My understanding is that this would apply in a cash or financed transaction. Therefore it should be exempt from ppfc unless there is some overriding State Law. Non ppfc??

Correct, if it is the same regardless of a loan or cash purchase.

1026.4(a) Definition. The finance charge is the cost of consumer credit as a dollar amount. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit. It does not include any charge of a type payable in a comparable cash transaction.

Right, was just wondering about some weird state law overriding Z based on an answer I got recently. Before I totally argue the point.