Pay off bank loans

[MJ]

Hey all.
Are there any mods that allow you to repay your bank loan when you have some extra money in the bank?

[[ BBS ] Bootleg]

Don't need mods for that. Just click the Bank icon , click a loan in the list and click Repay Loan.

[MirkoC407]

If you still can take loans it might sometimes be possible to take a small one in order to repay a larger one with what you have in your account and the little new loan. Overall repayments will drop by that.

[Humpfester]

Originally posted by BBS Bootleg:

Don't need mods for that. Just click the Bank icon , click a loan in the list and click Repay Loan.

Then you have to repay that loan and to the OP, yes there are money mods out there, you just have to look around the net, I believe there are some in the Steam workshop.

[MagnusA]

It is possible to "partly" repay a big loan, at least if you have credit to temporary borrow some more.

For example, Let's say you have a 100k loan and have 50k in you bank account you would like to partly repay that 100k loan.

Take another 50k loan and repay your 100k loan fully. Now you have only 50k left to repay some day. Less payment per game day too.

Personally I never take one big 400k loan. I'd rather take four 100k loans instead. Much easier to repay as I earn money.

[Sandhill]

Originally posted by MagnusA:

Personally I never take one big 400k loan. I'd rather take four 100k loans instead. Much easier to repay as I earn money.

But higher interest rates
When starting a new profile I generally just wait until I have enough cash to pay off the 400k loan and still have a lot of cash left over, if I'm wanting to maximize income I never put money to a loan that I could use to put more hired drivers on the road

[MagnusA]

Originally posted by Sandhill:

Originally posted by MagnusA:

Personally I never take one big 400k loan. I'd rather take four 100k loans instead. Much easier to repay as I earn money.

But higher interest rates :lunar2019smilingpig:

The interest is actually extremely small in the game, Less than $100 per game day. I would say the interest is negligible regardless of the size of the loan. By interest I mean what you pay extra compared to First-save-then-spend.

For example at the moment in ATS I can take a $400k loan and repay $5,788 in 70 days or a $100k loan and repay $1,814 in 56 days.

For these loans one will repay a total of $405,160 and $101,584 respective. The extra cost exceeding the original loan amount will be $5,160 and $1,584 respectively.

Per game day one pays $74 and $28 respectively. An extremely small part of the total daily repayment. Four 100k loans will have a daily interest of $113. $113 is not much more than $74...

[Sandhill]

Originally posted by MagnusA:

Per game day one pays $74 and $28 respectively. An extremely small part of the total daily repayment. Four 100k loans will have a daily interest of $113. $113 is not much more than $74...

Agreed, loans are cheap cash no matter how you take them, I was being a bit tongue in cheek about the interest rates. Again, I really don't worry at all about paying them off until I am rolling in cash

[MJ]

Yes what i didn't siad, was that i am using GDC Logistics - Realistic Economy Mod, so that earnings are low, i got 5 drivers and a 1mil in loans. Was just asking about anyone did know about mods to repay some extra when the money is, and not just dayli payments

[MagnusA]

Originally posted by MJ:

Yes what i didn't siad, was that i am using GDC Logistics - Realistic Economy Mod, so that earnings are low, i got 5 drivers and a 1mil in loans. Was just asking about anyone did know about mods to repay some extra when the money is, and not just dayli payments

... and yes, there is another way than the daily payment. Namely the Repay button in the bank (same page you took those loans).

[MJ]

... and yes, there is another way than the daily payment. Namely the Repay button in the bank (same page you took those loans). [/quote]

Yes if i have the full amount to repay.
And don't.

[Sandhill]

Originally posted by MJ:

Yes what i didn't siad, was that i am using GDC Logistics - Realistic Economy Mod, so that earnings are low, i got 5 drivers and a 1mil in loans. Was just asking about anyone did know about mods to repay some extra when the money is, and not just dayli payments

Realistic economies change everything, and you just have to live with the consequences. A mod to negate the effect of a mod kind of conflicts with the idea of the first mod...laxative to counteract the effect of an antidiarrheal, might better have just left them bot alone

[Bill Lee]

Something like Fast Money (https://steamcommunity.com/sharedfiles/filedetails/?id=973405422)
might help :)

[MirkoC407]

Originally posted by WildBill812:

Something like Fast Money (https://steamcommunity.com/sharedfiles/filedetails/?id=973405422)
might help :)

Bless you - they are playing hard economy, so cheat economy won't be any help.

Originally posted by MJ:

Was just asking about anyone did know about mods to repay some extra when the money is, and not just dayli payments

Mods can only change existing game mechanics, not create new ones. So as there are only 2 payment methods for loans: daily rate and total return, partial repayments are technically impossible for modders.

[MJ]

Originally posted by MirkoC407:

Originally posted by MJ:

Was just asking about anyone did know about mods to repay some extra when the money is, and not just dayli payments

Mods can only change existing game mechanics, not create new ones. So as there are only 2 payment methods for loans: daily rate and total return, partial repayments are technically impossible for modders.

Thank you for answer. Just thought that its possible in real life, so i might could be added ingame also.

[MagnusA]

Originally posted by MJ:

Originally posted by MirkoC407:

Mods can only change existing game mechanics, not create new ones. So as there are only 2 payment methods for loans: daily rate and total return, partial repayments are technically impossible for modders.

Thank you for answer. Just thought that its possible in real life, so i might could be added ingame also.

You can simulate partly repay with the method described above. Only requirement is to have enough credit left to be able to temporary take some more loan.