by : addi vardhaman

Major banks like ICICI, SBI, HDFC and many others provide very customer-friendly borrowings to help the clients in availing the cars of their dream. All that one is required to do is to apply online in order to see the prominent banks vying with each other to get you as the client.

But before going for a car loan, one has to think about the additional costs involved in the matter. So it would not be out of place to go for some costing suggestions. Apart from the price of the car one must consider the expenses like the license costs, registration fees, taxes, insurance and fuel costs. Under any circumstances these costs must not cross about 20% of the net income.

There is a vast source of car loan rates available online. But one should not go for evaluating the absolute rates. It is suggested that the would-be buyer considers the actual rates after carefully factoring the price of incentives and freebies. Day in and day out, the car scene in India is in a flux. Hardly a day passes when the market does not see the launch of a brand new model.

Moving on to the news front in the Indian car market, Mahindra & Mahindra is planning to take over the Kinetic motors. It shows the company's inclination to move on to the two-wheeler category. The latter has witnessed exponential growth in the recent past. Moving on the news front, Ford India has started making diesel engines at its newly constructed assembly plant in Chennai. It will be used in the Ford-Fiesta production lines.

Popular car maker Honda Siel Car India (HSCI) has come out with its newest generation of car. The company's previous generation car, Honda Accord, was the market number one in its category. But surprisingly the company stopped the production of this popular brand. And now the new version has been launched in the market.

On the other front, three important players in the market-Bajaj Auto, Renault, Nissan-have formally arranged for a small car to be brought into the market by 2011. Under such a scenario the the scope for the will increase immensely, because more and more people are now going for the better brands.