Mash42 Posted November 10, 2021 Share Posted November 10, 2021 Dealerships usually have a cash discount so I figured that if banks offer the same rates (haven't checked yet) I could just take a loan and pay cash to get that discount. Does that work? The dealerships gave me offers ranging from 1-2.5% interest. Link to comment Share on other sites More sharing options...
Popular Post jackdd Posted November 10, 2021 Popular Post Share Posted November 10, 2021 Which dealer has a cash discount? Usually they want people to use finance, and not pay cash, because like this they earn commission. 7 Link to comment Share on other sites More sharing options...
KhunLA Posted November 10, 2021 Share Posted November 10, 2021 Would think dealer would be better, as bank interest rates are silly. If the dealer doesn't go through a bank, then probably just shop for best deal. Interest rates here are silly Link to comment Share on other sites More sharing options...
Mash42 Posted November 10, 2021 Author Share Posted November 10, 2021 3 hours ago, jackdd said: Which dealer has a cash discount? Usually they want people to use finance, and not pay cash, because like this they earn commission. That was Ford. They also had 0% interest promotion on Ford Ranger so I guess they just wanna sell. 2 hours ago, KhunLA said: Would think dealer would be better, as bank interest rates are silly. If the dealer doesn't go through a bank, then probably just shop for best deal. Interest rates here are silly I think so yeah. I checked bank interest and it "starts from" 3%. Link to comment Share on other sites More sharing options...
connda Posted November 11, 2021 Share Posted November 11, 2021 It's best to pay cash. Can't afford cash. Then you should rethink the car purchase. 2 1 Link to comment Share on other sites More sharing options...
big dendrobenaes Posted November 12, 2021 Share Posted November 12, 2021 22 hours ago, seedy said: Not true. I have had 3 which bank/banks ??? Link to comment Share on other sites More sharing options...
Liverpool Lou Posted November 13, 2021 Share Posted November 13, 2021 18 hours ago, big dendrobenaes said: which bank/banks ??? Bangkok Bank will lend to qualifying foreign applicants Kasikorn Bank will lend to qualifying foreign applicants. Krungsri Bank will lend to qualifying foreign applicants. UOB will lend to qualifying foreign applicants. Link to comment Share on other sites More sharing options...
metisdead Posted November 13, 2021 Share Posted November 13, 2021 Posts using ALL CAPS have been removed as there is no need to SHOUT. A post with an off topic spammy video has been removed. Link to comment Share on other sites More sharing options...
seedy Posted November 13, 2021 Share Posted November 13, 2021 20 hours ago, big dendrobenaes said: which bank/banks ??? I posted a reply - but it is no longer here. Who knows why Link to comment Share on other sites More sharing options...
thierryviteau Posted November 14, 2021 Share Posted November 14, 2021 The only real question is to know why people want to buy what they cannot pay ? I never made a loan and will never ! people are so weird ! 2 Link to comment Share on other sites More sharing options...
Popular Post JayClay Posted November 14, 2021 Popular Post Share Posted November 14, 2021 11 minutes ago, thierryviteau said: The only real question is to know why people want to buy what they cannot pay ? I never made a loan and will never ! people are so weird ! Then you've either been flush or your life, or you've been a little dense financially. If you need a vehicle and can't afford one in cash, what else would you recommend? Renting? That makes no financial sense at all. I bought my bike a year ago for 38,000bt using a credit card. The credit card balance has since been paid off and I have no further outgoings on the matter. Had I rented, I would have spent 36,000bt with nothing to show for it. 2 1 Link to comment Share on other sites More sharing options...
thierryviteau Posted November 14, 2021 Share Posted November 14, 2021 9 minutes ago, JayClay said: If you need a vehicle and can't afford one in cash if you can't afford why do you need it ? this is BS and people are victims of all this as they are victims of the vaccination ! if I cannot pay something I do not need it ! 2 1 Link to comment Share on other sites More sharing options...
Popular Post JayClay Posted November 14, 2021 Popular Post Share Posted November 14, 2021 (edited) 49 minutes ago, thierryviteau said: if you can't afford why do you need it ? this is BS and people are victims of all this as they are victims of the vaccination ! if I cannot pay something I do not need it ! How else do you suggest one gets to work? And what does vaccination have to do with the topic? Edited November 14, 2021 by JayClay 2 1 Link to comment Share on other sites More sharing options...
seedy Posted November 14, 2021 Share Posted November 14, 2021 1 hour ago, thierryviteau said: if you can't afford why do you need it ? this is BS and people are victims of all this as they are victims of the vaccination ! if I cannot pay something I do not need it ! What a statement !!! 555 1 1 Link to comment Share on other sites More sharing options...
thierryviteau Posted November 25, 2021 Share Posted November 25, 2021 On 11/14/2021 at 2:54 PM, JayClay said: How else do you suggest one gets to work? And what does vaccination have to do with the topic? what about public transportation ? And anybody who is not able to buy a car cash has really failed his life... Link to comment Share on other sites More sharing options...
Mash42 Posted January 9, 2022 Author Share Posted January 9, 2022 This is an old thread but I came by it today and noticed the discussion around cash and borrowing. And I'd like to make 2 points. 1. The loan is less than my personal safety net account. But I wouldn't pay from there, it's sacred. It makes me a free man. 2. Over 5 years I pay the bank ~11% total while my worst expected investment performance over that period is in the range of ~25% Finances aren't black and white. Do your math and do what you are confident of. Link to comment Share on other sites More sharing options...
stoneinfocus Posted January 14, 2022 Share Posted January 14, 2022 Two people have 1.2m baht in cash in their bank. They both need a new car, and they both like the look of the new Honda Civic RS. Person A notes that Bitcoin goes up over 100% a year on average, so puts down a 25% deposit and borrows the rest at 2.99% APR. He then invests his remaining money in the digital asset and, though it's a bumpy ride, he makes an incredible return over 3 years. Person B hands over all of his cash in order to purchase the car outright, thus denying himself the chance to make some really good money. He thinks he's made a good decision. He has not. Link to comment Share on other sites More sharing options...
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