Loans for motorbikes (Kawasaki)

[bangkoklad1]

Hi!

Walking through a shopping mall that was having a promo for Kawasaki bikes.

I'm in love with nearly all of them, in particular the mor expensive ones Has any expat been given a financial loan to buy a motorbike in Bangkok? I work for a large company, own a condo here if that helps.

Thanks

[robblok]

It seems if you have a work permit stuff like that is possible.

[Wong!]

The usual is:

Copy of passport & visa
Copy of work permit
Bank statement (6 months)
Company affidavit (if business 'owner')

[Longtooth]

Be wary of a 6% loan from the dealer, and not the bank. It could be that they mean 6% of the original amount, forever until the loan is repaid, which would amount to about

19 1/2% per year if it were fully amortized in a four year loan.

Edited July 22, 2013 by Longtooth

[bangkoklad1]

Be wary of a 6% loan from the dealer, and not the bank. It could be that they mean 6% of the original amount, forever until the loan is repaid, which would amount to about

19 1/2% per year if it were fully amortized in a four year loan.

Good to know. Some of the motorbikes Ive seen are damn fine... just not sure if they are 19.5%/year fine

May just be a snoopi paid in cash then....

[KRS1]

If you can get a citibank credit card, you can purchase a bike and get 18 months at 0% interest , after that it is 10.9% with good credit. Plus you can get mileage that would pay for half a plane ticket back home. Payments for a $5000 usd purchase would be about $100 per month, until the end of the interest free period.

[thaicbr]

Be wary of a 6% loan from the dealer, and not the bank.   It could be that they mean 6% of the original amount, forever until the loan is repaid, which would amount to about

19 1/2% per year if it were fully amortized in a four year loan.

Most loans here are % per year added at the beginning of the loan ie: 100k loan at 5% over 2 years would be 10% interest charge or 10k

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