What is the down payment required for a Maruti WagonR?
By: Manjeet on 30 july 2016
The down payment nowadays can be kept at zero as well depending on whether your request for 100% loan gets approved from the bank or not. First finalise the variant of the Wagon R and then talk to your nearest dealer for any special discounts or schemes. After that once you know the on-road price he will guide you forward and make you get in touch with the bank and also help you choose what percentage of the on road price you want to pay as the down payment and how much loan do you need. Mostly banks prefer to give 90% of the amount as loan while you have to pay 10% of the total amount as the down payment. Also, you can also decide the down payment amount depending on how much amount you need the EMI to be for and also the duration you want to pay the EMI for. Basis that you can decide the EMI amount and the loan amount. You can talk to your dealer regarding this matter and he would offer you more than one way regarding this matter.
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