Anyone not liking the New Loan System??

[Jps]

You have to remember the difference with loaning and leasing: With a loan, you eventually get the object (car, plane, whatever) to become completely your own. With lease, however, you borrow the object, thus it will never be your own. That is, unless you buy it in the end, but then it will most likely be more expensive than a loan.

And I, too, agree that the prepayment penalties are not good.

[bukatino2000]

Hi, could someone help me in answering those questions about present loan system:

1) if I already have a loan can I borrow more money/take another loan, even without securities?

2) f yes does the system consider that I already own money to the bank?

3) if I already garantee a loan with assets/aircrafts  am I able to use them to secure another loan?

I´m trying to understand if banks give bucks away with considering the actual company financial statement...

[Sami]

yes
yes
no (single aircraft can be security of one loan only)


And the amount of loan depends for example on the past incomes of the company, how much loan it has, credit rating, cash at hand, company value etc...