We buy Aircraft

[brien23]

How can they make money in today's market of aircraft prices? Anybody ever try one of the cash for planes, how much did they offer.

 

[OkieAviator]

Assuming that's a service. If it's similar to the "cash for gold" or "we buy ugly houses" etc then they make money by completely under offering on their purchase. It's a bit where desperation to unload meets a cash buyer.

 

[RyanB]

It's one thing if they actually purchase the aircraft outright, but I don't think they do. What I believe it to be is a pawn that uses the aircraft as leverage for cash flow. They'll take possession of the aircraft and give you a set amount of time to pay off the loan or repurchase the aircraft and if you default, they keep it for a lowball price. It works like those title loan con-artists or pawnshop operations.