poanoi Posted June 21, 2018 Share Posted June 21, 2018 i wonder if loans follows the bike rather than the person who borrowed in the first instance ? so for example, if i buy a bike, and the person i buy from is still paying monthly to a company for that bike, do i inherit his debt on the bike ? Link to comment Share on other sites More sharing options...
johng Posted June 21, 2018 Share Posted June 21, 2018 so for example, if i buy a bike, and the person i buy from is still paying monthly to a company for that bike, do i inherit his debt on the bike ?Yes....but normally the finance company wants the dept paid off before they release the green book Link to comment Share on other sites More sharing options...
poanoi Posted June 21, 2018 Author Share Posted June 21, 2018 3 minutes ago, johng said: Yes....but normally the finance company wants the dept paid off before they release the green book do they keep the book without fail until debt is paid ? or is there any way to know if debt is paid ? come to think of it: the bike i contemplate is 2 years old, can i safely assume its paid off already ? or are the payoff schedule significantly longer than that ? Link to comment Share on other sites More sharing options...
BEVUP Posted June 21, 2018 Share Posted June 21, 2018 Depends what you want to do If your willing to pay cash (out right ), you negotiate a price / get the owner to check loan balance & deduct that from negotiated price. This will be done at the Loaners office so you can receive the papers from both parties OR If the Finance company is willing to allow you to take over payments (mind you this will involve more paper work ), just do as above After 2 yrs I wouldn't think there would be to much left I we're talking small Mope Head Link to comment Share on other sites More sharing options...
poanoi Posted June 21, 2018 Author Share Posted June 21, 2018 14 minutes ago, BEVUP said: Depends what you want to do If your willing to pay cash (out right ), you negotiate a price / get the owner to check loan balance & deduct that from negotiated price. This will be done at the Loaners office so you can receive the papers from both parties OR If the Finance company is willing to allow you to take over payments (mind you this will involve more paper work ), just do as above After 2 yrs I wouldn't think there would be to much left I we're talking small Mope Head it becomes easier if the previous owner tells me whats up, but what if he just dont mention there being a debt on the bike ? from what i can gather, 100k baht should have been paid off these 2 years for debt to be zero if it was financed by loans altogether, so 50k per year / 4k per month Link to comment Share on other sites More sharing options...
BEVUP Posted June 21, 2018 Share Posted June 21, 2018 9 minutes ago, poanoi said: but what if he just dont mention there being a debt on the bike ? The Financier will be holding the Green Book & will not hand it over till paid Link to comment Share on other sites More sharing options...
poanoi Posted June 21, 2018 Author Share Posted June 21, 2018 2 minutes ago, BEVUP said: The Financier will be holding the Green Book & will not hand it over till paid if that is guaranteed, then i have no issue proceed Link to comment Share on other sites More sharing options...
BEVUP Posted June 21, 2018 Share Posted June 21, 2018 18 minutes ago, poanoi said: if that is guaranteed, then i have no issue proceed I should expand on that Either Financier will allow you to take over payments & keep book till paid OR They may require the Loan to be paid in full before handing over book Person in possession of Motor bike needs to check with his Finance Company Link to comment Share on other sites More sharing options...
poanoi Posted June 21, 2018 Author Share Posted June 21, 2018 1 hour ago, BEVUP said: Person in possession of Motor bike needs to check with his Finance Company i think you are missing my point: i dont feel comfortable trusting a complete stranger telling me the truth, the whole truth, and nothing but the truth. or put another way: what guarantee do i have that he doesnt just sell the bike, take the money, and run for his life all the while i stand there with my bike, the book, and the old debt ? Link to comment Share on other sites More sharing options...
BEVUP Posted June 21, 2018 Share Posted June 21, 2018 2 hours ago, BEVUP said: Either Financier will allow you to take over payments & keep book till paid OR They may require the Loan to be paid in full before handing over book This bit is your safe guard I/wife sold a car that had a loan against it to a dealer Price was agreed on - So lets's say he gave us (or bike owner )a percentage (at our home ) / we told him of the final payout figure (which he would of checked ) - Then all he (or bike buyer ) had to do was go to the Financier & pay to receive the Book - Maybe up to you if you want to try & refinance with them Link to comment Share on other sites More sharing options...
eisfeld Posted June 21, 2018 Share Posted June 21, 2018 1 hour ago, poanoi said: all the while i stand there with my bike, the book, and the old debt ? You wont get the book if there is still debt. The financing party should hold the book, not the guy with the bike. And if you don't get a book, don't pay. As long as you follow the simple rule that you only pay at the DLT when the book gets transfered into your name, there's not that much that can go wrong. Apart from problems with the bike itself of course. Link to comment Share on other sites More sharing options...
poanoi Posted June 21, 2018 Author Share Posted June 21, 2018 3 minutes ago, eisfeld said: You wont get the book if there is still debt. The financing party should hold the book, not the guy with the bike. And if you don't get a book, don't pay. As long as you follow the simple rule that you only pay at the DLT when the book gets transfered into your name, there's not that much that can go wrong. Apart from problems with the bike itself of course. that is actually precisely my plan to the last letter Link to comment Share on other sites More sharing options...
Juan B Tong Posted June 22, 2018 Share Posted June 22, 2018 Hey, just keep it simple. Go to an established dealership. Buy a used bike from them. Link to comment Share on other sites More sharing options...
kingstonkid Posted June 22, 2018 Share Posted June 22, 2018 Remember the old adage if it is too good to be true it probably is. Link to comment Share on other sites More sharing options...
cnx355 Posted June 22, 2018 Share Posted June 22, 2018 20 hours ago, BEVUP said: I should expand on that Either Financier will allow you to take over payments & keep book till paid OR They may require the Loan to be paid in full before handing over book Person in possession of Motor bike needs to check with his Finance Company And normally the name of the finance company is in the first page of the book in case of new vehicle. Check who is the first owner in the book ! Link to comment Share on other sites More sharing options...
UnkleGoooose Posted June 22, 2018 Share Posted June 22, 2018 As there are thousands of used bikes for sale, why don't you just buy one that definitely doesn't have finance outstanding. Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 22, 2018 Share Posted June 22, 2018 3 hours ago, UnkleGoooose said: As there are thousands of used bikes for sale, why don't you just buy one that definitely doesn't have finance outstanding. How would you know "definitely"? Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 22, 2018 Share Posted June 22, 2018 I don't want to scare anybody and this is just a guess. But keeping in mind that Thais are world champions in fake goods (including ID cards, etc.) I wouldn't be surprised if there are also fake green books for sale... Link to comment Share on other sites More sharing options...
Tacuisse Posted June 22, 2018 Share Posted June 22, 2018 48 minutes ago, OneMoreFarang said: How would you know "definitely"? If the OP buys from a farang, the Green Book will be in order, and it's very unlikely any debt would be outstanding. We just don't have the manipulation skills here. Link to comment Share on other sites More sharing options...
Beats56 Posted June 22, 2018 Share Posted June 22, 2018 Why don't just buy a new bike and pay cash. Their not that expensive. These dealers make money on financing. They really don't want you to pay the whole bike off. I know my wife's brothers are still paying on bikes they have had for years. Link to comment Share on other sites More sharing options...
poanoi Posted June 22, 2018 Author Share Posted June 22, 2018 with no other difference, would a forza 300 be worth twice that of a 150 pcx ? my thoughts are pcx is probably even smaller than forza, but on the bright side i dont have to bring over more money at this rate. in both cases they are water cooled altho i long ago vowed to never buy watercooled, seeing how many friends and acquaintances that went through so much aggravation and money only to eventually succumb to the deformed engines and sell them onto next victim Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 22, 2018 Share Posted June 22, 2018 1 hour ago, poanoi said: with no other difference, would a forza 300 be worth twice that of a 150 pcx ? my thoughts are pcx is probably even smaller than forza, but on the bright side i dont have to bring over more money at this rate. in both cases they are water cooled altho i long ago vowed to never buy watercooled, seeing how many friends and acquaintances that went through so much aggravation and money only to eventually succumb to the deformed engines and sell them onto next victim Can someone please explain to me the attraction of those bikes. They are huge! I see all the time people with these "motorcycles" stopping in the traffic just like cars because they are too big to be driven between the cars. That might be alright somewhere with a lot of space on the streets. But at least in Bangkok I think they are almost useless because they are too big to get anywhere fast. Link to comment Share on other sites More sharing options...
poanoi Posted June 22, 2018 Author Share Posted June 22, 2018 2 hours ago, OneMoreFarang said: Can someone please explain to me the attraction of those bikes. They are huge! I see all the time people with these "motorcycles" stopping in the traffic just like cars because they are too big to be driven between the cars. That might be alright somewhere with a lot of space on the streets. But at least in Bangkok I think they are almost useless because they are too big to get anywhere fast. honestly i dont see the attraction in them either, but its the only two bikes i have learned the prices on. i wouldnt mind if i came across an old air cooled bike cheap as chips i can use to ride around looking for a good chopper. on being stuck in traffic vs sliding through, i think sliding through is coming to an end with the cameras Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 22, 2018 Share Posted June 22, 2018 57 minutes ago, poanoi said: honestly i dont see the attraction in them either, but its the only two bikes i have learned the prices on. i wouldnt mind if i came across an old air cooled bike cheap as chips i can use to ride around looking for a good chopper. on being stuck in traffic vs sliding through, i think sliding through is coming to an end with the cameras I have a Suzuki Raider 150. That is the perfect bike to get through traffic. The "new" model is available since about 4 or 5 years and I guess you should get one for a reasonable price. No water cooler but and oil cooler. I use that bike since years in heavy traffic in Bangkok and never had a problem. All my previous water cooled bikes didn't like the heat - at least in extreme stop and go traffic on Friday afternoon. There is also a very new version of that bike out since maybe a year. I guess that brings the prices down of the previous model. The picture is of the 2014 model Link to comment Share on other sites More sharing options...
johng Posted June 22, 2018 Share Posted June 22, 2018 I have a Suzuki Raider 150. That is the perfect bike to get through traffic. There is also a very new version of that bike out since maybe a year. I guess that brings the prices down of the previous model. The picture is of the 2014 model The newest Raider is water cooled !There are loads of air cooled small CC bikes around for example Honda Wave,Honda MSX,Yamaha spark,Kawasaki KSR,Suzuki GD 110 Link to comment Share on other sites More sharing options...
OneMoreFarang Posted June 23, 2018 Share Posted June 23, 2018 22 minutes ago, johng said: The newest Raider is water cooled ! There are loads of air cooled small CC bikes around for example Honda Wave,Honda MSX,Yamaha spark,Kawasaki KSR,Suzuki GD 110 In case you didn't notice it: I recommended not the newest Raider. I recommended the 2014 model which is also shown in the picture. And that has no water cooler. The Raider has 150cc, two disk break, a clutch, 6 gears, just like a real bike. Link to comment Share on other sites More sharing options...
johng Posted June 23, 2018 Share Posted June 23, 2018 The Raider has 150cc, two disk break, a clutch, 6 gears, just like a real bike.Yes I know...mines a first series 14 years old still going strong. Link to comment Share on other sites More sharing options...
Jingjock Posted June 23, 2018 Share Posted June 23, 2018 On 6/21/2018 at 12:15 PM, poanoi said: do they keep the book without fail until debt is paid ? or is there any way to know if debt is paid ? come to think of it: the bike i contemplate is 2 years old, can i safely assume its paid off already ? or are the payoff schedule significantly longer than that ? Ask to see the green book, if no green book, money still owing Link to comment Share on other sites More sharing options...
canthai55 Posted June 23, 2018 Share Posted June 23, 2018 To be 100% sure, the last name in the Green book must match the name of the person who is selling the bike. Check his ID card against the book. If both are a match, he is the lawful owner of the bike Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.