buy in calculation

[Bob Irving]

Thank you, Bob. There are numerous 172s better than 976 or 081.  But if we
buy something other than 976 or 081 we would need somebody to sign
personally for the loan. 

 

Bob

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Bob McAloon
Sent: Saturday, April 18, 2009 8:24 AM
To: Eagle East Flying Club Core Team
Subject: Re: buy in calculation

 

Hello all,

 

    FYI... there is a 1974 172M for sale on Ebay (item number 200327650509)
that is supposedly IFR. High TT and engine is also at TBO but thought it
might interest you to use as a comparison to 081 or 976. I'm not suggesting
this would be an alternative,  just something to use as a reference... 

 

Thanks, Bob McAloon

----- Original Message ----- 

From: Steve <mailto:steve at media-phile.com>  Gordon 

To: 'Eagle <mailto:eefc-core at workingcode.com>  East Flying Club Core Team' 

Sent: Friday, April 17, 2009 9:20 PM

Subject: RE: buy in calculation

 

I'm sure it is different for each individual.  As a guess, anything over
$100/month may start making the majority of prospective members start
thinking twice.  My point is that $176/month is probably about as
prohibitive as a $1,450 buy-in, so why incur the risk associated with an
overhaul needed before the 12 months is up?

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Bob Irving
Sent: Friday, April 17, 2009 8:41 PM
To: 'Eagle East Flying Club Core Team'
Subject: RE: buy in calculation

 

What do you think the monthly dues upper limit is ???

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Steve Gordon
Sent: Friday, April 17, 2009 8:34 PM
To: 'Eagle East Flying Club Core Team'
Subject: RE: buy in calculation

 

Not only is that risky, but it's nearly as prohibitive as the upfront
buy-in.  $176/month is a whole different ballgame than $55/month - it's more
than double.  If anything I'd build it into the hourly rate, but that would
mean an additional $30/hr for the first 400 (hopefully) hours.  However,
that's very close to rental rates which might just as easily turn members
off.

 

-Steve

 

From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of Bob Irving
Sent: Friday, April 17, 2009 8:20 PM
To: 'Eagle East Flying Club Core Team'
Subject: buy in calculation

 

Just throwing this out there ...

 

It occurs to me that if $1450 buy-in is the deal killer for most people (I'm
sure it will) - should we risk collecting the DP and the engine reserve on a
monthly basis ?  In other words - should we let some members pay their $1450
over a twelve month period ?  That means they pay $121 per month reserve,
$55 per month dues and $60 per hour to fly.  Monthly outlay becomes $176 and
hourly rate is $60.  Risky if our plane does not go to TBO or if we use up
the remaining 400 hrs in less than a year.  

 

If we continued the same numbers in year 2 we would build up substantial
cash for additional equipment.  

 

Bob

 

 


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