Buying A car from a Thai that has a loan

[atpeace]

15 minutes ago, harryviking said:

Get the green book or stay away!!

In the banks name? How would that work?  The bank is going to send a representative with me to the land transfer office?  

[Liverpool Lou]

9 hours ago, 4MyEgo said:

if you can buy 2nd hand  from a farang, you have a better chance it's legit.

Why?  What makes foreigners any more honest?

[outsidetrader]

10 hours ago, SAFETY FIRST said:

To save yourself a possible headache and trauma, once you pay the finance company hold on to the blue book, it's what you are buying. 

Go straight to the Chonburi DLT with the seller, car and book, do the transfer in Chonburi, then once the book is in your name pay the balance if any. 

 

I'm sure your Ubon CofR can be used in other province (Chonburi). 

 

You wont get the blud book straight awzy as all are kept in Bkk head office.If its a proper finance company at least .Can reguster it anywhere but will take more time ic already registered in Chonburi .For sure make sure you have the required paperwork from immigration otherwise yiu will not complete in 1 day ...2 weeks normally for the blue book to arrive ..

[john donson]

why risk paying of the dudes debt, seen as a gift and the car is not even nearby?

[LukKrueng]

22 hours ago, SAFETY FIRST said:

To save yourself a possible headache and trauma, once you pay the finance company hold on to the blue book, it's what you are buying. 

Go straight to the Chonburi DLT with the seller, car and book, do the transfer in Chonburi, then once the book is in your name pay the balance if any. 

 

I'm sure your Ubon CofR can be used in other province (Chonburi). 

 

The car under loan is actually registered to the bank\finance company, not the person you're buying it from.

I only sold once a car still under a loan. The buyer and I agreed on a price. We went together to the finance company (kbank). They calculated the final amount due to the bank, the buyer paid off the loan and gave me the balance. I signed some docs, but signed some docs, can't remember who paid the transfer fee. Kbank transferred the car to the buyer's name and sent him the updated blue book. For me, the seller, the process ended right then and there at the bank, after recieving the money from the buyer.