{"_id":"668da0b30b76658b4c233e49","title":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Is it permissible to buy down the interest rate on a car loan to 0% before purchasing?\"}]}]}}","question":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"I was wondering if buying down the interest rate on a car loan to 0% is permissible, or would that be considered paying interest upfront and therefore still impermissible?\"}]}]}}","answer":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"If you can get the seller to roll up the interest into the sale price, then it's permissible because the contract is no longer a ribā contract, it becomes a sale contract. Hence, it's a sale and not a loan with interest/ribā. This is obviously not ideal, but if you cannot find another way to buy a car and you need one, then it's better to work out a deal like this than get into a ḥarām ribā contract.\"}]}]}}","tags":[{"_id":"668da01b0b76658b4c232e51","tag":"Contemporary Life: Interest","count":35},{"_id":"668da0110b76658b4c232d3e","tag":"Car","count":6}],"createdOn":"2024-07-09T20:42:27.520Z"}