Bought Aircraft, worried about payments!

English Boards Community Support
1

Okay guys I’m new here and honestly I have looked around but didnt find the exact answer to my question, so chances are good that my question is stupid.

But anyways…

When I had just started I bought 3 airplanes, then a few days later another and other couple days another… NOW, when I was buying them I saw installments of around 100 to 200,000.

I was sure I could handle that money weekly, but now when I go to my financial schedule or whatever its called I see that I’ll have to pay the same amount as the down payment, is that correct? If it is my airline is going to be under very very soon… 6,000,000 to pay in 3 days! Is this right?

My airline is Companhia Paranaense de Aviação @ stapleton

Thanks everyone!

2

Sounds as if you forgot about the interest rates you have to pay.

3

4.5% is tha max interest, its nos transforming 200,000 in 1,800,000

4

Sounds like you did a big mistake or you misclicked and should restart your company soon.

Check out your weekly loans in the finance tab.

I recommend to lease all aircraft instead of buying/signing loan contracts.

Maybe you already know this - but then you misclicked at the used aircraft market. This would explain your expected 200.000$AS.

Greetings and good luck with your restart

5

You’re paying interest on the total (remaining) loan, not on the installments.

Take a loan of 10,000,000 at 4.5% and your initial weekly interest is 450,000. Finance an aircraft worth 40,000,000 and you’re there, 1,800,000.

6

holy moly… it was doing so well… I’ll probably give up! hahah

so its never worth buying instead of leasing when you dont have the money? i feel stupid!