Common Everyday Cases of Interest: Difference between revisions
From Halachipedia
→Car Loan
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==Car Loan== | ==Car Loan== | ||
# Getting a loan for purchasing a car may not be taken with interest if the loan, provided by the bank or dealership, is done with another Jew. TO avoid any issue, one can either take the auto loan from a non-Jewish bank<ref>[https://dinonline.org/2020/03/08/ribbis-on-auto-loans/ dinonline.org (3/8/2020)]</ref> or with the Jewish lending group, appending to the loan document that it is done in accordance with the [[heter iska]] of a standard Israeli bank.<ref>[https://www.toraland.org.il/%D7%A9%D7%90%D7%9C%D7%95%D7%AA-%D7%95%D7%AA%D7%A9%D7%95%D7%91%D7%95%D7%AA/%D7%9B%D7%9C%D7%9B%D7%9C%D7%94-%D7%95%D7%9E%D7%A9%D7%A4%D7%98/%D7%9E%D7%A9%D7%A4%D7%98-%D7%94%D7%AA%D7%95%D7%A8%D7%94/%D7%A8%D7%99%D7%91%D7%99%D7%AA-%D7%91%D7%A7%D7%A0%D7%99%D7%99%D7%AA-%D7%A8%D7%9B%D7%91-%D7%91%D7%AA%D7%A9%D7%9C%D7%95%D7%9E%D7%99%D7%9D/ toraland.org.il]</ref> | # Getting a loan for purchasing a car may not be taken with interest if the loan, provided by the bank or dealership, is done with another Jew. TO avoid any issue, one can either take the auto loan from a non-Jewish bank<ref>[https://dinonline.org/2020/03/08/ribbis-on-auto-loans/ dinonline.org (3/8/2020)]</ref> or with the Jewish lending group, appending to the loan document that it is done in accordance with the [[heter iska]] of a standard Israeli bank.<ref>[https://www.toraland.org.il/%D7%A9%D7%90%D7%9C%D7%95%D7%AA-%D7%95%D7%AA%D7%A9%D7%95%D7%91%D7%95%D7%AA/%D7%9B%D7%9C%D7%9B%D7%9C%D7%94-%D7%95%D7%9E%D7%A9%D7%A4%D7%98/%D7%9E%D7%A9%D7%A4%D7%98-%D7%94%D7%AA%D7%95%D7%A8%D7%94/%D7%A8%D7%99%D7%91%D7%99%D7%AA-%D7%91%D7%A7%D7%A0%D7%99%D7%99%D7%AA-%D7%A8%D7%9B%D7%91-%D7%91%D7%AA%D7%A9%D7%9C%D7%95%D7%9E%D7%99%D7%9D/ toraland.org.il]</ref> | ||
# It is permitted to buy a car on discount by paying upfront even though it won't be available or delivered until later as long as the seller owned it at the time of the sale and the seller didn't explicitly state that the reason for the discount is because it is paid in advance.<reF>Milveh Hashem 1:9:23 based on Shulchan Aruch Y.D. 173:7.</reF> | |||
==Sources== | ==Sources== | ||
<references/> | <references/> | ||
[[Category:Ribbit]] | [[Category:Ribbit]] | ||
