bcool
Pre-takeoff checklist
Do any of you belong to a flying club that is financing their aircraft?
I was wondering how that would work - here are some of the questions I can think of:
I was wondering how that would work - here are some of the questions I can think of:
- Do all the members need to co-sign for the loan(s)?
- How would the financing company determine the club's creditworthiness - based on the member's cumulative credit ratings?
- What happens if a member leaves the club?
- How does a new member assume the previous member's liability for the loan?