How much is down payment when buying Hyundai Aura car?
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| Hyundai Aura Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Hyundai Aura E 1.2 Petrol | ₹ 5,92,000 | ₹ 88,800 |
| Hyundai Aura S 1.2 CRDi | ₹ 7,85,000 | ₹ 1,17,750 |
| Hyundai Aura SX 1.2 (O) Petrol | ₹ 7,93,000 | ₹ 1,18,950 |
| Hyundai Aura SX Plus 1.0 Petrol | ₹ 8,66,000 | ₹ 1,29,900 |
| Hyundai Aura SX 1.2 Petrol | ₹ 7,37,000 | ₹ 1,10,550 |
| Hyundai Aura SX Plus 1.2 AMT Petrol | ₹ 8,12,000 | ₹ 1,21,800 |
| Hyundai Aura S 1.2 AMT CRDi | ₹ 8,35,000 | ₹ 1,25,250 |
| Hyundai Aura SX Plus 1.2 AMT CRDi | ₹ 9,30,000 | ₹ 1,39,500 |
| Hyundai Aura S 1.2 Petrol | ₹ 6,68,000 | ₹ 1,00,200 |
| Hyundai Aura S 1.2 CNG Petrol | ₹ 7,44,000 | ₹ 1,11,600 |
| Hyundai Aura SX 1.2 (O) CRDi | ₹ 9,11,000 | ₹ 1,36,650 |
| Hyundai Aura S 1.2 AMT Petrol | ₹ 7,18,000 | ₹ 1,07,700 |
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.