Owning your own aircraft can be a journey in its own right. At the beginning of your aviation career, if you are fortunate enough to purchase your own plane, you may start out small. After all, planes can be expensive, and in the earlier days of your hobby, you may not need something that can travel great distances or carry numerous passengers. In life and aviation, however, things can and do change. Maybe your skill level and airborne ambitions have exceeded what your current aircraft allows? If it is time to make an upgrade, and in turn sell your current aircraft, you will want to become familiar with the aircraft bill of sale form.
As an aircraft owner, you are probably somewhat acquainted with Federal Aviation Administration (FAA) paperwork. When you bought your first plane, you had to complete an FAA aircraft registration, which symbolized the beginning of your airplane documentation voyage. As your aviation career progresses, though, so can your paperwork needs. Read on to learn more about how the bill of sale form is used during an aircraft transaction.
Getting to Know the Aircraft Bill of Sale Form
After shopping around online and scouring private listings, you have found an aircraft that suits your more refined needs. Before you can close the deal on your new plane, however, you may find yourself needing to sell your current aircraft. Once you have found a buyer and negotiated a price that is agreeable to both of you, it is time to complete what is called a Form AC 8050-2 or, more casually, a bill of sale.
If you have ever bought, say, a car, you have probably encountered a bill of sale. This document is central to the ownership of a vehicle–or in this case, an airplane–changing hands. The Form AC 8050-2, which can be obtained through the FAA, will call for some basic information about yourself and your aircraft.
You should be prepared to provide your name and signature, as the seller. You will also want the buyer’s name and address. Some details about the plane involved will also be required–the make, model, serial, and N-number will need to be filled out.
With all of the pertinent information in place, you can then submit your bill of sale to the FAA’s office in Oklahoma City, Oklahoma. You can package your document in an envelope and submit it by mail for processing.
Process Your Documents Online with Our Help
Let’s face it: you do not want to spend more time than you have navigating paperwork when you could instead be navigating the skies. Fortunately, the National Aviation Center is here for all of your FAA documentation needs.
Take a moment and explore the menus on our website. You will find that we offer simple-to-use web forms for bills of sale, N-number changes, initial FAA registrations, and much more. We also employ an SSL-encrypted web portal, so you can rest assured knowing that your personal information is safely transmitted. To learn more, contact one of our helpful customer service agents today.