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 9: Arrange Final Payment
At this point you will wire transfer the remaining balance due on the aircraft.
If you have arranged for financing, the Seller will need to send the financing company all the required documents including
the signed bill of sale. Once they receive the closing documents they will need your authorization to disburse funds.
If you are using an escrow service, the escrow company will prepare the closing documents including the Bill of Sale.
The seller will send signed documents to the escrow company and you will need to wire transfer them full payment of the aircraft.
All parties will be advised when all required documents and funds have been received. Funds will remain in escrow until you give final authorization for disbursement.
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