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timberpond

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Posts posted by timberpond

  1. I just causally asked krungthai for the 3 millions baht loan at 2% interest for 24 months promotion to help SMEs. Got down right rejected because my warehouse is rented rather than owned. I asked how about my 40 millions worth of machinery assets? They said no, only allow for land property assets for collateral. I smelled a massive scam trying to buy lands for 3 millions baht. Anyway, many thais borrowed it using houses and business shops as collateral. Advance Congratulations Krungthai! Good marketing speech you have there... thai kung thai!

  2. 3 hours ago, quake said:

    Would you move to Thailand.

     

    Knowing what i know now about Thailand,  no way.

    Don't do it. its just one big disappointment after another. 

     

    I ever responded negativity to a post like that 3 years ago and after 3 years here, I'm starting to agree with this... 

    I'm sorry about my comment to the previous naysayers due to my naive(ness).

    • Like 1
  3. 2 hours ago, Don Mega said:

    Yeah from memory both cars I financed it took about a month to get the books, I asked them though when I decided I would sell them so was able to forewarn any buyers.

     

    But if the business cashed out why did it not payout the vehicles then and there instead of waiting for the buyer to stump up the cash ?

    As explained earlier, the car came back for a few days and customer is driving a standby car. Someone saw it, look at the mileage, test drive a bit and made an offer which is very fair. Since our contract is ending soon and car financing left not much I figured let the customer continue with the standby car for few more months while we sell this car. 

  4. 2 hours ago, FritsSikkink said:

    So after 2.5 years in business you were able to find out that the blue book takes a month, why not ask when you take the loan.

    The first 7-8 cars we paid cash and there after then we started loan. This is the first car that we decided to early settlement since buyer show up with good offer. So you mean you did ask how long to get the blue book in case you settled early in your home country?

  5. We own a small fleet of rental cars and mostly financed by Toyota. After 2.5 years the business finally is cashing out on its investment.

    Today I cleared the first financed car with a balance of 6 installments and learnt that I have to wait 30 days for the blue book.

    Buyer had been setup and now I can't sell it because Toyota thinks it's right to hold on to our property(blue book) for another 30 days.

     

    The car have a monthly installment of 11,941 baht per month and the full settlement is 71,342 after interest rebate of 2.4% p.a. The interest rebate is only 304 baht 555.

    They proudly told me that Toyota does not take early settlement fee but there's a administrative fee of 1,500 baht LMFAO.

     

    Lastly, the staff came to my office to collect paper work to start the process of releasing blue book. Last year we made some adjustment of company shareholder's percentage, and now they are saying that I have to go DBD to get new paperwork(Ngan Se Lap Long) done. We are not applying for new loan for god sake. The car is now fully paid and fully own by us. Can I call the police? Joking...

     

    By the end of this year, I have another 8 cars selling and this is the first LOL. Luckily we had already stop expending our car rental business and ventured into Machinery rental.

    2 years of torture until the last car is back in 2021 August. Anyone's car is under financing and planning to sell, do know that you need the blue book to make transfer to new owner and that will take you 30 days. Good luck to finding a buyer that is willing to wait 30 days. THAILAND 4.0!!!   

  6. Dear all, 

     

    My friend(falang) is holding a work permit with his own company. Lately the cost of doing business in Thailand is ever increasing and he is thinking to close his business and work for my company. Since I engaged his service on a monthly basis and I think why not. He's a machinery electrician (the best so far I could find here).  

     

    My question is, his own work permit expired around 6th March and are we allowed to start applying his new work permit from my company now? Must we wait till his work permit expired before applying? Because the first 2 weeks of March nobody is free to run to labor office.

     

    TIA

  7. 55 minutes ago, William72 said:

    No worries. They do a basic checkup, quite laughable actually. Check you for Elephantitis - really - this disease still exists?? They request your blood type and over past few years they asked for Tertiary Syphilis test which is also a blood test. They don’t check for drug use. You should be ok. 

    I don't know what is Elephantitis and I did a search... dude it's scary!  

  8. 32 minutes ago, ubonjoe said:

    That is the same crossing. The spelling for the actual checkpoint seems to vary. I have seen it spelled Ban Pakad and on the map the coordinates you posted leads to it is spelled Banpuggard. Palin is the name of the Cambodian province you cross to.

    Yes, the driver called it pailin so I assumed that was it. The car parked at the open area carpark just beside the checkpoint and I walked across the border. Visited the first casino and played few hands of sicbo. Cross the road and bought a bottle of Jack Daniel's No.27 Gold (1,800 Baht) and a carton of Dunhill (350 Baht). Walk back the same way and back in the car just under 1 hour. 

     

    Oh yes, I paid 300 baht at cam checkpoint for not staying the night.  

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