Buy used car with finance from bank/shop

[Faeton]

Hello. 

 

I live in Thailand long time but have job outside thailand (so not have work permit). Stay by family visa and have thai child.  

Can i buy a used car with down payment about 30% and finance from bank / shop somewhere in Pattaya / Bangkok? 

 

[big dendrobenaes]

no

[Moonlover]

You would need, at the very least some collateral, proof of income and a Thai guarantor. And like I say, at the very least.

 

I rate your chances at next to zero from what you've said.

[AgMech Cowboy]

Your wife 'might' be able to get the loan, if the bank/shop will accept your guaranty of the loan.

[Brick Top]

19 hours ago, big dendrobenaes said:

no

Incorrect , if your putting a down payment of 30% then no WP required and no gaurenture required

[Faeton]

39 minutes ago, Brick Top said:

Incorrect , if your putting a down payment of 30% then no WP required and no gaurenture required

Yes i read something like that also. Is it possible only for new car or used car also ?

[MrJ2U]

At the minimum you would need a work permit, work stubs for two years, and collateral being a foreigner.

 

Banks Don't lend on used cars as a rule of thumb.

Edited October 6, 2021 by MrJ2U

[big dendrobenaes]

On 10/5/2021 at 7:32 PM, Moonlover said:

You would need, at the very least some collateral, proof of income and a Thai guarantor. And like I say, at the very least.

 

I rate your chances at next to zero from what you've said.

CORRECT

[CharlieH]

As always in Thailand things can vary wildly from place to place and region etc.

In my experience with a deposit of 30% done in a Thai name, with good credit etc,  there is little to no resistance on new or used.

[shady86]

Not sure how much is the used car but I rather saved up until I can buy a used car with cash.

 

[CartagenaWarlock]

On 10/5/2021 at 7:20 AM, Faeton said:

I live in Thailand long time but have job outside thailand (so not have work permit). Stay by family visa and have thai child.  

Can i buy a used car with down payment about 30% and finance from bank / shop somewhere in Pattaya / Bangkok? 

With the availability of multiple ride sharing apps (e.g grabs and bolts), I felt less and less need for a car unless you have a family. A motor bike can serve for quick run around in the back alleys to 7/11, laundromat if needed, or nere by places.