On Thursday, April 4, 2013 8:17:35 PM UTC-4, GM wrote:

We - Carolina Soaring Assoc. - are actively looking for a modern two-seater. Since there is nothing useable on the open US-market, we have expanded our search to overseas. We are also discussing various financing models and yes, soliciting pledges from members is on the list.


Excellent!

When we looked at the tax advantages of accelerated depreciation and lease back arrangements, we found that buying a new glider was more feasible. A new glider built by a currently viable company makes the loan more secure for the lenders, and for that reason it becomes easier to raise the money. Our situation is unique, but it's worthwhile to get some expert advice on the tax angle.