Credit vs. Leasing

While bidding on a DH3, I accidentally clicked "Credit" instead of "Leasing." I need to know what sort of effect this may have on my finances. My airline has a very narrow profit margin and currently has approximately 5,000,000 +/- AS$. I know that leasing is much preferable in my situation; is this going to break my airline? In spite of my narrow margins, this is my first reasonably successful airline (in Madagascar at that!) and I would hate to think that I just signed its death warrant.   :unsure:

(In the meantime, I would not be offended in the least if somebody wanted to outbid me on the plane sometime within the next 45 minutes!)  :rolleyes:

Yeah, credit is not a good thing. I'm not sure how much it costs, but it can really screw with your airline.

What I would suggest (but don't know if this is viable) is to default on the payment next week. Only thing is, I don't know what that does. If it works like a lease, you would just lose the aircraft.

If I were on Gatow, I'd outbid it for you.

Yeah, credit is not a good thing. I'm not sure how much it costs, but it can really screw with your airline.

What I would suggest (but don't know if this is viable) is to default on the payment next week. Only thing is, I don't know what that does. If it works like a lease, you would just lose the aircraft.

Now that I've received the aircraft and viewed the contract, it appears that I'll be paying 114,508 AS$ for the DH3 (as opposed to 95,597 AS$ per week on a leased DH4). I think I'll try and make it work. I'm using it to upgrade the schedule that my DH1 was flying at capacity, then assign the DH1 to some smaller airports that I have not yet served. Hopefully, this will help to make up for the increased cost. If not, I can always default, as you suggested.

If I were on Gatow, I'd outbid it for you.

I appreciate the thought!

Does that amount include the interest payment?

Back when I was a complete newb (so November 2013) I decided to credit purchase a Cessna for feed purposes. The interest was ridiculous and there is NO market for Cessnas, so I had to eat the cost as selling it was out of the question (even after contacting the largest users of it on the server). It didn't kill my airline, but it did have an opportunity cost of eating a chunk of money each week that could have been used for other purposes. That airline ended up doing fine until a slot on Aspern opened and I moved over.

Well, I suppose that I will give it a chance and see how it does. So far, the flights that I have assigned it to (previously assigned to a DH1) seem to be filling up nicely--and generating significantly more revenue than with the smaller plane.

Does that amount include the interest payment?

Back when I was a complete newb (so November 2013) I decided to credit purchase a Cessna for feed purposes. The interest was ridiculous and there is NO market for Cessnas, so I had to eat the cost as selling it was out of the question (even after contacting the largest users of it on the server). It didn't kill my airline, but it did have an opportunity cost of eating a chunk of money each week that could have been used for other purposes. That airline ended up doing fine until a slot on Aspern opened and I moved over.

In the financial schedule, the weekly payment is shown to be 113,770 AS$; however, the actual payment after interest is 184,114 AS$. Ouch!  :blink:

You find a very good explanation on how the payment methods work in AS here in the third post: http://community.airlinesim.aero/topic/6702-buying-an-aircraft-off-the-market-with-credit/?p=55936

Is someone from the AS team here to explain to me please how can I get  an email telling me that  I am out of credit when I still have 240 credits shown??

Is someone from the AS team here to explain to me please how can I get  an email telling me that  I am out of credit when I still have 240 credits shown??

The thread is about purchasing aircraft with credit, not game credits. Also, there are a dozen other topics that are already focused on this problem. Just a thought: read what is happening in the community.