Noob question
- Thread starter Zaron
- Start date
Rikki Tikki Traveller
Cosmic Mongoose
Rust is correct, the TMB does not require a down payment.
Past versions of Traveller required 20% down and financing of the remaining.
Ship Shares reduce the price of the ship. Either 1 MCr or 1% of the price is reduced per ship share (depending on how you read the rules, there are conflicts).
Personally, I require 20% down and Ship Shares may be used to either pay part of the downpayment or to reduce ship price (Player's Choice).
Whether payments are due at the first or end of the month is up to the Referee. Personally, I think it would vary by world or bank.
Hope that helps.
Past versions of Traveller required 20% down and financing of the remaining.
Ship Shares reduce the price of the ship. Either 1 MCr or 1% of the price is reduced per ship share (depending on how you read the rules, there are conflicts).
Personally, I require 20% down and Ship Shares may be used to either pay part of the downpayment or to reduce ship price (Player's Choice).
Whether payments are due at the first or end of the month is up to the Referee. Personally, I think it would vary by world or bank.
Hope that helps.
Core pg 137 states:
'... 1/240th of the cash price each month for 480 months...financing cost a simple 120%...total financed price equals 220% of the cash purchase price.'
If you do the math you'll notice that 20% is missing unless one adds the 20% downpayment (and note this does not reduce the cost used to calculate the monthly payments). Since this section refers to monthly payments - it is not incorrect (see below).
On the following page (138), '...shares are treated as reducing the cash price of the ship...' distinctly emphasizes the cash price (presume versus the 'total financed price' defined on the previous page). This seems to indicate that the 20% deposit was meant to be part of MGT.
IMHO - the 20% down payment was not mentioned (or edited out) elsewhere.
(P.S. - don't forget the Architects 1% upfront for non-standard designs...)
'... 1/240th of the cash price each month for 480 months...financing cost a simple 120%...total financed price equals 220% of the cash purchase price.'
If you do the math you'll notice that 20% is missing unless one adds the 20% downpayment (and note this does not reduce the cost used to calculate the monthly payments). Since this section refers to monthly payments - it is not incorrect (see below).
On the following page (138), '...shares are treated as reducing the cash price of the ship...' distinctly emphasizes the cash price (presume versus the 'total financed price' defined on the previous page). This seems to indicate that the 20% deposit was meant to be part of MGT.
IMHO - the 20% down payment was not mentioned (or edited out) elsewhere.
(P.S. - don't forget the Architects 1% upfront for non-standard designs...)
