buy in calculation

[Bob Irving]

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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