Pre-Owned Update: Great buys abound in all market segments
After a grueling quarter of massive price destruction, a wave of opportunistic buyers has begun to surface and infiltrate the pre-owned jet market.
After a grueling quarter of massive price destruction, a wave of opportunistic buyers has begun to surface and infiltrate the pre-owned jet market. The current economic environment coupled with the public flogging of private jets and their owners has created a sea of discounted jets in all shapes and sizes. There is a growing perception by many that now is the time to buy.
As prices eroded over the last six months, those who are fortunate enough to have the same budget to buy now find themselves eyeballing much more aircraft for their dollar than last year. For example, last year’s GIV-SP buyer could be this year’s GV buyer. As the GV has encroached upon the territory of the GIV-SP, the earlier model has shifted to a lower price point.
