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<p class=MsoNormal><span style='color:#1F497D'>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.<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>-Steve<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
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<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b>On
Behalf Of </b>Bob Irving<br>
<b>Sent:</b> Friday, April 17, 2009 8:20 PM<br>
<b>To:</b> 'Eagle East Flying Club Core Team'<br>
<b>Subject:</b> buy in calculation<o:p></o:p></span></p>
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<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Just throwing this out there …..<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>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. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>If we continued the same numbers in year 2 we would build up
substantial cash for additional equipment. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Bob<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
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