Whoever gets the last post wins!

[Kaylesh]

Got bored so I looked into lines of credit for my business. They want you to have cash flow, so can't get that. But I do have banks willing to give me $100,000+ in a loan to spend on cardboard. XD. Not sure I want a loan.

Almost tempted to apply for your pro legacy team

[LinkCelestrial]

RWBY: Grimm Eclipse is pretty good. I'm a sick for betas though.

[MarduArrow]

O.o

[Kaylesh]

I offer you a car loan of up to $10,000. You don't have to repay it as long as you don't get a ticket, get into an accident, and keep it insured for as long as you own it.  If you fail to do those, or get rid of it, you owe back the full amount plus higher than normal interest. After 10 years, you can sell the car/get rid of it and your liability goes away.

Do you take me up on that offer?

Don't try and find loopholes, I don't have it all worked out yet. Just assume it'll work like I think it will.

Invest in a classic that will do fine sitting in the garage for ten years, then sell for at least the insurance amount paid = profit?

[Kaylesh]

i doubt theres a car that would appreciate that much that fast.  And this would be targeted towards 16-25 males that make poor decisions. 

It doesn't have to appreciate. Buy for 10k, sell for 12-ish, assuming $100,- each month for insurance.

[LinkCelestrial]

Kaylesh's point. Especially if you put some work into it. Buy an oldie for 10k. Put a couple hundred, maybe thousand into restoring it and cash out.

On the idea itself it feels highly unethical to me. You're banking on giving a young driver a pretty good car and then screwing up, then you charge them excessively. Passive aggressive dad much?

From a business perspective, sounds like a horrible idea. You pay down 10k, then get...what? 15k (excessively high IMO but you might pull it off) back in one day to ten years? But what about the guy that didn't screw up? You're 10k in the hole, takes two screw ups to pay for him. So even if you get a 3 - 1 ratio, you're making 5k over what? Ten years? Sounds horrible.

[MarduArrow]

Fun

[MarduArrow]

Or is it?

[LinkCelestrial]

A free car? Yeah I'd do it. If you're making money through referrals, the business is losing even more.

[LinkCelestrial]

A free car? Yeah I'd do it. If you're making money through referrals, the business is losing even more.

money = in, but money = out?  I am confuse...

I already said the business isn't going to be making money. So they're going to pay you to not make money?

[LinkCelestrial]

As previously stated, they wouldn't be making money.

[LinkCelestrial]

How do they make $800? If they're paying you $500 to make $800 they're making $300 and that's a shitty profit margin. They'd do better to cut your pay down or find someone else. Besides that there's still the whole ratios problem and the timeframe problem.

[LinkCelestrial]

My course would call that brokering or being an agent. That's a lucrative business, just not in the form you've described.

[MarduArrow]

Last

[LinkCelestrial]

Ah. Cool.