When making a large purchase such as a home or vehicle do you consider the down payment part of the amount you are paying for the item or just the portion that you finance?
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Did the down payment go towards the item that was purchased? Then yes it’s part of the purchase. What else would a down purchase be considered???
The down payment is part of the purchase price. It just lessens the amount you need to finance
Yes, a down payment is a portion of the purchase price by definition. If you put a $5,000 down payment on a $20,000 car purchase, your financing paperwork will show it subtracted from the total financed and you’ll only pay interest on the remaining $15,000 of the sale price. Usually there are other costs included in the financing like taxes, registration, & title fees so you need to carefully read what you’re signing.
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Part of the purchase lol. You wouldn’t even be making a purchase like that unless you had a down payment put down.
I don’t understand the question lol. Of course it’s part of the purchase, it’s money going towards whatever I’m purchasing.
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If my bill is $200 and I make a down payment of $100, I owe $100.
I don’t think you understand what you’re asking…
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To me it’s always forgotten money, and I find I concentrate mostly on the amount financed. But technically it’s part of the purchase price.
A down payment is always part of the purchase price…
If a vehicle costs $20K, you put a down payment of $5K on it and then make payments on the remaining $15K, you still paid $20K for the vehicle.
Where do you think a down payment goes?