A few reasons behind the auto financing being so generous are – growth in auto financing sector (60,200 crore for FY 2011), stable economy with higher disposable incomes, newer car models offered to untapped market segments, reduced ownership period to about 40 months, tough competition checks price of vehicles, better geographical reach of both manufacturers and financers, better availability of credit data in order to facilitate offering loans, changing mind-set of customers towards loans, increased interest in diesel cars and the like.

So, do remember to complete your homework before finalizing on a car loan as one needs to understand a few details. Doing the aforementioned ground-work is an absolute must if one wishes to get the best value for his/her money.