Aircraft Management, Acquisitions and Sales by Jecobra

Selling Your Phenom 300: Tips to Maximize Value and Attract Buyers

Brandon SappSeptember 19, 2024

I delivered my first Phenom 300 in 2010, the same year Instagram officially launched, One Direction formed as a band, and SpaceX conducted its first test flight of the Dragon spacecraft. I instantly fell in love with the aircraft; its fusion of cutting-edge technology, outstanding performance, reliability, and operational simplicity make it the premier choice for a light jet. It’s no surprise that the Phenom 300 has been the best-selling light jet for 13 consecutive years.

With 5000 hours of personal flight time in Phenom 300s and having facilitated numerous transactions, my passion for this remarkable jet remains as strong as it was 14 years ago. I have successfully guided many owners through the management and sale of their Phenom 300s. Here are my top tips to help you maximize the value of your Phenom 300 and attract the right buyers.

Presenting Your Phenom 300 at Its Best

  1. Detailed Maintenance Records

    Ensure your aircraft’s maintenance records are thorough and up-to-date. Buyers want to see a well-documented history, demonstrating that the aircraft has been meticulously cared for. Clean, organized, and complete records can significantly enhance the perceived value of your aircraft. I recommend paying for a professional logbook review BEFORE presenting the Phenom 300 to market, so you can stay ahead of any hidden gremlins or liabilities that may arise prior to a buyer conducting their own due diligence.
  1. Interior and Exterior Condition

    First impressions matter. Invest in detailing the interior and exterior of your Phenom 300. This includes a thorough wet wash, bright work, detailing the landing gear, etc. A spotless, well-maintained aircraft can leave a lasting positive impression on potential buyers. Consider professional cleaning services, minor paint repairs, or interior touch-ups to make your aircraft look its best.
  2. Avionics and System Upgrades – NXI upgrade 

    Up-to-date avionics and system upgrades can be a major selling point. Buyers are looking for aircraft with the latest technology to enhance safety and efficiency. If your Phenom 300 was delivered prior to ____, with a G1000 avionics package, consider upgrading it to G1000NXI before bringing it to market
  3. High-Quality Photos and Videos

    Visuals play a crucial role in attracting buyers. Invest in professional photography and videography to showcase your aircraft’s best features. High-quality images, videos, 360 interior tours can make your listing stand out and give buyers a clear sense of what to expect.

Setting the Right Price

  1. Market Research

    Conduct thorough market research to understand the current market value of your Phenom 300. We leverage our technology and industry relationships to compile real world past and present detail that paint the picture of the market conditions in real time. The preowned Phenom 300 market fluctuates over time just like the NYSE or NASDAQ, but here at Jecobra we believe the truth is timeless. We tell you the truth, not overinflated fantasy values to entice you that we can sell your airplane higher than the next guy. While our reputation stands out as being able to get the most for your Phenom 300, leading with false expectations is never part of our mission. Setting a competitive and realistic price is key to attracting serious buyers.
  2. Professional Appraisal

    Consider getting a professional appraisal to accurately assess your aircraft’s value. An appraisal can provide an objective evaluation and support your asking price, and allow buyers to have an understanding of what lenders are capable of financing in the event they choose to finance the aircraft.
  3. Flexible Pricing Strategy

    Be prepared to negotiate. Setting a slightly higher initial price can give you room to negotiate while still achieving your desired sale price. Flexibility can help close deals faster and keep potential buyers engaged.

Effective Marketing Strategies

  1. Targeted Advertising

    Utilize targeted advertising to reach the right audience. Identify potential buyers in specific markets or industries and tailor your advertising efforts accordingly. Digital platforms, industry publications, and aviation marketplaces are great places to start.
  2. Leverage Social Media

    Social media is a powerful tool for reaching a wide audience. Share your listing on platforms like LinkedIn, Facebook, and Instagram. Engage with aviation communities and groups to spread the word about your Phenom 300.
  3. Professional Brokerage Services

    Partnering with a professional brokerage firm like Jecobra can streamline the selling process. Brokers have extensive networks and marketing resources to help you reach a broader audience and secure the best deal.

Highlighting the Unique Features of Your Phenom 300

  1. Performance and Efficiency

    Emphasize the performance and efficiency of the Phenom 300. Highlight its range, fuel efficiency, and operating costs. Buyers are often looking for an aircraft that delivers both performance and value.
  2. Unique Upgrades and Customizations

    If your Phenom 300 has unique upgrades or customizations, make sure to highlight these features. Custom interiors, advanced avionics, pilot seat extenders, heated baggage, CPDLC, 2nd transponder, maintenance programs, Wifi, and other unique additions can make your aircraft stand out.

Navigating the Sales Process

  1. Professional Negotiation

    Negotiation is a critical part of the sales process. Be prepared to discuss terms and conditions professionally. Understanding the buyer’s perspective and being willing to compromise can lead to a successful sale.
  2. Clear Communication

    Maintain clear and transparent communication with potential buyers. Promptly respond to inquiries and provide all necessary information. Transparency builds trust and can facilitate a smoother transaction.
  3. Legal and Financial Considerations

    Ensure all legal and financial aspects of the sale are handled professionally. Work with legal and financial advisors to draft contracts, manage escrow accounts, and complete all necessary paperwork. This helps protect both you and the buyer during the transaction.

Conclusion

Selling your Phenom 300 is a significant undertaking, but with the right strategies, you can maximize its value and attract the right buyers. By presenting your aircraft at its best, setting the optimal price, utilizing effective marketing strategies, and navigating the sales process professionally, you can achieve a successful sale.

At Jecobra, we are dedicated to assisting our clients through every step of the process. If you’re considering selling your Phenom 300, reach out to us for expert guidance and support. We are committed to ensuring your sale is as smooth and profitable as possible.

Brandon Sapp

Managing Partner
Founder and Managing partner of Jecobra Aviation with 10K hours of flight time and 25 years experience in aircraft sales, acquisitions, management and operations.