sample numbers

[James Carlson]

Steve Gordon writes:
> 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. 

Yep; the new spreadsheet does look pretty good.  The SMOH handling was
confusing at first until I figured out that you were recapturing the
lost asset value from the members so that we'd have an adequate
initial fund for repair later.

These numbers don't seem to include the avionics we've been talking
about, or at least it's unclear to me if they do (and they're just
rolled into the overall purchase).  The extra $10K up front for a 430W
would need to go in somewhere, and it needn't necessarily go in the
one-time cost.  It could be financed.  (I think we're probably better
off keeping as many things out of the one-time cost as we can, and
borrowing more instead.  The monthly cost doesn't get returned to
those who leave the club, but at least part of the one-time cost might
need to be.)

If someone is in the club for (say) a year, I think it's completely
fair that he pays his share for the financed fixed costs paid during
that year, but it's probably not fair to charge him for the whole cost
of the extras -- amount down, SMOH, or 430W.  He didn't use those
things up.

Consider: suppose we just put the entire plane into the one-time cost.
Those leaving would logically get their portion of the plane back;
we'd buy up their share.  Now suppose we finance everything.  Those
leaving would get nothing back, because they paid as they went.  This
argues to me that it's in the club's interest (and also fair) to make
sure as much goes to the monthly dues as we can.

In any event, none of the numbers are outrageous, so it feels like
we're in the right area.

-- 
James Carlson         42.703N 71.076W         <carlsonj at workingcode.com>