How much is down payment when buying Maruti Baleno car?
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| Maruti Baleno Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Maruti Baleno 1.2 Sigma | ₹ 5,99,000 | ₹ 89,850 |
| Maruti Baleno 1.2 Delta | ₹ 8,06,000 | ₹ 1,20,900 |
| Maruti Baleno 1.3 Zeta | ₹ 8,38,000 | ₹ 1,25,700 |
| Maruti Baleno 1.3 Alpha | ₹ 9,45,000 | ₹ 1,41,750 |
| Maruti Baleno 1.2 Zeta | ₹ 7,49,000 | ₹ 1,12,350 |
| Maruti Baleno 1.2 Alpha | ₹ 8,25,000 | ₹ 1,23,750 |
| Maruti Baleno 1.3 Delta | ₹ 7,75,000 | ₹ 1,16,250 |
| Maruti Baleno 1.2 Delta AT | ₹ 6,86,000 | ₹ 1,02,900 |
| Maruti Baleno 1.2 Zeta AT | ₹ 8,69,000 | ₹ 1,30,350 |
| Maruti Baleno Alpha Automatic | ₹ 9,09,000 | ₹ 1,36,350 |
| Maruti Baleno Delta Dualjet | ₹ 7,45,000 | ₹ 1,11,750 |
| Maruti Baleno Zeta Dualjet | ₹ 8,06,000 | ₹ 1,20,900 |
| Maruti Baleno Delta Automatic | ₹ 7,95,000 | ₹ 1,19,250 |
| Maruti Baleno Zeta Automatic | ₹ 8,57,000 | ₹ 1,28,550 |
| Maruti Baleno Alpha AGS | ₹ 9,60,000 | ₹ 1,44,000 |
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.