Buy a new car in Thailand ownership and finance

[karl2007]

Hi,

 

Thinking about buying a new car and have been to a couple dealerships but have had different advice in both on buying.

 

The car I am thinking about is the new Mazda 2 hatchback 1.3 high pass. I can only afford to put down the 25% and the rest will come with finance. Currently there is a 0% finance.

 

I currently working in an international IT company so I have my driving license, work permit and salary slips.

 

1 dealer said I can get the finance with my current set of documents without any problem.

Another dealer said I will need to get a local Thai person to guarantee the finance and will also co-own the car (this would be difficult)

 

Does anyone have any idea about this?

 

 

 

 

 

[stevenl]

Guarantor does not co own.

[Anon999]

Do you know any Thai that will act as a guarantor?? 

[SpeakeasyThai]

Keep it simple. Buy a push bike.

[richard_smith237]

I suspect both are correct. 

 

Although you are more likely to be approved financing with a Thai Guarantor.

 

It may be an option to apply for both types of finance (i.e. apply before placing any deposit) and chose the option you prefer. 

 

Note: A Guarantor does not own the car - the Finance company owns the car until full payments have been made. The Guarantor co-owns the dept and is responsible should you fall short. 

Edited February 2, 2017 by richard_smith237

[Odin Norway]

You will have problems to get the finance done without a thai involved.I tried to get the car in my own name with a finance but only some car-names would do that and ofcourse not the car I wanted.So we ended up putting it in my girlfriends name.Not my choice but the only chance for me to get the car I wanted.We asked in Mazda also but they said no finance for foreigners.Maybe it can work for you when you have a job and payslip from Thailand..Chevrolet have finance for foreigners.

 

Good luck

[stevenl]

You will have problems to get the finance done without a thai involved.I tried to get the car in my own name with a finance but only some car-names would do that and ofcourse not the car I wanted.So we ended up putting it in my girlfriends name.Not my choice but the only chance for me to get the car I wanted.We asked in Mazda also but they said no finance for foreigners.Maybe it can work for you when you have a job and payslip from Thailand..Chevrolet have finance for foreigners.
 
Good luck

All brands have finance for foreigners.

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[Odin Norway]

1 minute ago, stevenl said:

All brands have finance for foreigners.

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Nice to see that someone know everything.

[stevenl]

Nice to see that someone know everything.

Far from it, just correcting some incorrect information.

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[nickmondo]

then use the dealer that says you can get it with your current paperwork!!!!

duhhhhhh

[Henryford]

Before christmas i tried to buy a Mazda 2 with finance. Tried 2 dealerships and they just gave me the runaround and no deal. Bought a Mitsubishi.

[mikecha]

buy a second hand and save for a new one 

[ChesneyHawkes]

Bought a new car with financing, first time I got a car financed in Thailand. 25% down and no guarantor required. Documents I gave were passport, work permit, certified income letter from HR and my driving license.