Flight Training - July 2015 - 37

to try to find an independent mechanic
who will travel to the seller's airport.
"The vintage Cessna 180 I bought was
located several states away and I didn't
have time to do my own prebuy flight
or inspection," said Pribyl. "It was out
of annual and I agreed to use the shop
that had done the previous maintenance
and inspections, as recommended by the
owner. If I did it again, I'd inspect the airplane personally and have an independent
mechanic do an annual or the prebuy."
Issues that pop up during the prebuy
inspection can be negotiated into the final
sales price. Drawing up a sales agreement
with the terms and conditions of the sale,
including the items to be fixed during
the prebuy, can protect both you and the
seller if a disagreement should arise.
Before money changes hands, the seller
should be able to show that the airplane
has an airworthiness certificate, engine
and airframe logbooks, aircraft equipment

list, weight and balance data, required
placards, and FAA-approved aircraft flight
manual or owner's handbook.
DON'T FORGET THE TAX MAN

Depending on where you purchase the
airplane, and where you base it, you may
be subject to sales or use tax. You'll want
to investigate carefully your own situation. AOPA's The Pilot's Guide to Taxes
can help you (www.aopa.org/The-PilotsGuide-to-Taxes#2), but if you have special
circumstances or are considering using
the airplane for business purposes, consult a tax specialist.
As you fly your airplane home, revel in the
moment. This is your dream machine. And,
while you may be adopting the "I drive an
old car so I can fly an old airplane" lifestyle,
it's a lifestyle you won't regret.
Technical Editor Jill W. Tallman owns a Piper
Cherokee 140.

RESOURCES
* Aircraft costs calculator (www.aopa.org/apps/
iforms/opcosts/OpCostsInstructions.cfm)
* Aircraft fact sheets: a database of information
on nearly 100 aircraft, including specifications and additional resources (www.aopa.
org/Pilot-Resources/Aircraft-Ownership/
Aircraft-Fact-Sheets).
* Vref can help AOPA members determine an
aircraft's value online (https://www.aopa.org/
Pilot-Resources/VREF-Aircraft-Valuation).
* AOPA Aviation Finance offers financing for GA
aircraft (http://finance.aopa.org/).
* AOPA Insurance Services (http://insurance.
aopa.org/aviation/owners-insurance).
* Forms: Aircraft bill of sale (www.faa.gov/documentLibrary/media/form/ac8050-2.pdf); sample
aircraft purchase/sales agreement (https://www.
aopa.org/Pilot-Resources/Aircraft-Ownership/
Sample-Purchase-Sales-Agreement); application
for U.S. airworthiness certificate (www.faa.gov/
documentLibrary/media/Form/FAA_Form_81306_4-11.pdf).

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http://www.aopa.org/apps/iforms/opcosts/OpCostsInstructions.cfm http://www.aopa.org/apps/iforms/opcosts/OpCostsInstructions.cfm http://www.aopa.org/Pilot-Resources/Aircraft-Ownership/Aircraft-Fact-Sheets http://www.aopa.org/Pilot-Resources/Aircraft-Ownership/Aircraft-Fact-Sheets http://www.aopa.org/Pilot-Resources/Aircraft-Ownership/Aircraft-Fact-Sheets https://www.aopa.org/Pilot-Resources/VREF-Aircraft-Valuation http://www.aopa.org/The-Pilots-Guide-to-Taxes#2 https://www.aopa.org/Pilot-Resources/VREF-Aircraft-Valuation http://www.aopa.org/The-Pilots-Guide-to-Taxes#2 http://finance.aopa.org/ http://insurance.aopa.org/aviation/owners-insurance http://insurance.aopa.org/aviation/owners-insurance http://www.faa.gov/documentLibrary/media/form/ac8050-2.pdf http://www.faa.gov/documentLibrary/media/form/ac8050-2.pdf https://www.aopa.org/Pilot-Resources/Aircraft-Ownership/Sample-Purchase-Sales-Agreement https://www.aopa.org/Pilot-Resources/Aircraft-Ownership/Sample-Purchase-Sales-Agreement https://www.aopa.org/Pilot-Resources/Aircraft-Ownership/Sample-Purchase-Sales-Agreement http://www.faa.gov/documentLibrary/media/Form/FAA_Form_8130-6_4-11.pdf http://www.faa.gov/documentLibrary/media/Form/FAA_Form_8130-6_4-11.pdf http://www.faa.gov/documentLibrary/media/Form/FAA_Form_8130-6_4-11.pdf http://www.piper.com

Flight Training - July 2015

Table of Contents for the Digital Edition of Flight Training - July 2015