Auction FAQs:

Q: How many qualified bidders will be interested in/bid on my aircraft?

A: The earlier you consign your aircraft; the more time Assent will have to market and engage with qualified buyers on your behalf. We cannot guarantee a bidding war, or even serious interest, but we can guarantee your aircraft will stand out as the most enticing aircraft to qualified buyers in the respective fleet. The marketing value we deliver will help sell your aircraft, possibly even prior to auction.

Q: When is the latest I can sign up my aircraft for the auction?

A: Although well intentioned, that is the wrong question. The longer you wait, the less marketing exposure your aircraft will have. We will accept applications until one (1) week prior to auction.

Q: What if bidding doesn’t reach my reserve or minimum bid?

A: Negotiation will continue off the auction block in an attempt to sell the aircraft.

Q: Can I change my reserve number after application?

A: Yes, but it must be in writing to the auction house twenty-four (24) hours prior to auction. The auctioneer will be working to maximize the sale even after the reserve number is reached. You can always lower or remove the reserve during auction.

Q: Can I bring my aircraft with fresh maintenance or a fresh pre-purchase inspection to raise the perceived value an entice buyers?

A: Absolutely! We recommend it. Make sure you bring the work-scope and findings to the auction along with your logbooks.

Q: I want to attend to bid, but I won’t be able to make those dates.

A: You can arrange to have a buyer representative conduct your due diligence and bid on your behalf with both: a notorized proxy bid agreement, and Assent’s approval.

Q: I want to sell my aircraft at auction, but I cannot be there personally for the auction.

A: No problem. We can handle the arrangements and will make expectations clear with you prior to the auction.

Q: How will closing be handled?

A: All documentation will be sent to winning buyer and seller electronically immediately following the sale of the aircraft. Paperwork will be prepared well in advance of the auction, minus the purchasing party and final sale price.

Q: How long do I have to relocate my plane?

A: Five (5) business days after the gavel falls.

Q: Do I need to arrange my own pilot(s) to fly the aircraft away?

A: Yes.

Q: Who has operational control and liability for the aircraft before, during and after the auction?

A: The seller retains operational control and liability for the aircraft before and during the auction. The winning buyer is legally recognized as the new owner immediately as the auctioneer says “sold” and the gavel falls, and therefore assumes aircraft control and liability for any loss.

Q: Will there be internet, phone or absentee bidding allowed?

A: Not for the Q4, 2019 auction.

Q: Who is responsible to pay sales tax?

A: The buyer.

Q: How much will it cost to sell my aircraft at auction?

A: You will need to factor in relocation costs, fuel purchase, detailing, reserve fee (if applicable), and commission(s) to your broker and/or to the auction house based upon a sliding scale of loan value and aircraft type.

Q: What if my plane has many overdue inspections or service bulletins?

A: If it can legally fly (with a ferry permit) to the auction, it can be sold. But all outstanding inspections, airworthiness directives, and service bulletins must be disclosed.

Q: I have an aircraft (or multiple) that cannot be flown to the auction location. Can we still participate in the auction?

A: We might be able to accommodate. Email us details: consignments@assentaero.com or call us at 817-888-8227.

Q: I have a broker representing my aircraft, should I part with them?

A: Absolutely NOT! Your broker will be extremely valuable before, during and after the auction. It is very likely that you will receive an offer on your aircraft prior to auction with Assent + your broker’s marketing efforts. At the auction, your broker will be managing your aircraft, answering buyer questions and increasing their interest.

Q: Do I need a broker to buy an aircraft at auction?

A: Although it isn’t required, we think it is a great idea to not only have a broker, but a technician familiar with the aircraft in which you are interested. You will have ample time to conduct visual inspections, peruse electronic maintenance reports and do logbook research on site before buying.

Q: I have absolutely no idea what my plane is worth. Can you help me gauge the value?

A: Of course! Email info@assentaero.com or call us at 817-888-8227.

Q: If I’m selling an aircraft at auction, but I’m also interested in bidding on other aircraft, do I need to register as a bidder?

A: Yes.

Q: I have an aviation company and I’m interested in displaying/advertising at the auction. Do you accept sponsors or partnerships?

A: We would be happy to speak with you: info@assentaero.com or call us at 817-888-8227.

Q: Will my aircraft be safe during the auction?

A: Yes. Assent has professional security on site. Only credentialed and vetted badge holders and staff will have access to your aircraft.

Q: What is the chance of bad weather during the auction?

A: Locals will tell you if you don’t like the weather, just wait, it will change by the afternoon. Fort Worth Texas averages only 2.5” of rain over the course of 6 rainy days in December. The average high is between 57 and 63 degrees.

Q: Will there be detailing services at the auction?

A: Yes. We highly encourage you to have a clean aircraft to present to buyers.

Q: How long is the runway at Fort Worth Spinks Airport?

A: 6,002 feet

Q: What are the closest commercial airports to Spinks?

A: DFW International is 35 minutes away by car. Dallas Love Field is 50 minutes.

Q: Can I purchase fuel at Harrison Aviation?

A: Yes. All auction aircraft are required to top-off with fuel upon arrival, and cross the auction block with a full load of gas.

Q: Where is Spinks Airport, and what is there to do outside of the auction?

A: Spinks Airport is 15 minutes south of downtown Fort Worth, Texas, 45 minutes southwest of Dallas, Texas, and 28 minutes west of AT&T Stadium where the Cowboys play the LA Rams on December 15th! The DFW area is known for BBQ and Tex-Mex restaurants, great golf courses, a number of amusement parks, the only year-round rodeo in the Historic Stockyards of Fort Worth, and plenty more!

If you have a question or a comment please do not hesitate to Contact Us.