On Jun 11, 11:43*am, Bill D wrote:
On Tuesday, June 11, 2013 11:45:07 AM UTC-6, noel.wade wrote:
It's about this being another barrier to entry in a sport that has too many already. It's about a ridiculous situation that doesn't exist for almost any other type of recreational vehicle. There is NO REASON why a person should be forced into any of these "alternate solutions", just to try to accomplish what any Joe-Schmoe can already do with a car, airplane, motorcycle, boat, or RV.
--Noel

Of course, you're right. *You've hit on a obstacle to growth. *So, what can we do about it? *I don't think financial institutions "hate" us as much as they're ignorant of us. *Like most people, they react negatively to things they don't understand.

Lea County State Bank obviously thinks it's good business for them. That's something we might try to replicate through education of bankers. *Given a workable plan, I'm sure the SSA Growth and Development Committee would consider undertaking the task.

Bill -

My plan is to get all the details from LCSB and then go back to the
AOPA Aircraft Finance guy. I'll lay it out to him and let him know
that ANY aircraft finance company out there could dominate the market
if they offered slightly longer terms or a 1% lower interest-rate than
LCSB. We'll see where it goes. Personally, I don't think the SSA has
positioned itself to have _any_ clout with banks or finance companies
or anything; AOPA/EAA seem like a much better bet when it comes to
this sort of issue.

--Noel