How much is down payment when buying Maruti Dzire car?
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| Maruti Dzire Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Maruti Dzire LXi | ₹ 5,98,000 | ₹ 89,700 |
| Maruti Dzire VXi | ₹ 7,04,000 | ₹ 1,05,600 |
| Maruti Dzire ZXi | ₹ 7,73,000 | ₹ 1,15,950 |
| Maruti Dzire ZXi Plus | ₹ 8,52,500 | ₹ 1,27,875 |
| Maruti Dzire VXi AGS | ₹ 7,54,000 | ₹ 1,13,100 |
| Maruti Dzire ZXi AGS | ₹ 8,23,000 | ₹ 1,23,450 |
| Maruti Dzire ZXi Plus AGS | ₹ 9,02,500 | ₹ 1,35,375 |
| Maruti Dzire VXI CNG | ₹ 8,23,000 | ₹ 1,23,450 |
| Maruti Dzire ZXI CNG | ₹ 8,91,000 | ₹ 1,33,650 |
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.