bangkoklad1 Posted July 20, 2013 Share Posted July 20, 2013 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 Link to comment Share on other sites More sharing options...
robblok Posted July 20, 2013 Share Posted July 20, 2013 It seems if you have a work permit stuff like that is possible. Link to comment Share on other sites More sharing options...
Wong! Posted July 20, 2013 Share Posted July 20, 2013 The usual is: Copy of passport & visaCopy of work permitBank statement (6 months)Company affidavit (if business 'owner') Link to comment Share on other sites More sharing options...
Longtooth Posted July 22, 2013 Share Posted July 22, 2013 (edited) 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 Link to comment Share on other sites More sharing options...
bangkoklad1 Posted July 22, 2013 Author Share Posted July 22, 2013 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.... Link to comment Share on other sites More sharing options...
KRS1 Posted July 22, 2013 Share Posted July 22, 2013 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. Link to comment Share on other sites More sharing options...
thaicbr Posted July 22, 2013 Share Posted July 22, 2013 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 Sent from my i-mobile i-STYLE Q6 Link to comment Share on other sites More sharing options...
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