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Results tagged with down-payment
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user 42590
to be used for question that related to initial upfront payment made for acquiring an asset [typically used in context of Car or House] while the balance is funded as loan.
21
votes
7
answers
8k
views
How is making a down payment different from getting a smaller loan?
What is the difference between these two things?
$100k loan with $20k down payment to buy a $100k thing
$80k loan with $0 down payment to buy a $100k thing
They seem effectively identical. But in t …
- 531