As soon as you saw that first picture of that airplane on a website, you knew it was going to be the one for you. The plane looked pristine, the details seemed to fit what you wanted, and the price was right within your budget. You heard yourself screaming, “sold” at your computer screen and typed a message to the owner that you were interested in buying the plane. While you nervously wait for a reply, it might be a good time to take a breath and think some more about the aircraft before you agree on a deal. Take some time to do some homework so you can be sure it is the ideal investment for you. The best way for you to do this is to seek out an airplane abstract of title for this aircraft.
Why Get an Abstract of Title?
Technically speaking, there is no legal requirement for you to get an abstract of title. You could just go forward with the deal and close the transaction as soon as you have all the financing and paperwork in place. However, getting an abstract can be a significant asset for you as a potential buyer. Knowing as much as you can about this plane matters, and the abstract can supply you with a summary regarding the airplane you like. Data such as the manufacturer of the plane, the date it was built, the engine, and more can make a big difference to you. You can also learn about any liens that exist on the plane. This can go beyond the current mortgage and include any vendors or mechanics that have placed liens so that they can get paid.
Where do You Get an Abstract?
An airplane abstract of title is something that is issued by the FAA. The FAA maintains all the registration records for every commercial and private plane in the United States. When you request an abstract, the FAA pulls the data for you from their database and sends it to you. Naturally, you will need to fill out a form to request the abstract. You will need to know the registration number of the plane so they can be sure to pull the correct information for you. You also will have to pay an application and processing fee.
Assistance with an Abstract
Getting an airplane abstract of title may seem straightforward, but the truth is it can be confusing and complicated. That is why we at the National Aviation Center can be there to assist you. We are an outside agency that handles processing to the FAA for clients like you. You will find the abstract form on our website so you can fill out the application electronically and submit it to our agency. Our experts check it over for you, so you are sure there are no errors to cause problems before we send it to the FAA for you. In no time at all, you can get the background you want and be sure that this is the airplane you should purchase.