976 price

[Bob Irving]

Mike – this proposal assumes Eagle East is the bank so there is no personal liability. Im going to record your vote as “no” on 976.

 

Bob

 

From: eefc-core-bounces at workingcode.com [mailto:eefc-core-bounces at workingcode.com] On Behalf Of mike.lysik at comcast.net
Sent: Wednesday, April 15, 2009 12:01 PM
To: Eagle East Flying Club Core Team
Subject: Re: 976 price

 

So we need to come up with $33k, then pay off an additional 17k.  If this is going to work, as we already know, someone will have to step up and be "on the hook" for the $33k loan.  If that's the case, then there are other planes out there that are nicer for less $.  It doesn't seem to be as easy/nice a deal as was initially presented to us.

 

Just saw Steve's email regarding the up front costs.  If I'm going to join a flying club, I'd rather not have such a large up front cost.  I just can't justify it.  As one of us pointed out during our first meeting, one can join an existing club at LWM for very little out of pocket.  I think it was $45 per month and $75-$99 per hour depending on which plane is used.  That club may be more restrictive than we want, but the price is more in line with what I was looking for.   

 

Mike


----- Original Message -----
From: "Bob Irving" <rhirving at verizon.net>
To: "Eagle East Flying Club Core Team" <eefc-core at workingcode.com>
Sent: Wednesday, April 15, 2009 10:15:44 AM GMT -05:00 US/Canada Eastern
Subject: 976 price

Spoke to Tim this morning. The 50k price tag on 976 would require a down payment from the club sufficient to pay off the note (about 18,000) plus the cost of engine from Penn Yan (about 15,000) leaving a balance of 17,000 that Eagle East will finance.  No details on rate and/or term.

 

So far only two of you have commented.  Please provide some input – we need to arrive at a consensus on this.  Thanks.

 

Bob


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