Buying A Car In Thailand

[djbarry]

hi there! i am thinking of upgrading my car from an old honda civic (1995) to something more modern, like for around 450k thb..can anyone tell me if i can i can get a loan, or pay a percentage on the car down without having a thai garauntore... ive been working here for years now, and ve got all the paperwork, permits & what have ya...

i would appreciate some answers...thanx

David J Barry

[craigt3365]

I think you might do better with this over in the Motoring forum. OK? Let's try....

Topic Moved.

[MoonRiverOasis]

450K Baht puts you in eco-car territory, and there's some great options there now and/or coming very soon.

If you have a work permit, proper visa, and at least 6 months bank book history showing salary deposits, finance on your own is very possible.

You will need:

• 25% - 40% down payment (depending on lender) in order to not need a Thai guarantor (your '95 Civic can be traded-in as partial? payment for this)
  
• Your monthly finance repayments should not exceed 25% of your salary (for first finance w/out guarantor)
  
• A small mountain of photo copies
  

Other than that, all you'll need is a sales person that understands the rules for expat worker finance, and who has enough motivation to want to see your deal through

Note, you do not need to have life insurance, no matter what they try to tell you (common scam).

[djbarry]

thanx..i appreciate the info

[richard_smith237]

450K Baht puts you in eco-car territory, and there's some great options there now and/or coming very soon.

If you have a work permit, proper visa, and at least 6 months bank book history showing salary deposits, finance on your own is very possible.

You will need:

• 25% - 40% down payment (depending on lender) in order to not need a Thai guarantor (your '95 Civic can be traded-in as partial? payment for this)
  
• Your monthly finance repayments should not exceed 25% of your salary (for first finance w/out guarantor)
  
• A small mountain of photo copies
  

Other than that, all you'll need is a sales person that understands the rules for expat worker finance, and who has enough motivation to want to see your deal through

Note, you do not need to have life insurance, no matter what they try to tell you (common scam).

+1. TV.com should make the above an automated reply to this queston which crops up frequently. Perfect response IMO.