"noel.wade" wrote in message
...

On May 28, 9:01 pm, Bill D wrote:


snip

I am also curious if any clubs have self-financed new equipment (by
taking out loans from members)? Getting ~15 members to each pony up
$5k - $10k at 5% interest would get you a new trainer. And promising
individuals a ~5% return on their money is a hell of a lot better than
most CDs or Money-Market accounts these days; and even better than
some stock portfolios! :-P



My small club did exactly what you suggest. The choice before us was
basically pony up for a newer trainer or fold.
We borrowed money from seven members and purchased a Grob 103 from a German
club.
Getting the money was the easy part! Dealing with two countries, shipping
companies, Americanizing the trailer etc. was a LOT of work.
We have been flying it (and making the payments) for about a year now.

Bob McKellar