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<P>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.</P>
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<P>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. </P>
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<P>Mike</P>
<P><BR>----- Original Message -----<BR>From: "Bob Irving" <rhirving@verizon.net><BR>To: "Eagle East Flying Club Core Team" <eefc-core@workingcode.com><BR>Sent: Wednesday, April 15, 2009 10:15:44 AM GMT -05:00 US/Canada Eastern<BR>Subject: 976 price<BR><BR></P>
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<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt">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.</SPAN></FONT></P>
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<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt">So far only two of you have commented. Please provide some input – we need to arrive at a consensus on this. Thanks.</SPAN></FONT></P>
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<P class=MsoNormal><FONT face=Calibri size=2><SPAN style="FONT-SIZE: 11pt">Bob</SPAN></FONT></P></DIV><BR>_______________________________________________ eefc-core mailing list eefc-core@workingcode.com https://www.workingcode.com/mailman/listinfo/eefc-core </DIV></DIV></div></body></html>