How much is down payment when buying Tata Nexon car?
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| Tata Nexon Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Tata Nexon XE Petrol | ₹ 7,09,900 | ₹ 1,06,485 |
| Tata Nexon XE Diesel | ₹ 8,45,500 | ₹ 1,26,825 |
| Tata Nexon XM Petrol | ₹ 7,99,500 | ₹ 1,19,925 |
| Tata Nexon XM Diesel | ₹ 9,32,500 | ₹ 1,39,875 |
| Tata Nexon XZ+ Diesel | ₹ 11,12,500 | ₹ 1,66,875 |
| Tata Nexon XZ+ Diesel Dual Tone | ₹ 11,29,500 | ₹ 1,69,425 |
| Tata Nexon XMA Petrol | ₹ 8,59,500 | ₹ 1,28,925 |
| Tata Nexon XZ Diesel | ₹ 10,32,500 | ₹ 1,54,875 |
| Tata Nexon XZ | ₹ 8,99,500 | ₹ 1,34,925 |
| Tata Nexon XZA Plus (O) Dual Tone | ₹ 11,46,500 | ₹ 1,71,975 |
| Tata Nexon XZ Plus (O) Diesel | ₹ 12,02,500 | ₹ 1,80,375 |
| Tata Nexon XZA Plus (O) Diesel | ₹ 12,62,500 | ₹ 1,89,375 |
| Tata Nexon XM (S) | ₹ 8,52,000 | ₹ 1,27,800 |
| Tata Nexon XM (S) Diesel | ₹ 9,85,000 | ₹ 1,47,750 |
| Tata Nexon XMA (S) | ₹ 9,12,000 | ₹ 1,36,800 |
| Tata Nexon XMA (S) Diesel | ₹ 10,45,000 | ₹ 1,56,750 |
| Tata Nexon XZ Plus | ₹ 9,80,000 | ₹ 1,47,000 |
| Tata Nexon XZ Plus (S) | ₹ 10,40,000 | ₹ 1,56,000 |
| Tata Nexon XZ Plus Diesel (S) | ₹ 11,73,000 | ₹ 1,75,950 |
| Tata Nexon XZ Plus Diesel Dual Tone (S) | ₹ 11,90,000 | ₹ 1,78,500 |
| Tata Nexon XZ Plus Dual Tone (S) | ₹ 10,57,000 | ₹ 1,58,550 |
| Tata Nexon XZA Plus (S) | ₹ 11,00,000 | ₹ 1,65,000 |
| Tata Nexon XZA Plus Diesel (S) | ₹ 12,33,000 | ₹ 1,84,950 |
| Tata Nexon XZA Plus Diesel Dual Tone (S) | ₹ 12,50,000 | ₹ 1,87,500 |
| Tata Nexon XZA Plus Dual Tone (S) | ₹ 11,17,000 | ₹ 1,67,550 |
| Tata Nexon XZA Plus | ₹ 10,64,000 | ₹ 1,59,600 |
| Tata Nexon XZA Plus Kaziranga | ₹ 12,65,000 | ₹ 1,89,750 |
| Tata Nexon XZ Plus HS | ₹ 11,05,000 | ₹ 1,65,750 |
| Tata Nexon XZA Plus HS | ₹ 11,70,000 | ₹ 1,75,500 |
| Tata Nexon XZA Plus Dark Edition | ₹ 11,25,000 | ₹ 1,68,750 |
| Tata Nexon XZ Plus O | ₹ 10,60,000 | ₹ 1,59,000 |
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.