Busted! Thai man bought nearly 100 vehicles on HP then pawned them

[webfact]

 

Busted! Thai man bought nearly 100 vehicles on HP then pawned them

 

Thai caption: Con... almost 100 vehicles

 

Crime Suppression Division police announced the arrest of a 23 year old Nakorn Pathom man on a warrant for fraud. 

 

Aphisit came to the attention of police after a complaint from a Facebook user in Nakorn Pathom last year. 

 

The user was selling a motorcycle as he was unable to keep up with the installments. He met Aphisit who agreed to buy the bike and continue with the payments. 

 

Several months later the finance company contacted the original owner to say that he was five months behind. 

 

Aphisit had pawned the bike and spent the money on himself. 

 

He has been charged with similar offences concerning almost 100 vehicles that he pawned for 5,000 baht a time. 

 

Source: Sanook

 

 

-- © Copyright Thai Visa News 2019-08-12

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[Vacuum]

  On 8/12/2019 at 4:10 AM, webfact said:

Aphisit had pawned the bike and spent the money on himself.

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How could he do this without the green book?

[edwinchester]

  On 8/12/2019 at 4:30 AM, Vacuum said:

How could he do this without the green book?

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This is Thailand่, simply got alot less cash than if he'd pawned it with the green book. Dishonest chancers on both sides allow this to happen.

[moe666]

  On 8/12/2019 at 4:30 AM, Vacuum said:

How could he do this without the green book?

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The same way stolen vehicles are sold in the states, UK, Europe or where ever.

[Happy Grumpy]

  On 8/12/2019 at 4:30 AM, Vacuum said:

How could he do this without the green book?

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This bike is worth 80,000 baht, why are you selling it for 10,000?

I nicked it.

Okay, here's 10,000thb. 

[NCC1701A]

  On 8/12/2019 at 4:30 AM, Vacuum said:

How could he do this without the green book?

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sold it to the police.

[Matzzon]

This man should not be arrested. He should have a gold medal for the ability to do this with almost 100 stupid persons.

[ChipButty]

There was a Thai woman years ago used to rent bikes then sell them to pay her gambling debts 

[Happy Grumpy]

  On 8/12/2019 at 9:23 AM, ChipButty said:

There was a Thai woman years ago used to rent bikes then sell them to pay her gambling debts 

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I married her sister. 

[timendres]

  On 8/12/2019 at 9:13 AM, Matzzon said:

This man should not be arrested. He should have a gold medal for the ability to do this with almost 100 stupid persons.

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PM material to be sure.

[Matzzon]

  On 8/12/2019 at 9:58 AM, timendres said:

PM material to be sure.

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Are you sure you not giving him a lower status than he should have now?

[mok199]

More fake news , to glamourize law enforcement  ( and I use that term reluctantly)..

[Isaanbiker]

  On 8/12/2019 at 4:30 AM, Vacuum said:

How could he do this without the green book?

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People need engines and other parts. Getting such a vehicle for 5 K is more than cheap, green book, or not.

 

      Even a set of four tires with nice rims can be worth 5 K. 

[Handsome Gardener]

Getting someone to just take over the payments is a common way to sell vehicles in Thailand and all the main sellers will accommodate it - off the top of my head I think the fee is 3,500baht to change the name ? Maybe wrong amount  but something like that. Saves going through the pain of endless time wasters coming round to make you stupid offers.

 

But before handing over the vehicle get the buyer into the car loan providers office and get the paperwork done. 

[Handsome Gardener]

  On 8/12/2019 at 1:49 PM, mok199 said:

More fake news , to glamourize law enforcement  ( and I use that term reluctantly)..

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How come ?

[YTP]

Forgive me if I missed something, but what is HP?  

 

A little bit of review before publishing helps.

[tifino]

  On 8/12/2019 at 2:54 PM, YTP said:

Forgive me if I missed something, but what is HP?  

 

A little bit of review before publishing helps.

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finance company

car loan providers

 

the above terms, taken from previous Posts are good clues!

 

A little bit of reading all the Posts would have helped make it clear the jest of it all!

 

p.s. Hire Purchase...

[LazySlipper]

4give my ignorance, but <deleted> is the "HP" in the headline of the OP?

 

Looks like fracking clicbait and proof is I clicked...

 

Shiteyy headline

[hotchilli]

  On 8/12/2019 at 4:30 AM, Vacuum said:

How could he do this without the green book?

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Enough motorcycle shops around that will take it off your hands.. hence only 5,000 baht.. 

they will sell it on or break it for spares.

[justin case]

nearly 100 vehicles on HP 

 

so what does HP mean as not explained in article

[Radar501]

  On 8/12/2019 at 2:54 PM, YTP said:

Forgive me if I missed something, but what is HP?

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  On 8/12/2019 at 3:30 PM, LazySlipper said:

4give my ignorance, but <deleted> is the "HP" in the headline of the OP?

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  On 8/13/2019 at 2:59 AM, justin case said:

so what does HP mean as not explained in article

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HP Sauce.   Named after Houses of Parliament.   Tried it.   Don't like it. 

 

 

[Just Weird]

 

  On 8/12/2019 at 6:06 AM, Happy Grumpy said:

This bike is worth 80,000 baht, why are you selling it for 10,000?

I nicked it.

Okay, here's 10,000thb. 

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He didn't sell any of them, they were pawned.

[lamyai3]

  On 8/13/2019 at 3:16 AM, Radar501 said:

HP Sauce.   Named after Houses of Parliament.   Tried it.   Don't like it. 

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Very popular in old Blighty. 

[gk10002000]

so "selling" or transferring a vehicle to somebody that promises to make the payments is common in Thailand eh?  Why doesn't the seller just take the money and pay off the remaining loan balance, especially if they seem to sell the vehicle at 10 cents on the dollar?  Not a lot of cash to pocket at that fire sale price.  Maybe they get low balled on the used vehicle buyer end of things.  Just seems odd. 

[LazySlipper]

  On 8/12/2019 at 3:10 PM, tifino said:

 

A little bit of reading all the Posts would have helped make it clear the jest of it all

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I read and reread all the posts... be a darling please and show me where HP is explained.

[sirineou]

  On 8/13/2019 at 2:59 AM, justin case said:

nearly 100 vehicles on HP 

 

so what does HP mean as not explained in article

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Apparently  Hewlett Packard also sells cars.

 

Also have no Idea what HP is.

[KittenKong]

HP is short for hire purchase. A British way of describing a credit/loan purchase where the lender is the owner of the item until the debt is paid off.

[KittenKong]

  On 8/13/2019 at 10:00 AM, gk10002000 said:

so "selling" or transferring a vehicle to somebody that promises to make the payments is common in Thailand eh?  Why doesn't the seller just take the money and pay off the remaining loan balance, especially if they seem to sell the vehicle at 10 cents on the dollar? 

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Because neither the seller nor the buyer actually has any money and the only way either of them can afford to own the vehicle is with borrowed money. Many people here have nothing but debts.

 

If they are only getting 10% of the value of the vehicle that would not be enough to pay off the loan anyway, besides which the whole point (for them) of selling the vehicle is to keep the money (which will probably be used to by another vehicle from someone else in the same situation).

[Vacuum]

  On 8/12/2019 at 9:47 AM, Happy Grumpy said:

I married her sister. 

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I think she have two, I got the other one.

[Vacuum]

  On 8/13/2019 at 5:33 AM, Just Weird said:

 

He didn't sell any of them, they were pawned.

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Correct, hence my question. Normally when you use a pawn shop, they wan't the green book and copy of ID card.