The auto financing industry is increasing leaps and expecteded with the improved demand for motor vehicles among individuals. They are not high-ends; rather requirements of modern-day life. Ratings of auto funding lenders have turned up in the financing market to aid folks hereof. They are huge private sector financial institutions, financial establishments, and specific lenders. The criteria of payday loan authorization differ fro loan provider to lender. In this write-up we will discuss the typical specifications required by all lending institutions. Factors that identify the authorization of automobile financing are down payment, repayment capacity, capacity to pay security and credit history rating. We will discuss them carefully.