How much is down payment when buying Jeep Compass car?
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| Jeep Compass Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Jeep Compass Sport 1.4 Petrol | ₹ 15,60,000 | ₹ 2,34,000 |
| Jeep Compass Sport 2.0 Diesel | ₹ 16,61,000 | ₹ 2,49,150 |
| Jeep Compass Longitude 2.0 Diesel | ₹ 18,03,000 | ₹ 2,70,450 |
| Jeep Compass Longitude (O) 2.0 Diesel | ₹ 18,88,000 | ₹ 2,83,200 |
| Jeep Compass Limited 2.0 Diesel | ₹ 19,73,000 | ₹ 2,95,950 |
| Jeep Compass Limited 1.4 Petrol AT | ₹ 19,96,000 | ₹ 2,99,400 |
| Jeep Compass Limited (O) 2.0 Diesel | ₹ 20,22,000 | ₹ 3,03,300 |
| Jeep Compass Limited (O) 1.4 Petrol AT | ₹ 20,55,000 | ₹ 3,08,250 |
| Jeep Compass Limited 2.0 Diesel 4x4 | ₹ 21,51,000 | ₹ 3,22,650 |
| Jeep Compass Limited (O) 2.0 Diesel 4x4 | ₹ 21,99,000 | ₹ 3,29,850 |
| Jeep Compass Sport Plus 1.4 Petrol | ₹ 15,99,000 | ₹ 2,39,850 |
| Jeep Compass Longitude (O) 1.4 Petrol AT | ₹ 19,00,000 | ₹ 2,85,000 |
| Jeep Compass Limited (O) 1.4 Petrol AT Black Pack | ₹ 20,70,000 | ₹ 3,10,500 |
| Jeep Compass Limited Plus Petrol AT | ₹ 21,67,000 | ₹ 3,25,050 |
| Jeep Compass Sport Plus 2.0 Diesel | ₹ 16,99,000 | ₹ 2,54,850 |
| Jeep Compass Sport Bedrock 2.0 Diesel | ₹ 17,53,100 | ₹ 2,62,965 |
| Jeep Compass Limited (O) 2.0 Diesel Black Pack | ₹ 20,36,300 | ₹ 3,05,445 |
| Jeep Compass Limited Plus Diesel | ₹ 21,33,000 | ₹ 3,19,950 |
| Jeep Compass Limited (O) 2.0 Diesel 4x4 Black Pack | ₹ 22,14,000 | ₹ 3,32,100 |
| Jeep Compass Limited Plus Diesel 4x4 | ₹ 23,11,000 | ₹ 3,46,650 |
| Jeep Compass Trailhawk 2.0 4x4 | ₹ 26,80,000 | ₹ 4,02,000 |
| Jeep Compass Trailhawk (O) 2.0 4x4 | ₹ 27,60,000 | ₹ 4,14,000 |
| Jeep Compass Night Eagle O 2.0 Diesel | ₹ 27,67,000 | ₹ 4,15,050 |
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.