stevenl

Wind has changed. Rain coming from the east coast.

Yes, since about a week, as mentioned before here.

If in fact the cut-off age for a car loan is 65 then my time line must change for a new car purchase. I must act more quickly and hence the original question about car loan restrictions.

If that is the question you could have avoided some discussions here

Sorry, I can't answer your question, but I'm sure a phonecall to your dealer can help you, they'd be more than willing to sort this out for you with a big carrot in front of their eyes.

I was paying 750 baht a month from my work for 2 years. for insurance. This wasn't covered and that wasn't covered and this I could only go here and that only there and they only covered so much.

Now I pay as I go including when my heart stopped and was in the ER with full work ups and test (and revived to say the least) 2 days in ICU and a single room after that until I was ready to go, and still I paid less this year with all that than when I was insured

I pay all my medical as well as my wife and daughter and dental too and happy to save and pay all on the spot. Saves me !

And that works fine until you run into some real problems (complicated traffic accident requiring multiple surgeries and weeks/months in hospital, complicated treatments for diseases, etc.

Insurance is meant to insure the risk you can not pay for a certain risk, illness, accident, new home, etc., and during time has become more and more 'I have paid 2000 Baht premium this year and did not get anything back, so why do I insure?'.

If you can and are willing to pay for all those things you don't need insurance, but if you can't afford it or are not willing to pay for it, that's where insurance comes in very, very handy.

To some of the sarcastic replies. In America, age is not a factor in a loan decision. My sister age 77, just qualified for a mortgage. The qualification for a loan is the ability to repay. Period. And yes, in America this dealer would be sued up the ying yang. My friend has no problem with meeting any loan income requirements and decided to simply pay cash.

Some my question now is, What is the cut-off age for a car loan? I got one last year at age 64.

I would be very, very surprised if age is not a factor.

If I were to buy a house at age 80, would I get a 30 year mortgage?

Yes. You might be required to have a higher down-payment.

Ah, so age discrimination.

And yes, of course we're going off track, you're asking for it with a thread like this.

I dont think you can buy a vehicle now of any kind that does not come with ABS as a standard feature

Many pickups and also many of the smaller, basic sedans don't have ABS as a standard feature.

To some of the sarcastic replies. In America, age is not a factor in a loan decision. My sister age 77, just qualified for a mortgage. The qualification for a loan is the ability to repay. Period. And yes, in America this dealer would be sued up the ying yang. My friend has no problem with meeting any loan income requirements and decided to simply pay cash.

Some my question now is, What is the cut-off age for a car loan? I got one last year at age 64.

I would be very, very surprised if age is not a factor.

If I were to buy a house at age 80, would I get a 30 year mortgage?

So if I am 80 years old and want to buy a house in the USA the banks will give me a mortgage of 30 years?

Maybe you forgot, could be age, that you posted this here already.

See here.

Oh yea, and as a P.S., I would like to know what part of the Island NamKangMan lives on that gives him such a negative view of the whole island?

That there are degrees of "cess" what a load of <deleted>. Quite obviously the guys glass is half empty.

Patong.

400k key money.

everything is about money , nothing else .... money money money money ...welcome to Thailand !

No, not just Thailand. Hospitals are a business just like any other. The only place where money isn't a factor is the government hospitals in the country you pay tax in, and then only if they have a national health system.

Why wasn't she insured?

The difference is that this and Patong hospital are now charging the same prices as the private hospitals for a service that can only be classed as third world.

No, they are not.

this week we received our reg.docs. the wf.took them along to the tax dept.who are dealing with refunds,filled in the form[easy] and she was told she would recieve refund in 12months time,but is this open to abuse?frst fictitious claims by you know who,also we all know how easy it is to get credit here,so what is stopping people buying a car on tick keeping it for a year,getting the rebate then letting it be repossessed,who's goner chase them for the refund back,then there is keeping the vehicle for 5yrs.what happens when next door goes and buys a new car do they loose face or simply get rid,how would the new owners of the said vehicle know it cant be sold within 5yrs of purchase they wont find out untill they go to register the car then they have to chase for their money back easier said than done.we all know a car on hp.is not yours till the last payment is received,so why dont the gov.pay the refunds direct to the finance comp.this is going to cost the gov.billions that they wont get to set future budgets.

what is stopping people buying a car on tick keeping it for a year,getting the rebate then letting it be repossessed,who's goner chase them for the refund back

The rebate is only paid after the full retail price has been paid. If you haven't paid in full no finance company will put the vehicle in your name, making this a non-starter - the rebate is intended for cash buyers only.

how would the new owners of the said vehicle know it cant be sold within 5yrs of purchase

Because its written in the registration book (blue book), so ownership cannot be transferred until either after the five years is up or the rebate has been re-paid and the "no-sale" condition cancelled (shown in the book and registered by the DLT).

why dont the gov.pay the refunds direct to the finance comp

Because finance companies are not first time buyers, so are not eligible.

1 out of 3 ain't bad

My opinion: new Ranger and Mazda are the best ride, with Isuzu close behind them. Isuzu is probably best on fuel.

Those shophouses in Kata have never been rented. That road that goes down to Rick and Rolls and Red Snapper have been vacant a number of years now.

Ok, now you're talking specific shophouses, I was talking the general principle.

This would not surprise me at all. And yes, from the loaner perspective this makes a lot of sense (just as it would back home).

What country are we talking about BTW, because I don't know any country where a bank is not allowed to reject e.g. house financing because of the age of the prospective buyer.

>>Most guesthouses on Nanai are for lease/rent, and there are many empty right now. Leases with key money are usually a max of 3 years, reason being that if over 3 years then the lease must be registered with the land office and most owners don't want that sort of government intrusion into their finances.

I'm not surprised many are empty as it would be almost impossible to turn a decent profit on 500-1000 baht rooms for only 3 years after paying key money and a hefty monthly rental, salary, electricity, internet etc. Sometimes you have to wonder what people are thinking when they ask for unreasonable rents to someone when they themselves would never accept such one-sided and non profitable terms.

It's all about "the dreamer" going broke early in their lease, the landlord keeping the lease money and key money, and then selling the lease to the next dreamer.

They are still building more accommodation and bars, thus everyone continuing to get an even thinner wedge of the pie, and it just goes on and on.

A prime example is, I went to book a room at The Expat Hotel in Patong for a friend last week. On that Soi, which is basically across from Bangla Road, they are building a two story complex of beer bars. It looks like it will have at least 40 new bars in the complex. So, the drinkers/sex tourist will be shared around even more in the near future and beer bars are already stuggling, so expect more to go broke.

This has been a successful model for the major leaseholders of prime land for bars when a punter comes in and pays key money and signs a 3 year lease, only to leave with his tail between his legs one month after high season finishes. Now for the last few years this business model has carried over to shophouses, but at some point when there are 50 empty shophouses in one area ( think all those empty ones on the corner in kata) you would think the landowner/master lease holder would want to get something back. Decaying empty shophouses really aren't an appreciating asset given the fact that next door new shophouses will be built.

They don't care because over the past few years they have already made plenty of money from those shophouses. If they don't rent in 2-3 years they'll tear them down and start all over again. And since they already own the land they'll have their investment back as soon as 2-3 lease holders have paid their key money.

>>Most guesthouses on Nanai are for lease/rent, and there are many empty right now. Leases with key money are usually a max of 3 years, reason being that if over 3 years then the lease must be registered with the land office and most owners don't want that sort of government intrusion into their finances.

I'm not surprised many are empty as it would be almost impossible to turn a decent profit on 500-1000 baht rooms for only 3 years after paying key money and a hefty monthly rental, salary, electricity, internet etc. Sometimes you have to wonder what people are thinking when they ask for unreasonable rents to someone when they themselves would never accept such one-sided and non profitable terms.

Because somebody will accept it and pay the key money. Then after a year they realise they can't make it, and the place becomes empty again so again key money can be collected.

I know a shophouse in Kata which came up for rent after being constructed a few years back. Went there to check it out, and after some thinking came to the conclusion that within one year they would have recovered all their investment on keymoney and rent. That includes land, building, etc. And quite a few of the shops in that building have turned over a few times already in the y\few years that have passed.

Yes a decent person would know to do the decent and honest thing, my gf has a license she would never drive without one, it would appear your wife has no morels therefore does not give a flying <deleted> for anyone, how does that work for you?

You have just described most Thais.

But I expect your wife is different.

You mean with this

Yes a decent person would know to do the decent and honest thing

It's a daily occurrence. Get used to reading it.. Buggering off is par of the course.

Yes, buggering of is advised in many instances, as you yourself have done here on many occasions.

What are you talking about Eco car has same battery as any other.

What are you talking about, Eco battries are Larger than normal which means more Mining/Contamination. Also will have a big impact on Energy grid, more Pollution. Lithium is one of 6 types of Eco Batteries and as Tibet is one of the Worlds main sources having your Lithium is helping China exploit Tibet, on a side note Lithium is used as a sedative so see if you can get hold of some and have a lie down.

I think you're talking about hybrid cars here, not Eco cars.

<snip>

I am open to correction on this.

I am aware of the 5 Thais, etc etc. Does one have to have the 2 million in the bank or accounting company takes care of that?

This is this way I understand it when I started our company, although I concede time has moved on and may not be the same.

You don't need 2 million in the bank, just capitalise for 2 million, i.e. pay the registration tax for a 2 million company. Although I have been told (??) that even 1 million company is enough for just the one work permit.

If you are married to a Thai then you don't need any Thai workers, although I did get some grief this year (after 10 years of extensions) for having no Thai employees and was forced to hire one Thai on the books (handyman) so not so sure about this these days.

Used to be that if your Thai wife had her own business (not a registered company) then she could apply for your work permit. Again not sure if that is still the case, worth checking out with the labour office.

Yes, she can still do that. But also that way Thai staff is required, I think officially 2 these days. I also started of without any official Thai workers, but had to change that.

Karen and Vocal. I can understand that L L L is critical, but I think this is more so back at home. I do drive over the mountains to eat good food. I live in PT. I do drive to Rawai for tex mex, I dread the drive over Patong hill to eat bbq on a Saturday night and I go to Koh Sireh to eat seafood. None of them are short trips.

I am open to correction on this.

I am aware of the 5 Thais, etc etc. Does one have to have the 2 million in the bank or accounting company takes care of that?

My wife is a great falang food cook. She may be at the front of the restaurant and I will be in the kitchen. I am well aware of leaving the kitchen and all hell breaks lose. But the menu being small, it will be an easy enough job to manage the kitchen.

I have a garden and there is parking available along two very long walls. That is a possibility. The front shops on both Chao Fa roads are like 25k a month. Too much for a start up restaurant.

As you say, you drive. Many people drive, making parking space a very important feature here, especially if not aiming at the tourist market.

thanks cruise for the info ..

and wow so many optimistics on here .... phuket is no different to any other place ... as long as the right person gets a backhander everything goes well ..

same as parties in samui and bangkok we did 1 and most destinations in spain ...

Glad to hear you know Phuket very well.

Good luck.

Now everybody knows that the future organiser of a boatparty in Phuket doesn't have any license or workpermit.

Disaster waiting to happen.

I wouldn't worry too much about that information being available here.

But it is inevitable the wrong (or right, however you want to look at it) will see what he is doing, and will make sure that the enterprise will end. And without proper licenses you're a very, very easy prey.

hi guys

just to clarify i have done these party boats for many many years in the clubbing capital of the world IBIZA

also i done a few in samui to which went really well

im not really sure about this T and T thing or work permits etc .. im sure if you line the right pockets none of this will matter as same as much of thailand

thanks for all the feed back

Here on Phuket it will matter.

Good luck, sounds like you'll need it.