alanrchase

Fine. What is your problem with housing?

You don't live in Thailand do you?

Ha, ha. Yes, I live in my substandard Thai built house. You have a problem with your Thai built house?

My house is good enough, but they could open up a machine shop next door, karaoke bar, condo building, refuse collection center,

Called freedom, big thing in the USA but strangely lacking. Apparently Americans education won't stretch to the metric system and you still stick to 110V electricity supply. No offence intended.like most Americans I have met.

Fine. What is your problem with housing?

You don't live in Thailand do you?

Ha, ha. Yes, I live in my substandard Thai built house. You have a problem with your Thai built house?

That is the Benelli/Keeway 302

Yes that is their price.

Of course many here would not touch a China Brand but I knew of one guy

who bought their 600 4cyl & claims it is the deal of the century

You can read more about this 300 on the link I put above the pics

Off toppic I know, but didn't Binelli make a six cylinder 250cc many years ago?

No it was a 750 ( 750 "Sei" )...

Ta, memory fades with age.

I would say if your looking for a cheap lifestyle yes, But to bring up your kid and look after your wife I don't think so mate.

you would find everything in Thailand is substandard just ask your wife she should she should know that ANSWER!!

Is everything in Thailand substandard? Good and bad points about living here, same as most other countries.

Substandard,

Everything to do with housing.

Everything to do with education.

As opposed to USA? No child left behind.

That's just a silly reply,

I don't believe I could find one government school in Thailand, I would want my children to attend.

There are thousands of perfectly decent government schools in the USA.

Fine. What is your problem with housing?

I would say if your looking for a cheap lifestyle yes, But to bring up your kid and look after your wife I don't think so mate.

you would find everything in Thailand is substandard just ask your wife she should she should know that ANSWER!!

Is everything in Thailand substandard? Good and bad points about living here, same as most other countries.

Substandard,

Everything to do with housing.

Everything to do with education.

As opposed to USA? No child left behind.

I would say if your looking for a cheap lifestyle yes, But to bring up your kid and look after your wife I don't think so mate.

you would find everything in Thailand is substandard just ask your wife she should she should know that ANSWER!!

Is everything in Thailand substandard? Good and bad points about living here, same as most other countries.

Anywhere in the world is what you make it. Lived and worked in "dodgy" places, some loved by others some hated. Personally I was a bit indifferent. Knew when holiday time was and looked foreward to it. Miss things? Yes, weekends could be fantastic. Go back? Yes if I had to. Any country exept your own is personal choice, take it as you find it or choose another.

It's great if you come from a country that's wet and cold.

It's great if you want a younger woman, or just want to go whoring.

It would be a disaster if you came here with a wife and children.

Your children would get a bad (yet expensive) education, no chance of a decent university, and have zero chance of making money in their future.

You owe it to your son to live in the UK until he has started university.

Then you can do what you like, and he will be free to choose his own future, knowing you gave him the best start in life you could.

I somewhat disagree with that. You would have him raise a Thai kid who doesn't speak Thai and knows nothing about Thai culture.

I wouldn't do that to my kid. Not everything is about money and jobs .I'm sure many Thai kids do well in the west after doing some schooling here.

Why the expensive education jibe? Paid for my sons uni education and very reasonable. Suppose you think it was c**p uni?

I'm not sure you understood what I was saying. AOA said don't come here at all until the kid is in Uni. I was just saying you could come for a few years when he was younger and he'd learn Thai and Thai culture. If you wait until he's uni age he'll miss that.

I think it's an arguable fine balance between here and there for education.

I've met several kids of mixed country parents who couldn't speak one of the languages at all and it's a shame.

I have no clue how you misconstrued my statement as a slag against sending your children to an expensive university.

I said nothing of the sort.

Point taken. Ta.

For we working in the oil offshore industry the choice were not hard.

I am still here, have a almost 5 year old son now. I think the schools are good enough here, private ones obviously.

Certainly working in the offshore fifo industries the choice would be much much easier.

In your case, I would be doing the same.

Does FIFO mean what I think it does? Started a job once and big boss said that was how it worked.

It's great if you come from a country that's wet and cold.

It's great if you want a younger woman, or just want to go whoring.

It would be a disaster if you came here with a wife and children.

Your children would get a bad (yet expensive) education, no chance of a decent university, and have zero chance of making money in their future.

You owe it to your son to live in the UK until he has started university.

Then you can do what you like, and he will be free to choose his own future, knowing you gave him the best start in life you could.

I somewhat disagree with that. You would have him raise a Thai kid who doesn't speak Thai and knows nothing about Thai culture.

I wouldn't do that to my kid. Not everything is about money and jobs .I'm sure many Thai kids do well in the west after doing some schooling here.

Why the expensive education jibe? Paid for my sons uni education and very reasonable. Suppose you think it was c**p uni?

As a brit, living in England, with a Thai wife and son, we do think about living in Thailand quite a bit. But is life that great for you guys out there? I get mixed messages when I read some of the comments on here. Some of you are really content and happy, whilst others seem to be moaning about just about everything! Is this just the normal mix of views or not? I do wonder why some of you stay there, as theres moans about the government, soi dogs, the price of a meal, the thai people, the weather, taxi's, road accidents, it goes on and on. Some of you just don't seem happy unless you're having a moan! I've been a regular to Thailand for 15 years, and I know there's some real problems over there, but guys, youre living the dream, away from your home country that you weren't happy with. England has issues, everywhere has issues, but there must be good reasons why you stay, and not just the bars and girls!! So tell me, How many of you regret the decision to move out there, and how many of you love it! I'll be interested in adding up the positive replys against the negative ones.

Cheers guys

Where is the greenest grass? Like it or loathe it. Personal choice.

That is the Benelli/Keeway 302

Yes that is their price.

Of course many here would not touch a China Brand but I knew of one guy

who bought their 600 4cyl & claims it is the deal of the century

You can read more about this 300 on the link I put above the pics

Off toppic I know, but didn't Binelli make a six cylinder 250cc many years ago?

just a little snippet, off topic, re: second hand car prices, my friend who has thai lady, lives in uk, has a BMW Z3 M series 3 litre, second hand price £4000 tops, i found one in BKK same year/model/colour for £ 17, 800 "ouch"

Guess I must go get a car in the UK then, because the cheapest BMW Z3 M I could find on the online sites in Belgium was a 1997 at 19.800 Euro, or 15.855 Pound.

Are they really that cheap in the UK, or are you just making up things.

By the way here in Thailand they go at least triple the 17.800 Pound you quote.

I had an immaculate silver metallic top model Honda prelude 7 years old 40k on the clock 2 owners--service history, sold it through a showroom 1,800 pound.

Nissan Micra (March here) similar---3 year second hand 2500 pound--here anywhere sells at 6000 pound. Honda jazz there pick one up for 4500--here same sells at 9500 pound. these are approx., but on the internet ( Go Car company ) will give you UK second hand prices.

Agree on models quoted but if you check Toyota 4×4 prices are similar.

On FB today

That model for 129,000B?

just a little snippet, off topic, re: second hand car prices, my friend who has thai lady, lives in uk, has a BMW Z3 M series 3 litre, second hand price £4000 tops, i found one in BKK same year/model/colour for £ 17, 800 "ouch"

What you actually said is

"What you are missing is if they default the government gets the money back"

I just queried how. You made the statement.

From the OP, "Mr Somchai said his department had asked the Comptroller Department to file lawsuits against 21 buyers to reclaim the excise tax."

My point was if they default the government gets it's money back. What would you have said? If they default the government tries to get it's money back? Nitpicking are we?

nit·pick·ing

ˈnitˌpikiNG/

informal

adjective

noun: nitpicking; noun: nit-picking

1.

looking for small or unimportant errors or faults, especially in order to criticize unnecessarily.

As you can obviously use a dictionary please check out "Default" as it applies to finance and let me know if the 12000 people who have missed payments for several months would be considered to have defaulted on their loans.

OP, "The number of first-time car buyers who have failed to continue paying instalments to leasing companies has increased sharply from 10-20 cases last year to over 500 cases this year.....

there are over 12,000 cases at risk of defaults"

Who should we ask about defaults on loans in Thailand; you or Mr Somchai Poonsawat, director-general of the Thai Excise Department.

Mr Somchai Poonsawat, says there are 500 defaults. Mr Somchai Poonsawat, director-general of Excise Department decides what is and is not a default in Thailand.

Analysis 1st it was 500 people defaulting is bad. (proved wrong) 2nd it was 500 is not the correct number (proved wrong) 3rd The Thai definition of default is wrong. You guys are funny. Predictable but funny.

Thanks for clearing that up. Bye.

What you actually said is

"What you are missing is if they default the government gets the money back"

I just queried how. You made the statement.

From the OP, "Mr Somchai said his department had asked the Comptroller Department to file lawsuits against 21 buyers to reclaim the excise tax."

My point was if they default the government gets it's money back. What would you have said? If they default the government tries to get it's money back? Nitpicking are we?

nit·pick·ing

ˈnitˌpikiNG/

informal

adjective

noun: nitpicking; noun: nit-picking

1.

looking for small or unimportant errors or faults, especially in order to criticize unnecessarily.

As you can obviously use a dictionary please check out "Default" as it applies to finance and let me know if the 12000 people who have missed payments for several months would be considered to have defaulted on their loans.

What you are missing is if they default the government gets the money back. So it is in the interest of the government to have you default. You default they get the incentive money back. What is the government incentive to understate the number? They have every reason to overstate it.

If they have been paid the 100,000B and they can no longer afford the monthly payments how are they going to be able to afford to give the 100,000B back to the government?

Sell property. Go to work in Pattaya. Stop drinking. Ask the Farang on the INTERNET. What difference does it make? It's after the fact of the discussion taking place here which is First Car Deals Default.

Sorry mate, but you mentioned it. Did not realise questioning anything you put in your replies was out of order, please forgive my ignorance.

No I didn't. You wrote, "If they have been paid the 100,000B and they can no longer afford the monthly payments how are they going to be able to afford to give the 100,000B back to the government"

I said, in this instance, it is in the government's interest to inflate the number not deflate the number. Since it is such a small number I think it is safe to assume it is real. Why would I care or how would I know how people are going to pay off a legal bill to the government? I have no idea how. Nor does anyone else. Why discuss it since no one knows the answer and it is off topic anyway?

What you actually said is

"What you are missing is if they default the government gets the money back"

I just queried how. You made the statement.

What you are missing is if they default the government gets the money back. So it is in the interest of the government to have you default. You default they get the incentive money back. What is the government incentive to understate the number? They have every reason to overstate it.

If they have been paid the 100,000B and they can no longer afford the monthly payments how are they going to be able to afford to give the 100,000B back to the government?

Sell property. Go to work in Pattaya. Stop drinking. Ask the Farang on the INTERNET. What difference does it make? It's after the fact of the discussion taking place here which is First Car Deals Default.

Sorry mate, but you mentioned it. Did not realise questioning anything you put in your replies was out of order, please forgive my ignorance.

How could you possibly think your anecdotal evidence trumps hard facts. 500 people defaulted. Not some number you made up based on a few folks you know in Issan. If you want to make the case that you can't trust any numbers from the Thai or other governments OK but it's not accepted by the people who run the world (IMF, World bank, UN and so on). If you know more than all those people surly you could get a job as a top economist making millions a year.

Well to be fair a healthy amount of skepticism when looking at statistics is ok. I'm an economist and look at a lot of data every day, be it GDP growth data, CPI inflation and so on and sometimes it's worth wile to question whether what you see make sense. Let me give you an example. If a country has flat growth on electricity consumption and the government publishes more than 7% GDP growth, you have to be skeptical whether the government published data is accurate. I can give you many more examples.

Now in this case, I'm not saying 500 is wrong, but I am saying I'm skeptical whether this number is accurate on the basis that

a) say if 50% of the 1,000,000 (first time buyer scheme) took out a loan, the 500 defaults ytd would be 0.05% ytd and maybe about 0.1% on annualised.

looking at car auctions just in my province, the amount of reposessed cars being auctioned are a lot higher, just for 1 province. As I said, Chiang Mai alone is about 500 per month/6000 vehicles per year. Now this includes second hand and obviously cars not from this scheme.

Maybe I'm not reading this article correctly or I'm missing something else.

What you are missing is if they default the government gets the money back. So it is in the interest of the government to have you default. You default they get the incentive money back. What is the government incentive to understate the number? They have every reason to overstate it.

If they have been paid the 100,000B and they can no longer afford the monthly payments how are they going to be able to afford to give the 100,000B back to the government?

So that means all the populist policies have failed,but some people

made a lot of money out of them, so thats OK?.

regards Worgeordie

You're wrong.

They sold 1,060,000 cars and only 500 people have defaulted? That's like .04% failure rate. It's numerically insignificant. Even if the other 12,000 at risk default the numbers are miniscule and not even close to half a percent.

The figure of 1,060,000 is only of use in your equation if they were all purchaced with loans. As previously stated people also paid cash.

To get the "facts" you need to know how many were bought with loans.

Concerning the number of defaults my reading of the OP is that there are 12,500 defaults so far, 500 of which are confirmed as never going to pay another payment.

Lie. The OP, "He added that there are over 12,000 cases at risk of defaults"

12000 have not made a payment in several months. That is a default is it not?

This can't really be a surprise to the most basically educated person. Not unlike the progressive failed Cash for Clunkers USA program, policies such as this have negative predictable consequences. Put a "Chicken in Every Pot" and manage the fallout by obfuscating later. These policies artificially make a jump indicator in the markets while broadly depressing it later. How foolish.

If 500 out of 1 million defaulted how is 0.00% default rate a failure?

This question can't be answered? It's a false question.

Please, in a snapshot, if/why do you feel the auto program was useful (either socially or economically)?

Thank you.

Is the OP about the relative values of the auto program? No. I'm sure you can start another thread about or contribute to the thousands of posts that have already been written about that subject.

This thread is about defaults of 500 people out of a million and a quarter of people in the program. I think that fact stands alone in declaring the program payment so far a success.

Is the program good or bad? It has been discussed ad infinitum here and I'll not go off topic and discuss it some more.

Concerning the number of defaults my reading of the OP is that there are 12,500 defaults so far, 500 of which are confirmed as never going to pay another payment.

Fake or not, the abstract question is real ... what to do IF the money REALLY runs out and nowhere to turn any more.

History, and human nature show, it doesn't matter how much money you start with, all that matters is your personal spending habits, generosity and/or gullibility.

As Jingthing states, the question is real.

What would you do if you found yourself in a foreign country with no help. The OP provides he is out of funds, cannot meet the visa criteria to remain, has contacted family and will not receive support or help from them, and has contacted his Embassy.

What would you do in his shoes?

When you get your money down to the price of a one way ticket back to your country you leave. Simple.

Predicted this when first announced. See many young people park their cars from work, take a quick look back whilst holding their 40THB plastic bag dinner as they enter their 3K THB/month room to stay until morning only to repeat drive to a job that pays 12-15KTHB. Trip to Ma's every other month if they have petrol money.

Looks way too much like the west and I feel for them because they've been caught up in the consumer the concept of a great opportunity soon fades with the reality they can't afford something that bites 30-40% off their income each month.

Sad

You could be describing my son. Only he parks "my" car outside his 3000B/M room.