How much is down payment when buying Tata Harrier car?
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| Tata Harrier Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Tata Harrier XZ | ₹ 17,80,500 | ₹ 2,67,075 |
| Tata Harrier XE | ₹ 13,99,500 | ₹ 2,09,925 |
| Tata Harrier XM | ₹ 15,25,500 | ₹ 2,28,825 |
| Tata Harrier XT | ₹ 16,50,500 | ₹ 2,47,575 |
| Tata Harrier XZ Dual Tone | ₹ 17,99,500 | ₹ 2,69,925 |
| Tata Harrier XMA | ₹ 16,50,500 | ₹ 2,47,575 |
| Tata Harrier XZ Plus | ₹ 19,05,500 | ₹ 2,85,825 |
| Tata Harrier XZA | ₹ 19,05,500 | ₹ 2,85,825 |
| Tata Harrier XZ Plus Dual Tone | ₹ 19,24,500 | ₹ 2,88,675 |
| Tata Harrier XZA Dual Tone | ₹ 19,24,500 | ₹ 2,88,675 |
| Tata Harrier XZA Plus | ₹ 20,25,500 | ₹ 3,03,825 |
| Tata Harrier XZA Plus Dual Tone | ₹ 20,45,500 | ₹ 3,06,825 |
| Tata Harrier XT Camo | ₹ 16,71,000 | ₹ 2,50,650 |
| Tata Harrier XT Plus | ₹ 17,31,000 | ₹ 2,59,650 |
| Tata Harrier XT Plus Camo | ₹ 17,51,000 | ₹ 2,62,650 |
| Tata Harrier XT Plus Dark Edition | ₹ 17,51,000 | ₹ 2,62,650 |
| Tata Harrier XZ Camo | ₹ 18,00,000 | ₹ 2,70,000 |
| Tata Harrier XZ Plus Camo | ₹ 19,25,000 | ₹ 2,88,750 |
| Tata Harrier XZA Camo | ₹ 19,25,000 | ₹ 2,88,750 |
| Tata Harrier XZA Plus Camo | ₹ 20,46,000 | ₹ 3,06,900 |
| Tata Harrier 2021 XT Plus Dark Editon | ₹ 18,04,000 | ₹ 2,70,600 |
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.