Aopa Purchase And Sale Agreement

The SavvyPrebuy service agreement sets out what you can expect from Savvy during the prebuy. Be sure to read it carefully before you register and let us know if you have any questions. For most of our customers, the cost is only half. When you buy the aircraft and place it under SavvyMx management (like most of our Prebuy customers), we write 50% of the prebuy fee on your annual administration fee for the first year of SavvyMx. In most cases, your net cost for our Prebuy s management is only $375 for piston singles, $500 for piston twins, etc. If you decide NOT to buy the plane and decide that Savvy manages a prebuy for you on another plane, we will transfer as much of the unused portion of your prebuy fee to the next prebuy as we can. The amount we can transfer depends on the amount of effort that was spent on the Prebuy before you unplugged the socket, but we try to be as generous as possible. AOPA recommends that the buyer have a pre-purchase inspection of the aircraft conducted. It can be as little as an hour or two of a mechanic`s time until a full annual inspection by a mechanic with inspection authorization. Do a preliminary log check to make sure the aircraft is a good candidate for purchase and that there are no large stoppers or red flags. By checking the aircraft logs, we can learn a great deal about how and where the aircraft was operated; how, where and by whom it was maintained; and what should be the main concern and concentrations during the Prebuy trial.

IMPORTANT: We do the preliminary log review for free, and we prefer to do so before registering the aircraft for the Savvy Prebuy program, preferably before signing an agreement with the seller. We don`t want you to spend money on a Prebuy (including our fees) until we`re sure the plane is worth considering. IMPORTANT: We strongly advise you to use the standard sale/purchase contract of the AOPA-approved sector as a model for your agreement with the seller. If you are considering signing an agreement submitted by the seller or his broker, we urge you to have us review the agreement before signing it to ensure that there are no “Gotchas” in the agreement that could complicate your life. (If the agreement was made by the seller or his broker, you can bet that he is strongly in favor of the best interests of the seller and not yours.) If Savvy`s preliminary assessment indicates that the aircraft you are interested in looks like a good purchaser, the next step will be to make an offer for the candidate aircraft, have your offer accepted by the Seller and enter into a written conditional purchase/sale contract with the Seller.

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