The Pre Purchase Evaluation process is designed to help identify discrepancies that could result in high dollar expenditures during an aircraft acquisition or selling process.
In most cases service facilities performing Pre Buy’s will suggest inspecting specific areas on the aircraft to perform a physical evaluation to help determine current condition. Often times depending on the buyer and seller’s buy/sell contract, additional physical and records research items may need to be added to the Pre Buy to satisfy the contract.
As Pre Buys are time sensitive in many cases, it is important not to use language that would cause the aircraft to be required to complete an actual manufacturer’s inspection during the Pre Buy process.
Many service facilities only perform manufacturer inspections as their Pre Buy service offering. Manufacturer inspections may add significant cost escalations on the Pre Buy and depending on how the purchase agreement is written could be an added expense to the aircraft owner.
Discrepancies noted during the inspection process may also require repairs in order to return the aircraft to an airworthy flight condition. In most cases, the costs incurred will be the responsibility of the aircraft owner and not the buyer should the transaction cancel for any reason.
Do not take the Pre Buy process lightly. Manion Aviation will help provide a smooth aircraft acquisition or selling event.