The agreement indicates who bears the risk of loss of the fuselage of the aircraft during the payment period and whether the buyer or seller must have hull insurance, how much coverage must be received and who is paid in the event of a loss. Of course, these considerations are not relevant in the case of a cash sale. During a cash sale, you always insist on certified means or make sure that the buyer`s cheque clears the bank before proceeding with the delivery. Think about what you will do on your demo and where you will go. If you allow the potential buyer to take over the controls (up to you – I advise you to give them the opportunity to see how the plane works), make sure you are in a low traffic area, and analyze a lot of traffic because your passenger monitors everything and may be less likely to handle other planes. Don`t fly too long; just arouse the buyer`s appetite. Consider whether the buyer agrees to retain a lawyer to defend the seller and pay for any judgment that may arise if someone else suffers personal injury or property damage resulting from the purchaser`s use of the aircraft. Is the purchaser required to manage a certain amount of insurance for personal and material damage that may result from the purchaser`s use of the aircraft? And the seller is mentioned as an additional insured in the insurance policy and has a right of termination. On the other hand, buyers realize that they get a very good offer by buying a craft airplane. For a fraction of what a production aircraft would cost, they almost have new machines, tested in depth, at the cutting edge of technology. Most of the craft aircraft on the market are more modern aircraft and aircraft than we are used to in production aircraft. Most of the houses built include custom interiors and beautiful color schemes.
In short, these aircraft have amenities that the majority of aircraft owners aspire to. To find your price, you should first talk to other builders. Some manufacturers who sold will not share this information, but I found most. You know it`s going to help future sales. It doesn`t hurt to start high. Add all the construction costs, leave your hours of work, add 10% (or more if you are brave) and start there. You should check aircraft buyers catalogs if your plane model is in. Also check with the factory that provided your plans or kit – they will probably be aware of some resales.
Finally, check with the set if your plane has one. Advertise online. Most sales bulletins have a section of craft aircraft, but you can also list it in the production aircraft department.