If you are upgrading your existing aircraft, Jack Prewitt & Associates will accept your airplane in trade or pre-sell it for you. Your company can rely on a guaranteed purchase commitment from us for an existing aircraft with the option of considering any other aircraft as a replacement. The transaction will be shown as a trade, which should result in substantial tax savings. The acquisition price is less than the projected retail value of the aircraft in order for Jack Prewitt & Associates to cover holding costs and market risk factors. In many cases however, the tax savings by trading an aircraft will offset or can even exceed the difference.