How much is down payment when buying Kia Seltos car?
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| Kia Seltos Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Kia Seltos HTE 1.5 | ₹ 9,89,000 | ₹ 1,48,350 |
| Kia Seltos HTK 1.5 | ₹ 10,84,000 | ₹ 1,62,600 |
| Kia Seltos HTK Plus 1.5 | ₹ 11,89,000 | ₹ 1,78,350 |
| Kia Seltos HTX 1.5 | ₹ 13,75,000 | ₹ 2,06,250 |
| Kia Seltos GTX Plus 1.4 | ₹ 16,75,000 | ₹ 2,51,250 |
| Kia Seltos HTE 1.5 Diesel | ₹ 10,65,000 | ₹ 1,59,750 |
| Kia Seltos HTK 1.5 Diesel | ₹ 11,99,000 | ₹ 1,79,850 |
| Kia Seltos HTK Plus 1.5 Diesel | ₹ 13,19,000 | ₹ 1,97,850 |
| Kia Seltos HTX 1.5 Diesel | ₹ 14,95,000 | ₹ 2,24,250 |
| Kia Seltos HTX Plus AT 1.5 Diesel | ₹ 16,34,000 | ₹ 2,45,100 |
| Kia Seltos Anniversary Edition 1.5 | ₹ 13,87,000 | ₹ 2,08,050 |
| Kia Seltos Anniversary Edition 1.5 Diesel | ₹ 14,97,000 | ₹ 2,24,550 |
| Kia Seltos GTX Plus 1.4 Dual Tone | ₹ 16,70,000 | ₹ 2,50,500 |
| Kia Seltos GTX Plus DCT 1.4 | ₹ 17,54,000 | ₹ 2,63,100 |
| Kia Seltos GTX Plus DCT 1.4 Dual Tone | ₹ 17,50,000 | ₹ 2,62,500 |
| Kia Seltos HTX Plus 1.5 Diesel Dual Tone | ₹ 15,80,000 | ₹ 2,37,000 |
| Kia Seltos X Line 1.4 DCT | ₹ 17,79,000 | ₹ 2,66,850 |
| Kia Seltos X Line 1.5 Diesel AT | ₹ 18,10,000 | ₹ 2,71,500 |
| Kia Seltos HTK Plus 1.5 iMT | ₹ 12,29,000 | ₹ 1,84,350 |
| Kia Seltos HTK Plus 1.5 Diesel AT | ₹ 14,15,000 | ₹ 2,12,250 |
| Kia Seltos HTX 1.5 CVT | ₹ 14,75,000 | ₹ 2,21,250 |
| Kia Seltos GTX (O) 1.4 | ₹ 15,45,000 | ₹ 2,31,750 |
| Kia Seltos GTX Plus 1.5 Diesel AT | ₹ 17,85,000 | ₹ 2,67,750 |
| Kia Seltos GTX Plus 1.5 Diesel AT Dual Tone | ₹ 18,04,000 | ₹ 2,70,600 |
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.