buy in calculation

[Bob McAloon]

Hello all,

    FYI... there is a 1974 172M for sale on Ebay (item number 200327650509) that is supposedly IFR. High TT and engine is also at TBO but thought it might interest you to use as a comparison to 081 or 976. I'm not suggesting this would be an alternative,  just something to use as a reference... 

Thanks, Bob McAloon
  ----- Original Message ----- 
  From: Steve Gordon 
  To: 'Eagle East Flying Club Core Team' 
  Sent: Friday, April 17, 2009 9:20 PM
  Subject: RE: buy in calculation


  I'm sure it is different for each individual.  As a guess, anything over $100/month may start making the majority of prospective members start thinking twice.  My point is that $176/month is probably about as prohibitive as a $1,450 buy-in, so why incur the risk associated with an overhaul needed before the 12 months is up?

   

  From: eefc-core-bounces at workingcode.com [mailto:eefc-core-bounces at workingcode.com] On Behalf Of Bob Irving
  Sent: Friday, April 17, 2009 8:41 PM
  To: 'Eagle East Flying Club Core Team'
  Subject: RE: buy in calculation

   

  What do you think the monthly dues upper limit is ???

   

  From: eefc-core-bounces at workingcode.com [mailto:eefc-core-bounces at workingcode.com] On Behalf Of Steve Gordon
  Sent: Friday, April 17, 2009 8:34 PM
  To: 'Eagle East Flying Club Core Team'
  Subject: RE: buy in calculation

   

  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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