How much is down payment when buying Maruti S-Presso car?
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| Maruti S-Presso Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Maruti S-Presso Std | ₹ 3,78,000 | ₹ 56,700 |
| Maruti S-Presso Std (O) | ₹ 3,84,000 | ₹ 57,600 |
| Maruti S-Presso Lxi | ₹ 4,16,500 | ₹ 62,475 |
| Maruti S-Presso LXi (O) | ₹ 4,22,500 | ₹ 63,375 |
| Maruti S-Presso Vxi | ₹ 4,40,000 | ₹ 66,000 |
| Maruti S-Presso Vxi (O) | ₹ 4,46,000 | ₹ 66,900 |
| Maruti S-Presso Vxi Plus | ₹ 4,63,500 | ₹ 69,525 |
| Maruti S-Presso Vxi AMT | ₹ 4,90,000 | ₹ 73,500 |
| Maruti S-Presso Vxi (O) AMT | ₹ 4,96,000 | ₹ 74,400 |
| Maruti S-Presso Vxi Plus AMT | ₹ 5,06,500 | ₹ 75,975 |
| Maruti S-Presso Lxi CNG | ₹ 5,06,500 | ₹ 75,975 |
| Maruti S-Presso Lxi (O) CNG | ₹ 5,12,500 | ₹ 76,875 |
| Maruti S-Presso Vxi CNG | ₹ 5,30,000 | ₹ 79,500 |
| Maruti S-Presso Vxi (O) CNG | ₹ 5,36,000 | ₹ 80,400 |
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.