Savvy charges a fixed one-time fee that varies with the complexity of the aircraft involved. In most cases, this fee is $750 for piston singles and $1,000 for piston twins, $1,500 for single-engine turboprops, and $2,000 for single-engine very-light jets.
For most of our clients, the cost winds up being only half of that. If you purchase the aircraft and place it under SavvyMx management (as most of our prebuy clients do), we credit 50% of the prebuy fee against your first-year SavvyMx annual management fee. So in most cases your net cost for our management of the prebuy is just $375 for piston singles, $500 for piston twins, etc.
If you opt to place your new-to-you aircraft in the SavvyQA consulting program instead (e.g., because the aircraft doesn’t qualify for SavvyMx), we’ll also credit you 50% of your first-year SavvyQA fee.
If you decide NOT to purchase the aircraft and choose to have Savvy manage a prebuy for you on another aircraft, we will transfer as much of the unused portion of your prebuy fee to the next prebuy as we can. How much we can transfer depends on how much effort was expended on the prebuy before you pulled the plug, but we try to be as generous as we can.
IMPORTANT: The fees discussed above are for Savvy’s management of your prebuy. In addition, you will need to pay the labor charges invoiced by the shop Savvy selects to perform the physical examination of the aircraft. For most piston singles, expect the labor to run 8 to 10 hours; the hourly rate can vary between $70 and $120 depending on geographic location. Depending on your arrangement with the seller, you may also need to bear some or all of the cost of ferrying the aircraft to and from the prebuy shop. So for a piston single, figure on an all-inclusive cost of something between $1,500 and $2,000. (That’s money well-spent to make sure you’re not buying a lemon.)