Car Financing

[Nowhereman60]

Can a person on a retirement visa (been here over 6 years) finance with a dealership? If so any advice.

[Langsuan Man]

Your retirement Visa (extension of stay) means nothing to the dealer, you must have a Thai to guarantee the loan

[katabeachbum]

Your retirement Visa (extension of stay) means nothing to the dealer, you must have a Thai to guarantee the loan

your visa is of no interest to the financecompany

your cash flow in Thai bank account is. and some like to see a workpermit.

if your finances are good, you do not need a Thai to guarantee. to avoid Thai guarantor, cars usually require 25% down and 4x4 pickup/suv usually 40%, for first time buyers/loaners

as you have had some cars financed and always paid on time, you can be approved for zero down without Thai guarantor

[rucus7]

Your retirement Visa (extension of stay) means nothing to the dealer, you must have a Thai to guarantee the loan

your visa is of no interest to the financecompany

your cash flow in Thai bank account is. and some like to see a workpermit.

if your finances are good, you do not need a Thai to guarantee. to avoid Thai guarantor, cars usually require 25% down and 4x4 pickup/suv usually 40%, for first time buyers/loaners

as you have had some cars financed and always paid on time, you can be approved for zero down without Thai guarantor

Exactly right, I am currently financing (4 year) my vehicle, with no Thai guarantor. I put 44% down. I also have a Retirement type visa. They do seem more receptive to a person that is working, but a retirement visa is fine. Edit : SUV with 2 years to go on the note.

Edited November 8, 2011 by rucus7