Intrepidman Posted June 15, 2010 Share Posted June 15, 2010 Greetings, LONG time lurker.. anyway would like to ask if anyone can add any personal insight to the following. 1) Thai Lady has motorbike on a monthly installment contract. 2) Thai Lady fails to make payments. 3) Thai Lady does not have motorbike to return to finance company. 4) Finance company demands payment of 65,000 bt. What would be the maximum civil or criminal penalty that the above thai lady could face for failure to pay and failure to return the motorbike??? Thanks in advance. Link to comment Share on other sites More sharing options...
sbk Posted June 15, 2010 Share Posted June 15, 2010 Hi this forum is for ladies not about ladies, moving to general Link to comment Share on other sites More sharing options...
yabaaaa Posted June 15, 2010 Share Posted June 15, 2010 I'd love to hear the reasons "why" behind this one?? Link to comment Share on other sites More sharing options...
rgs2001uk Posted June 15, 2010 Share Posted June 15, 2010 I'd love to hear the reasons "why" behind this one?? Well I aint no rocket scientist, but feel sure we can all imagine the scenario. Farang overseas, g/f spins a line, trip to Western Union perhaps? Farang unaware Thai lady would have someone sign as guarantor for the payments, so not the farangs problem. Off course I am most probably way off the mark with all the above. 1 Link to comment Share on other sites More sharing options...
sarahsbloke Posted June 15, 2010 Share Posted June 15, 2010 (edited) double post Edited June 15, 2010 by sarahsbloke Link to comment Share on other sites More sharing options...
sarahsbloke Posted June 15, 2010 Share Posted June 15, 2010 (edited) Assuming lady scooter type m/c, I would be interested in hearing what model could run up a bill that high? I would assume that the lady wouldn't be worth the company chasing. Sounds more like a story a girl would tell a white man to try to extort some sympathy money. I'm behind with m/c payments, I have gambling debts, my parents have a sick buffalo, my mother needs an operation, etc....... PS If anyone hears the 'my well has run dry' story, it cost 3000bht to drill a new well on my wifes farm ....... that included the water pump. Edited June 15, 2010 by sarahsbloke Link to comment Share on other sites More sharing options...
slapout Posted June 15, 2010 Share Posted June 15, 2010 That may be a record price. What do you feed the squirrel that powers the water wheel/pump? Link to comment Share on other sites More sharing options...
GarryP Posted June 15, 2010 Share Posted June 15, 2010 When buying a bike on the never never, interest is factored in to the payments. Thus, when the all outstanding payments are totalled, it could easily be Baht 65,000. This is a common scam in Thailand and as a result finance companies are cracking down. What usually happens is that a person enters a contract to buy a bike on hire purchase and gets an acquaintance (the person who will be stung)to act as guarantor. Within a few days the bike is across the border or chopped and the purchaser has disappeared. The acquaintance then faces the music as guarantor. Failure to pay resulting in charges being pressed. I have not heartd of anyone going to jail though. Link to comment Share on other sites More sharing options...
sanook2me Posted June 15, 2010 Share Posted June 15, 2010 If anyone hears the 'my well has run dry' story, it cost 3000bht to drill a new well on my wifes farm ....... that included the water pump. Is that the new farang rebuttal to the Thai sick buffalo story... solleeee ti rak my well has run dry...ask the next sucker....errr eerrr errrrhhhhhhh Link to comment Share on other sites More sharing options...
Intrepidman Posted June 15, 2010 Author Share Posted June 15, 2010 Yes, I agree, sounds like a sick bufalo story from the ex gf to me too... way too much to post up the history... like I said in my orginal post, just looking for any real experiences in this situation. Thanks gang Link to comment Share on other sites More sharing options...
Skint Posted June 15, 2010 Share Posted June 15, 2010 My Mrs done this although she still has the bike, to pay it off they want 70k in total she said she will give it back and get a new one. Her Money Her bike. Link to comment Share on other sites More sharing options...
Scully Posted June 15, 2010 Share Posted June 15, 2010 That may be a record price. What do you feed the squirrel that powers the water wheel/pump? For 3000baht you have to get the wife to suck up the water. Its OK because for 3k it only 50 centimeters deep. Link to comment Share on other sites More sharing options...
CHdiver Posted June 16, 2010 Share Posted June 16, 2010 Now if you pimp your Fino with Hello Kitty, 200 extra lights a lot of chrome, then play around at the engine you may get there. OP, if you want you can send the money to me, I will have a chat with your Girl and check the Paperwork, after I will report back to you Link to comment Share on other sites More sharing options...
IanForbes Posted June 16, 2010 Share Posted June 16, 2010 I believe the OP's question is a valid one. As already mentioned, the finance companies factor in the interest as the total price and a 40,000 baht bike would likely be at least 65,000 baht when paid off. It is quite possible that the bike was stolen and couldn't be returned. It might also have been in an accident and too badly damaged to be returned. And Yes, the bike MIGHT have been sold for instant cash so the gal could try and collect from the boyfriend later. But that would only happen if the guy was stupid. Of course, there are a lot of stupid guys out there. I don't know the laws in Thailand, but I highly doubt if the cops will put the gal in jail. However, she will be forever in debt and could never get another loan to buy anything else. Link to comment Share on other sites More sharing options...
GarryP Posted June 16, 2010 Share Posted June 16, 2010 However, she will be forever in debt and could never get another loan to buy anything else. I had forgotten about that point. She will be blacklisted. Link to comment Share on other sites More sharing options...
robblok Posted June 17, 2010 Share Posted June 17, 2010 She can also not own anything because it will be confiscated. My MIL is blacklisted and cant have anything on her name. That is quite annoying at times but good punishment for not paying debts. But in Thailand its easy to have possessions on an others name. (That is if you can trust the other) Link to comment Share on other sites More sharing options...
Mario2008 Posted June 17, 2010 Share Posted June 17, 2010 You don't go to jail for not paying a debt. However, in this case the motorcycle is not there anymore. Normally the motorcycle remains the property of the finance company, till all is paid. So if the lady in question or example sold the motorcycle she committed a crime as the motorcycle isn't hers. If it was stolen, than no crime was committed of course. Link to comment Share on other sites More sharing options...
GarryP Posted June 17, 2010 Share Posted June 17, 2010 She can also not own anything because it will be confiscated. My MIL is blacklisted and cant have anything on her name. That is quite annoying at times but good punishment for not paying debts. But in Thailand its easy to have possessions on an others name. (That is if you can trust the other) I think your MIL is subject to something else. The blacklist is in regard to credit. However, in your MIL's case I believe she has had an enforcement judgement placed over her by the court for repayment of debt. As soon as she buys any property and the creditors find out, they will get an execution (enforcement) order and the property will be seized and put up for auction, the proceeds going to the creditors. Any funds left over after repaying the debt will be given to the MIL. However, if the funds raised are not sufficient to cover the debt, the creditors just wait until the next time she buys property and repeat the process. There is a statute of limitations in taking action though. Link to comment Share on other sites More sharing options...
robblok Posted June 17, 2010 Share Posted June 17, 2010 She can also not own anything because it will be confiscated. My MIL is blacklisted and cant have anything on her name. That is quite annoying at times but good punishment for not paying debts. But in Thailand its easy to have possessions on an others name. (That is if you can trust the other) I think your MIL is subject to something else. The blacklist is in regard to credit. However, in your MIL's case I believe she has had an enforcement judgement placed over her by the court for repayment of debt. As soon as she buys any property and the creditors find out, they will get an execution (enforcement) order and the property will be seized and put up for auction, the proceeds going to the creditors. Any funds left over after repaying the debt will be given to the MIL. However, if the funds raised are not sufficient to cover the debt, the creditors just wait until the next time she buys property and repeat the process. There is a statute of limitations in taking action though. Im not sure about it.. and i really don't care about it its her problem. She is always trying to loan money to buys land or other stuff and selling it again. Most of the times this goes wrong, i never loaned her any money. I don't see her often as my gf isn't that close with her. Link to comment Share on other sites More sharing options...
BillR Posted June 17, 2010 Share Posted June 17, 2010 I think I remember reading here that a farang had a truck in gf name, gf was refusing to return/sign over book, farang sold car off in parts and faced criminal charges/jail time. Link to comment Share on other sites More sharing options...
eggomaniac Posted June 17, 2010 Share Posted June 17, 2010 I'd love to hear the reasons "why" behind this one?? Well I aint no rocket scientist, but feel sure we can all imagine the scenario. Farang overseas, g/f spins a line, trip to Western Union perhaps? Farang unaware Thai lady would have someone sign as guarantor for the payments, so not the farangs problem. Off course I am most probably way off the mark with all the above. same Mark I was on though. better than sick buffalo... Link to comment Share on other sites More sharing options...
ignis Posted June 17, 2010 Share Posted June 17, 2010 When buying a bike on the never never, interest is factored in to the payments. Thus, when the all outstanding payments are totalled, it could easily be Baht 65,000. This is a common scam in Thailand and as a result finance companies are cracking down. What usually happens is that a person enters a contract to buy a bike on hire purchase and gets an acquaintance (the person who will be stung)to act as guarantor. Within a few days the bike is across the border or chopped and the purchaser has disappeared. The acquaintance then faces the music as guarantor. Failure to pay resulting in charges being pressed. I have not heartd of anyone going to jail though. From Honda... Even your paying about 20,000+ for the finance over 48 months ! Honda Motorcycle Financing Average Price 12 months 24 months 36 months 48 months Honda PCX NC125D ฿69,990.00 ฿6,456.64 ฿3,540.21 ฿2,567.81 ฿2,081.64 Honda Scoopy I KT110C-Fun ฿46,500.00 ฿4,289.67 ฿2,352.05 ฿1,706.00 ฿1,383.00 Honda Scoopy I KT110C-Cute ฿46,500.00 ฿4,289.67 ฿2,352.05 ฿1,706.00 ฿1,383.00 Honda Scoopy I KT110C-Prestige ฿46,500.00 ฿4,289.67 ฿2,352.05 ฿1,706.00 ฿1,383.00 Honda AirBlade I NC110AP(S) ฿56,000.00 ฿5,166.05 ฿2,832.57 ฿2,054.54 ฿1,665.55 Honda Click-i Forward NC110BM(S) ฿50,500.00 ฿4,658.67 ฿2,554.38 ฿1,852.76 ฿1,501.97 Honda Click-i Tune-Up NC110BK(S) ฿46,500.00 ฿4,289.67 ฿2,352.05 ฿1,706.00 ฿1,383.00 Honda Click-i NC110BM ฿50,200.00 ฿4,631.00 ฿2,539.20 ฿1,841.75 ฿1,493.05 Honda Icon NC110CS(A) ฿38,000.00 ฿3,505.54 ฿1,922.10 ฿1,394.15 ฿1,130.19 Honda Icon NC110CT(A) ฿38,000.00 ฿3,505.54 ฿1,922.10 ฿1,394.15 ฿1,130.19 Honda Icon Rock NC110CC(S) ฿43,000.00 ฿3,966.79 ฿2,175.01 ฿1,577.59 ฿1,278.90 Honda Icon Rock NC110CC ฿43,000.00 ฿3,966.79 ฿2,175.01 ฿1,577.59 ฿1,278.90 Honda Wave 110i NF110K ฿35,500.00 ฿3,274.91 ฿1,795.65 ฿1,302.43 ฿1,055.84 Honda Wave 110i NF110TM ฿40,000.00 ฿3,690.04 ฿2,023.27 ฿1,467.53 ฿1,189.68 Honda Wave 110i NF110R ฿37,500.00 ฿3,459.41 ฿1,896.81 ฿1,375.81 ฿1,115.32 Honda Wave 125S NF125T ฿44,700.00 ฿4,123.62 ฿2,261.00 ฿1,639.96 ฿1,329.46 Honda Wave 125X NF125TT ฿42,000.00 ฿3,874.54 ฿2,124.43 ฿1,540.91 ฿1,249.16 Honda Wave 125X NF125ST ฿45,000.00 ฿4,151.29 ฿2,276.18 ฿1,650.97 ฿1,338.39 Honda Wave 125X NF125PT ฿44,000.00 ฿4,059.04 ฿2,225.59 ฿1,614.28 ฿1,308.65 Honda Wave 125S NF125MT ฿47,500.00 ฿4,381.92 ฿2,402.63 ฿1,742.69 ฿1,412.74 Honda Wave 125i NF125C ฿47,300.00 ฿4,363.47 ฿2,392.51 ฿1,735.35 ฿1,406.79 Honda Wave 125i NF125MC ฿49,900.00 ฿4,603.32 ฿2,524.03 ฿1,830.74 ฿1,484.12 Honda CZ-i NF110ST ฿39,000.00 ฿3,597.79 ฿1,972.69 ฿1,430.84 ฿1,159.94 Honda Sonic 125 RS FS125M ฿49,400.00 ฿4,557.20 ฿2,498.74 ฿1,812.40 ฿1,469.25 Honda Sonic 125 RS FS125 ฿46,700.00 ฿4,308.12 ฿2,362.16 ฿1,713.34 ฿1,388.95 Honda Sonic 125 RS Super FS125SC ฿49,100.00 ฿4,529.52 ฿2,483.56 ฿1,801.39 ฿1,460.33 Honda Dream 125 ND125 ฿39,300.00 ฿3,625.46 ฿1,987.86 ฿1,441.85 ฿1,168.86 Honda Dream 125 ND125M ฿42,000.00 ฿3,874.54 ฿2,124.43 ฿1,540.91 ฿1,249.16 Honda Phantom TA200 ฿87,200.00 ฿8,044.28 ฿4,410.72 ฿3,199.21 ฿2,593.50 Link to comment Share on other sites More sharing options...
Briggsy Posted June 18, 2010 Share Posted June 18, 2010 Lady Woman Unless she is a member of the aristocracy. Link to comment Share on other sites More sharing options...
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