How do Down Payments work on the proposal?

The Down Payment will reduce the loan amount by the amount entered, and is meant to represent a portion of the system cost the customer is paying in cash, upfront. It is assumed that the customer will be paying that amount directly to the installer instead of the financier, so dealer fees will not apply to this amount. 

The user can update this amount by clicking on Update or on the already entered amount. 

The down payment feature is not on the proposal by default, if you’d like to add this feature to your proposals, please reach out to your CSM or Customer Support.