How much is down payment when buying Tata Safari car?
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| Tata Safari Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Tata Safari XE | ₹ 14,70,000 | ₹ 2,20,500 |
| Tata Safari XM | ₹ 16,01,000 | ₹ 2,40,150 |
| Tata Safari XMA | ₹ 17,26,000 | ₹ 2,58,900 |
| Tata Safari XT | ₹ 17,46,000 | ₹ 2,61,900 |
| Tata Safari XT Plus | ₹ 18,26,000 | ₹ 2,73,900 |
| Tata Safari XZ | ₹ 19,16,000 | ₹ 2,87,400 |
| Tata Safari XZ Plus | ₹ 19,98,999 | ₹ 2,99,850 |
| Tata Safari XZ Plus Adventure | ₹ 20,21,000 | ₹ 3,03,150 |
| Tata Safari XZA | ₹ 20,41,000 | ₹ 3,06,150 |
| Tata Safari XZA Plus | ₹ 21,26,000 | ₹ 3,18,900 |
| Tata Safari XZA Plus Adventure | ₹ 21,46,000 | ₹ 3,21,900 |
| Tata Safari XTA Plus | ₹ 20,09,000 | ₹ 3,01,350 |
| Tata Safari XZ Plus 6 STR | ₹ 20,38,000 | ₹ 3,05,700 |
| Tata Safari XZA Plus 6S | ₹ 21,66,000 | ₹ 3,24,900 |
| Tata Safari XZA Plus 6S Adventure | ₹ 21,87,000 | ₹ 3,28,050 |
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.