Does Thailand have a damaged or used car auction. Any information will be greatly appreciated.

Thank you all in advance.

They used to have one in Chiang Mai behind Carrefour. Not as you or I know car auctions though. The banks that repo'd the cars also bid against you....as usual the Thais put their own spin on it making it not such a fair deal

Manheim auctions

look up union car auctiones ,we have them in Pattaya and there are large auctiones in BKK

There is a large one that happens often on sukhapibhan 2 (where onnut meets lad krabang) hundreds of cars.

If there is an auction for damaged cars, make sure you spread a rumor about the car you want, that it killed some Thais, and the spirits have not left the car yet.

Nobody will bid for it.

The question to ask is, does Thailand have any laws regarding patching up wrecked cars and selling them as 'used never been in an accident'?

The answer to that will indicate the chances of finding a car which is declared 'damaged'.

Union Auction every Sunday at Klong 8 on the Rangsit-Ongkarak-Nakhon Nayok Road, Hwy 305

Motorcycles, too.

Mac

Moving to motoring.

Pattaya has a big one, cars are stored next to Pattaya Auction house all Repo's by Thanachart bank I assume as it has a few of their banners hanging around and in Udon on the ring road big car auction house. be lots about soon as the first car scheme folks start defaulting.

I've been to several auctions and I am amazed at the prices trade people pay for cars and pick-ups here. Complete shit-boxes going for ridiculous money.

http://www.union-auction.com/th/home/newwebdesign1/index.aspx#

http://www.kiatnakin.co.th/en/loan_customers/01_hire_purchase/car_auction.php

http://www.manheimthailand.com/static/html/auctiontour.html

Some on here too:

http://mister-kwai.com/foreclosure-thailand-bangkok.html


RAZZ

Edited April 26, 201313 yr by RAZZELL

I've been to several auctions and I am amazed at the prices trade people pay for cars and pick-ups here. Complete shit-boxes going for ridiculous money.

Only hearsay, but I was told that most cars at auctions have a high reserve price, so you are never going to get a bargain. I think the only way to get a car cheap is from a desperate falang.

The question to ask is, does Thailand have any laws regarding patching up wrecked cars and selling them as 'used never been in an accident'?

The answer to that will indicate the chances of finding a car which is declared 'damaged'.

Yes,,,,,,,,,,,,,,,,,,,,,,,The law of averages............that it may be..

The question to ask is, does Thailand have any laws regarding patching up wrecked cars and selling them as 'used never been in an accident'?

The answer to that will indicate the chances of finding a car which is declared 'damaged'.

It's really funny. I am always browsing taladrod, one2car, dealfish, etc., and every dealer Ad says "this car has never been in any flood, I promise, cross my heart and hope to die." Makes me wonder...where did all those flooded cars end up? No dealer is selling them....

Edited April 27, 201313 yr by keemapoot

The question to ask is, does Thailand have any laws regarding patching up wrecked cars and selling them as 'used never been in an accident'?

The answer to that will indicate the chances of finding a car which is declared 'damaged'.

There's no laws regarding how damaged a car has to be before it's considered unsalvageable - that's up to the determination of the insurance company, but there are definitely laws covering fraud, which is what you're asking.

If you're looking at something not too old that's always been insured 1st class, the easiest way to tell if it's had an accident is to look into the no claims bonus on the insurance policy...

I don't have a car, but it seems to me that for most of the car owners here, almost the entire car is actually owned by the bank, thus the owners need to get as high price as they can for the used one.

Again, I don't have a car here, so I am just guessing.

I've been to several auctions and I am amazed at the prices trade people pay for cars and pick-ups here. Complete shit-boxes going for ridiculous money.

Only hearsay, but I was told that most cars at auctions have a high reserve price, so you are never going to get a bargain. I think the only way to get a car cheap is from a desperate falang.

The choice of cars in LOS are very limited and todays farangs own mostly a vios, city, jazz, Hilux Pick,or a black Tuna. Tose are market cars and they are NEVER cheap. Even desperated farangs sale them to thee deallers, because those cars can be sold to Thais on finance. Finance companies give higher loans on credit, what farangs usually like to pay. Example. 08 Vios floormodel for 425'000 can be sold trought finance to some Thai Peaple with 0% doen paymennt (finance pay comission to the dealer as well). So why have to give it away for 300'k to a farang?