BabyJebus Posted August 17, 2012 Share Posted August 17, 2012 I was wondering if there was a way in Thailand to sell your car under a loan and keep paying per month yourself after it's been transferred to a new owner? I did it back home 9 years ago, must be possible here? Link to comment Share on other sites More sharing options...
anon210 Posted August 17, 2012 Share Posted August 17, 2012 That is just me, but I am afraid you are asking for something too complex and too extraordinary for this to be accepted in Thailand. Link to comment Share on other sites More sharing options...
overherebc Posted August 17, 2012 Share Posted August 17, 2012 Why not try on the following lines if the buyer has the income to qualify for the remaining monthly payments. Buyer gets approval from the finance company to take over the payments and gives you a lump sum that you both agree on Link to comment Share on other sites More sharing options...
stevenl Posted August 17, 2012 Share Posted August 17, 2012 "I was wondering if there was a way in Thailand to sell your car under a loan and keep paying per month yourself after it's been transferred to a new owner?" The bluek book will be in the name of the finance company under the loan. So it is not in your name, and you can sell it to anybody you like, you will still be responsible for the payments. However, the new owner will not be in the blue book till the loan is paid of, so as a new owner I would not accept this construction. Link to comment Share on other sites More sharing options...
BabyJebus Posted August 17, 2012 Author Share Posted August 17, 2012 "I was wondering if there was a way in Thailand to sell your car under a loan and keep paying per month yourself after it's been transferred to a new owner?" The bluek book will be in the name of the finance company under the loan. So it is not in your name, and you can sell it to anybody you like, you will still be responsible for the payments. However, the new owner will not be in the blue book till the loan is paid of, so as a new owner I would not accept this construction. Yeah i figured that. Would have to look around mental hospitals to sell it that way then Link to comment Share on other sites More sharing options...
mogandave Posted August 17, 2012 Share Posted August 17, 2012 Why not take put a loan, pay the car off and sell it? Link to comment Share on other sites More sharing options...
overherebc Posted August 17, 2012 Share Posted August 17, 2012 Why not take put a loan, pay the car off and sell it? That's the easy way, but, Thai finance companies add up the remaining total, all outstanding payments, and if you're lucky they will offer you maybe 5000 baht discount. God forbid they should do you a favour. Link to comment Share on other sites More sharing options...
ThaidDown Posted August 17, 2012 Share Posted August 17, 2012 Why not try on the following lines if the buyer has the income to qualify for the remaining monthly payments. Buyer gets approval from the finance company to take over the payments and gives you a lump sum that you both agree on Yes that's the way its done. Current buyer asks finance co. and give details of new buyer, if approved he can take over payments. New buyer gives current buyer a lump sum. May be a small charge for transfer. As said, blue book is in finance company's name already. When loan paid off blue book is transferred to the new buyer. Note, if new buyer fails to complete the loan there is no comeback for the first buyer. Link to comment Share on other sites More sharing options...
mogandave Posted August 17, 2012 Share Posted August 17, 2012 Why not take put a loan, pay the car off and sell it? That's the easy way, but, Thai finance companies add up the remaining total, all outstanding payments, and if you're lucky they will offer you maybe 5000 baht discount. God forbid they should do you a favour. They do you a favor when they loan you money to buy the car, yes? When I loan them money they pay me for it. Link to comment Share on other sites More sharing options...
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