Aviation can be something of a unique hobby. While some opt to spend their weekends out on a boat or hunting in the woods, you choose to take to the skies. There is an undeniable sense of freedom that comes with piloting your own plane, and for some, that taste of liberation is too hard to resist. Another draw to aviation is that it can be a lifelong hobby–pilots of all ages are known to cruise the skies. Of course, as your life evolves, so too may your airplane needs, and on occasion, you may find yourself selling your current plane or purchasing a new one. Whether you are looking to upgrade, or if it is time to downsize, there is a bit of paperwork that will need to accompany your transaction. To be a bit more precise, you will need to complete an FAA Form 8050-2 – Bill of Sale and provide it to the Federal Aviation Administration (FAA). Fortunately, at the National Aviation Center, we have an online solution that can save you considerable time and energy.
If you have some background as an aircraft owner, you understand that a lot of due diligence goes into purchasing an airplane. In part, this is because there are a wide array of options available, from small prop planes to larger commercial aircraft. Of course, there is also the fact that planes are uniquely expensive. Outside of purchasing a home, buying an airplane may be one of the most significant investments you ever make, so it stands to reason that you would do a bit of research first. Whether you happen to be on the buying or selling end of a transaction involving an airplane, once a price is negotiated, there are still a couple of bureaucratic steps to take before the deal is final. By completing your FAA bill of sale online, though, you can help ensure that your transaction is carried out as smoothly as possible.
Getting to Know the FAA Form 8050-2
You have gone and done it. You managed to finalize the transaction of a lifetime, and now you have a plane all your own. Before you can emerge from the hangar and take off, though, you probably want to double-check that your paperwork is in good order, and that starts with the bill of sale. This document, which you can obtain from the FAA’s website, will ask you for some basic information about the plane such as its N-number, make, model, and serial number. You will also need to provide some details about the buyer and seller. Once completed, the purchaser will want to submit this form, along with an FAA Form 8050-1 – Aircraft Registration Application to the FAA’s offices for processing.
Complete Your Bill of Sale Online
At the National Aviation Center, we have fillable web forms for bills of sale, registration applications, and much more. To learn more about how we can help a pilot such as yourself, visit our Frequently Asked Questions page, or contact us by phone or email.