Southeast Aerospace exchanges are based on the return of an undamaged, economically repairable core unit with identical part number as the unit shipped to the customer. An "economically repairable" core is defined as one where the cost to repair/overhaul (or Repair Cap) does not exceed 75% of the original SV/OH exchange price billed. Should the Repair Cap exceed 75%, the customer will be billed the additional amount. In the event this amount exceeds the Outright Price for the unit, the customer would only be billed the difference between the Outright Price and SV/OH Exchange Price with the core returned as-is to the customer.
Here is an example of such a transaction:
$1000 Exchange Price charged to customer
$1000 x .75 = $750 Maximum Allowable core repair charge or Repair Cap
$2000 Cost to repair core unit
- $750 Less Core repair cap
$1250 Additional billing amount.
2250.00 Total Cost of transaction
SEA offers exchange on new items as well. However, repair cap as indicated above is still based on SV/OH exchange price.