How much is down payment when buying Honda WR-V car?

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Q : How much is down payment when buying Honda WR-V car?
A : The down payment of Honda WR-V is
Honda WR-V VariantsExshowroom PriceDown Payment
Honda WR-V VX MT Petrol ₹ 9,89,107 ₹ 1,48,367
Honda WR-V VX MT Diesel ₹ 11,79,659 ₹ 1,76,949
Honda WR-V SV MT Petrol ₹ 8,76,008 ₹ 1,31,402
Honda WR-V SV MT Diesel ₹ 10,77,081 ₹ 1,61,563
Down payment of Honda WR-V is ₹ 1,61,563. This is estimated on the basis of delhi price. To know the exact down payment in your city and EMI (finance options) in your city at your desired bank click

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.

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