How much is down payment when buying Maruti Vitara Brezza car?
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| Maruti Vitara Brezza Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Maruti Vitara Brezza LXi | ₹ 7,51,500 | ₹ 1,12,725 |
| Maruti Vitara Brezza VXi | ₹ 8,57,500 | ₹ 1,28,625 |
| Maruti Vitara Brezza ZXi | ₹ 9,32,500 | ₹ 1,39,875 |
| Maruti Vitara Brezza ZXi Plus | ₹ 9,85,500 | ₹ 1,47,825 |
| Maruti Vitara Brezza VXi AGS SHVS | ₹ 9,75,000 | ₹ 1,46,250 |
| Maruti Vitara Brezza ZXI Plus Dual Tone | ₹ 9,98,000 | ₹ 1,49,700 |
| Maruti Vitara Brezza ZXi AGS SHVS | ₹ 10,62,500 | ₹ 1,59,375 |
| Maruti Vitara Brezza ZXi Plus AGS SHVS | ₹ 11,25,500 | ₹ 1,68,825 |
| Maruti Vitara Brezza ZXi AT SHVS | ₹ 10,88,000 | ₹ 1,63,200 |
| Maruti Vitara Brezza VXi AT SHVS | ₹ 10,11,000 | ₹ 1,51,650 |
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.