| View previous topic :: View next topic |
| Author |
Message |
Chuckhhill
Joined: 09 Jul 2007
Posts: 43
Location: Concord, CA
|
| Posted: Sun Jul 06, 2008 5:26 pm Post subject: LSA training Concord, CA |
|
|
Sterling Aviation located in the San Francisco Bay Area, in Concord CA (KCCR) has an LSA available for training and rental, (my Tecnam Bravo, N649BV on leaseback). Rental rate is $99.00/hour.
Telephone: 925-687-2850
E-mail: frontdesk@sterling-flight.com
Website: http://www.sterling-flight.com/t/Home.html
(The web site has not been updated to reflect the addition of N649BV) |
|
| Back to top |
|
EppyGA
Joined: 23 Aug 2007
Posts: 13
|
| Posted: Mon Jul 07, 2008 12:22 pm Post subject: |
|
|
Would you care to share details of your leaseback agreement?
randy.epstein@gmail.com |
|
| Back to top |
|
CTflyer
Joined: 28 Mar 2006
Posts: 303
Location: eastern Connecticut
|
| Posted: Mon Jul 07, 2008 2:13 pm Post subject: |
|
|
Actually, I'd be interested in how that leaseback is working myself. Every leaseback owner I've talked to (forums and in person) has discovered their agreement was almost guaranteed to fail financially.
They were talked into buying a new plane, then putting it on leaseback "so other guys will pay to rent your plane". But then they discover they owe more for insurance and inspections as a rental plane, the FBO advertises it as their own "new plane", it's not treated well, and it's seldom rented despite the owner having to make the monthly payments regardless.
Tom |
|
| Back to top |
|
Chuckhhill
Joined: 09 Jul 2007
Posts: 43
Location: Concord, CA
|
| Posted: Mon Jul 07, 2008 2:16 pm Post subject: |
|
|
| The way it works is basically that I pay for all the expenses except for running the office. I set the rental rate, and they keep $20/hour. |
|
| Back to top |
|
CTflyer
Joined: 28 Mar 2006
Posts: 303
Location: eastern Connecticut
|
| Posted: Mon Jul 07, 2008 2:25 pm Post subject: |
|
|
Hi Chuck. Thanks for the quick reply.
That sounds unusually simple - and quite possibly very expensive for you, tho' I don't know what "all expenses except for running the office" means.
Usually a leaseback means you buy the plane, "assign it" to the FBO, the FBO does the maintenance and sets a percentage of the rental they'll pay to you when the plane is rented.
Thanks.
Tom |
|
| Back to top |
|
Chuckhhill
Joined: 09 Jul 2007
Posts: 43
Location: Concord, CA
|
| Posted: Tue Jul 08, 2008 1:06 am Post subject: |
|
|
My break even point is between 250 and 300 hours/year. I expect to make a small amount renting about 400 hours/year, but another way to look at it is comparing cost to renting and that break even is at a much lower usage rate.
As the price of fuel goes up, the LSA looks better and better. |
|
| Back to top |
|
| |
