Buying an automobile Bangkok

[Robbie63]

Hello everyone. I have been saving up to buy a new Toyota want to get my 25% down. Went to the dealer and have problem with financing. I am from America been here 12 years now have my Thai girlfriend never married yet but she does not work. They want some kind of statement showing a job. I was thinking if you have the downpayment and can show money in the bank not a big problem. She has an Aeon card and bought enough stuff to get credit for a motorbike purchase. My Question is there some banks that are more liberal than others or am i going to have a big problem with this. I have a pension and social security from America if that helps me. Thank you in advance to all who reply.

 

[tonray]

You will likely have a problem no job no loan (or at least no conventional loan)

[jackdd]

Without a job you won't get a loan

Do you have a health insurance in Thailand?

[smutcakes]

It may be easier if your GF tries to buy the car. Much to my surprise, one day my gf bought a car- with a down payment put down, and a sketchy at best employment record and no job at the time- she managed to get bank finance through the Honda dealership. I don't believe the checks are rigorous on Thais as they may be on foreigners, particularly those here with no Thai income or job.

[Farangdanny]

10 hours ago, jackdd said:

Without a job you won't get a loan

Do you have a health insurance in Thailand?

Try TISCO. Probably the easiest.

[malcoml]

We got our car finance through the yellow bank at the dealership.

 

The car was in wife's name. We initially showed my bank account but the wanted me to transfer a one-off payment of 20,000 baht to wife's account.

 

20% down from memory.

[natway09]

Just pay cash,,, if you do not have any proof of income from within Thailand it will be like jumping through hoops

[puffy]

Krungsri are the easiest to get finance with, but not being married and with no job I think it is very unlikely.

 

[Odin Norway]

1 hour ago, natway09 said:

Just pay cash,,, if you do not have any proof of income from within Thailand it will be like jumping through hoops

You can get finance if you put 25% down on most new cars.If you want it in youre own name,do not bring youre GF into the shop in the first place.Deal with it alone.

[Lacessit]

Buy a low-mileage secondhand Toyota instead. Pay cash to save on the interest charges.

Buying a new car ranks up there with the worst financial decisions anyone makes in their life. Particularly in Thailand where the market is so obviously inflated.

[tweedledee2]

2 hours ago, Farangdanny said:

Try TISCO. Probably the easiest.

"TESCO"   Two years ago the wife and I financed a Ford through Tesco Bank.   My wife signed for the loan and I showed my account balance at the bank.  

[catman20]

13 hours ago, jackdd said:

Without a job you won't get a loan

Do you have a health insurance in Thailand?

i got fiance 1 time in my name with Honda no health insurance not working, retired my g/f at the time did not work either but she had to be a guarantee for me, no problem.

Edited February 9, 2018 by catman20

[joebrown]

I'd try Kiatnakin Bank Finance. Not sure where you live , but I know there's a branch on Pattaya Klang if that will help. Otherwise try a Google search. I recommend them because they specialise in vehicle finance and I was able to get a loan from them when I was 68 yrs old, using pension income as proof of earnings. Good luck.

[Robbie63]

5 hours ago, smutcakes said:

It may be easier if your GF tries to buy the car. Much to my surprise, one day my gf bought a car- with a down payment put down, and a sketchy at best employment record and no job at the time- she managed to get bank finance through the Honda dealership. I don't believe the checks are rigorous on Thais as they may be on foreigners, particularly those here with no Thai income or job.

 

1 hour ago, puffy said:

Krungsri are the easiest to get finance with, but not being married and with no job I think it is very unlikely.

 

 

[Robbie63]

Just now, Robbie63 said:

 

 

Thank you everyone for the help. I think i would just put the car in Girlfriends name. I think that the statement of employment is not really investigated well here in LOS. This is going to be my last car and want an all new car with a warranty i realize the depreciation when you drive off the lot. I want to travel around Thailand and be worry free pretty much. Thanks again for your help.

[Robbie63]

I am really interested in a new Altis actually and the quoted interest rate was 3.4 not to bad really. Will get back to everyone as I try my luck.

[DGS1244]

In your name legally requires work permit?. Otherwise pay cash.

[ToddinChonburi]

Funny how many miss the fact you have no job.    I had to put 50% down to to get financing through Kasikorn.  Still made me finance for 48 months.

[alien365]

42 minutes ago, Robbie63 said:

Thank you everyone for the help. I think i would just put the car in Girlfriends name. I think that the statement of employment is not really investigated well here in LOS. This is going to be my last car and want an all new car with a warranty i realize the depreciation when you drive off the lot. I want to travel around Thailand and be worry free pretty much. Thanks again for your help.

If you put it in the girlfriend's name just make sure you are insured to drive it. I always pay an extra couple of thousand to make sure anyone can drive mine (with permission of course)

[dick turpin]

3 hours ago, tweedledee2 said:

"TESCO"   Two years ago the wife and I financed a Ford through Tesco Bank.   My wife signed for the loan and I showed my account balance at the bank.  

No, he was right first time....its TISCO

[theoldgit]

Post in caps, and responses, removed.


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[Road Warrior]

THINK WHAT ALL SAY no  job no loan 

[Mansell]

My wife was sixty and no job and no money. Car was in her name and because of my age she had to have insurance and they wanted 400,000 baht down on a new Altis......what the heck she ended up with it anyway paying 13,000 baht a month to TISCO. Good luck.

[Farangdanny]

19 hours ago, tweedledee2 said:

"TESCO"   Two years ago the wife and I financed a Ford through Tesco Bank.   My wife signed for the loan and I showed my account balance at the bank.  

I said TISCO not TESCO. Big difference.

[Just Weird]

22 hours ago, Odin Norway said:

You can get finance if you put 25% down on most new cars.If you want it in youre own name,do not bring youre GF into the shop in the first place.Deal with it alone.

You really think that an unemployed foreign pensioner with no job and no ties here except for an unemployed girlfriend is likely to be offered a 75% loan?  Really?

[Just Weird]

22 hours ago, Lacessit said:

Buying a new car ranks up there with the worst financial decisions anyone makes in their life. Particularly in Thailand where the market is so obviously inflated.

That "inflation" is reflected in the higher values of used cars here.

[Just Weird]

22 hours ago, tweedledee2 said:

"TESCO"   Two years ago the wife and I financed a Ford through Tesco Bank.   My wife signed for the loan and I showed my account balance at the bank.  

The OP doesn't have a wife.

[Just Weird]

20 hours ago, alien365 said:

If you put it in the girlfriend's name just make sure you are insured to drive it. I always pay an extra couple of thousand to make sure anyone can drive mine (with permission of course)

In Thailand it is the vehicle that carries the insurance, not the individual.

Edited February 10, 2018 by Just Weird

[JAS21]

20 hours ago, alien365 said:

If you put it in the girlfriend's name just make sure you are insured to drive it. I always pay an extra couple of thousand to make sure anyone can drive mine (with permission of course)

We always make sure that only myself and my wife can drive ... saves me about 5Kthb on the SUV. Also worth noting that if someone else drives and bumps it we have to pay the first few thousand thb ... to me it is a good deal ... and always a reason not to lend

 

I was surprised how much 'rebate' we got. On MrsJ's Civic RS the rebate was not as much but still worth having ....

 

All our cars are with Bangkok Insurance .............

Edited February 10, 2018 by JAS21

[alien365]

1 hour ago, Just Weird said:

In Thailand it is the vehicle that carries the insurance, not the individual.

That's what I thought until I needed to renew my insurance and I could save money by limiting who can drive it. I decided to let anyone drive it though so my friends could drive it back from the airport whenever I go away for a few weeks or more.