Selling Car - Proper Legal Paperwork And Process

[Tiger7Moth]

I have a Toyota Yaris and probably have paid far to much for insurance - but, my insurance covered everything. So, recently having visited the insurance office, I went to Toyota and had every little nick taken care of. So, it is in perfect condition and my Thai wife mentioned to the manager of the repair office that I am selling it. Later this manager called and said he has someone interested in purchasing my Yaris and the offer is acceptable.

I would like to make sure everything is done properly, legally for the sale.

So, I would greatly appreciate it if anyone could tell me the proper legal process.

Thank you

[WarpSpeed]

Is it paid off?

[gotlost]

You need to have the Car Blue Book, a coy of your passport and a Certificate of Residency form Immigration or a copy of work permit or if you have a Yellow House Book a copy of it. This is for a foreigner. If the car is in your wife's name, Thai, Car Blue Book, Copy of ID Card and Copy of Blue house.

[WarpSpeed]

Yes assuming of course it's paid off or otherwise the blue book is not available to you and an entirely new and rather complicated process is required..

[kartman]

You and punter go to finance co that has blue book punter pays off finance and you balance of agreed price, finance co gives punter blue book and they take vehicle not that complicated ,been there done it as the buyer.

[bkksw]

You and punter go to finance co that has blue book punter pays off finance and you balance of agreed price, finance co gives punter blue book and they take vehicle not that complicated ,been there done it as the buyer.

I just went through this..

The buyer can pay the car off, the finance company is happy to take anyones money.

But the finance company will not just give the book to the buyer. Or they shouldn't, and mine wouldn't.

First, the book needs to be signed by the owner (original owner) and then needs to be sent off to the land transportation office for stamps and whatever else.. then it's returned to the finance company who then signs it over to the old owner.

The original owner can then do whatever he wants with it. If he sells it.. and is a farang.. then the buyer will need the owners certificate of residency to process the change of ownership.

I suppose.. the tricky part as the buyer, is trusting the original owner will pay turn over the book and vehicle after the loan is paid and the book is processeed through the LTO..

[Tiger7Moth]

You need to have the Car Blue Book, a coy of your passport and a Certificate of Residency form Immigration or a copy of work permit or if you have a Yellow House Book a copy of it. This is for a foreigner. If the car is in your wife's name, Thai, Car Blue Book, Copy of ID Card and Copy of Blue house.

Thanks to everyone for there replies. I guess I should have mentioned that I had paid cash originally and have the Blue Book.

[WarpSpeed]

You and punter go to finance co that has blue book punter pays off finance and you balance of agreed price, finance co gives punter blue book and they take vehicle not that complicated ,been there done it as the buyer.

I just went through this..

The buyer can pay the car off, the finance company is happy to take anyones money.

But the finance company will not just give the book to the buyer. Or they shouldn't, and mine wouldn't.

First, the book needs to be signed by the owner (original owner) and then needs to be sent off to the land transportation office for stamps and whatever else.. then it's returned to the finance company who then signs it over to the old owner.

The original owner can then do whatever he wants with it. If he sells it.. and is a farang.. then the buyer will need the owners certificate of residency to process the change of ownership.

I suppose.. the tricky part as the buyer, is trusting the original owner will pay turn over the book and vehicle after the loan is paid and the book is processeed through the LTO..

Yes thank you, as I said a fair bit more complicated, as my own personal past experience has shown as well.. Amazing how some here will argue the "sky is not blue" in spite of seeing the evidence clearly when looking up, they're the usual group too apparently have nothing better in life to do then to look foolish arguing the opposite of what is true ...

[robert10]

Like to continue this old thread.

My car was purchased by cash, no financing involved.

Like to know the steps in more detail when I sell my car to a buyer. What needs to done to execute the sale, transfer and payment once I locate a buyer?

1) Do we both go to transport office with necessary documents (car blue book, copy of passport, certificate of residence for me as the foreign seller)? At which point do I handover the car to the buyer ... upon payment (cashier's order?) ... at the transport office etc?

2) As I'm likely to sell the car in a province different from the province which I bought the car from, are there additional considerations involved?

3) How much time should I budget for all the paperwork involved?

4) Is there any difference when selling to individual buyer (local or foreign) vs car dealer?

5) What is the normal discount % if I were to sell my car to a car dealer? (Back where I come from, car dealers will offer lower price than individual buyers as they are middle men and need to buy at lower price. Assume its the same in Thailand. )

6) Any scams I should be aware of before I part with my car to the buyer? (Come to realised since staying in Thailand that a fool and his money/assets is very soon parted, with a wide smile and even a wai from the grateful local So can't be too careful :jap: )