Long story short, I've been trying to buy a new pick up for about 1 million baht. Isuzu looked at my bank statements for the last 3 years in thailand, every month for the last 36 months is about 100,000 a month.

Basically i paid 5,000 baht and signed to buy the car and than i was transferred to finance by SCB.

Instantly they shot me down because i don't have a work permit, all i have is a marriage visa, 3 years of statements and tax returns from America.

SCB finance said that we can buy the car in my wife's name because they will take my statements and try to put us together like we share money.

Im nervous even though she is my wife anything can happen and ill be paying the 25 percent down and the 17,000 baht a month for 4 years.

They told me that if i put it in my wife's name we can get the car and when the car arrives at isuzu SCB finance will come and we can sign a paper where my wife writes that she sold the car to me and that i will be making the payment. Finance my wife and isuzu would sign off on it.

Im just wondering is this true? Is it still possible even if she signs this paper saying she already sold the car to me, the payments every month will still be in her name but after 4 years if she signs this paper once its paid off the car will be put into my name.

Does anyone have any experience with this? I trust my wife but I'm young and sometimes she has her crazy moments so i need some security.

Is this legit or just scb finance trying to trick me into this and at the end of the day of we split can she take the car from me because at the end of the day the financing is in her name

How legit is this paper she can sign stating the car is sold to me??

SCB already knows she cannot afford this car, and that all the paperwork is mine.

Thanks for the help!

My advice?

Forget it!

I could but don't think I'd want to loan you baht.

I asked if anyone has any experience with this, if it worked for them. Is this so called signing over the car at the beginning protects me..

Why you need to post stupid stuff to get your post count up?

If at any stage in the future you wanted to actually transfer the car to your name you will also need at a minimum a signed copy of your wife's ID card, so the transfer document on its own will not really be enough.

I did a similar thing many years ago in that I bought a car under somebody else's name (for visa reasons), along with a pre-signed transfer document. I did use that same transfer form several years later to successfully sell the car but also needed some additional supporting documents to get it through (signed copy of passport, visa, etc).

Of course nothing would be 100% full proof, I am sure if the wheels fell off badly the wife could go to DLT and deny all knowledge of the signed forms and insist the car is hers.

Go see a more friendly lender. According to posts I've seen here over the years, you should have no problems getting the finance in your name with your wife only as the guarantor.

Other posters here should be able to provide some lender suggestions.

If you’re nervous about the car being in your wife’s name I would suggest you give it a miss. that is until you can get a loan in your name

I have financed vehicles purchased in my name with no problem. The loan papers were countersigned by my wife who does not work.

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Can't remember now but doesn't the ride belong to the finance company and they hold the blue book and possibly there is the finance company written in it as owners until it is paid for. ?

Can't remember now but doesn't the ride belong to the finance company and they hold the blue book and possibly there is the finance company written in it as owners until it is paid for. ?

Yes, the finance company holds the book. So if there are signed documents stating that the transfer will be done in his name, not hers, I would trust the finance company in this.

Thanks Steven for your reply.

Yes the finance company will be holding the book with the paper signed stating it's my car, also I'll take photographs and videos of the signing. They hold the book until the car is paid off.

I'm not a cheap Charlie just being safe, if I was to buy a car in my wife's name id buy her something small and cheap.

This is life I prefer if I am spending the money that I have the security.

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If you want security, get a dog.

You might be able to secure finance if you place down a larger deposit (50%) and use a Thai with a job (Wife ?) as Guarantor.

(apologies off topic): I understand that many of the cynics on this forum put the fear into many in a relationship, but I'm wondering why you can't trust your wife with a car and if it was in her name you'd buy her something small and cheap !.... If the relationship is that questionable, why have a Wife at all ?

With that sort of monthly income, seems a shame you can't wait a bit, save the money, and buy outright, avoiding interest payments in the process.

If necessary, look at something a bit cheaper. 1 million for a pickup strikes me as being quite a lot. 800,000 should get you something pretty decent with four doors i would have thought. No?

I understand that many of the cynics on this forum put the fear into many in a relationship, but I'm wondering why you can't trust your wife with a car and if it was in her name you'd buy her something small and cheap !.... If the relationship is that questionable, why have a Wife at all ?

Why do millions of people have prenups then?

I don't think it is about not trusting his wife, but about being realistic about the fact that relationships do fail. People who take the attitude that that won't happen to them, because they love their wife and their wife loves them, are being a bit naive in my opinion, and i have no doubt, of all the thousands of people who got divorced in the last month, a good percentage on them thought that it would never happen to them too.

I understand that many of the cynics on this forum put the fear into many in a relationship, but I'm wondering why you can't trust your wife with a car and if it was in her name you'd buy her something small and cheap !.... If the relationship is that questionable, why have a Wife at all ?

Why do millions of people have prenups then?

I don't think it is about not trusting his wife, but about being realistic about the fact that relationships do fail. People who take the attitude that that won't happen to them, because they love their wife and their wife loves them, are being a bit naive in my opinion, and i have no doubt, of all the thousands of people who got divorced in the last month, a good percentage on them thought that it would never happen to them too.

Bought my truck in my name so I had a place to sleep if the . Called insurance............. ...........

I understand that many of the cynics on this forum put the fear into many in a relationship, but I'm wondering why you can't trust your wife with a car and if it was in her name you'd buy her something small and cheap !.... If the relationship is that questionable, why have a Wife at all ?

Why do millions of people have prenups then?

I don't think it is about not trusting his wife, but about being realistic about the fact that relationships do fail. People who take the attitude that that won't happen to them, because they love their wife and their wife loves them, are being a bit naive in my opinion, and i have no doubt, of all the thousands of people who got divorced in the last month, a good percentage on them thought that it would never happen to them too.

Which is fair enough when protecting property or other investments which could be at risk...

...But a car ?...

If you married at the Amphur office it won't matter whose name it is in.

It will be considered a joint marital asset, as it's paid for on finance during the marriage, you can't even argue that the money used was entirely yours.

Also

As you are married, you can't enter into any binding contracts with your wife, so a bill of sale, worthless.

Doesn't really matter whose name it is in. If you divorce in Thailand it's always a 50/50 split of all assets obtained during marriage. Not difficult to enforce, I know from experience, I got half my house back after my divorce, even though she got a lawyer and tried to screw me.

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You need to consider all your options. Have you talked to a lawyer about it?

If you married at the Amphur office it won't matter whose name it is in.

It will be considered a joint marital asset, as it's paid for on finance during the marriage, you can't even argue that the money used was entirely yours.

Also

As you are married, you can't enter into any binding contracts with your wife, so a bill of sale, worthless.

I know a guy who's house and truck were in her name. She came home one day with the BiB . She showed the blue books for house and truck in her name and the BiB told him to leave. Bigger story but the blue books ruled until many months later in court. .

Thanks for all the helpful replies!!!

Made my decision to go with a second hand 2011 triton paid straight for it.

Thanks for all the helpful replies yeah at the end of the day it was risky!! Sorry to some of ya but I don't plan on buying land or a business!!

I trust my wife, but at the end of the day I'm in my early 20's and anything can happen!!!

I've seen to many posts from people twice my age mid 40s loosing everything there house business and car and I bet things would have been better if they at least got to keep the car!!!

Back home in America everyone I know keeps the car In their name, wife's and teenagers car!

Thanks for all the replies!

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If you married at the Amphur office it won't matter whose name it is in.

It will be considered a joint marital asset, as it's paid for on finance during the marriage, you can't even argue that the money used was entirely yours.

Also

As you are married, you can't enter into any binding contracts with your wife, so a bill of sale, worthless.

I know a guy who's house and truck were in her name. She came home one day with the BiB . She showed the blue books for house and truck in her name and the BiB told him to leave. Bigger story but the blue books ruled until many months later in court. .

Surprised the police would get involved in a domestic dispute involving joint assets.

Normally they don't.

If you married at the Amphur office it won't matter whose name it is in.

It will be considered a joint marital asset, as it's paid for on finance during the marriage, you can't even argue that the money used was entirely yours.

Also

As you are married, you can't enter into any binding contracts with your wife, so a bill of sale, worthless.

I know a guy who's house and truck were in her name. She came home one day with the BiB . She showed the blue books for house and truck in her name and the BiB told him to leave. Bigger story but the blue books ruled until many months later in court. .

Surprised the police would get involved in a domestic dispute involving joint assets.

Normally they don't.

If the wife has the blue book (s) at that point the police would not know that it was a domestic "community property" dispute, just a Thai against a Farang, doesn't take a rocket scientist to see who they are going to believe

If the wife has the blue book (s) at that point the police would not know that it was a domestic "community property" dispute, just a Thai against a Farang, doesn't take a rocket scientist to see who they are going to believe

As I tried to say before, Thai police rarely want to be involved in husband/wife interactions, even in extreme cases when the foreign husband has been beating the Thai wife. Not their business.

I would have told them to clear off, what are they going to do? Shoot you?