Aircraft Finance Poll
The 8 Ball Flying Club is buying a new plane. Maybe it will be N260TA, or maybe not.
Most likely due to market conditions, whatever we purchase will require additional funds.
If we purchase N260TA, or even a different aircraft for a similar price, we will need to raise approximately $240,000.
We can take a loan and increase the member dues to cover the loan payment.
Alternatively we can leave the dues alone and issue a member assessment.
The member assessment can be one-time, or spread over a year.
Which finance method is best for YOU?
1. Obtain a loan and increase dues by $46 per month.
2. No dues increase but a one time assessment of $3,700 per member.
3. No dues increase but a monthly assessment of $307 per month per member for one year.