How much is down payment when buying Renault kiger car?
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| Renault kiger Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Renault kiger RXE MT | ₹ 5,50,000 | ₹ 82,500 |
| Renault kiger RXE MT Dual Tone | ₹ 5,84,030 | ₹ 87,605 |
| Renault kiger RXL MT | ₹ 6,13,200 | ₹ 91,980 |
| Renault kiger RXL MT Dual Tone | ₹ 6,61,030 | ₹ 99,155 |
| Renault kiger RXL AMT | ₹ 6,63,200 | ₹ 99,480 |
| Renault kiger RXT MT | ₹ 6,68,200 | ₹ 1,00,230 |
| Renault kiger RXL AMT Dual Tone | ₹ 7,11,030 | ₹ 1,06,655 |
| Renault kiger RXT MT Dual Tone | ₹ 7,09,030 | ₹ 1,06,355 |
| Renault kiger RXT AMT | ₹ 7,18,200 | ₹ 1,07,730 |
| Renault kiger RXT AMT Dual Tone | ₹ 7,59,030 | ₹ 1,13,855 |
| Renault kiger RXZ MT | ₹ 7,28,200 | ₹ 1,09,230 |
| Renault kiger RXT 1.0 Turbo MT | ₹ 7,99,030 | ₹ 1,19,855 |
| Renault kiger RXZ MT Dual Tone | ₹ 7,45,200 | ₹ 1,11,780 |
| Renault kiger RXT 1.0 Turbo MT Dual Tone | ₹ 8,19,030 | ₹ 1,22,855 |
| Renault kiger RXZ AMT | ₹ 7,78,200 | ₹ 1,16,730 |
| Renault kiger RXZ AMT Dual Tone | ₹ 7,95,200 | ₹ 1,19,280 |
| Renault kiger RXZ 1.0 Turbo MT | ₹ 8,88,030 | ₹ 1,33,205 |
| Renault kiger RXT Turbo CVT | ₹ 8,99,030 | ₹ 1,34,855 |
| Renault kiger RXZ 1.0 Turbo MT Dual Tone | ₹ 9,08,030 | ₹ 1,36,205 |
| Renault kiger RXT Turbo CVT Dual Tone | ₹ 9,19,030 | ₹ 1,37,855 |
| Renault kiger RXZ Turbo CVT | ₹ 9,88,030 | ₹ 1,48,205 |
| Renault kiger RXZ Turbo CVT Dual Tone | ₹ 10,08,030 | ₹ 1,51,205 |
| Renault kiger RXT (O) MT | ₹ 7,37,000 | ₹ 1,10,550 |
| Renault kiger RXT (O) MT Dual Tone | ₹ 7,57,000 | ₹ 1,13,550 |
| Renault kiger RXT (O) AMT | ₹ 7,87,000 | ₹ 1,18,050 |
| Renault kiger RXT (O) AMT Dual Tone | ₹ 8,07,000 | ₹ 1,21,050 |
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.