How much is down payment when buying Ford EcoSport car?
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| Ford EcoSport Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Ford EcoSport Ambiente 1.5L Ti-VCT | ₹ 8,19,000 | ₹ 1,22,850 |
| Ford EcoSport Ambiente 1.5L TDCi | ₹ 8,89,000 | ₹ 1,33,350 |
| Ford EcoSport Trend 1.5L Ti-VCT | ₹ 8,84,000 | ₹ 1,32,600 |
| Ford EcoSport Trend 1.5L TDCi | ₹ 9,34,000 | ₹ 1,40,100 |
| Ford EcoSport Titanium 1.5L Ti-VCT | ₹ 9,99,000 | ₹ 1,49,850 |
| Ford EcoSport Titanium 1.5L TDCi | ₹ 9,99,900 | ₹ 1,49,985 |
| Ford EcoSport Titanium + 1.5L Ti-VCT AT | ₹ 11,39,000 | ₹ 1,70,850 |
| Ford EcoSport S MT 1.5 TDCi | ₹ 11,69,000 | ₹ 1,75,350 |
| Ford EcoSport S MT 1.5 Ti-VCT | ₹ 11,19,000 | ₹ 1,67,850 |
| Ford EcoSport SE 1.5L TDCi | ₹ 11,19,000 | ₹ 1,67,850 |
| Ford EcoSport SE 1.5L Ti-VCT | ₹ 10,69,000 | ₹ 1,60,350 |
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.