Racebred
Core Group Members
It's time to make preparations for the next track day. But there are major considerations to think through, with all the interested members in BMWSG.
Below is an email statement from SIC:
"As our track maintenance cost has increased considerabaly, we have now decided to increase the track rental charges as follows:
1) Club or Private Track Day
- Per Hour is RM6,000.00
- 3 Hour session is RM18,000.00
- Transponders - RM3,000.00 (Optional)
With immediate effect all Bookings must be made with a Deposit of RM5,000.00 and balance to be made on the event date before commencement of the session. All payments must be settled on the event date itself."
As of now, we have given up our April 16 track day slot, as we have not paid the deposit of 5k.
With the increased charges, from our next track day onwards we are looking at a likely 600rm per car. (30 cars x 600rm = rm18k) Is this kind of rate we trackkies wanna pay?
If yes, then we have some other secondary things to think about.
- Firstly, BMWSG's track days will still remain non-profit. And thus $ accounting-wise, transparent.
- We typically have about 30 cars firmed up for a track day (from past experience). Then last minute we may have another 10 cars coming in, on average, for a 40-car TD.
- This is the reason why i set the forecast for 30 cars (@ 600rm each) to secure the TD. If there are additional 9 cars that turn up, then we will have enough surplus to book the next track day.
consideration*
- is it right/ justified, from an accounting and from a logistical POV, to use surplus $ to book for the next track day? Coz attendees from TD1 may not attend TD2 but their money is being used to book (and thus subsidise) TD2. (but it's forward-looking, continuous rolling, as there'll be TD3, TD4, etc)
but logistically and procedurally, it seems to be the best way forward. need your views.
- if we do not meet our 30 car target, then will each member pay more to top up to 18k? if we do not reach our 39 car target, then how will we book the following TD?
- assuming that demand for SIC timeslot bookings remain the same (they are currently affected negatively now with the price increase), then booking the next track day only after the current one, one by one, (as opposed to blocking out 6-9 slots for the entire year for BMWSG one shot), will be a hit-and-miss situation. Doing last minute bookings for a TD 1-2 months later, may mean we do not get any slots at all. But to secure 6-9TD for an entire year, will require 30k-45k upfront to be tied up for the entire year. Any solutions to this?
Currently,
we have 24 x $190, and 8 x $210 already pre-paid for the 27Feb TD. We just sui sui break even. (This track day costs rm15k)
There are still some cars that are interested to go but not yet paid. before this decision is to be made, I am provisioning all of the track fees beyond this 32 cars to become the deposit. So let's see how many more cars firm up for this track day.
Let me have your thoughts. Anyone who is a regular trackkie, or who is intending to join us for future track days, should pip in. Let's share views, and come to a general consensus on how to move forward, so we may have time to react, and book the timeslot.
Below is an email statement from SIC:
"As our track maintenance cost has increased considerabaly, we have now decided to increase the track rental charges as follows:
1) Club or Private Track Day
- Per Hour is RM6,000.00
- 3 Hour session is RM18,000.00
- Transponders - RM3,000.00 (Optional)
With immediate effect all Bookings must be made with a Deposit of RM5,000.00 and balance to be made on the event date before commencement of the session. All payments must be settled on the event date itself."
As of now, we have given up our April 16 track day slot, as we have not paid the deposit of 5k.
With the increased charges, from our next track day onwards we are looking at a likely 600rm per car. (30 cars x 600rm = rm18k) Is this kind of rate we trackkies wanna pay?
If yes, then we have some other secondary things to think about.
- Firstly, BMWSG's track days will still remain non-profit. And thus $ accounting-wise, transparent.
- We typically have about 30 cars firmed up for a track day (from past experience). Then last minute we may have another 10 cars coming in, on average, for a 40-car TD.
- This is the reason why i set the forecast for 30 cars (@ 600rm each) to secure the TD. If there are additional 9 cars that turn up, then we will have enough surplus to book the next track day.
consideration*
- is it right/ justified, from an accounting and from a logistical POV, to use surplus $ to book for the next track day? Coz attendees from TD1 may not attend TD2 but their money is being used to book (and thus subsidise) TD2. (but it's forward-looking, continuous rolling, as there'll be TD3, TD4, etc)
but logistically and procedurally, it seems to be the best way forward. need your views.
- if we do not meet our 30 car target, then will each member pay more to top up to 18k? if we do not reach our 39 car target, then how will we book the following TD?
- assuming that demand for SIC timeslot bookings remain the same (they are currently affected negatively now with the price increase), then booking the next track day only after the current one, one by one, (as opposed to blocking out 6-9 slots for the entire year for BMWSG one shot), will be a hit-and-miss situation. Doing last minute bookings for a TD 1-2 months later, may mean we do not get any slots at all. But to secure 6-9TD for an entire year, will require 30k-45k upfront to be tied up for the entire year. Any solutions to this?
Currently,
we have 24 x $190, and 8 x $210 already pre-paid for the 27Feb TD. We just sui sui break even. (This track day costs rm15k)
There are still some cars that are interested to go but not yet paid. before this decision is to be made, I am provisioning all of the track fees beyond this 32 cars to become the deposit. So let's see how many more cars firm up for this track day.
Let me have your thoughts. Anyone who is a regular trackkie, or who is intending to join us for future track days, should pip in. Let's share views, and come to a general consensus on how to move forward, so we may have time to react, and book the timeslot.
