hdrider67 wrote:Is he sells his shuttle and uses his ten shares, it would appear being a ship owner with an exceedingly low payment would be no trouble at all. Not bad for a 50 year old who looks and feels 30.
OTOH, a ship without any kind of shuttle or ship's boat poses some potential difficulties...
Then again, 95 tons is a lot of used cargo space and making a profit on a tree or far trader that's only got a 20Mcr loan is much easier than if you had to pay off a loan almost twice that amount.
I'm assuming the shuttle would fetch 2/3 of its new price (22Mcr).
If a free trader is financed in full (can't be done but it serves my math purpose) it would cost 75Mcr (75shares to own outright -0 shares times 1Mcr share value) gives me a price of 75Mcr financed
So, 75Mcr/500=150Kcr per month payment.
37/75 Mcr gives me an idea of the total P&I balance on this loan. .493
Take that same figure and apply it to the following scenario.
I sell my shuttle for 22Mcr and I have 10 shares worth 1Mcr each.
37-22Mcr is 15Mcr. Assuming the shares represent a percentage of remaining loan payoff, rather than actual cash we need to do the loan now.
15/.493=30Mcr and change. Now we apply the shares. 30Mcr*.9=27.4Mcr
This gives me a loan payment of ~55Kcr per month.
That free trader would operate in the green operating with a full hold making a single jump each month.
There's a problem, though. The banks operating these loans don't seem to use the same interest rates if you go by the table.
Seeker: To buy a Seeker you need 50 shares worth .5Mcr each. What a bargain! You can buy one ship outright for 2Mcr less than its total value! If you did finance the ship with the 0% down option you get a divisor of 1.23 27Mcr/1.23=~22Mcr
Far trader: 41/100=.41 Apply this to the loan and it's significantly more than the free trader cost. 41/.42=~100Mcr That extra 4Mcr in actual ship value means you pay 25Mcr more, or higher than the cost of a seeker.
Yacht .44 (42/.44=~102Mcr) That extra 5Mcr in actual ship value means you pay 27Mcr more, or more than the cost of a seeker.
Corsairs return you to having a real bargain. At 1.16 I can finance the ship for less than actual value (137Mcr/1.16=120Mcr) That's not bad at all for a 139Mcr ship!
Sorry for the lengthy post. It boils down to my observation that the share values are skewed.
I'm thinking shares need to represent a percentage point of value, rather than a set Mcr amount.
Then again math has never been my strongest suit. I might be missing something here.