Frequently Asked Questions

Q: What will it cost me as the seller to sell my aircraft?

A: We charge a one time, nonrefundable $200 dollar entry fee to list your aircraft for our auction. All entry fees are applied to marketing costs. Our auctions are marketed nationwide via aircraft publications, targeted direct mail, opt-in email campaigns, press releases, blogs and other new media marketing. Your small entry fee combined with our marketing prowess is very powerful.

Q: What options do I have for auctioning my aircraft?

A: Your aircraft can sell live in front of our live crowd, in this case there may be tie down fees and obviously expenses to get your aircraft to the auction. Although having your aircraft in front of the live crowd is beneficial, you may also opt for our 'virtual only, live webcast' option. This allows you to keep your aircraft at home and we sell it virtually live via our webcast and also take auction pre-bids.

Q: What method do I use to pay the entry fee?

A: We have a secure financial link on our website for this. You can pay via credit card, e-check or paypal. If this does not work, then contact us and we can arrange other payment methods.

Q: What is my cost as the buyer?

A: There will be a 10% buyers’ premium upon the purchase of any aircraft or item. That means that when the buyer bids $10000 on an auction item, that buyer will pay $11000 plus tax at the register. We ask that as the buyer, you bear this in mind and bid accordingly.

Q: How do I know that my aircraft will not sell for less than it is worth?

A: There will be a reserve placed on most aircraft so as to ensure that it does not undersell. That reserve is set by the seller and will not necessarily reflect the listing price up to the day of the auction. We at FBT only ask that the reserve price be realistic. If the reserve price is set so high that the aircraft won’t possibly sell, then it is a waste of the seller's money and our time.

Q: When can I list my aircraft?

A: List Now! The sooner your aircraft is listed, the sooner we can advertise it and appeal to targeted buyers.

Q: Are you at FlyBoysToys also Brokers?

A: Yes, we are also a brokerage. Once your aircraft is consigned it may be sold at our live auction or via negotiated sale. In most instances your aircraft is consigned from the time of signing through 180 days after the auction. Most aircraft will close in just a few days however, this allows us ample time for closing and also there are times that a qualified buyer is identified through the auction process that might require more time to close due to 1031 concerns, etc. Although an auction event sale is our intent, sometimes the aircraft is sold prior to auction day when an exceptional offer is accepted by our seller.

Q: If I am at the auction in KEUL and I am interested in an aircraft that is not present, how can I watch it sell?

A: Utilizing our video feed and projection system, we will be showcasing those aircraft that are not on sight, virtually so that those attending the auction in person can take part if they desire. You can also pre-bid and/or bid live from anywhere in the world that has an internet connection. High speed is recommended to watch the video stream. Regular dial up will work as long as the audio/video portion is disabled.

Q: If I am interested in an aircraft at another location, how will I know “I am getting what I paid for?”

A: There is no subsitute for conducting your own 'due dilligence'. We attempt to help as much as possible by requiring all sellers to fill out aircraft disclosure forms. We also srongly encourage the sellers to get an independent inspection that we will post online as part of the Aircraft info packet. Buyers are welcome to conduct any inspections necessary and in fact are highly encouraged to do so. We know from experience that a well informed bidder is a better bidder.

Q: How will I get my money after the sale of my aircraft?

A: FBT has set up an Escrow account where the money will be held until the final title transfer. In the case of any unforeseen complications either with the aircraft, paperwork or finances this enables a third party financial institution to safeguard the money until which time the transfer of ownership is complete.