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Airfordable

Payment plans for flights before your departure.

Featured comment

Ama@amamarfo · Building @FlyAirfordable - ✈️
Hi All, I'm the cofounder/CEO of Airfordable and joined by my two cofounders @cgnry and @emmanuelbuah. We're building Airfordable to scratch our own itch when it comes to booking flights. There are many times were there were flights we wanted but faced 2 problems: - we didn't have all the money upfront. We had bills to pay so dropping $2000 in one transaction wasn't feasible - had a limited line of credit Airfordable solves these problems by allowing you to lock in fares early at cheaper rates and book flights without tying up a significant portion of your funds/paycheck Happy to answer any questions you may have and thanks for all the feedback!
Daniel Foster@danielfoster437 · Founder at Pixsy
@amamarfo Great idea. Is there a reason you don't support one-way trips?
Cem Carak@cemedericarak · Entrepreneur - WhatTuDu & PlanItUp
@amamarfo @cgnry @emmanuelbuah Excellent idea. So did you work out a deal with airlines or you finance the upfront payment from your company funds to allow this kind of service?
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Ama
Maker
@amamarfo · Building @FlyAirfordable - ✈️
Hi All, I'm the cofounder/CEO of Airfordable and joined by my two cofounders @cgnry and @emmanuelbuah. We're building Airfordable to scratch our own itch when it comes to booking flights. There are many times were there were flights we wanted but faced 2 problems: - we didn't have all the money upfront. We had bills to pay so dropping $2000 in one transaction wasn't feasible - had a limited line of credit Airfordable solves these problems by allowing you to lock in fares early at cheaper rates and book flights without tying up a significant portion of your funds/paycheck Happy to answer any questions you may have and thanks for all the feedback!
Daniel Foster@danielfoster437 · Founder at Pixsy
@amamarfo Great idea. Is there a reason you don't support one-way trips?
Cem Carak@cemedericarak · Entrepreneur - WhatTuDu & PlanItUp
@amamarfo @cgnry @emmanuelbuah Excellent idea. So did you work out a deal with airlines or you finance the upfront payment from your company funds to allow this kind of service?
Evan Kimbrell@evankimbrell · Founder, Sprintkick
Cool idea but you gotta re-work your tagline. "Payment plans for flights before your departure" would suggest that it's only for "flights before your departure". That's how I first read it. Is the "before your departure" important enough to be in your one sentence tagline? It's a detail that doesn't sell anyone on the idea. My 2 cents
Ama
Maker
@amamarfo · Building @FlyAirfordable - ✈️
@evankimbrell yes "before departure date" is one of things that differentiates us from a credit card so it's important
Evan Kimbrell@evankimbrell · Founder, Sprintkick
@amamarfo Yeah, ok but two things 1) Your target market is probably going to be people who can't access credit cards. Based off your rates, your APR would be way higher than a normal card (10-20% is the equivalent of holding a balance for 10 months on a CC). Thats what makes me think you're going for subprime so theres no point in differentiating. 2) Aren't you then highlighting how you're worse than a CC? Credit cards let me pay it off whenever as long as I'm ok with the 1-2% monthly fee.
rouzbeh@rouzbeh84
@evankimbrell I agree the verbiage is a bit confusing at first but more importantly I would love to know what card offers a 1-2% APR. I think the average is about 15% plus some sort of annual fee I imagine.
Evan Kimbrell@evankimbrell · Founder, Sprintkick
@rouzbeh84 PER MONTH. You divide 15% by 12
rouzbeh@rouzbeh84
@evankimbrell hmm I'm no banker or CPA but I don't think that works the way you think it works... Don't you divide it by 365 and then apply that to your balance as a daily rate [insert more math here about running balance and time frames] then come up with your effective rate?
Evan Kimbrell@evankimbrell · Founder, Sprintkick
@rouzbeh84 Yes, you use a DPR calculation to come up with the final number, but even if it the balance is compounding on a daily basis it barely makes a difference. At the end of the year it ends up being about a 1% difference versus if it was just calculated monthly. So... 16% vs 15% theoretically Regarding Airfordable though, let's say you bought a $800 ticket on a 15% APR credit card and didn't touch it for 3 months. Thats 0.041% a day x 90 days x 800 = $29. You'll pay $29 in interest on the card, which is effectively 1.2%~ a month, maybe a little more since it compounds. On Airfordable the service fee is $80-$160.
David Mort@david_mort · Investor @ Propel Venture Partners
Does Airfordable consider any particular underwriting when determining the 10-20% fee? Are there any barriers to entry which slow down other point of sale financing options from partnering directly with the airlines?
Osayi Emokpae Lasisi@osayilasisi · Director
Brilliant idea. I'm thinking of so many trips I can start planning for. Are you planning on letting us search for flights on your platform soon @amamarfo?
Ama
Maker
@amamarfo · Building @FlyAirfordable - ✈️
@osayilasisi Yep that's in the works! 😀
Brian Kidwell@thebriankidwell · Growth @ Scott's Cheap Flights
Putting your airfare on layaway... I kinda like it! 10-20% seems a bit expensive though.