Minimum Innitial Payment?

[seabassskin]

Hi,

Could anybody tell me what the minimum % "down" is needed on a new car at the moment?

Does this vary per brand?

Would appreciate some fact based feedback !

Thanks

[Gippy]

We found that it varies based on anything you can think of. Different brands, different dealers, your financial status, your wife / GF financial status, finance company and what type of car. We have family that emptied their bank account to put down 20,000 baht on a Toyota Hilux but we had to try two different finance companies before we found one that would let us only put down 25% on a Fortuner, the other wanted 40%!

You should just go and visit a couple of dealers with the car you are interested in, they will ask some questions and give you an idea of what down payment will be required.

[dmax]

i think around 35-45% then usually

[katabeachbum]

it varies per brand, model, color, week, your credit history in LOS, guarantors credithistory, dealer, sales staff.

29900 baht to 50% is normal as minimum.

[eTiMaGo]

it varies per brand, model, color, week, your credit history in LOS, guarantors credithistory, dealer, sales staff.

wind direction, the salesperson's mother's cousin's best friend's age...

Actually if I recall, most dealerships should have an A4 paper showing the different models and their corresponding payment plans? I also remember Toyota's website having a financing calculator too?

[seabassskin]

it varies per brand, model, color, week, your credit history in LOS, guarantors credithistory, dealer, sales staff.

wind direction, the salesperson's mother's cousin's best friend's age...

Actually if I recall, most dealerships should have an A4 paper showing the different models and their corresponding payment plans? I also remember Toyota's website having a financing calculator too?

The Toyota website has a 20% minimum, but I am not sure if this would apply?

Any members who could share howmuch they paid and for what car?

Thanks

[Gippy]

The Toyota website has a 20% minimum, but I am not sure if this would apply?

Any members who could share howmuch they paid and for what car?

Thanks

Your best option is to visit a couple of dealers and ask them. The first dealer we went to had a deposit as low as 10% on their A4 paper showing repayment terms but the finance company wanted almost 40% from us. In the end we got 25% from a different dealer but had to pay for the 40,000 baht of extras we added up front as well, they would not add those to the finance.

[katabeachbum]

The Toyota website has a 20% minimum, but I am not sure if this would apply?

Any members who could share howmuch they paid and for what car?

Thanks

Your best option is to visit a couple of dealers and ask them. The first dealer we went to had a deposit as low as 10% on their A4 paper showing repayment terms but the finance company wanted almost 40% from us. In the end we got 25% from a different dealer but had to pay for the 40,000 baht of extras we added up front as well, they would not add those to the finance.

Slow selling models/ outgoing models are often 29900 down. Check Chevy Aveo, Optra and 2 door 2wd pickup. all 29900 down

For a Vigo 950k 4x4 i had to put 25% down. Civic 1 mill baht 10% down.