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"Received $------- as deposit toward purchase of (vehicle description) balance due upon delivery of said vehicle.
(For your protection) Above described vehicle sold "AS IS AS Shown" with no warranty expressed or implied except that of clear title.
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∙ 11y ago
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How do you write a down payment receipt?
The total purchase price should be the first thing written. The down payment price should then be written under the purchase price. Subtract the down payment amount from the purchase price amount. This will leave you and your client with a balance amount due. Also, address all terms and conditions regarding your sale...in other words, additional payment due dates for balance, with or without penalties, late fees, etc. Address, also, any interest that may or may not incur over a period of time.
When you put a down payment on a car do dealers come down on price?
When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.
Is a receipt same as warranty?
A receipt is a piece of paper certifying payment whilst a warranty is a document which specifies what repairs will be made - and at what cost - if it breaks down within a certain period.
What are the accounting journal entries to record a down payment of inventory in one year and the receipt of the merchancise in the following year?
debit down paymentcredit bank
How do you get your down payment back on foreclosed property?
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
What type of purchases require a down payment?
Several purchases require a down payment. Some examples are houses, cars and boats. The amount of the down payment is negotiated between the buyer and the seller of the purchase.
What kind of down payment is needed for a home loan?
The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.
How do you buy a home with no down payment?
You can purchase a home with no money down when you make arrangements with the owner. Some companies will allow you to use your land as a down payment as well.
Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with 1/3rd down payment?
Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with one-third down payment?
What is the down payment of 20 percent on a purchase price of 215 000?
43,000
The purchase of a truck with a down payment was recorded as a pure cash purchase this error would cause?
Liabilities were underrated
