Loan question

[Airframe]

lets say I want to buy a 2m aircraft...but I can only get loans for 500,000 without it being backed with securities....

I have 500,000 cash on hand

Can I use the cash on hand + a loan to pay the down payment for the new aircraft, and then use the aircraft to cover the securities portion of a loan to pay for the rest?

or am I thinking about this incorrectly?

[Kontio]

No. You can only use aircraft you already own and are not leasing out.

[Sigma]

You're thinking about it correctly from a real-life standpoint, but not within the game.

In real-life, you can borrow money to buy an asset and the bank would keep title of the asset until you pay your money back.  In exactly the same manner that you're probably familiar with for your home or your car.

But, within the game, you can only secure a loan with assets that you ALREADY own.  So once you own a plane it's easy to get money for the next one.  That first one can take a little bit of work though.

[swiftus27]

secured financing... god love it.

[Airframe]

thanks a lot for the replies