| Questions
most commonly asked about Group Ownership & Timeshare
Q.
What is "timeshare"?
A.
Timeshare in our program means ownership of
your aircraft. It is dividing the use of an aircraft into smaller pieces.
Q.
Why is timeshare so popular?
A.
Some people do not want the expense of whole
aircraft ownership. They are not interested in spending all their time
in maintenance or justifying it's existence. They want freedom to fly...
and Group Ownership provides just that!
Q.
Are there different kinds of timeshare?
A.
Yes, there are two kinds of timeshare: ownership
& non-ownership. Non-ownership is commonly referred to as a "right
to use".
Q.
What is "non-ownership timesharing?
A.
Non-ownership timeshare is typically a membership
in a club or a licence to (rent) use an aircraft. There is little or no
potential for value increase and no equity growth for payee.
Q.
What is "ownership timeshare"?
A.
Timeshare ownership is ownership as you know
it in your own home or car. It is freehold, fee simple type of ownership.
You are a stockholder of the corporation registered with the State of
Washington and the Federal Government.
Q.
What type of ownership is Auburn Flight Service's Group Ownership Program?
A.
Auburn Flight Service is only promoting full
ownership.
Q.
Do I own it forever?
A.
Yes, or until you decide to sell it. You may
sell your share at any time. You may ask any price you want. You may sell
it yourself or through our service.
Q.
May I will it to my heirs in my estate?
A.
Yes.
Q.
May I rent it to others?
A.
No, not without permission from 2/3 majority
approval.
Q.
Does a timeshre owner have to do any upkeep or maintenance?
A.
N0, not if the group elects to have AFS manage
the group.
Q.
Who does all the work?
A.
Auburn Flight Service can provide all the services.
Q.Who
sets the charges?
A.
The owner association sets their budget with
the assistance of AFS and is voted on at a general meeting. The flight
charges and other charges are totally controlled by the Owner's Association.
Q.
When I buy timeshare in an aircraft, how much of that aircraft do I actually
own?
A.An
equal share is our recommendation.
Q.
Does Auburn Flight Service have financing arranged for prospective buyers?
A.
Yes, for those who qualify.
Q.
Why is ownership timeshare a "hedge against inflation"?
A.
The only cost you have that is affected by
inflation is the maintenance, upkeep, fuel, insurance &) the AFS management
fee. Although aircraft values are rising- you own the aircraft today and
will not pay more as it increases in value!
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