A Study on Car Finance Provided by Commercial Banks – A Comparative Attitude of Dealers and Bankers

Abstract

Owning a car is made simple by the fabulous offers of various banks and car finance companies in India. Now-a-days getting an automobile loan is quite easy. Organized and institutional auto mobile finance has come of age and companies aggressively market auto mobile loan schemes by innovative and tempting offers to prospective customers. Most of the lending institutions finance up to 90 per cent of the cost of the car depending on the model of the car and the repayment period.