 Aug 2024, 08:32 |
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Joined: 04/05/22
Posts: 3532
Post Likes: +4340
Aircraft: D50E Twin Bonanza
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Username Protected wrote: I like it. What does this service cost? If you have to ask...
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I imagine they are of the "call for price" variety 
