What does this mean?

[sandyf]

On 10/15/2020 at 6:40 AM, champers said:

I wonder if "hire purchase" really means rent and is just a translation quirk.

"Hire purchase" is exactly what it says, a form of purchase where you end up as the owner. It does not mean leasing or renting.

Something on hire purchase is seen as an asset, leased or rented is a liability.

[elgenon]

On 10/14/2020 at 5:33 PM, ubonjoe said:

That is under this heading on that webpage.

"7. Evidence of ownership or payment for accommodation (after 14 days quarantine period) covering the entire period of intended stay in Thailand as well as, if applicable, an original financial statement as follows;"

It is this one. 

"or 
d. Evidence of purchase or hire purchase of a condominium, in accordance with respective laws, with at least 2 complete installments. If the said payment condition cannot be met, an original bank statement which states bank contact information and deposit with the equivalent amount of not less than 500,000 Baht for the last 6 months, is also required.

It is just proof of where you will staying to apply for the STV.

Sorry for the dumb question UJ, but do you have to apply for the STV in Thailand? After the quarantine? How do you know you will definitely get it? Am American would enter on a visa-exempt?

[ubonjoe]

39 minutes ago, elgenon said:

Sorry for the dumb question UJ, but do you have to apply for the STV in Thailand? After the quarantine? How do you know you will definitely get it?

A STV can only be issued at embassy or official consulate.

 

41 minutes ago, elgenon said:

Am American would enter on a visa-exempt?

You cannot enter visa exempt now. Only those with a certificate of entry and a visa can enter the country.

[Myran]

On 10/15/2020 at 6:40 AM, champers said:

I wonder if "hire purchase" really means rent and is just a translation quirk.

Hire purchase is the same as paying for something in installments.

[champers]

1 hour ago, Myran said:

Hire purchase is the same as paying for something in installments.

But in the case of a condo I would expect it to be called a mortgage.

[moontang]

On 10/15/2020 at 6:50 AM, steven100 said:

It means evidence of a condo purchase or a bank mortgage showing at least two payments made.  imo

 

 

 

I think they are talking about the payments/installments one makes when buying a condo off plan, which is not a mortgage.

[bluehippie]

It has to do with buying a condo "off plan" where you pay for it in installments before construction has started and /or completed.