What's my morgage?

[Shadowdancer]

This weekend I finally downloaded the T20 lite rules and rolled up my first character. When my merchant mustered out, I got a Free Trader as one of the benefits. The rules say I have a 40-year morgage on it, but not how much the morgage is. I found the new price for a Free Trader -- a Far Trader, actually -- in the rules, but not the price for a used one.

So how much is the morgage on a used Far Trader?

 

[tjoneslo]

The morgage is 1/240 the cost of the new Far Trader. Or, if you have a morgage calulator handy, you bought the entire ship, 20% down, 6.25% interest with a 40 year term.

 

[MegaCredit]

So how much is the morgage on a used Far Trader?[/QB][/QUOTE]

I am a mortgage broker by trade. My web site can figure these payments for you. Check it out. There is no charge to use the site.

Pennington Financial Online

 

[Pagan priest]

Do the same terms apply if you want to buy another starship? Assuming that you can show your prospective lender a viable business plan...

 

[SilverMarble]

Thanks to MegaCredit! Awesome Calculator.

PS - Are you interested in starting a Pittsburgh Group? Please see my Post in Recruiting.

 

[tjoneslo]

Originally posted by Pagan priest:
Do the same terms apply if you want to buy another starship? Assuming that you can show your prospective lender a viable business plan...

Yes, it's the standard starship purchase plan.

If your GM is generous and lets you use the speculative trade rules, within a few months you should have enough cash to buy a starship outright. Which is the other option.

 

[GBoyett]

Originally posted by tjoneslo:
[QBIf your GM is generous and lets you use the speculative trade rules, within a few months you should have enough cash to buy a starship outright. Which is the other option.[/QB]

Speaking of speculative trade, does anyone know how the rules in T20 compare to CT or MT trade rules?

 

[tjoneslo]

T20 uses the CT Book 3 speculative trade rules, with an expanded table of goods to trade. Book 7 and MT use a more abstract system, which is not used, but if you have the reprints or old books would be perfectly useable.

 

[GBoyett]

Originally posted by tjoneslo:
T20 uses the CT Book 3 speculative trade rules, with an expanded table of goods to trade. Book 7 and MT use a more abstract system, which is not used, but if you have the reprints or old books would be perfectly useable.

Good! Yeah you can buy a starship with less than a year's worth of trading!

 

[aramis]

Originally posted by George Boyett:
</font><blockquote>quote:</font><hr />Originally posted by tjoneslo:
T20 uses the CT Book 3 speculative trade rules, with an expanded table of goods to trade. Book 7 and MT use a more abstract system, which is not used, but if you have the reprints or old books would be perfectly useable.

Good! Yeah you can buy a starship with less than a year's worth of trading!

</font>[/QUOTE]Only if you get lucky; the average credit density for cargos sems marginally lower, and getting polar results is MUCH harder (at least from the last draft I remember running). Making mortgages is much more likely in the long run, though, so it's a better mechanic. But, yes, if you get a lucky load of cheap gold, you can be very rich very quickly, and cheap computers are a serious must-grab-at-any-risk proposition. A good broker is more than useful; it makes the difference between a break-even and a serious chunk of profit.