BUYING Vehicle - New VS Used

[Aldebaran1981]

Dear All,

There is a difference in the finance interest between NEW and USED cars right now in Bangkok right?

I've seen Honda and Nissan having 0% interest.

What are the downpayments and interest rates like for used cars?

I'm thinking of purchasing a Toyota Hiace Commuter.

Have seen the new and used prices.

Anyone knows if there is any 0% interest promo with Toyota?

[bkkjames]

New will usually require 25% down.

Used depends but interest rates up to 5% depend on down payment, credit, term

Sent from my LG-P970 using Thaivisa Connect Thailand mobile app

[WarpSpeed]

New will usually require 25% down.

Or more depending on visa and may require a Thai co-signer..

[IMHO]

Interest rates for used are always higher, as the repayments are subject to VAT, unlike new car finance. Also, new car finance rates are sponsored by the factory (out of their marketing budget), used car finance obviously doesn't get the same corporate sponsorship.

[bkkjames]

New will usually require 25% down.

Or more depending on visa and may require a Thai co-signer..

correct, if you look at all those ads for 0% down, in Thai at the very bottom you will usually see 25% down written in Thai.