The first amount you pay upfront when buying something on credit or in installments.

Why it matters:

• Reduces the amount you need to borrow
• Builds trust with sellers and lenders
• Makes it easier to access credit or assets

Example:

You buy a delivery van for $10,000.
The dealer asks for a 30% down payment ($3,000) upfront, and you finance the remaining $7,000 over time.

Have you ever struggled to make a down payment for equipment or supplies?

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