For some, aviation is a lifelong hobby and pursuit. From the moment you get your pilot’s license, chances are you will want to spend as much of your free time as possible roaming the skies. You can hardly be blamed–flying your own aircraft is an especially freeing experience. As your aviation career evolves, however, so too may your personal aircraft needs. The first plane you purchase may not end up being yours for life. Maybe you will want something bigger, allowing you to travel farther? Regardless of the circumstances, if you end up selling your plane to another individual, you will want to understand how to complete an aircraft bill of sale form.
While taking off in your plane can be liberating–the worries of daily life far below you–it is not a passion that precludes paperwork. From your FAA aircraft registration and beyond, you can expect to navigate a fair amount of bureaucratic matters over the course of your time as a pilot. By having a solid base of knowledge with regards to what you can expect, you can better position yourself to complete the forms that you need in a complete and timely fashion.
Completing Your Aircraft Bill of Sale Form
The secondary market for personal aircraft is considerable. This is largely due to the fact that owning your own plane can be cost-prohibitive. In truth, a lot of money can be saved by purchasing a previously used, well-maintained airplane. When such a transaction occurs between two individuals, a Form AC 8050-2 must be completed and submitted to the Federal Aviation Administration (FAA).
This document also referred to as a bill of sale, will ask for a collection of details about yourself, the aircraft, as well as the plane’s new owner. You should be prepared to provide the following information:
- Your plane’s N-number
- The make, model, and serial number for the aircraft in question
- The name and address of the plane’s buyer
- The name and signature (also title, if necessary) of the individual selling the aircraft
Once your Form AC 8050-2 has been comprehensively filled out, you will need to submit it to the FAA’s offices in Oklahoma City, Oklahoma for processing. This can be done using the United States Postal Service.
A Simpler Way to Submit Your FAA Documentation
If locating forms on the FAA’s website, printing them out, and getting them to the post office sounds like a bit of a hassle, you will be pleased to know that there is a simpler way. At the National Aviation Center, we are a private service that specializes in helping busy plane owners submit their FAA documentation online. Using our easy-to-complete web forms and SSL-encrypted portal, you can complete and process your documents in just a matter of minutes.
From initial registrations to bills of sale, the National Aviation Center has everything you need on one convenient website. To learn more, take a few minutes to browse our website, or contact us by phone or email today.