Changing cars every year or 2 on finance?

[DraxNet]

Apologies if this is a repost, I've trawled the pages and can't see a repeat.

I've placed an order a few months back for a 3.2 Ranger WT (yes, I know; I've got at least a year). Question is, I want to change it every year or so because I do monster miles and don't want to devalue it massively. Has anyone here got experience with buying new, and then refinancing again with a new car a year or so later? Do you just reset the finance (assuming it's the same manufacturer brand and finance house) or does it have to paid in full same as UK to clear the balance?

Apologies, I have fair knowledge of finance but rather limited of Thai finance procedures!

[ignis]

Change mine every 3 years or at 400,000 km, so has been less then 3 years some times, until this last change always had a D-Max, but this time went with Mazda........ still the same the dealer did everything, gives an offer for old truck, phones finance to see what is still outstanding, arranges the new finance, got a nice cash sum back this time..

[DraxNet]

Change mine every 3 years or at 400,000 km, so has been less then 3 years some times, until this last change always had a D-Max, but this time went with Mazda........ still the same the dealer did everything, gives an offer for old truck, phones finance to see what is still outstanding, arranges the new finance, got a nice cash sum back this time..

You don't need to stump up a lump sum deposit to change then?

[ignis]

For me the money offered for old truck takes care of that, and last time was over 100k lump sum back which was nice.

Depends on Make, on deals, and what is offered and down payment........ some 10% up to 30% or more down payment.. if you get a good and low interest rate you are paying more off as the interest is low... Have always done the same try a few different dealerships, same make dealership a few km up the road may give a very different offer/deal or interest rate

Not to good on this but as I see it and it was explained, finish a finance contract early you still have to pay the interest to end, even if it is only a part of the remaining months, so if you are paying low interest to start with your not paying so much interest extra on something you are getting rid of..

I do remember seeing Ford offering 25% down and 3 or 4 years with 0% interest

[Ace of Pop]

So what are Thai interest rates like compared with the World.?. If one looks at the Average Income here,they were astronomical last time a Thai Friend ran them past me a few years back. .

[IMHO]

So what are Thai interest rates like compared with the World.?. If one looks at the Average Income here,they were astronomical last time a Thai Friend ran them past me a few years back. .

As a guide, 2.5% flat rate over 4 years is the same as 4.75% APR over the same duration.

[ignis]

So what are Thai interest rates like compared with the World.?. If one looks at the Average Income here,they were astronomical last time a Thai Friend ran them past me a few years back. .

Found is not a lot of difference between here and UK

There are deals, even within the same make and model at a different dealership.. makes a difference often on what 'down payment' is being made.. have noticed that buy 2nd hand often is far more than 4%

As said before there are deals with 0% interest, my deal on the truck was under 1% + the dealership offered over 60,000 baht more for the old truck and a down payment of 20%, [dealership some 600 KM from home !!] the old truck was 15% down and interest @ 1.19%

It is worth spending a day or 3 to check different dealerships and there offers, as with most things you sometime find a good salesman and he will search at length to find a good deal, but mostly the deals are printed of a sheet of paper in the model info at a dealership and the sales person has little interest in customers