A shocking turn of events left a 39 year old woman from Kamphaeng Phet province with a staggering debt of 4 million baht (US$115,107) without possession of a vehicle she attempted to purchase.

 

Nam Aoy Aiemviboon had agreed to pay 67,892 baht (US$1,954) per month over 60 installments for a second-hand Hino S700 truck and a trailer, but she never received the promised vehicle, leaving her to deal with mounting debt.

 

Nam Aoy’s ordeal began when she visited a company in Nakhon Ratchasima on May 9 to view and agree on purchasing the truck and trailer for 4,073,520 baht. The vehicle was expected to be handed over with all the proper adjustments on September 20, 2022, with her first monthly instalment scheduled for August 5, 2022.

 

However, when the deadline for the delivery arrived, Nam Aoy hadn’t received her purchased vehicle and instead discovered that she was now in debt to the financing company, based in Nakhon Ratchasima, for 4 million baht. This led to debt collection letters being sent to her every month, which in turn, damaged her credit bureau score.

 

by Nattapong Westwood

Picture courtesy of PS truck2hand รถสิบล้อ รถบรรทุกมือสอง Facebook.

 

Full story: https://thethaiger.com/news/national/woman-faces-4-million-baht-debt-without-receiving-truck-from-failed-purchase-deal

 

-- © Copyright Thaiger 2023-06-21

 

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3 hours ago, webfact said:

However, when the deadline for the delivery arrived, Nam Aoy hadn’t received her purchased vehicle and instead discovered that she was now in debt to the financing company,

So , just stop paying the monthly installments .

1 minute ago, nobodysfriend said:

 

So , just stop paying the monthly installments .

The paperwork was an agreement of payment for a truck.

No truck, no money

She ordered the Truck from "A Workshop" ?? on order from Japan, is this lost in translation? Surely one would order a new truck from a Dealer.....

Cheer up and pay up! The problem will be gone in approx. 50 month more. No biggie ???? 

29 minutes ago, brianthainess said:

She ordered the Truck from "A Workshop" ?? on order from Japan, is this lost in translation? Surely one would order a new truck from a Dealer.....

you clearly didn't read the article, it says "secondhand truck"

1 hour ago, khunpeer said:

you clearly didn't read the article, it says "secondhand truck"

Looks like You didn't read the article:

The reporter investigating the case stated that she had ordered the truck from a workshop in Nakhon Ratchasima which was supposed to import the vehicle from Japan. The workshop had organised with the financing company to check her credit and proceed with the financing process, but the vehicle delivery was never completed as per the agreement, reported KhaoSod.

7 hours ago, webfact said:

However, when the deadline for the delivery arrived, Nam Aoy hadn’t received her purchased vehicle and instead discovered that she was now in debt to the financing company, based in Nakhon Ratchasima, for 4 million baht. This led to debt collection letters being sent to her every month, which in turn, damaged her credit bureau score.

Surprised the financing company would pay up front for a non-existent truck.

Sounds like some sort of fraud between the importer/dealer and finance company.

2 hours ago, khunpeer said:

you clearly didn't read the article, it says "secondhand truck"

Don't trust these articles as fact, a second hand truck in Japan, and yet the finance company came and asked her what color she preferred, I question that a finance company would finance a second hand truck, color unknown, and not in country and no Thai registration , maybe not a dealer but a definite scam.  Also they are made in Thailand.

6 hours ago, nobodysfriend said:

 

So , just stop paying the monthly installments .

She did stop paying, it clearly says she was getting debt collection letters and had got a bad credit rating - that wouldn't happen if she was paying 

On 6/21/2023 at 6:40 AM, nobodysfriend said:

 

So , just stop paying the monthly installments .

She is paying to a financing company..... and will be delinquent.