How much is down payment when buying Hyundai Venue car?
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| Hyundai Venue Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Hyundai Venue S 1.2 Petrol | ₹ 7,59,000 | ₹ 1,13,850 |
| Hyundai Venue E 1.2 Petrol | ₹ 6,99,200 | ₹ 1,04,880 |
| Hyundai Venue SX 1.5 CRDi | ₹ 10,00,000 | ₹ 1,50,000 |
| Hyundai Venue SX 1.5 (O) CRDi | ₹ 11,40,000 | ₹ 1,71,000 |
| Hyundai Venue S Plus 1.2 Petrol | ₹ 8,46,000 | ₹ 1,26,900 |
| Hyundai Venue SX (O) 1.0 Turbo iMT | ₹ 11,17,000 | ₹ 1,67,550 |
| Hyundai Venue SX 1.0 Turbo | ₹ 9,98,000 | ₹ 1,49,700 |
| Hyundai Venue SX 1.0 Turbo iMT | ₹ 10,00,000 | ₹ 1,50,000 |
| Hyundai Venue SX Plus 1.0 Turbo DCT | ₹ 11,50,000 | ₹ 1,72,500 |
| Hyundai Venue S(O) 1.0 Turbo iMT | ₹ 9,11,000 | ₹ 1,36,650 |
| Hyundai Venue S(O) 1.5 CRDi | ₹ 9,52,000 | ₹ 1,42,800 |
| Hyundai Venue S (O) 1.0 Turbo DCT | ₹ 10,01,000 | ₹ 1,50,150 |
| Hyundai Venue SX 1.0 Turbo iMT Dual Tone | ₹ 10,37,000 | ₹ 1,55,550 |
| Hyundai Venue SX (O) 1.5 CRDi Executive | ₹ 11,04,000 | ₹ 1,65,600 |
| Hyundai Venue SX (O) 1.0 Turbo iMT Dual Tone | ₹ 11,48,000 | ₹ 1,72,200 |
| Hyundai Venue SX Plus 1.0 Turbo DCT Dual Tone | ₹ 11,85,000 | ₹ 1,77,750 |
| Hyundai Venue S O 1.2 Petrol | ₹ 9,50,000 | ₹ 1,42,500 |
| Hyundai Venue SX 1.2 Petrol | ₹ 10,70,000 | ₹ 1,60,500 |
| Hyundai Venue SX 1.5 CRDi Dual Tone | ₹ 11,62,000 | ₹ 1,74,300 |
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.