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How Much Down Payment Is Required In Equipment Leasing Agreement?
It depends if you are a start-up or not. In some instances a down payment can be a requirement for leasing equipment. Usually the minimum down payment would be equal to two monthly lease payments.
If a customer has given a down payment on goods does he have to pay the remainder?
This depends on several things:Local lawWhat the sales agreement reads and was one signedAnd finally what goods we are talking about.In our area a down payment is the beginning of a financing agreement. The "financing agreement" or "Loan" is a legal contract to make payment on a set cycle.Refusal to pay will be a default and result in bad consequences to your credit rating.A Deposit:Is a different mater, in my area it is a promise to purchase and the dealer or seller agrees to hold the item for a set period for this sum and the sum is applied to the purchase when the deal is finalised. The money is forfeited if you do not go through with the deal.
Can your payment for a loan be refused?
If You Have Had Your Loan Turned Over To A Collection Agency Then Your Payment Will Have To Be Paid To The Agency. Until An Agreement Is Reached By Both Parties. Or The Loan Is Paid Off. If This Has Not Happened, Set Down And Read Your Loan Contract. Then If In Doubt, Take This To Your County Attorney.
What is initial payment on a mortgage called?
Down payment
How helpful is a mortgage calculator for estimating a down payment?
The calculator lets you plug in various down payment amonuts to see what your monthly payments will be. This will allow you to determine the proper amount for a down payment, and the peace of mind to know that you can afford the monthly payment.
In the State of Arizona can a dealership repo a car if you are current on your payments but they made mistakes and never got your down payment?
Need more info how did they make the mistakes and not get the down payment? Well, technically yes. If you signed a finance agreement that stated a down payment and you didn't give a down payment, you breached the agreement. Whether it be by their mistake or yours. Now, is it right? No.
How Much Down Payment Is Required In Equipment Leasing Agreement?
It depends if you are a start-up or not. In some instances a down payment can be a requirement for leasing equipment. Usually the minimum down payment would be equal to two monthly lease payments.
Can a down payment be in a verbal agreement?
No! When working with loans, debts, and repossessions, always get everything in writing.
If a customer has given a down payment on goods does he have to pay the remainder?
This depends on several things:Local lawWhat the sales agreement reads and was one signedAnd finally what goods we are talking about.In our area a down payment is the beginning of a financing agreement. The "financing agreement" or "Loan" is a legal contract to make payment on a set cycle.Refusal to pay will be a default and result in bad consequences to your credit rating.A Deposit:Is a different mater, in my area it is a promise to purchase and the dealer or seller agrees to hold the item for a set period for this sum and the sum is applied to the purchase when the deal is finalised. The money is forfeited if you do not go through with the deal.
Can a car dealership repossess your car if they say you owe them more money for a down payment?
A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.
What is Deposit sales?
The deposit sales is the business type of payment , the customer will have to advance the payment before buying. The diffirent between the advance payment sales and deposit sales is about , the Advance Payment - the customer will have to order first then pay regarding to the order Deposit Sales - the customer will pay first before ordering.
What is installment sales fiinance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
What is installment sales finance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
Do I Really Need A Sales Agreement To Purchase A Building?
You should have a written sales agreement when buying real estate. The sales agreement should honestly spell out the cost, terms, and precisely what's covered and what is not included within the sale. The sales agreement is a legal report that offers you legal recourse if troubles should arise after the sale.
You got an offer on your house complete with a down payment but the deal fell through do you have to give back the down payment?
You need to read the sales contract you signed in order to determine what you agreed to in your situation. You should call your real estate agent.
What is the FHA Down Payment percentage and is it based on the base price of the home or final price?
Currently the minimum requirement for a down payment on an FHA backed loan is 3.5% of the sales price of the home, prior to any closing fees or commissions.
Can a car dealership cash your check that was used for down payment if you were never approved for financing?
A check given to the dealership will be cashed. This is normal in business. Whether they can keep the money or have to return it is based on what your purchase agreement reads. Where I live if the purchase agreement has "Subject to financing" on it the down payment must be returned if the dealer can not get you financing and you can't get outside financing. If it does not have that in it they get to keep the money.
