buy in calculation

[Steve Gordon]

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

 

 

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