fido, page-3

I could be wrong but from what I understand the 10% deposit of the purchase price is a fee and does not come off the principle.

For example, if you borrow $5,000 you pay $500 up front but still owe $5000 + transaction fees.

Refer
http://www.smartfido.com.au/Quick-Quote

The 10% deposit is listed under fees leading me to believe it is a fee and not a deposit in the traditional sense.

Not sure though and if anyone could clarify it would be appreciated.