Pre buy inspectionPre buy inspection

Aircraft ManagementAircraft Management

A pre-purchase inspection is not an annual inspection, although the buyer and seller could agree to such an arrangement.

The object is to examine the aircraft for damage and wear that might not be evident to an untrained eye and to form an educated guess as to maintenance problems that might arise in the future. 
Obviously, the outcome of a pre-purchase inspection is likely to affect price.

If a mechanic discovers a serious problem, the buyer is not likely to close the deal without a reduction in price equal to the cost of the repair.

For that reason, the seller may be wary of such an inspection. 

 

Finally, when it comes to the buying and selling of aircraft, there are considerable financial and legal risks for both the buyer and seller. Consequently, it would be worth the additional investment in having a qualified expert draft the actual agreement.

 

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