I want to buy a pickup with my misus as guarantor. I have a WP.

I intend to pay 25% deposit and apply for car finance pay back each month for 5 yrs. Will the finance company ask me for criminal record check?

Also, if I pay out the finance prior to end of agreed term, is there a penalty for early repayment. I realise it could differ from company to company but maybe you could tell me about your contract...

thanks

Never heard of a police check been needed,

No, police check not needed. No penalty for earlier payment, if you're lucky you may even get a discount on the interest.

If lenders started requiring police checks..........who would they loan money to.

You may not need your wife as guarantor if you stump up 30% deposit and have a more than adequate salary and over 1 year pay slips.. This is the case with Toyota Leasing I understand..

No, police check not needed. No penalty for earlier payment, if you're lucky you may even get a discount on the interest.

Correct, no police check.

One or both (I can't recall now) of the previous car and motorcycle loans I did here required 50% of the remaining interest paid if you paid it off early.

Even with 20% down, the OP may get finance in his own name since he has a WP.

No, police check not needed. No penalty for earlier payment, if you're lucky you may even get a discount on the interest.

Correct, no police check.

One or both (I can't recall now) of the previous car and motorcycle loans I did here required 50% of the remaining interest paid if you paid it off early.

Yes, that's what I meant, a 50% discount, but also full payment is not an exception.

Even with 20% down, the OP may get finance in his own name since he has a WP.

In 2009 I financed a Toyota Yaris with no Thai guarantor with 40% down, which I was told was the minimum needed to finance with out a Thai person.

I bought a car less than a month ago, no mention of a police check, I have a work permit, I gave then a copy of two payslips, they told me 25% is the minimum deposit for a foreigner, no Thai guarantor. Like any where in the world finance works on a points system, how long have you been at the same address, how long have you worked at the same job. Don't know about paying it off early it is a lease agreement, I don't actually own the car the bank does so probably have to pay the full amount. Interest rate 2.6 %.