Is paying full price considered an interest payment
Question
I bought a jar of ointment from a lady who only used it a couple of times. Do I have to pay her the full price for it, or maybe on the contrary, this is forbidden because it’s considered paying an interest? And if this is problematic because of interest, how am I supposed to pay her?
Answer
Dear …!
Paying high price for a product does not present a problem of interest because this is a sale, not a loan. But according to the laws of buying and selling, you don’t have to pay the full price in this case, since a used product does not cost as much a new product. It should cost about 30% less.
Comments
Have an additional question on this topic or need clarification? Leave your comment below. (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)
Become our patrners in supporting and spreading the Torah
Help us answer more questions faster and better
Join the mission