How much is down payment when buying Mercedes Benz B-class car?
Ask your questions through Vicky.in FAQs page. Find out the answers for all questions of Mercedes Benz B-class Cars. Clarify all doubts for all Cars through FAQs page. Ask question not only for Cars but also regarding the website and get all the details.
| Mercedes Benz B-class Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Mercedes Benz B-class B180 | ₹ 21,49,000 | ₹ 3,22,350 |
| Mercedes Benz B-class B180 Sports | ₹ 30,00,000 | ₹ 4,50,000 |
| Mercedes Benz B-class B 180 CDI | ₹ 26,83,000 | ₹ 4,02,450 |
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.