buy in calculation

[Bob Irving]

Interesting to note tail number is 796. This aircraft has several thousand
more hours on it but interior and panel look perfect - kx-155 radios and
kln-89 gps.  Exterior paint looks pretty good. It had a "hard landing" in
1991 but must have repaired well. I think I would buy this before I would
buy 976. Compared to this, 976 seems way overpriced. Thanks, Bob

 

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

 

 


  _____  


_______________________________________________
eefc-core mailing list
eefc-core at workingcode.com
https://www.workingcode.com/mailman/listinfo/eefc-core

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://www.workingcode.com/pipermail/eefc-core/attachments/20090418/1019d960/attachment.html