On Jun 11, 4:43 am, Jim Beckman wrote:
They will have additional monthly revenue which can be used to finance
equipment. Yes, it will be more complicated than just having cash, but
many potential members would never join if they had to pay a
significant sum of money before they even start.
But you said they're charging only $164 per year to join
the club.

First of all, I think you are confusing me with Jim Logajan :-) What I
wrote above was simply my guess - I know nothing about the club in
question.

Monthly revenue generally covers monthly
operating costs. What sort of monthly revenue do they
have? They must be charging some pretty steep rates
for either equipment rental or tows.

I am not an economist, but I believe that you can put an "equals" sign
between a sum of money now, and a revenue stream in the future. So,
having a monthly fee that covers more than operating costs might allow
a club to charge a low initiation fee.