Where to get a loan for pro star mazda formula purchase? - formula for recuring.deposit
Where can I get a loan for the purchase of the Star Mazda Pro formula? The cost of formula for about $ 100,000. What type of loan would be for business or for pleasure? I have no home can not be a shareholder loan.
Thursday, February 18, 2010
Formula For Recuring.deposit Where To Get A Loan For Pro Star Mazda Formula Purchase?
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The car and team base is approximately $ 100K, which is good ... But it is your money to take to race in campaign spending and a year ... which is probably another $ 20 for mid-30K in the back.
The fact that you have about the clock, it is not much chance of a loan, but: If you have a business plan and intends to make a profit, then you may be able to be a commercial loan. But even here, if you so request, do not have the necessary sponsorship online or on the computer or the drivers who were able to make a small (very small) amount of money from it .. . it would be an unsecured personal loans (given the nature of a race car, it is unlikely that the lender, which by many as theown vehicles or equipment as collateral) for the loan. The most important question you need to answer is how you should expect to pay it again? Can you repay the $ 20k/year Auto-campaign and another $ 30k/year that the loan?
If you can afford it, then check with your bank lending rates and to offer as much to ... If you do not pay money to save 50K a year, then perhaps you should put in a different form of racing look, even if it should be in the Star Mazda Pro, you think about renting a car for racing's plans it to run (I hope that cars and related support at the weekend will probably 8-12k/race $) plus the cost of the damage.
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