How much is down payment when buying Hyundai i20 car?
Ask your questions through Vicky.in FAQs page. Find out the answers for all questions of Hyundai i20 Cars. Clarify all doubts for all Cars through FAQs page. Ask question not only for Cars but also regarding the website and get all the details.
| Hyundai i20 Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Hyundai i20 Magna 1.2 MT | ₹ 6,80,000 | ₹ 1,02,000 |
| Hyundai i20 Sportz 1.2 MT | ₹ 7,60,000 | ₹ 1,14,000 |
| Hyundai i20 Magna 1.5 MT Diesel | ₹ 8,20,000 | ₹ 1,23,000 |
| Hyundai i20 Sportz 1.2 IVT | ₹ 8,60,000 | ₹ 1,29,000 |
| Hyundai i20 Asta 1.2 MT | ₹ 8,70,000 | ₹ 1,30,500 |
| Hyundai i20 Sportz 1.0 Turbo IMT | ₹ 8,80,000 | ₹ 1,32,000 |
| Hyundai i20 Sportz 1.5 MT Diesel | ₹ 9,00,000 | ₹ 1,35,000 |
| Hyundai i20 Asta 1.2 MT (O) | ₹ 9,19,999 | ₹ 1,38,000 |
| Hyundai i20 Asta 1.2 IVT | ₹ 9,71,000 | ₹ 1,45,650 |
| Hyundai i20 Asta 1.0 Turbo IMT | ₹ 9,91,000 | ₹ 1,48,650 |
| Hyundai i20 Asta 1.5 (O) MT Diesel | ₹ 10,60,000 | ₹ 1,59,000 |
| Hyundai i20 Asta 1.0 Turbo DCT | ₹ 10,68,000 | ₹ 1,60,200 |
| Hyundai i20 Asta 1.0 (O) Turbo DCT | ₹ 11,18,000 | ₹ 1,67,700 |
| Hyundai i20 Asta (O) 1.0 Turbo DCT Dual Tone | ₹ 11,33,000 | ₹ 1,69,950 |
| Hyundai i20 Asta (O) 1.2 MT Dual Tone | ₹ 9,35,000 | ₹ 1,40,250 |
| Hyundai i20 Asta (O) 1.5 MT Diesel | ₹ 10,61,000 | ₹ 1,59,150 |
| Hyundai i20 Asta 1.0 Turbo DCT Dual Tone | ₹ 10,82,000 | ₹ 1,62,300 |
| Hyundai i20 Asta 1.0 Turbo IMT Dual Tone | ₹ 10,05,000 | ₹ 1,50,750 |
| Hyundai i20 Asta 1.2 IVT Dual Tone | ₹ 9,85,000 | ₹ 1,47,750 |
| Hyundai i20 Asta 1.2 MT Dual Tone | ₹ 8,85,000 | ₹ 1,32,750 |
| Hyundai i20 Sportz 1.0 Turbo IMT Dual Tone | ₹ 8,95,000 | ₹ 1,34,250 |
| Hyundai i20 Sportz 1.2 IVT Dual Tone | ₹ 8,76,000 | ₹ 1,31,400 |
| Hyundai i20 Sportz 1.2 MT Dual Tone | ₹ 7,75,000 | ₹ 1,16,250 |
| Hyundai i20 Sportz 1.5 MT Diesel Dual Tone | ₹ 9,15,000 | ₹ 1,37,250 |
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.