VREF Inc.

VREF Inc. | Aircraft Valuation, Appraisal & Market Intelligence Platform

Core Services & Expertise

VREF Inc. is the world’s leading independent aircraft valuation company established in 1994 providing comprehensive aircraft valuation services, market data, and appraisal expertise to aviation professionals globally. The company brings 31+ years of industry expertise and processes 100,000+ valuations monthly across all aircraft types and categories.

Core services include VREF Online real-time aircraft valuation software platform; VREF Aircraft Valuation Quarterly Guidebooks providing archived historical valuation data; USPAP and IVS-compliant Certified Aircraft Appraisals performed by Accredited Senior Appraisers; VREF Verified Opinion-of-Value Reports with same-day delivery; Residual Value Reports; Diminution of Value Appraisals; Legal Advisory Services with expert witness testimony; and specialized aircraft reports including chain of title, lien searches, and FAA records analysis.

VREF maintains comprehensive database tracking 9,200+ aircraft models and 810,000+ aircraft serial numbers supporting accurate market comparable analysis and valuation research.

Geographic Reach & Capabilities

VREF operates from headquarters in Buffalo Grove, Illinois with 40+ appraisal specialist locations nationwide enabling rapid on-site inspection access across the United States. The company serves global aviation market with clients spanning banks, insurance companies, operators, owners, maintenance facilities, and financial institutions worldwide.

Real-time valuation platform provides internet-based access to current aircraft valuation data, performance specifications, optional equipment pricing, and modification valuations.

Industry Credentials & Partnerships

VREF was established in 1994 with 31+ years of continuous aircraft valuation operations. The company maintains strict compliance with Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS) with all appraisals performed by Accredited Senior Appraisers (ASA). Accredited appraiser team brings combined hundreds of years of aircraft valuation expertise.

The company’s extensive database represents over three decades of aircraft market data collection, transaction analysis, and pricing research. Federal and State Court expert witness experience demonstrates professional credibility and litigation support capability.

Aircraft Valuation Services

VREF Certified USPAP Appraisals provide comprehensive aircraft valuation covering corporate jets, executive aircraft, general aviation (piston and turboprop), commercial narrow-body and wide-body aircraft, helicopters (piston and turbine), engines, and specialized aircraft (experimental, warbird, antique, museum-level). Desktop Appraisals utilize detailed installed equipment lists (avionics, optional equipment, STCs, modifications), comprehensive logbook review, and photographic documentation.

On-site Appraisals include physical aircraft inspection and detailed condition assessment. Diminution of Value Appraisals determine aircraft value following accident or incident with detailed damage analysis and Fair Market Value determination.

Valuation Methodology & Market Data

VREF valuations utilize proprietary databases combining financial institution closings, advertised aircraft inventory, published valuation information, previous appraisals, historical transaction data, and real-time market trend analysis. Valuation reports include Retrospective Value, Current Fair Market Value, Orderly Liquidation Value, and forward-looking residual value projections.

Market analysis incorporates average days-on-market data for comparable aircraft and current aviation market trends. Historical valuation data archived dating back to aircraft delivery enables trend analysis and market position assessment.

Client Applications

VREF valuations support aircraft acquisition and disposition decisions through aircraft sales transaction support, financial institution collateral documentation and loan portfolio support, insurance claim assessment and value verification, lease residual value determination, estate and probate valuation, litigation and expert witness testimony, taxation and capital gains assessment, charitable donation substantiation, and aircraft financing qualification.

The company’s Legal Advisory Services specialize in diminution of value assessments representing plaintiffs, defendants, insurers, financial institutions, and manufacturers in corporate litigation.

Appraisal Products

VREF Online subscription platform enables real-time aircraft profile building, customized valuation generation, and report saving with monthly or annual pricing options. VREF Aircraft Valuation Guidebooks published quarterly provide offline access to archived historical valuation data with annual subscription delivery of four quarterly publications.

VREF Verified Opinion-of-Value Reports deliver same-day professional value assessment with Certificate of Value for transactions not requiring full USPAP certification. Enhanced reports available with chain of title searches, lien verification, and comprehensive FAA records analysis.

Client Benefits & Advantages

• 31 years global aircraft valuation expertise
• 100,000+ monthly valuations processed
• 40+ nationwide appraisal locations for on-site inspection access
• Accredited Senior Appraisers with hundreds of combined years experience
• USPAP and IVS compliance with court-recognized standards
• Real-time online valuation platform with instant report generation
• Comprehensive aircraft database: 9,200+ models, 810,000+ serial numbers
• Expert witness litigation support and testimony capability
• Specialized diminution of value and damage assessment expertise
• Historical market data spanning 31+ years

Quick Facts

• Founded: 1994
• Years Operating: 31+ years
• Headquarters: Buffalo Grove, Illinois
• Appraisal Locations: 40+ nationwide
• Monthly Valuations: 100,000+
• Annual Desktop Appraisals: 3,000+
• Aircraft Models Tracked: 9,200+
• Aircraft Serial Numbers: 810,000+
• Core Services: VREF Online platform, valuation guidebooks, USPAP appraisals, opinion-of-value reports, residual value reports, diminution of value assessments, legal advisory services

Contact Details

Address: 318 Half Day Road, Unit #313, Buffalo Grove, IL 60089
Email: info@vref.com
Website: www.vref.com

Location