How To Take Over A Loan From A Vendor ?

[JohanBKK]

Hello,

I would like to buy a car but it has a pending loan, the best would be me paying that loan from the vendor. Is that possible ? I have no revenues in Thailand, my company is in Hong Kong.

Thanks.

[juliusk]

It depends if you have a WP and how much downpayment you will do, maybe a extra downpayment will help with taking over the loan?

Which kind of company is the current vendor using? And what kind of car is it

[JohanBKK]

SLK200, i have no work permit, my company is in Hong Kong. I don't know what company he's using, i don't want to contact him if i can't take over the payments.

[commande]

SLK200, i have no work permit, my company is in Hong Kong. I don't know what company he's using, i don't want to contact him if i can't take over the payments.

If you want to finance the car or take over payments which is the same as financing in Thailand than you need to contact a bank here in Thailand. My understanding though is that unless you live and work here legally a bank wont give you a loan on anything. If your married to a Thai and she works you can use your combined income to get a loan in Thailand. If she doesn't work than your probably out of luck.

Sometimes Thai's will let you pay them the monthly payments while they continue to hold the loan, you just sign a private contract with them that states when your done paying for the car they transfer it into your name. Being your a foreigner they might not do this for you but never hurts to ask, it's actually not that uncommon. Other option, the best option, just pay cash for the car.