sample numbers

[Mike Lysik]

All

I'm assuming the overhaul for the 6 cyl would be more than 20k.  Does anyone have an idea on the cost so it can be reflected in the spreadsheet and survey?

Mike
  ----- Original Message ----- 
  From: Steve Gordon 
  To: eefc-core at workingcode.com 
  Sent: Saturday, April 11, 2009 11:50 AM
  Subject: RE: sample numbers


  I was running with a 10% down payment, an 8% interest rate, and 12 members.  Also the Hawk XP runs about 10gph and the Cardinal runs about 11gph (conservative estimate based on multiple results of a Google search).  I can re-run the numbers with a 20% down payment and a 7.1% interest rate, but I would recommend sticking with 12 members and these fuel consumption estimates.  I'd rather be in a situation where we know we have 15 members who would be willing to pay 12 member rates rather than having only 12 members who would be willing to pay 15 member rates.  Finding that "sweet spot" is easier if we estimate costs a little high and membership a little low.

   

  I was accounting for bootstrapping the overhaul fund.  If the plane has, for example, 1,000 SMOH, then we need to set aside $10,000 towards the engine overhaul.  I factored that money as part of the one-time payment.  We could also work that into the monthly dues which would make the dues higher until after the first overhaul.

   

  Another consideration is that insurance will likely go up as the value of the plane goes up.  We agreed that insurance on a 172 is $4,500, so I took a guess and figured that insurance on the Hawk XP would be about $5,000, and insurance on the cardinal would be about $5,500.  I realize I have no solid basis for these numbers, but thought it better to estimate rather than assume the same insurance premium on a Cardinal that we'd have on a 172.

   

  I also made a leap and assumed that we would want to hangar the Cardinal.  It would be a shame to leave such a beautifully restored and freshly painted aircraft out in the elements.  I assumed $350/month for a hangar, and that may even be on the low side.

   

  The one-time cost is a hard number to nail down because it depends very much on the particular aircraft we choose.  It just happens that given the particular aircraft chosen as samples, the 172 has a higher one-time cost than the Cardinal.  Since these are not necessarily the actual aircraft we will pursue, I thought we should give a range as we will not know the actual cost until we settle on something. 

   

  I've attached a spreadsheet with the numbers used to calculate the cost structures I used. 

   

  Thanks,

   

  -Steve

   

  From: eefc-core-bounces at workingcode.com [mailto:eefc-core-bounces at workingcode.com] On Behalf Of Bob Irving
  Sent: Saturday, April 11, 2009 10:55 AM
  To: eefc-core at workingcode.com
  Subject: sample numbers

   

  At 20% down payment, 7.1% interest rate, and 15 members I come up with the following numbers. What am i missing?

   

  40,000 = 600 initial/75 per month/65 per hour

  50,000 = 700 initial/80 per month/65 per hour

  60,000= 800 initial/85 per month/65 per hour



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