How to
Buy an Aircraft
Step 1:
Choose the Make/Model
that is Right for You
Step 2:
Get Pre-Qualified
for Financing
Step 3
Shop Around
Step 4
Research Your Aircraft
Step 5
Put a Deposit on the Plane/
Open Escrow Account
Step 6:
Pre-Purchase Inspection
Step 7
Verify the Aircraft
has a Clean Title
Step 8
Get a Quality
Insurance Policy
Step 9
Arrange Final Payment
Step 10
Closing Paperwork
Step 11
Pick Up your plane/
Schedule Delivery
Printable Version
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Aircraft Buyer's Checklist
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Step 6: Pre-Purchase Inspection
The pre-purchase inspection is the financial responsibility of the buyer and money well spent.
If there is anything wrong with the aircraft you want to know about it before you become the one
responsible to fix it. A mechanic of your choice will be hired to be your "technical guru".
He or she will be your eyes and your advisor at this point. To minimize the expense, we recommend
you find a mechanic near the aircraft to perform the inspection. We can help you locate a respectable
mechanic or give you a list of names in the local area for you to review.
In order to assist the mechanic in thoroughly examining your aircraft, you should supply the list of aircraft specifications along with a pre-purchase inspection checklist, required by some financing institutions.
Your mechanic will verify the spec list plus inspect the aircraft, its engine, avionics,
equipment and documentation. Afterwards, you will talk to your mechanic on the phone about the condition
of your aircraft, both mechanical and cosmetic. It is your responsibility to make sure you fully understand
the results of the inspection. If something doesn't make sense to you, ask questions or get a second opinion.
As long as the aircraft is found to be in the same
condition as advertised, the sale will proceed.
If something undesirable does comes up in the inspection, it doesn't necessarily mean the sale can't happen.
It just means both sides need to come to an agreement on a solution. The seller may opt to fix the problem
or renegotiate the price, either way; a solution is often possible that will make both sides happy. Remember,
you are buying a used aircraft, don't expect it to be in perfect condition.
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