How much is down payment when buying BMW 5 Series car?
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| BMW 5 Series Variants | Exshowroom Price | Down Payment |
|---|---|---|
| BMW 5 Series 525i | ₹ 35,44,000 | ₹ 5,31,600 |
| BMW 5 Series 530i | ₹ 49,34,000 | ₹ 7,40,100 |
| BMW 5 Series 520d | ₹ 39,29,000 | ₹ 5,89,350 |
| BMW 5 Series 530d | ₹ 46,02,000 | ₹ 6,90,300 |
| BMW 5 Series 530d Highline | ₹ 49,98,000 | ₹ 7,49,700 |
| BMW 5 Series 520d Modern Line | ₹ 48,90,000 | ₹ 7,33,500 |
| BMW 5 Series 520d Luxury Line | ₹ 48,90,000 | ₹ 7,33,500 |
| BMW 5 Series 525d Luxury Plus | ₹ 54,20,000 | ₹ 8,13,000 |
| BMW 5 Series 530d M Sport | ₹ 58,30,000 | ₹ 8,74,500 |
| BMW 5 Series Sedan | ₹ 1,30,00,000 | ₹ 19,50,000 |
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.