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Dr Missy
Fyre Industries
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Posted - 2008.10.03 14:47:00 -
[31]
Edited by: Dr Missy on 03/10/2008 16:35:04
Originally by: Dav Varan
Originally by: Dr Missy I think the idea is that you use the loan to buy a second bpo. Why on Earth you'd use it to buy the same bpo with those numbers is beyond me.
I never mentioned buying the same bpo again. The numbers dont add up whatever BPO you reinvest in.
A monthly interest rate of 6% = APR 101% ( 1.06 ^ 12 - 1 ).
So on an Ebank secured loan I would need to find a Tech II BPO that pays me back its purchase price in 12 months just to pay the interest.
Considering that most Tech II BPO's are now selling for a price of 5 x there yearly profit and have never in the history of eve ever sold for under 1.5 x yearly profit there is absolutelly no money to be made from The secured loan deal.
Not for the BPO owner anyways. The only peops getting rich from this would be EBank.
If Ebank is serious about secured loans for T2 BPO purchase then they need to be charging a monthly interest rate of around 1% anything more and they are just ripping people off.
Not to be rude Dr Missy but I was looking for a response from an EBank Director not one of there customers. Or are you more envolved in this than just a customer ?.
Anyway will resonable rates be available to players who can do the Math ?
I'm not sir. Also as of this moment I'm not a customer of Ebank, just an interested third party. It just seems to me that they're offering a service, if you don't want it then look else where. If you look around you can get very good bpos for 1.5x yearly profits. It just takes patience. Good luck with your questioning
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.10.03 17:05:00 -
[32]
Originally by: Dav Varan I never mentioned buying the same bpo again. The numbers dont add up whatever BPO you reinvest in.
Hi the point of this is allowing you to take out a loan whilst your security is still making you money. In almost zero cases will the profits we pay you on the bpo match your interest repayments.
Quote: So on an Ebank secured loan I would need to find a Tech II BPO that pays me back its purchase price in 12 months just to pay the interest.
No, the BPO being secured by the T2 Lease corp will generate profits, you will have an additional XX Billion spending money and you can use your own earnings to repay the loan as you wish.
Quote: Considering that most Tech II BPO's are now selling for a price of 5 x there yearly profit and have never in the history of eve ever sold for under 1.5 x yearly profit there is absolutelly no money to be made from The secured loan deal.
That's probably why you are so confused. The secured loan deal isn't there to allow you to profit. It's to allow you to almost double your capital whilst still earning profit off your original investment.
Quote: If Ebank is serious about secured loans for T2 BPO purchase then they need to be charging a monthly interest rate of around 1% anything more and they are just ripping people off.
EBANK have customers and are a fully operational business. This is not a charity.
When looking at the way this works Dav you need to understand that the loan corporation and EBANK are two separate entities. EBANK simply has complete trust in the loan corporation and will allow this corporation to handle security of the BPO's.
See a normal EBANK loan means your expensive asset/blueprint is sitting idle in a hangar. This option allows your expensive asset to continue to earn you income.
You don't need to get an EBANK loan, you can use the leasee program without any form of contact with EBANK. It's simply an additional service being offered for those who do want a loan, and want their bpo to continue earning cash whilst they achieve the loan.
I hope this helps.
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Proton Power
Amarr Tleilex Developments
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Posted - 2008.10.03 17:26:00 -
[33]
This thread is not a debate thread on how or what to do with the loaned isk or what BPO's should cost. It is a thread for the lease of T2 BPO's and EBANK in conjunction with that has offered people that leased BPO's automatic approved loans. Simple as that.
So far have had a lot of convo's and mails about pricing and such, already have a few BPO's Leased to us. Right now we have room for aprox 48 more BPO's until the first 90 days is up.
Earn Isk on your Idle Isk Today! |
Femintaki
Gallente
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Posted - 2008.10.03 17:50:00 -
[34]
Originally by: Proton Power This thread is not a debate thread on how or what to do with the loaned isk or what BPO's should cost.
Keeps it in the public eye though PP ... hehe
hugs Fem
Quote: Do or do not - there is no try!
Buying T2 Ammo BPOs See here |
Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2008.10.03 18:18:00 -
[35]
For what it is worth coming from me, I endorse Proton Power as a man of honor and integrity.
For what it is further worth, I must say that Ricdic is also a trustworthy guy, even if he is an Aussie... --
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.10.03 18:23:00 -
[36]
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SencneS
Amarr Rebellion Against big Irreversible Dinks
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Posted - 2008.10.03 21:42:00 -
[37]
I am here to confirm I have 200 Shares in this corporation and have been actively locking down BPOs.
Personal history.
I am on the Board of Directors for EBANK and Block Ships and Ammunitions Corporation (BSA). Both BSA and EBANK are well known in the financial sector of EVE, and both are considered solid investments. People involved with these two corporations take great care and pride in providing a secure location in which the public can invest with low Risk. Within both corporations I have to consider and vote on changes and strategies of which effects approximately 1.5 Trillion in ISK and Assets.
Amarr for Life |
Proton Power
Amarr Tleilex Developments
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Posted - 2008.10.04 12:20:00 -
[38]
Online now and ready to work out some deals.
Earn Isk on your Idle Isk Today! |
Splagada
Minmatar Tides of Silence KIA Alliance
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Posted - 2008.10.04 16:14:00 -
[39]
knock knock; alt tab back ig :p |
Proton Power
Amarr Tleilex Developments
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Posted - 2008.10.06 00:38:00 -
[40]
This should be near page 1 :)
Earn Isk on your Idle Isk Today! |
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Proton Power
Amarr Tleilex Developments
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Posted - 2008.10.08 17:59:00 -
[41]
Only looking for aprox 40 more BPO's. I will be online starting Friday through the weekend again for pricing and contracts.
Also willing to consider 33 day Leases as well if its worth the time for both parties.
Earn Isk on your Idle Isk Today! |
Ricdic
Caldari
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Posted - 2008.10.10 03:12:00 -
[42]
Service bump |
Alvara
Kuiper Belt Industries
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Posted - 2008.10.10 17:05:00 -
[43]
Originally by: Proton Power Only looking for aprox 40 more BPO's. I will be online starting Friday through the weekend again for pricing and contracts.
Also willing to consider 33 day Leases as well if its worth the time for both parties.
I may try again. But last convo attempt from my indy "Agrilad" was not taken up. I'm tempted, so I can take a 3 month break from eve and continue getting profit.
Tired of Waiting to do research? Use Empire Research |
Grendell
Technologies Unlimited
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Posted - 2008.10.10 17:17:00 -
[44]
Originally by: Alvara
Originally by: Proton Power Only looking for aprox 40 more BPO's. I will be online starting Friday through the weekend again for pricing and contracts.
Also willing to consider 33 day Leases as well if its worth the time for both parties.
I may try again. But last convo attempt from my indy "Agrilad" was not taken up. I'm tempted, so I can take a 3 month break from eve and continue getting profit.
If you are having trouble reaching one of them, you could join the channel "EBANK" ingame. When they are online they are in there. And nother staff member can always nudge proton or Ric for you
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Ricdic
Caldari
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Posted - 2008.10.11 02:45:00 -
[45]
Yep or I can be contacted via the details here when you can't catch Proton. I pretty much speak with Proton daily. |
Ricdic
Caldari
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Posted - 2008.10.11 22:27:00 -
[46]
bumps |
Proton Power
Amarr Tleilex Developments
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Posted - 2008.10.13 12:54:00 -
[47]
Today is last day for about 2 weeks to lease your BPO's. My slots are filling up fast as well keep that in mind.
Convo - Proton Power, Chris Smith or DeathGrip for your BPO Evaluation.
Earn Isk on your Idle Isk Today! |
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