How to Buy an Airplane | Step by Step Process

In this video, I'm going to walk you through the process of buying an airplane step by step.
I recommend the following sites for your aircraft search:
www.trade-a-plane.com/
www.controller.com/
www.barnstormers.com/
www.wingswap.com/
Recommended Escrow Company:
www.aictitle.com/
Aircraft Purchase Agreement: www.aopa.org/-/media/Files/PP...
FAA Bill of Sale:
www.faa.gov/documentlibrary/m...
Aircraft Registration Application: www.faa.gov/forms/index.cfm/g...
💰 Get a FREE Stock join.robinhood.com/alexanb2675 💰
🚨DISCLAIMER🚨 This video is for informational purposes only. This video may not contain all possible details about purchasing an aircraft and the documents provided may be un-updated. Proceed at your own risk.

[@speedomars3869]

Once you decide an an aircraft (if used) the first main thing is to agree to the startout base price...then get the seller to agree to lower that price dependent on the pre-buy squawks found in the pre-buy inspection (this can cost as much as a whole annual). Also consider the cost of transition training if the seller doesn't include it. Then get an insurance quote based on the final sales price. The rest is just finishing the purchase and fying the plane home if it is airworthy and current (two things that also figure into the final price).

[@northeastaviationpro]

Great video!

[@AlexBengoechea]

Thanks :)

[@kadenabbott6546]

Great vid! Hey one question, do you have to get that final registration card from the FAA to be able to fly your new plane home or can you get like a temporary one and send the paperwork after you already have the plane? Just curious. Thanks

[@AlexBengoechea]

Thanks Kaden! :) You don’t have to wait! the registration application form serves as the temporary registration along with the Bill of Sale.

[@kushagramittal4275]

Amazing video,

[@AlexBengoechea]

Thanks :)

[@lazysfarmrawmilkdairy4280]

You mention doing a title search, how do you do that. Is there a specific company or online setup?

[@AlexBengoechea]

Yes here’s the website www.aictitle.com

[@holasoyalejandro9822]

is the escrow account the same one for real estate escrow

[@AlexBengoechea]

No it’s different. There’s a couple of specialized escrows for aviation