We're often asked "Should I buy a plane with
a damage history?" With the average age of the used fleet exceeding
30 years, damage history can be found in more and more logbooks. Whether
or not it's right for you to buy one is a personal decision, but here's
some things to think about.
1. Exactly what IS damage history?
Airplanes get bent in any multitude of ways- if it can be done,
someone's done it. We've seen everything from bullet holes in the
firewall of a Skylane to a King Air whose tail was chopped off by
a hangar door- and re-attached! While the definition of what constitutes
a "damage history" can be gray at times, here's the one we use:
"Any history of an incident or accident
that seriously affected the airworthiness or structural integrity
of the airframe or engine(s), excluding control surfaces".
Why do we exclude control surfaces? Because they're often bent or
damaged in "hangar rash" incidents, and once replaced (or re-skinned)
are usually as good as new. Most "hangar
rash" type repairs can be ignored, and are not considered
as damage history. We also exclude leading edge skin repairs or
windshield replacements for bird strikes.
Most major damage events usually require that the aircraft be in
motion, as opposed to being run into by a (plane, bus, truck, car,
boat or fuel truck- fill in the blank!) If the aircraft was at rest
at the time, the incident is usually not considered to be quite
as serious.
2. How does a damage history affect the sale
of a plane?
The answer depends a lot on the type of plane! Beechcraft buyers
are probably the least likely to purchase a previously repaired
craft, while Arrow 180 buyers almost expect an old gear-up in the
logs. In our recent survey of about 900
buyers/owners, 21% said that damage history was the most important
factor to them when purchasing a plane. If you buy a plane
with ANY major damage history, bear in mind it will be more difficult
to sell- and thus take longer- than the same plane without any.
(You'll also be forced to explain it all to the next buyer.)
A certain percentage of buyers, especially first-time buyers, will
not purchase your plane at virtually any price. Which leads us to
the next question.....
3. How much does damage history affect the
value?
There is always a decrease
in the value for any major damage history. The exact amount
of this deduction is dependent on a number of factors, but the primary
ones are the extent of the damage and the age of repairs. If you
are the first one to fly a plane after, say, a wing rebuild, you're
going to be thinking very hard about that wing! Recent major damage
always imparts some lingering doubt regarding the structural integrity
of the major aircraft components, and/or any hidden damage that
may be costly to repair in the future. Over time this doubt (and
the amount of any deduction) diminishes, but never goes away completely.
Given two absolutely identical aircraft, one with an old damage
history and one without, which would you buy if the price was the
same? What is the only thing the seller of the previously damaged
plane can do to convince you to buy his? Lower the price!
(We've actually seen sellers argue that the damaged and repaired
plane is now "better than new". For those who truly believe this,
call us- we've got a great repaired bridge for sale.....)
NOTE: If you submit an appraisal request
thorough our QuickQuote
service, there is a space towards the bottom to enter detailed damage
details.
4. How can I be certain the plane is damage-free?
With complete certainty? You can't. Damage
history is probably the second most misrepresented item of an aircraft's'
specifications (airframe/engine hours are first), and while
you can never be completely certain, there are ways to be fairly
sure.
Start with the obvious- have an experienced A&P look over the plane
with an eye towards repairs and/or existing hidden damage. Have
them read the logs carefully- especially at the time of engine overhaul.
If you notice the engine was overhauled prematurely at any time,
look carefully at the airframe log entries around that date. The
repairs required to fix major damage, such as a serious landing
accident, requires the filing of FAA form 337- "Major Alteration
or Repair"- with the FAA. A copy of this form is supposed to be
kept with the aircraft records, but often gets "lost". If
you become aware of a damage history from the logs, look for the
accompanying 337, as it will usually contain a more complete
detailed description of the repairs involved.
Buying a plane with a damage history can be fine, IF it's been
properly repaired and documented, and IF you're willing to take
the extra time and trouble when you sell it, and IF it's priced
appropriately. And - the big if - IF you're comfortable flying it.
It's a very personal decision that's totally yours to make, but
at least you now have a better idea of the whole picture.
You'll find an unusual tale about damage history
here on our web site.
|