New Car On Hp Thai Wife

[Rob5060]

Thinking about buying a new car but I would prefer to use HP if possible

Anybody know if it could be purchased in her name on HP, with her house as guarantee

Cheers

[MoonRiverOasis]

Can do.

At least one of you will need proof of income, at a level good enough to qualify (i.e. salary/pension at least 3x the repayment) - collateral isn't necessary and makes no impact to your eligibility for car finance.

If neither of you have had Thai finance before (or have a poor credit rating) you'll need either a bigger down payment (25%-50%) and/or a Thai guarantor (again, someone with suitable income).

[Rob5060]

Can do.

At least one of you will need proof of income, at a level good enough to qualify (i.e. salary/pension at least 3x the repayment) - collateral isn't necessary and makes no impact to your eligibility for car finance.

If neither of you have had Thai finance before (or have a poor credit rating) you'll need either a bigger down payment (25%-50%) and/or a Thai guarantor (again, someone with suitable income).

Sounds like we cant then. I was going to offer a 25% deposit but neither of us work and I dont yet get my pension

I was hoping the house could be use as security