You have been eyeing that particular airplane you saw online or in a magazine for a while. You know purchasing an aircraft is a significant investment for you and not something you are going to do without much thought. You also know you are not going to walk into a showroom, to a broker’s office, or meet with an original seller and handover a suitcase of cash to buy the plane from them. Like most people, you will need some financial backing, and you will have to secure a mortgage to buy your aircraft, meaning the plane itself will be used as collateral for you to obtain a loan. When you enter into an agreement like this, you will need to fill out a form and file it with the FAA. Unfortunately, FAA form 8050-98 can be cumbersome and complicated, and the last thing you want is to make a mistake and fill out the form incorrectly.
FAA Form 8050-98: A Confusing Form for Some
This form, also referred to by the FAA as an Aircraft Security Agreement, can seem dizzying when you first look at it. You can download the form 8050-98 from the FAA and print it out so that you can fill it out correctly. The language used on the form seems very formal and legal, as it should be, but this can make it hard for people to understand and fill out correctly. Mistakes are commonplace, where people neglect to fill out certain parts of the form or supply incorrect information, and then they send the form in with the processing fee. It will just be a matter of time before the form is returned to you because of the mistakes, meaning you must start all over again.
Stop Struggling with Forms
At the National Aviation Center, the last thing we want is to know you are struggling with FAA form 8050-98. That is why we have set up a system that can make filling it out and filing it much better for you. We let you do everything electronically, placing the form online so you can fill it out on our website. We have eliminated the confusing language you may find on the form to make things straightforward and easier to understand, so you are less likely to make a mistake. We also take the time to go over the information you submit to us, so we make sure the information is right before it gets to the FAA for processing.
Get Help with FAA Services
Instead of trying to fight your way through downloading and filling out an 8050-98, come to our site at the National Aviation Center and work with us. You can plug in all the information you need for the form and submit it all to us in just a few minutes and make your life much easier. If you ever have any questions about using our site or are having trouble with the form, you can always call us toll-free at (800) 357-0893, and a member of our staff will help you to get through everything successfully.