PREPARATION BEFORE THE EVENT
THE "NO RESERVE" OPTION
If you decide to sell your aircraft "No Reserve" your aircraft will be sold to the highest bidder regardless of the amount of the bid offered. Typically, "No Reserve" aircraft generate a higher, more frenzied level of bidding activity because the buyers know that the aircraft will be sold to the highest bidder. A consignor can also decide to auction their aircraft at "No Reserve" during the bidding process. Make no mistake, "No Reserve" aircrafts can generate the most exciting moments at the auction. Make your decision carefully or ask our staff for assistance.
SHOWTIME AT THE AUCTION SITE
AFTER THE GAVEL FALLS:
Sold! All information relevant to the sale of the aircraft will be provided to you after receipt of the 5% fee. It will be the sole responsibility of the buyer & seller to negotiate method of delivery & transfer of the aircraft.
We make selling your aircraft easy. Fill out the consignor agreement to create a aircraft profile. You will then have the ability to load as many as 12 pictures of your aircraft on the website. Please include pictures of both the interior and exterior. List your aircraft's equipment and tell potential buyers about your aircraft's history. Please include a scanned copy of your maintenance log books in a PDF form. Log books can easily be scanned at Kinko's, Office Max, Office Depot and Staples. The more information you provide about your aircraft the better chance of you have of selling it. You will be able to make changes to the aircraft profile up to 48 hours before the auction.
HOW DO I CONSIGN MY AIRCRAFT?
The first step in the Consignment process is filling out a Consignment Application and Agreement complete with photos and a copy of owner documents and registration, front and back. After we have received the Consignment Agreement, we will contact you with more information on pricing, estimated value and availability at upcoming auctions.
WHAT IS THE BENEFIT OF DECIDING TO SELL WITH "NO RESERVE"?
A "No Reserve" sale attracts serious bidders. An aircraft being sold with "No Reserve" indicates that it will be sold to the highest bidder and generates true auction block excitement, which typically equates to higher bids. The "Reserve" can also be removed by the consignor during the bidding process.
WHAT IS MY AIRCRAFT WORTH?
Flight Level Aircraft Auctions does not guarantee values or prices for particular aircraft. No agent of Flight Level Aircraft Auctions can guarantee values or prices as a result of the auction process. We will work with you to determine an estimated auction value, but the final price is ultimately determined by the Bidders.
WHAT DOES IT COST TO SELL MY AIRCRAFT?
To sell an aircraft at Flight Level Aircraft Auctions, the Consignor is responsible for an entry fee as well as a Sellers premium of 5% of the bid price. The entry fee is a flat $250 if consigned prior to 7/19/10 or $450 if consigned after. Payment of fees without a signed contract does not constitute a consignment agreement.
IF I AM CONSIGNING AN AIRCRAFT CAN I BID ON ANOTHER AIRCRAFT?
Absolutely! No additional paperwork is required. Just pick up a bidder number from our desk on auction day.
DO THE OWNER DOCUMENTS HAVE TO BE IN MY NAME TO CONSIGN AN AIRCRAFT?
Yes, unless you are a Dealer, a Broker or the aircraft is in a business or company name and you are a principal or officer of the corporation i.e. president, CEO, CFO, or Secretary Treasurer.
HOW DO I GET MY AIRCRAFT TO THE AUCTION SITE?
It is the Consignor's responsibility to get the aircraft to the auction site. Flight Level Aircraft Auctions can assist in ferrying your aircraft.
WHEN DO I NEED TO DELIVER MY AIRCRAFT?
Checking in early is recommended to avoid long lines and time constraints, plus you will have maximum exposure to potential buyers. please contact your Flight Level Auctions representative to schedule a delivery time. It is recommended 24 hours in advance. Check with Fond du Lac (KFLD) officials for airport open and close schedule. Aircraft must arrive at least 24 hours prior to the auction event.
DO I HAVE TO BE THERE WHEN MY AIRCRAFT ARRIVES?
No, if your paperwork is complete. However, if the paperwork isn't complete, your aircraft will then be held in a holding area until all required documents are received and your N number is verified.
I AM PARTICULAR ABOUT MY AIRCRAFT; HOW CAN I BE ASSURED THAT IT WILL BE TREATED WELL?
Many of our people are pilots and appreciate fine equipment. All ground crews are trained, experienced and work with new equipment when positioning your aircraft. Every effort is made to handle your plane just as you would.
DO I HAVE TO BE THERE WHEN MY AIRCRAFT SELLS?
We encourage either the Consignor or a Representative to be with the Aircraft on the auction site. After all, who knows your aircraft better than you? You should also be available to answer questions regarding your aircraft's condition and history.
CAN I COVER MY AIRCRAFT WHEN IT IS LEFT IN ITS CONSIGNMENT SPACE?
Yes, but it is your responsibility to uncover your aircraft for viewing and storage of your cover.
CAN I BRING AND DISPLAY ITEMS WITH MY AIRCRAFT?
Yes, we encourage such things as copies of documentation, all logs, and any awards to be displayed. However, keep in mind that you have limited space, therefore, be selective about the items you choose to display.
WHAT DO I DO WITH DOCUMENTATION OR PROPERTY THAT GOES WITH THE AIRCRAFT?
Flight Level Aircraft Auctions has created a Property Room to secure and collect all of the aircraft logs, documentation and special items that go with the sale of each auction aircraft. We recommend that you remove all of your personal property from the aircraft before you check-in. Copies of your important documents and logs are helpful to showcase the provenance of an aircraft while on display at the event.
ONCE CHECKED INTO MY ASSIGNED LOCATION, CAN I MOVE MY AIRCRAFT?
Due to logistical issues, we cannot allow aircraft to be moved once it has been parked in the staging area for the auction. We suggest throughout the day of the sale you be near your aircraft to greet prospective buyers or post times on the aircraft you will be available to answer questions.
WHEN WILL MY AIRCRAFT SELL ON THE BLOCK?
Flight Level Aircraft Auctions cannot predict the exact time your aircraft will cross the auction block. Each individual aircraft takes a different amount of time to sell. Also, Flight Level Aircraft Auctions reserves the right to add additional lot numbers. A Flight Level Aircraft Auctions representative will be able to tell you what day your aircraft will sell along with an approximate time.