Car finance for Retirement Visa Aussie Expat

[Rockjockey]

Hi everybody

I recently arrived in Central Thailand on a one year renewable Retirement Visa.

 

I will likely convert this to a Marriage Visa before the one year expiration.

 

My intentions are to remain in Thailand with my wife to be long term.

 

Im seeking info from anyone who has successfully financed a car with a 30 percent down payment or similar. Preference is new 2017 Toyota Yaris or equivalent. Will look at used if no older than 2014.

 

Most info Ive seen seems to mandate a work permit.

Well Im retired on a very good military pension (actually two) and can easily cover a monthly re payment. I can prove my income too.

 

So can I impose on those of you with experience getting finance to take a moment to bring me up to speed please?

And if possible any recomendations as to who you did it through.

My wife to be, is a retited teacher with good english so acts as my translator/interpreter with local people.

Thank you for reading.

[Kwasaki]

Get the car on finance in your wife name when your married officially.

[ThaiBob]

I have a retirement extension and got a car loan with a Thai guarantor. 

[jay1980]

This company in Pattaya offer car finance directly without the need for any credit checks

 

http://www.bp-rentals.net/car-for-sale/

[BEVUP]

Don't worry to much 

But the usual deposit for car in your name is 50 % & just tell them the purchase wont happen if not in your name & also get a Thai Drivers Lisc

They can do anything here as they did for me & i'm not here full time & i was even sitting down with the Toyota finance man & the rep 

[Sophon]

8 hours ago, jay1980 said:

This company in Pattaya offer car finance directly without the need for any credit checks

 

http://www.bp-rentals.net/car-for-sale/

They also charge interest rates of around 22% p.a.

 

Sophon

[hkt83100]

With interest rates like that I'd rather ride a motorbike for a few years and save money until I can buy cash. I would get a newer and probably improved model, too.

[jay1980]

2 hours ago, hkt83100 said:

With interest rates like that I'd rather ride a motorbike for a few years and save money until I can buy cash. I would get a newer and probably improved model, too.

I don't disagree, paid cash for my car, bike and condo in LOS, as well as all car purchases in my home country, I hate buying anything on credit. Just thought it might be of interest to the OP as a easy way to get on the road without having to depend on others.

[BEVUP]

On 9/16/2017 at 10:09 AM, Kwasaki said:

Get the car on finance in your wife name when your married officially.

Yes easy to do with 50 % deposite & you as Guarantor (my wife was Guarantor for me who is a house wife ) - As Toyota mentioned to me (but I said no or no sale)

I just got a top range Sienta in my name through Toyota Finance of 50 % of value on a Non O Mariage Multi entry (as I'm still working abroad ) & they deduct the payments from my Thai bank 

I also consider their interest rate a bit steep at 2.5 % considering what other makes are offering

[Kwasaki]

2 hours ago, BEVUP said:

Yes easy to do with 50 % deposite & you as Guarantor (my wife was Guarantor for me who is a house wife ) - As Toyota mentioned to me (but I said no or no sale)

I just got a top range Sienta in my name through Toyota Finance of 50 % of value on a Non O Mariage Multi entry (as I'm still working abroad ) & they deduct the payments from my Thai bank 

I also consider their interest rate a bit steep at 2.5 % considering what other makes are offering

Car/truck purchases on finance depend on many different situations,  income, age & deposit.

 

My wife is over 50 so had to pay a life insurance payment included in the repayment, they took into account some % of my pension not all because l'm 70.

 

I didn't think % repayment cost was high on a new car it's a great deal more on s/h vehicles.

IMO best to buy s/h cash privately. 

[Rockjockey]

To everyone that posted a comment...thank you.

Have a brand new Toyota 30% down over 48 months. Future wife and her Son on the paperwork. Happy camper.

Appreciate everyone's comments.

Thanks again.

[madmax2]

Just put it in your wife's name, easier to get finance, its just a vehicle after all which will end up  being worth nothing, its not the same as a  property purchase