Hi guys,
Have any of you sold an aircraft but loaned part of the sale price to the new buyer and been paid off in installments? In other words executing a "CONTRACT FOR CONDITIONAL SALE" as the seller I think? My lawyer is not an airplane guy and is looking for some samples. We're in Airizona.
He has found conflicting guidance about doing the FAA Form 8050-2 "bill of sale"
A little help please spoon feeding this guy cuz at $300/hr his learning curve needs to be steeper. thanks
Chevy
Have any of you sold an aircraft but loaned part of the sale price to the new buyer and been paid off in installments? In other words executing a "CONTRACT FOR CONDITIONAL SALE" as the seller I think? My lawyer is not an airplane guy and is looking for some samples. We're in Airizona.
He has found conflicting guidance about doing the FAA Form 8050-2 "bill of sale"
A little help please spoon feeding this guy cuz at $300/hr his learning curve needs to be steeper. thanks
Chevy