kraxlhuber Posted November 27, 2016 Share Posted November 27, 2016 My wife told me that it is impossible in Thailand for a foreigner to get a loan on his car in Thailand from a financing company? Any experience? I need some money for my upcoming visa requirement. Link to comment Share on other sites More sharing options...
Anthony5 Posted November 27, 2016 Share Posted November 27, 2016 If I would get 100 Baht for every foreigner that has his car financed in Thailand in his name, I would be a rich man. But I now see your last line. I think that mean you already have a car, and want to borrow on it? That's another story of course Link to comment Share on other sites More sharing options...
MikeyIdea Posted November 27, 2016 Share Posted November 27, 2016 Should be no problem at all if the car really is in your name = no loans. Just bring the book and go to "money stuck to the wheels" they will be happy to rip you off by giving you money, after they have transferred the car to their company name. Interests are at max of what is legally allowed of course and fixed costs are not low as they don't want people who just borrow little Borrow money to buy a car: No problems at all if you have history. I was offered loans at both Toyota and Ford without Thai guarantee within the same day. Anthony: Does that count for one hundred or two hundred baht? :) Several consecutive work permits and decent salary is what is needed, emphasis on the several rather than good salary Mikey Link to comment Share on other sites More sharing options...
Anthony5 Posted November 27, 2016 Share Posted November 27, 2016 3 minutes ago, MikeyIdea said: Should be no problem at all if the car really is in your name = no loans. Just bring the book and go to "money stuck to the wheels" they will be happy to rip you off by giving you money, after they have transferred the car to their company name. Interests are at max of what is legally allowed of course and fixed costs are not low as they don't want people who just borrow little Borrow money to buy a car: No problems at all if you have history. I was offered loans at both Toyota and Ford without Thai guarantee within the same day. Anthony: Does that count for one hundred or two hundred baht? :) Several consecutive work permits and decent salary is what is needed, emphasis on the several rather than good salary Mikey I never worked a day in my life in Thailand, actually not much more in the west either :-), but I have had 3 car finances in the past. All issued within 24 hours after applying and Thai guarantee was always one or another BG that just happened to be around. Link to comment Share on other sites More sharing options...
maoro2013 Posted November 28, 2016 Share Posted November 28, 2016 Isuzu refused to register a vehicle in my name even when I paid cash. I believe this was total BS, but I was a bit new at the time. The sales person said I had to have lived here for five years. Link to comment Share on other sites More sharing options...
Pib Posted November 28, 2016 Share Posted November 28, 2016 I read the OP as he wants wants to use his car (that he already owns) as collateral to get a loan for an upcoming Visa requirement.....and not get a loan to buy/finance a car. I would think a finance company would indeed accept his car as collateral on a personal loan. Probably a half dozen loan sharks in his area would do the same except the interest rate would be HIGH and failure to pay on time can incur frequent, unpleasant visits by angry people. Link to comment Share on other sites More sharing options...
Grubster Posted November 28, 2016 Share Posted November 28, 2016 3 hours ago, maoro2013 said: Isuzu refused to register a vehicle in my name even when I paid cash. I believe this was total BS, but I was a bit new at the time. The sales person said I had to have lived here for five years. Yes that was BS and could have been influenced by somebody. Link to comment Share on other sites More sharing options...
bark Posted November 28, 2016 Share Posted November 28, 2016 24 minutes ago, Grubster said: Yes that was BS and could have been influenced by somebody. The Hand of God ? Link to comment Share on other sites More sharing options...
bushdoctor Posted November 28, 2016 Share Posted November 28, 2016 I use a visa company to help me with the monetary requirements for my retirement visa. I haven't had a problem. Link to comment Share on other sites More sharing options...
Mansell Posted November 28, 2016 Share Posted November 28, 2016 From what I have heard from friends you can get the visa company to front you the money you need while they get you a visa. I am sure there are folks on here who would know the specifics. Link to comment Share on other sites More sharing options...
smccolley Posted November 28, 2016 Share Posted November 28, 2016 Since living in Thailand I have gotten a loan from Thanachart bank to both purchase a used truck and get a loan on a used truck. The truck was in my name and at the time I did not have a work permit. Interest rates were fine and no hassle on the paperwork. I'd ask a few banks before thinking it was impossible. Link to comment Share on other sites More sharing options...
saakura Posted November 28, 2016 Share Posted November 28, 2016 7 hours ago, Mansell said: From what I have heard from friends you can get the visa company to front you the money you need while they get you a visa. I am sure there are folks on here who would know the specifics. Is it legally allowed and also, the visa company will put money in your name without any collateral, for just a fat fee, and i presume they take back the money the instant visa is issued? Link to comment Share on other sites More sharing options...
MikeyIdea Posted November 29, 2016 Share Posted November 29, 2016 12 hours ago, smccolley said: Since living in Thailand I have gotten a loan from Thanachart bank to both purchase a used truck and get a loan on a used truck. The truck was in my name and at the time I did not have a work permit. Interest rates were fine and no hassle on the paperwork. I'd ask a few banks before thinking it was impossible. Yes, with Thai guarantee should be no problem and I've been offered it without guarantee too There is so much information floating around on TV that simply is not true... Link to comment Share on other sites More sharing options...
balo Posted November 29, 2016 Share Posted November 29, 2016 If you're that short of money that you can't even pay for a visa I would sell the car asap. Link to comment Share on other sites More sharing options...
the donger Posted November 29, 2016 Share Posted November 29, 2016 Hi, I know several people that have got finance on cars and motorcycles in Thailand. They were all working full time for several years, decent salary (70k/month appears to be minimum accepted), already had a good credit history (from credit cards), so if you are in a stable position it is definitely possible. I asked one friend and he said he provided payslips and bank book as proof of his financial situation. The time you have been here is very important, I was declined for even a basic Standard Chartered credit card because I only worked here 2 years. Link to comment Share on other sites More sharing options...
kraxlhuber Posted December 5, 2016 Author Share Posted December 5, 2016 On 11/27/2016 at 11:14 AM, Anthony5 said: If I would get 100 Baht for every foreigner that has his car financed in Thailand in his name, I would be a rich man. Yes I need the money to get a extension of my retirement visa and also pay the University fee for another 6 months, I hav.e the minmum for the married visa 40000 K Baht, maybe I can borrow from you? Tongue in Cheek On 11/27/2016 at 11:14 AM, Anthony5 said: But I now see your last line. I think that mean you already have a car, and want to borrow on it? That's another story of course Link to comment Share on other sites More sharing options...
kraxlhuber Posted December 5, 2016 Author Share Posted December 5, 2016 Just now, kraxlhuber said: Yes I need the money to get a extension of my retirement visa and also pay the University fee for another 6 months, I hav.e the minmum for the married visa 40000 K Baht, maybe I can borrow from you? Tongue in Cheek On 11/27/2016 at 11:14 AM, Anthony5 said: If I would get 100 Baht for every foreigner that has his car financed in Thailand in his name, I would be a rich man. But I now see your last line. I think that mean you already have a car, and want to borrow on it? That's another story of course Just now, kraxlhuber said: Yes I need the money to get a extension of my retirement visa and also pay the University fee for another 6 months, I hav.e the minmum for the married visa 40000 K Baht, maybe I can borrow from you? Tongue in Cheek I need cash money for whatever reason, I have a new owned and registered (3 year old Pajero SUV) as colleteral, and the wife said I cannot as foreigner get a loan in Thailand , unless she or another Thai person acts as guarantor I have now the new ThaiID card for foreigners and a Yellow Tabian Baan book, live in Thailand for 30 years Link to comment Share on other sites More sharing options...
Anthony5 Posted December 5, 2016 Share Posted December 5, 2016 5 minutes ago, kraxlhuber said: Yes I need the money to get a extension of my retirement visa and also pay the University fee for another 6 months, I hav.e the minmum for the married visa 40000 K Baht, maybe I can borrow from you? Tongue in Cheek Of course you can, my name is Mr Mueller. Link to comment Share on other sites More sharing options...
Anthony5 Posted December 5, 2016 Share Posted December 5, 2016 2 minutes ago, kraxlhuber said: I need cash money for whatever reason, I have a new owned and registered (3 year old Pajero SUV) as colleteral, and the wife said I cannot as foreigner get a loan in Thailand , unless she or another Thai person acts as guarantor I have now the new ThaiID card for foreigners and a Yellow Tabian Baan book, live in Thailand for 30 years That is correct, you will always need a Thai guarantor. Your Thai ID card and yellow book are both just a proof of address, nothing more. Link to comment Share on other sites More sharing options...
kraxlhuber Posted December 5, 2016 Author Share Posted December 5, 2016 1 hour ago, Anthony5 said: That is correct, you will always need a Thai guarantor. Your Thai ID card and yellow book are both just a proof of address, nothing more. Wrong, the Thai ID card gets you Thai rates of entry to public parks and venues and even at the local Hospitals they ask for the Campoo/ pink card and I get great discount on services and ++= and can be used instead of your passport for ID purposes, Police etc. Link to comment Share on other sites More sharing options...
kraxlhuber Posted December 5, 2016 Author Share Posted December 5, 2016 On 11/27/2016 at 11:14 AM, Anthony5 said: If I would get 100 Baht for every foreigner that has his car financed in Thailand in his name, I would be a rich man. But I now see your last line. I think that mean you already have a car, and want to borrow on it? That's another story of course Yes its my new car bought and fully paid, please elaborate about the "other story" Link to comment Share on other sites More sharing options...
Anthony5 Posted December 5, 2016 Share Posted December 5, 2016 3 hours ago, kraxlhuber said: Wrong, the Thai ID card gets you Thai rates of entry to public parks and venues and even at the local Hospitals they ask for the Campoo/ pink card and I get great discount on services and ++= and can be used instead of your passport for ID purposes, Police etc. Ok, you know everything better, so why start a thread with a question? No need to reply, you are on ignore already. Link to comment Share on other sites More sharing options...
MikeyIdea Posted December 6, 2016 Share Posted December 6, 2016 20 hours ago, Anthony5 said: That is correct, you will always need a Thai guarantor. Your Thai ID card and yellow book are both just a proof of address, nothing more. No, you do no always have to provide a guarantor, I actually don't see a difference if it is Thai or westerner really. Most Thai's as well as westerners require guarantor but it is at the end of the day up to the evidence you provide. I showed p.n.d.91 tax return for the last 5 years and 16 years consecutive work permits and was offered loan without guarantor at both Toyota and Ford Link to comment Share on other sites More sharing options...
Olik Posted December 14, 2016 Share Posted December 14, 2016 I like that Thanachart bank loan for foreigners. Any limit? Link to comment Share on other sites More sharing options...
SchadeBoy Posted December 16, 2016 Share Posted December 16, 2016 On 05/12/2016 at 11:47 AM, Anthony5 said: That is correct, you will always need a Thai guarantor. Your Thai ID card and yellow book are both just a proof of address, nothing more. No you dont always need a Thai guarantor Link to comment Share on other sites More sharing options...
SchadeBoy Posted December 16, 2016 Share Posted December 16, 2016 On 05/12/2016 at 11:43 AM, kraxlhuber said: I need cash money for whatever reason, I have a new owned and registered (3 year old Pajero SUV) as colleteral, and the wife said I cannot as foreigner get a loan in Thailand , unless she or another Thai person acts as guarantor I have now the new ThaiID card for foreigners and a Yellow Tabian Baan book, live in Thailand for 30 years And in 30 years you have never built up a credit history thereby negating the need for a Thai guarantor ? The ID card and Tabian have absolutely no bearing on what your trying to do and the vehicle is not new....its 3 years old Link to comment Share on other sites More sharing options...
kraxlhuber Posted April 9, 2017 Author Share Posted April 9, 2017 On 11/27/2016 at 11:39 AM, MikeyIdea said: Should be no problem at all if the car really is in your name = no loans. Just bring the book and go to "money stuck to the wheels" they will be happy to rip you off by giving you money, after they have transferred the car to their company name. Interests are at max of what is legally allowed of course and fixed costs are not low as they don't want people who just borrow little Borrow money to buy a car: No problems at all if you have history. I was offered loans at both Toyota and Ford without Thai guarantee within the same day. Anthony: Does that count for one hundred or two hundred baht? :) Several consecutive work permits and decent salary is what is needed, emphasis on the several rather than good salary Mikey Yeah Ngern Tit Lor as the Thais say, crooks, loan sharks and criminals are they, my wife had my car transferred to her name after she reported the registration book lost to the police ( the book was locked up in my safe all the time0 until she had to pay tax and LOSTthe book and had anew boom issued in her name and flocked the car, now she gave me back a fake booklet and the registration office says its a fake, how can you a fake car registration book, beats me must have some help from the motor vehicles office, the entrances of tax payment at the back of the registration booklet are handwritten and the dates of payment topsy turfy all crockery in Thailand, I never knew about the pages for paying taxes now I get my own car reposessed by the loan shark= financing company Ngern Tit Lor money sticks to the wheel I told them and my wife to BUGGER off I have now a lawyer to find proof of the forgery( he ask for 60. 000 baht for the job to report to the police tehe criminal act of a false statement ( she has the new reg, book in her name as she reported to he police SHE lost the old booklet which is a blatent lie as the original book was locked up in my safe she gets the maximum penalty, divorce, a fine for the crime and some years ( suspended) in jail or a nice stay at a hospital Link to comment Share on other sites More sharing options...
kraxlhuber Posted April 9, 2017 Author Share Posted April 9, 2017 On 12/16/2016 at 0:09 PM, SchadeBoy said: And in 30 years you have never built up a credit history thereby negating the need for a Thai guarantor ? The ID card and Tabian have absolutely no bearing on what your trying to do and the vehicle is not new....its 3 years old nitpicking eh? have you got a better advise yet? Link to comment Share on other sites More sharing options...
kraxlhuber Posted April 9, 2017 Author Share Posted April 9, 2017 Just now, kraxlhuber said: nitpicking eh? have you got a better advise yet? the car is 3 years old and has only 40 000 klix on the odometer and the interior fabric, seats etc was replenished as the rats got at it never park your car with a rain/ sun cover on it and have a shop make asteel coaming around the car to prevent entry of vermins NGERN TIT LOR, money stuck to the wheels are loansharks and money launderer but its legal in Thailand to ask for a financing of a car loan of 18 % interest and when the loan ( financing payout ) is made they transfer the car in their name without the real owner is asked and get even a new registration book in their name with a false power of attorney and a faked as it happened to me signature, Thailand - Fake land go the police and they say go to court and sue them but that costs real money and taked time by then the finance company has sold your car already to somebody unknown to you Link to comment Share on other sites More sharing options...
MikeyIdea Posted April 10, 2017 Share Posted April 10, 2017 6 hours ago, kraxlhuber said: Yeah Ngern Tit Lor as the Thais say, crooks, loan sharks and criminals are they, my wife had my car transferred to her name after she reported the registration book lost to the police ( the book was locked up in my safe all the time0 until she had to pay tax and LOSTthe book and had anew boom issued in her name and flocked the car, now she gave me back a fake booklet and the registration office says its a fake, how can you a fake car registration book, beats me must have some help from the motor vehicles office, the entrances of tax payment at the back of the registration booklet are handwritten and the dates of payment topsy turfy all crockery in Thailand, I never knew about the pages for paying taxes now I get my own car reposessed by the loan shark= financing company Ngern Tit Lor money sticks to the wheel I told them and my wife to BUGGER off I have now a lawyer to find proof of the forgery( he ask for 60. 000 baht for the job to report to the police tehe criminal act of a false statement ( she has the new reg, book in her name as she reported to he police SHE lost the old booklet which is a blatent lie as the original book was locked up in my safe she gets the maximum penalty, divorce, a fine for the crime and some years ( suspended) in jail or a nice stay at a hospital The normal Money Stuck to the Wheels process is to get signatures on letter of attorney and book from owner, give money and then transfer car to their company name. Thai's just sign blank letter of attorney forms... Not clear who the car is registered to right now (not in the book(s), in the computer, that's the deciding factor). Thai law recognise the "good/bad faith" concept = If the car still is in your name in the computers, then Money Stuck to the Wheels have no right to repossess and they must go after the wife. If it's in their name, then you have no legal right to stop them repossessing, they will take it one day and you must go after the wife On what you pay your lawyer for: Note that you also can pursue criminal charges in Thailand, not only the police. The police won't pursue criminal changes only because you provide them with evidence which leads us to the question: Are you paying for your court case or just for getting and handing over evidence to the police? The criminal fraud sections applicable in this case are compoundable according to Thai law = agreement can be reached and case dropped. If you want to punish the wife or get anywhere even, then you want to control the case more = sue yourself Legally married: You will find that assets indeed are shared 50/50 at a divorce trial. Question is what marital asset is. That car is yours only if it was in your name before you registered the marriage, otherwise it's only half yours. You can get the car included as asset at the divorce trial regardless of if she already sold it if you can prove criminal intent = you should start the criminal case first, then the divorce. A Thai lawyer will recommend the opposite but don't buy it. There will be no end to the haggling in family court without a criminal court case and most importantly, you'll probably never get any money without a criminal court case, possibly not with one either There is no way Criminal court will order a maximum sentence, she could end up with just a penalty. The criminal case is more to clear the path for a civil court case Good luck and don't trust your lawyer :) Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.