hotrod4098 Posted July 10, 2013 Share Posted July 10, 2013 any ideas Link to comment Share on other sites More sharing options...
wayned Posted July 10, 2013 Share Posted July 10, 2013 Most likely you will have to refinance under your own name. Link to comment Share on other sites More sharing options...
IMHO Posted July 10, 2013 Share Posted July 10, 2013 Some finance companies will allow the original borrower to novate an existing contract, some won't... You and the seller will need to discuss options with their finance company. Link to comment Share on other sites More sharing options...
NanLaew Posted July 10, 2013 Share Posted July 10, 2013 (edited) The car note was approved partially on the original buyers credit rating. The finance company may have a way of transferring the car note but a credit check on the new buyer would be carried out. Edited July 10, 2013 by NanLaew Link to comment Share on other sites More sharing options...
JoePai Posted July 11, 2013 Share Posted July 11, 2013 Have you asked the Finance Company what they require ? 1 Link to comment Share on other sites More sharing options...
hotrod4098 Posted July 11, 2013 Author Share Posted July 11, 2013 bit of a messy one..tried to talk with her,seems now she wants me to pay up the car,rather than transfer it..so i think she is trying to scam me in that i pay the finance up and she dont do the transfer.. win for her big loss for me..i for sure wont pay the car to find out i cant transfer it.. Link to comment Share on other sites More sharing options...
NanLaew Posted July 11, 2013 Share Posted July 11, 2013 bit of a messy one..tried to talk with her,seems now she wants me to pay up the car,rather than transfer it..so i think she is trying to scam me in that i pay the finance up and she dont do the transfer.. win for her big loss for me..i for sure wont pay the car to find out i cant transfer it.. Sounds like it. Then there will be all sorts of excuses why she cannot transfer ownership. Unless it's your wife or long time live-in (and even that may not be advisable), don't go buying cars for other people when you can easily buy your own. Link to comment Share on other sites More sharing options...
hotrod4098 Posted July 13, 2013 Author Share Posted July 13, 2013 hi all..lesson learnt...thanx for all replies...she has got to find it every month ..works out.12000..a month for 52 months...lot of cash... Link to comment Share on other sites More sharing options...
hotrod4098 Posted July 14, 2013 Author Share Posted July 14, 2013 well it kicked off to day..when told to change it over..got a lot of shit..was told you have the car ..pay cash 624000..thousand,then she will transfer it.. done a check on the value of the car 500000...thousand...so no way was it worth it.. so it looks like it goes back to the finance company... do they chase for any shortfall..when taken back Link to comment Share on other sites More sharing options...
anon210 Posted July 14, 2013 Share Posted July 14, 2013 well it kicked off to day..when told to change it over..got a lot of shit..was told you have the car ..pay cash 624000..thousand,then she will transfer it.. done a check on the value of the car 500000...thousand...so no way was it worth it.. so it looks like it goes back to the finance company... do they chase for any shortfall..when taken back Obviously. When repossessed, it means the loan is defaulted upon and the balance of the loan is sought from the borrower. Not to talk about possible penalties... But I am not familiar with repos here. In any case, while letting the car go back to repo, I suggest you let also the girlfriend go back to the dealer, as she seems intent on making a profit out of you. Link to comment Share on other sites More sharing options...
IMHO Posted July 15, 2013 Share Posted July 15, 2013 well it kicked off to day..when told to change it over..got a lot of shit..was told you have the car ..pay cash 624000..thousand,then she will transfer it.. done a check on the value of the car 500000...thousand...so no way was it worth it.. so it looks like it goes back to the finance company... do they chase for any shortfall..when taken back 624000 thousand? That's like 624,000,000 Baht - you are correct, definitely not worth it, no matter what it is Link to comment Share on other sites More sharing options...
hotrod4098 Posted August 19, 2013 Author Share Posted August 19, 2013 all sorted...she is keeping the car..but she did try a 50000..come see you..which would have taken the payments up to date...no way...she has to find it Link to comment Share on other sites More sharing options...
AnotherOneAmerican Posted August 19, 2013 Share Posted August 19, 2013 (edited) well it kicked off to day..when told to change it over..got a lot of shit..was told you have the car ..pay cash 624000..thousand,then she will transfer it.. done a check on the value of the car 500000...thousand...so no way was it worth it.. so it looks like it goes back to the finance company... do they chase for any shortfall..when taken back They chase both borrower and guarantor for about 10 years. During that 10 years neither can own land, property, vehicles or have money in bank accounts. Quite serious for a Thai, not really a big problem for a foreigner. Edited August 19, 2013 by AnotherOneAmerican Link to comment Share on other sites More sharing options...
anon210 Posted August 19, 2013 Share Posted August 19, 2013 all sorted...she is keeping the car..but she did try a 50000..come see you..which would have taken the payments up to date...no way...she has to find it I would suggest once again to let her go as well. She is clearly being dishonest and will try again if she can. Link to comment Share on other sites More sharing options...
hotrod4098 Posted October 1, 2013 Author Share Posted October 1, 2013 all sorted...she is keeping the car..but she did try a 50000..come see you..which would have taken the payments up to date...no way...she has to find it I would suggest once again to let her go as well. She is clearly being dishonest and will try again if she can. yes you are correct..she is gone and the car...som nam nar her Link to comment Share on other sites More sharing options...
hotrod4098 Posted October 2, 2013 Author Share Posted October 2, 2013 got a call to day...car is due no have money..from what i can tell is the guarantor..her cousin works for the government..so they wont it off the books so to speak.. its still got 4 years left to pay ..so both are liable... so thats why they wont it paid up...as of to day 576000..owing.. car is worth a lot less... i wont be paying.. Link to comment Share on other sites More sharing options...
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