How much is down payment when buying Hyundai Grand i10 Nios car?
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| Hyundai Grand i10 Nios Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Hyundai Grand i10 Nios Era 1.2 Kappa VTVT | ₹ 5,28,590 | ₹ 79,289 |
| Hyundai Grand i10 Nios Magna 1.2 Kappa VTVT | ₹ 5,99,900 | ₹ 89,985 |
| Hyundai Grand i10 Nios Magna AMT 1.2 Kappa VTVT | ₹ 6,67,210 | ₹ 1,00,082 |
| Hyundai Grand i10 Nios Sportz 1.2 Kappa VTVT | ₹ 6,66,950 | ₹ 1,00,043 |
| Hyundai Grand i10 Nios Sportz 1.2 Kappa VTVT Dual Tone | ₹ 6,96,950 | ₹ 1,04,543 |
| Hyundai Grand i10 Nios Magna U2 1.2 CRDi | ₹ 7,12,000 | ₹ 1,06,800 |
| Hyundai Grand i10 Nios Sportz AMT 1.2 Kappa VTVT | ₹ 7,27,950 | ₹ 1,09,193 |
| Hyundai Grand i10 Nios Asta 1.2 Kappa VTVT | ₹ 7,42,550 | ₹ 1,11,383 |
| Hyundai Grand i10 Nios Sportz AMT 1.2 CRDi | ₹ 8,27,000 | ₹ 1,24,050 |
| Hyundai Grand i10 Nios Asta U2 1.2 CRDi | ₹ 8,41,000 | ₹ 1,26,150 |
| Hyundai Grand i10 Nios Magna 1.2 Kappa VTVT CNG | ₹ 6,99,710 | ₹ 1,04,957 |
| Hyundai Grand i10 Nios Sportz 1.2 Kappa VTVT CNG | ₹ 7,53,450 | ₹ 1,13,018 |
| Hyundai Grand i10 Nios Asta AMT 1.2 Kappa VTVT | ₹ 7,91,050 | ₹ 1,18,658 |
| Hyundai Grand i10 Nios Sportz 1.0 Turbo GDi | ₹ 7,87,650 | ₹ 1,18,148 |
| Hyundai Grand i10 Nios Sportz 1.0 Turbo GDi Dual Tone | ₹ 7,92,950 | ₹ 1,18,943 |
| Hyundai Grand i10 Nios Sportz U2 1.2 CRDi | ₹ 7,66,000 | ₹ 1,14,900 |
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.