How much is down payment when buying Mahindra XUV300 car?
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| Mahindra XUV300 Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Mahindra XUV300 1.5 W4 | ₹ 8,69,998 | ₹ 1,30,500 |
| Mahindra XUV300 1.5 W6 | ₹ 9,69,999 | ₹ 1,45,500 |
| Mahindra XUV300 1.2 W8 | ₹ 9,89,999 | ₹ 1,48,500 |
| Mahindra XUV300 1.5 W8 | ₹ 10,74,999 | ₹ 1,61,250 |
| Mahindra XUV300 1.5 W8 (O) | ₹ 11,74,999 | ₹ 1,76,250 |
| Mahindra XUV300 1.5 W8 (O) AMT | ₹ 12,30,000 | ₹ 1,84,500 |
| Mahindra XUV300 1.2 W8 (O) AMT | ₹ 11,77,000 | ₹ 1,76,550 |
| Mahindra XUV300 1.2 W6 AMT | ₹ 9,94,999 | ₹ 1,49,250 |
| Mahindra XUV300 1.2 W4 | ₹ 7,95,000 | ₹ 1,19,250 |
| Mahindra XUV300 1.2 W6 | ₹ 9,40,000 | ₹ 1,41,000 |
| Mahindra XUV300 1.2 W8(O) Dual Tone | ₹ 11,85,000 | ₹ 1,77,750 |
| Mahindra XUV300 1.2 W8 (O) AMT Dual Tone | ₹ 12,52,000 | ₹ 1,87,800 |
| Mahindra XUV300 1.5 W8(O) Dual Tone | ₹ 12,66,000 | ₹ 1,89,900 |
| Mahindra XUV300 1.5 W8 (O) AMT Dual Tone | ₹ 13,33,000 | ₹ 1,99,950 |
| Mahindra XUV300 W8 Diesel Sunroof | ₹ 12,41,000 | ₹ 1,86,150 |
| Mahindra XUV300 W8 Option Diesel | ₹ 13,23,000 | ₹ 1,98,450 |
| Mahindra XUV300 W6 TurboSport | ₹ 12,15,000 | ₹ 1,82,250 |
| Mahindra XUV300 W8 TurboSport | ₹ 13,64,000 | ₹ 2,04,600 |
| Mahindra XUV300 W8 Dual Tone TurboSport | ₹ 13,81,000 | ₹ 2,07,150 |
| Mahindra XUV300 W8 O Dual Tone TurboSport | ₹ 15,07,000 | ₹ 2,26,050 |
| Mahindra XUV300 W8 O TurboSport | ₹ 14,90,000 | ₹ 2,23,500 |
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.