Where do you pay off loans ?

Deadly Chicken · Oct 10, 2014

So if you die without enough credits to replace your ship, you cans get a loan, but once you have made the money back, how do you pay off the loan ?

Lol now I am stuck at Freeport after requesting a launch and a massive gun battle going on in the station and it wont bring me out of the shipyards

macedk · Oct 12, 2014

Loan is paid off 10% of your income.

Sandmann · Oct 13, 2014

As what macedk said... tho right now I've got a 30k loan and over 300k in savings so I'd really like to just pay it off. Pity there's no "Bank of Zaonce" or "Financial manager" in your station contacts where you could do that.

DeanWnchester · Oct 13, 2014

Sandmann said:
As what macedk said... tho right now I've got a 30k loan and over 300k in savings so I'd really like to just pay it off. Pity there's no "Bank of Zaonce" or "Financial manager" in your station contacts where you could do that.

+1 Make a ticket with that suggestion. Devs arent guaranteed to see this thread and it's a good suggestion. Maybe we could be able to request loans to afford that upgrade or ship slightly out of reach. Take a loan to get that type 6 and pay it off after 2 large hauls. Or crash it and lose everything to start back in the sidey with 1000CR.

Sandmann · Oct 13, 2014

DeanWnchester said:
+1 Make a ticket with that suggestion. Devs arent guaranteed to see this thread and it's a good suggestion. Maybe we could be able to request loans to afford that upgrade or ship slightly out of reach. Take a loan to get that type 6 and pay it off after 2 large hauls. Or crash it and lose everything to start back in the sidey with 1000CR.

Thanks, glad you approve.

I've just started this thread in the "questions/requests" section. You think I should ticket it too?

Mephane · Oct 13, 2014

Sandmann said:
Thanks, glad you approve.

I've just started this thread in the "questions/requests" section. You think I should ticket it too?

Nah, tickets are generelly for bugs and problems, not new feature ideas.

Sandmann · Oct 13, 2014

Mephane said:
Nah, tickets are generelly for bugs and problems, not new feature ideas.

Yah that's what I thought.

Tacheel · Oct 13, 2014

All the above answers the question, however it would be nice to have a 'pay off loan' button under maybe pilot's federation, for those who want to get it out of the way.

Vikinger · Oct 13, 2014

I had to take a loan of 65k and even if I did missions or hauled goods it didn't went down.
But a restart of the game solved it. When I came back the loan was gone so il guess a client restart is needed to adjust the loan number. As it does not adjust "live" in game for every transaction we do.

I also found it odd that the max loan you could get was just 200,000.

That is nothing if you have a ship with expensive upgrades in.

My cobra costed me 520,000 to rebuy and I had just 455,000.
But if I would have just 300.000 credits , not even the loan would cover the cost as the limit is just 200k. And that would force me back to square one.

Mephane · Oct 13, 2014

Vikinger said:
My cobra costed me 520,000 to rebuy and I had just 455,000.
But if I would have just 300.000 credits , not even the loan would cover the cost as the limit is just 200k. And that would force me back to square one.

No, the limit just means everything beyond that is simply written off. So if you have no money and you excess fee is 500k, you will get a replacement ship and still just a 200k loan. You don't lose your ship and are forced into the free Sidewinder.

However considering the numbers for the bigger ships, I am not sure 200k is high enough a limit. A single death in an Anaconda without any upgrades already costs several millions.

Vikinger · Oct 13, 2014

Mephane said:
No, the limit just means everything beyond that is simply written off. So if you have no money and you excess fee is 500k, you will get a replacement ship and still just a 200k loan. You don't lose your ship and are forced into the free Sidewinder.

However considering the numbers for the bigger ships, I am not sure 200k is high enough a limit. A single death in an Anaconda without any upgrades already costs several millions.

Oki thx for clarifying it

And I do agree, 200k limit is to little. Easy way to get back an real expensive ship if you don't have any credits.
It should be a % part of what it would cost you and not a fixed number.

macdog · Oct 13, 2014

Vikinger said:
My cobra costed me 520,000 to rebuy and I had just 455,000.
But if I would have just 300.000 credits , not even the loan would cover the cost as the limit is just 200k. And that would force me back to square one.

I have never needed a loan so far, but insurance is modular, so in that example you would be able to get back your ship and most modules, so you wouldn't loose everything.

Not saying the value is too high or low. However IMO a limit is appropriate, and if you can afford a hugely expensive ship, its probably not too much to expect you to manage your finances to cover future insurance costs. Of course it doesn't help that the interface doesn't tell you how much that will be in advance!

Vikinger · Oct 13, 2014

macdog said:
I have never needed a loan so far, but insurance is modular, so in that example you would be able to get back your ship and most modules, so you wouldn't loose everything.

Not saying the value is too high or low. However IMO a limit is appropriate, and if you can afford a hugely expensive ship, its probably not too much to expect you to manage your finances to cover future insurance costs. Of course it doesn't help that the interface doesn't tell you how much that will be in advance!

Aye. I wish there was a way to se how much the insurance would cost me before I die.
Anyway Ive crashed my Cobra 2 times. First time was an accident. drunk and driving

But that cost me just around 50,000.
Then I upgraded my ship with expensive modules and I actually crashed my cobra on purpose to test a bug with the cartography and exploring system.

I assumed the crash would cost me around 200-250k but I was surprised to se it high as 520k but at least I know what a crash will cost me with a fully equipped cobra now

Chloe Thenab · Oct 13, 2014

Mephane said:
No, the limit just means everything beyond that is simply written off. So if you have no money and you excess fee is 500k, you will get a replacement ship and still just a 200k loan. You don't lose your ship and are forced into the free Sidewinder.

However considering the numbers for the bigger ships, I am not sure 200k is high enough a limit. A single death in an Anaconda without any upgrades already costs several millions.

Don't fly what you can't replace...

DeanWnchester · Oct 14, 2014

Chloe Thenab said:
Don't fly what you can't replace...

^^this. Just a month ago if you blew up your ship and you didn't budget for insurance you lost everything. The newly implemented loan system is a gift horse... just appreciate it.... that said. If they're going to bring a banking element to the game I'd like it to be more useful as in the ability to take out a loan to use as I see fit using my ship as collateral. That would still preserve the risk/reward feeling for me. In beta 2 I gambled by spending all my money on a load liquor and there was a commander vaelen who was indiscriminantly killing everyone at Freeport. I managed to dock with my type 6 hull at 5% and shields offline. I let out woop and threw my arms up with my heart racing. I thoroughly enjoyed that.

Vikinger · Oct 14, 2014

DeanWnchester said:
^^this. Just a month ago if you blew up your ship and you didn't budget for insurance you lost everything. The newly implemented loan system is a gift horse... just appreciate it....

Problem is that you don't now the cost until you die.

Upgrade your ship and the cost can go sky rocket. Hard to take that in account.

But a general rule is to check the ship seller market and se what a sidewinder will cost. That give you an estimated sum you have spent on your current ship and to be on the safe side, 10% of that is what it cost in insurance if you die.

DeanWnchester · Oct 14, 2014

Vikinger said:
Problem is that you don't now the cost until you die.

Upgrade your ship and the cost can go sky rocket. Hard to take that in account.

But a general rule is to check the ship seller market and se what a sidewinder will cost. That give you an estimated sum you have spent on your current ship and to be on the safe side, 10% of that is what it cost in insurance if you die.

That's very true. The ship mods did complicate it a bit. I'm using the same tactic. Right now I can downgrade to sidey for a million back so I'm holding on to 150k for insurance .

Distance · Oct 14, 2014

I wish they'd just show insurance cost for your current ship and modules in the right hand side panel since it's mostly blank space right now. Either that or the Outfitting screen.