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Can I tap into the groups collective wisdom regarding the best process to
use when buying a used glider from another private owner. My first purchase seven years ago was easy, but I'd like to refresh my memory on all the things to do, and more importantly what not to do. The glider is nearly new, both in age and hours and was recently annualed. As is is half way across the States from me, getting an independant inspection will be tricky. I think I can check the logbook myself for current ADs and see obvious damage, that not getting it inspected feels like low risk. I will start out with a Title and Lien search on the glider registration. I have found out the need for the following forms: FAA Bill of Sale - Form AC 8050-2 FAA Aircraft Registration Application - Form AC 8050-1 Lien Release - Form AC 8050-41 Where a bank has a lien on the glider, what is the usual process for paying off the loan that the seller has and clearing the lien. Do we need two checks (one for the bank, and the balance to the seller), or just one check to the seller for the full amount. Any other things to do? Thanks Paul |
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