How much is down payment when buying Yamaha YZF R15 V4.0 Bike?
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| Model | Exshowroom Price | Down Payment |
|---|---|---|
| Yamaha YZF R15 V4.0 Dark Night | ₹ 1,58,700 | ₹ 23,805 |
| Yamaha YZF R15 V4.0 MotoGP Edition | ₹ 1,82,800 | ₹ 27,420 |
| Yamaha YZF R15 V4.0 Thunder Grey | ₹ 1,80,800 | ₹ 27,120 |
| Yamaha YZF R15 V4.0 Dark Night | ₹ 1,71,800 | ₹ 25,770 |
| Yamaha YZF R15 V4.0 Metallic Red | ₹ 1,70,800 | ₹ 25,620 |
| Yamaha YZF R15 V4.0 M | ₹ 1,80,000 | ₹ 27,000 |
| Yamaha YZF R15 V4.0 Racing Blue | ₹ 1,58,700 | ₹ 23,805 |
Down Payment is nothing but a type of payment made in cash during the onset of the purchase of an expensive good/service. The payment typically represents only a percentage of the full purchase price; in some cases it is not refundable if the deal falls through. Financing arrangements are made by the purchaser to cover the remaining amount owed to the seller. Making a down payment and then paying the rest of the price through installments is a method that makes expensive assets more affordable for the typical person. For example, because houses are extremely expensive assets, home buyers typically pay down payments that equal 5-25% of the total value of a home. The remaining 75-95% of the price will be covered by a bank or other financial institutions through a mortgage loan. The main purposes of a down payment are to ensure that the lending institution has enough capital to create money for a loan in fractional reserve banking systems and to recover some of the balance due on the loan in the event that the borrower defaults.