How much is down payment when buying Maruti Ciaz car?
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| Maruti Ciaz Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Maruti Ciaz Sigma 1.5 | ₹ 8,72,000 | ₹ 1,30,800 |
| Maruti Ciaz Delta 1.5 | ₹ 9,36,000 | ₹ 1,40,400 |
| Maruti Ciaz Zeta 1.5 | ₹ 11,15,000 | ₹ 1,67,250 |
| Maruti Ciaz Delta 1.5 AT | ₹ 10,56,000 | ₹ 1,58,400 |
| Maruti Ciaz Alpha 1.5 | ₹ 10,51,000 | ₹ 1,57,650 |
| Maruti Ciaz Zeta 1.5 AT | ₹ 9,95,000 | ₹ 1,49,250 |
| Maruti Ciaz Alpha 1.5 AT | ₹ 11,71,000 | ₹ 1,75,650 |
| Maruti Ciaz S 1.5 MT | ₹ 10,22,000 | ₹ 1,53,300 |
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.