I just got involved with a syndicate as a "non capital" member. I basically committed to 50 hrs, paid by standing order each month, no capital investment. All things considered the costs will not be much less than the flying club per hour, but for the money I get to fly a far more powerful aircraft [choice of 2 actually], excellent availibility booked on the web, and get the chance to tour with no minimum flight hours per day. The flying club states you must fly "3 hrs per day" to take the A/C away, but now I can fly to the channel islands, spend a few days and fly back with no worries. There's also the opportunity to take the A/C away for >10 days at a time to tour Europe etc....The best bit about being non-capital is that if an engines needs replacement, I'm not liable for any of the costs. As a capital member my hourly rate would no doubt be cheaper, but if you're not in a position to invest this way is ideal.The group I'm in stipulates a minimum TT of 200hrs plus IMC rating....
Cheers
EA