golf1here Posted September 9, 2014 Share Posted September 9, 2014 I was wondering what kind of proof of income was require when financing a motor bike or anything for that matter. Link to comment Share on other sites More sharing options...
chris2004 Posted September 10, 2014 Share Posted September 10, 2014 Don't try to finance a motorbike, the interest rates are crazy, like 2% a month. Unless you are talking about a big bike Ducati etc which has a a dealer financed low interest deal. You will almost certainly need a thai guarantor. Link to comment Share on other sites More sharing options...
golf1here Posted September 10, 2014 Author Share Posted September 10, 2014 Thank you! Link to comment Share on other sites More sharing options...
konying Posted September 10, 2014 Share Posted September 10, 2014 Don't try to finance a motorbike, the interest rates are crazy, like 2% a month. Unless you are talking about a big bike Ducati etc which has a a dealer financed low interest deal. You will almost certainly need a thai guarantor. Sorry but your estimate of % are way off. Link to comment Share on other sites More sharing options...
konying Posted September 10, 2014 Share Posted September 10, 2014 OP, if you do not have WP, you would need a Thai guarantor and 25% down. Interest rate is around 7-8% per year, for expansive bikes or 13-17% on cheaper bikes. Interest also varies on how much down and how many years. Link to comment Share on other sites More sharing options...
WhamBam Posted September 10, 2014 Share Posted September 10, 2014 During a financially difficult period I went to a m/c dealer, paid 50% on the m/c and the rest in 2 monthly installments. No interest paid. He took a copy of my passport, my rented house contract and he kept the m/c documents and a spare key until I had paid it off. 1 Link to comment Share on other sites More sharing options...
CharlieH Posted September 10, 2014 Share Posted September 10, 2014 Motorcycle forum MOVED Link to comment Share on other sites More sharing options...
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