What does a payment plan with no down payment imply for the customer?

A payment plan with no down payment means that the customer is not required to make an initial payment before beginning the installment payments. This arrangement can be particularly appealing as it lowers the barrier to entry for customers, allowing them to start the payment plan without having to come up with a lump sum of money upfront.

This type of plan can make budgeting easier for customers since they can spread their payment obligations over time without the need to have cash on hand initially. Immediate payment requirements or higher total costs are not applicable here because the focus is specifically on the absence of an upfront cost. While more frequent payments could potentially be a feature of the plan, it is not a direct implication of having no down payment. Therefore, stating that no initial fee is needed accurately describes what this payment plan entails for the customer.