How much is down payment when buying Toyota Innova Crysta car?
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| Toyota Innova Crysta Variants | Exshowroom Price | Down Payment |
|---|---|---|
| Toyota Innova Crysta 2.4 G 7 STR | ₹ 16,64,000 | ₹ 2,49,600 |
| Toyota Innova Crysta 2.4 G 8 STR | ₹ 16,69,000 | ₹ 2,50,350 |
| Toyota Innova Crysta 2.4 GX 7 STR | ₹ 18,07,000 | ₹ 2,71,050 |
| Toyota Innova Crysta 2.4 GX 8 STR | ₹ 18,12,000 | ₹ 2,71,800 |
| Toyota Innova Crysta 2.4 VX 7 STR | ₹ 21,59,000 | ₹ 3,23,850 |
| Toyota Innova Crysta 2.4 VX 8 STR | ₹ 21,64,000 | ₹ 3,24,600 |
| Toyota Innova Crysta 2.4 ZX 7 STR | ₹ 23,13,000 | ₹ 3,46,950 |
| Toyota Innova Crysta 2.7 GX 7 STR | ₹ 16,26,000 | ₹ 2,43,900 |
| Toyota Innova Crysta 2.7 VX 7 STR | ₹ 19,70,000 | ₹ 2,95,500 |
| Toyota Innova Crysta 2.7 GX 8 STR | ₹ 16,31,000 | ₹ 2,44,650 |
| Toyota Innova Crysta 2.7 GX AT 7 STR | ₹ 17,62,000 | ₹ 2,64,300 |
| Toyota Innova Crysta 2.7 GX AT 8 STR | ₹ 17,67,000 | ₹ 2,65,050 |
| Toyota Innova Crysta 2.4 G Plus 7 STR | ₹ 17,95,000 | ₹ 2,69,250 |
| Toyota Innova Crysta 2.4 G Plus 8 STR | ₹ 18,00,000 | ₹ 2,70,000 |
| Toyota Innova Crysta 2.4 ZX AT 7 STR | ₹ 24,34,000 | ₹ 3,65,100 |
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.