How much is down payment when buying Honda Activa 125cc Bike?
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| Model | Exshowroom Price | Down Payment |
|---|---|---|
| Honda Activa 125 DLX | ₹ 65,012 | ₹ 9,752 |
| Honda Activa 125 Drum Alloy | ₹ 83,474 | ₹ 12,522 |
| Honda Activa 125 Disc | ₹ 86,979 | ₹ 13,047 |
| Honda Activa 125 DLX BS-IV | ₹ 68,297 | ₹ 10,245 |
| Honda Activa 125 STD | ₹ 67,490 | ₹ 10,124 |
| Honda Activa 125 Alloy | ₹ 76,206 | ₹ 11,431 |
| Honda Activa 125 Deluxe | ₹ 79,760 | ₹ 11,964 |
| Honda ACTIVA 125 H-SMART | ₹ 88,979 | ₹ 13,347 |
| Honda Activa 125 STD | ₹ 79,806 | ₹ 11,971 |
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.