Is it possible to get a car loan with Thai guarantor in CM without a work permit?

[lordblackader]

I'm looking to buy a pickup truck in Chiang Mai with a personal loan that will have a Thai guarantor but I don't have a work permit. 

Before everyone goes nuts, I've looked at years worth of posts here, some say you can only get one if you have a work permit, others swear blind that they've gotten one on a retirement visa with provable income coming into a Thai bank. 

 

I have provable income coming into Thailand from an outside source AND my Thai Mrs has a good credit rating and would be fine for being a guarantor on a loan. There's no nice way of saying this - I want it in my name if I'm paying for it just in case she should happen to leave me at some point, although obviously I could get the truck in her name tomorrow with a loan in her name. 

100,000 deposit minimum (can do slightly more), looking to buy a 400-600k truck, diesel, 4 door, new or used, preferably 2014 or later with airbags. 

Has anyone managed to do it before without a work permit? Can you recommend a decent finance company who is happy to deal with farangs or even a car yard who can make it happen? 

 

Thanks

[d4291797]

Bought a new Wildtrack Ranger 3 yrs ago from Ford America CNX.
Just on a retirement visa, Thai wife acted as quarantor, with 10,000 in the bank!
Finance with Tisco, no drama at all.


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[DGS1244]

Legally a foreigner cannot get loan in his/her name, without work permit. Had same problem in Chiang Mai and had to pay full amount in cash in the end. 

[Muzarella]

It is possible, but just take posession of the truck after everything is OK with the finance company. I heard that many times the dealer gave the car to the buyers after just completing the loan  application and paying the down payment, to later come with more requirements.

[Farangdanny]

YES. Tisco. Proof of residence, income, passport and guarantor.

[chuang]

You married your wife but you don't trust her.....funny but sad..

[natway09]

Legally not supposed to be possible but may depend on the financial status of the guarantor 

[kbelyeu]

On 12/20/2017 at 7:43 PM, DGS1244 said:

Legally a foreigner cannot get loan in his/her name, without work permit. Had same problem in Chiang Mai and had to pay full amount in cash in the end. 

Care to provide a source of proof for this statement? 

 

I purchased brand new Hilux off the show room floor on a tourist visa by putting 50% down financed through Kiatnakin bank in Patts with no guarantor.

 

Kurt