What home can I afford?
- Tampa Finance and Mortgage Calculators
A
down payment is the cash you deposit towards
the purchase of equipment, or commercial vehicle.
The larger the down payment, the less you are
required to borrow. For equipment loans, a down
payment of 20% of the equipment purchase price
is generally required. The value of a trade-in
can be used instead of a down payment when purchasing
replacement equipment.
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