rendos Posted March 10, 2017 Share Posted March 10, 2017 >I have been paying a toyota hilux bougth from a thai owner for the passed year with an agreement that i should find a guarantor for the finance by January (6 months after). Unfortunately i have found out now how hard it is to find such person.The thai owner is now threatening me that he will take the car back and im not going to get any money back for my payments for one year. What are my rights regarding this matter should that threat actually occur? Thanks for all the helpRendosSent from my SM-T819Y using Thaivisa Connect mobile app Link to comment Share on other sites More sharing options...
Crossy Posted March 10, 2017 Share Posted March 10, 2017 Do you have any form of written agreement? Car in your name? Sounds like you've been renting the car. Link to comment Share on other sites More sharing options...
rendos Posted March 10, 2017 Author Share Posted March 10, 2017 Yes we have a contract, not notarized though, both parties signed with ID'S printed and signed. The finding a guarantor part was verbally done and in a nice mood, i help you, you help me sort of thing. Now they complain that they need to finance something and they can't because i havent found a guarantor for the finance of the car. So its still under their name. Sent from my SM-T819Y using Thaivisa Connect mobile app Link to comment Share on other sites More sharing options...
VocalNeal Posted March 10, 2017 Share Posted March 10, 2017 No one is going to countersign your loan? Sounds like a set up from the beginning. Link to comment Share on other sites More sharing options...
CharlieH Posted March 10, 2017 Share Posted March 10, 2017 Post removed. No more suggestions of illegal activity please Link to comment Share on other sites More sharing options...
manarak Posted March 10, 2017 Share Posted March 10, 2017 dodgy arrangement since the beginning. Link to comment Share on other sites More sharing options...
bangkokorbust Posted March 10, 2017 Share Posted March 10, 2017 Just accept you rented the car and time to hand it back now Sent from my Redmi Note 3 using Tapatalk Link to comment Share on other sites More sharing options...
MINIMIGLIA Posted March 10, 2017 Share Posted March 10, 2017 Just get a bank loan to clear the original loan Link to comment Share on other sites More sharing options...
Dagnabbit Posted March 11, 2017 Share Posted March 11, 2017 So you signed a contract, didnt keep up your end.His actions are quite reasonable.Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Gary A Posted March 11, 2017 Share Posted March 11, 2017 Possibly if you post the year of the truck, condition, location, how much you owe and how much interest you are paying, Someone here may be willing to pay it off, then you can continue to make payments to that person. Link to comment Share on other sites More sharing options...
NanLaew Posted March 11, 2017 Share Posted March 11, 2017 2 hours ago, Gary A said: Possibly if you post the year of the truck, condition, location, how much you owe and how much interest you are paying, Someone here may be willing to pay it off, then you can continue to make payments to that person. But it's a Hilux. Link to comment Share on other sites More sharing options...
rendos Posted March 14, 2017 Author Share Posted March 14, 2017 Possibly if you post the year of the truck, condition, location, how much you owe and how much interest you are paying, Someone here may be willing to pay it off, then you can continue to make payments to that person.Toyota hilux smartcab 2.6 vnturbo TRD 2014. Sligthly used as test drive car at toyota. Paying 11, 257.00 per month for another 59 months. Lets see what some one has to offer.Sent from my SM-T819Y using Thaivisa Connect mobile app Link to comment Share on other sites More sharing options...
Gary A Posted March 14, 2017 Share Posted March 14, 2017 It was just an idea. Unfortunately it appears that you owe more than it is worth. Sorry. Link to comment Share on other sites More sharing options...
JAS21 Posted March 14, 2017 Share Posted March 14, 2017 2 hours ago, Gary A said: It was just an idea. Unfortunately it appears that you owe more than it is worth. Sorry. I agree about the value ...if he takes it back is the deal cancelled. If so ' bite his hand off' ...and buy something for whatever cash you have ...I have a very nice Mazda Lantis for sale ... Link to comment Share on other sites More sharing options...
HooHaa Posted March 14, 2017 Share Posted March 14, 2017 12 grand a month is a pretty reasonable rental rate. Id hand it back to him with pleasure. as others have stated its not worth what you owe. Link to comment Share on other sites More sharing options...
canthai55 Posted March 14, 2017 Share Posted March 14, 2017 Not much info re: what model it is, but 12car have 2014 starting at 399K - some in high 5's so 660 K too much. Make sure the tank is empty, and truck dirty, when you give it back 555 Link to comment Share on other sites More sharing options...
naboo Posted March 14, 2017 Share Posted March 14, 2017 Hand it back! Those payments are mad for a three year old truck. Buy same truck new for the same cost. Link to comment Share on other sites More sharing options...
mortenaa Posted March 15, 2017 Share Posted March 15, 2017 Wow, u rented that truck very cheap. You should be happy! :D Link to comment Share on other sites More sharing options...
Destiny1990 Posted March 16, 2017 Share Posted March 16, 2017 U need to do such a construction with a Thai car finance company not with a private person. Link to comment Share on other sites More sharing options...
SOTIRIOS Posted March 16, 2017 Share Posted March 16, 2017 ....wasn't that the idea from the beginning...??? Link to comment Share on other sites More sharing options...
louse1953 Posted March 16, 2017 Share Posted March 16, 2017 On 10/03/2017 at 1:36 PM, rendos said: Yes we have a contract, not notarized though, both parties signed with ID'S printed and signed. The finding a guarantor part was verbally done and in a nice mood, i help you, you help me sort of thing. Now they complain that they need to finance something and they can't because i havent found a guarantor for the finance of the car. So its still under their name. Sent from my SM-T819Y using Thaivisa Connect mobile app Their name,their car.You can't hold up your end of the deal. Link to comment Share on other sites More sharing options...
louse1953 Posted March 16, 2017 Share Posted March 16, 2017 On 11/03/2017 at 5:27 PM, Gary A said: Possibly if you post the year of the truck, condition, location, how much you owe and how much interest you are paying, Someone here may be willing to pay it off, then you can continue to make payments to that person. Not many samaritians on this forum Gary,would you do it.I certainly would not. Link to comment Share on other sites More sharing options...
thailand49 Posted March 16, 2017 Share Posted March 16, 2017 Sorry, I hope it works out for you. But based on what you posted you knew full will the terms of the contract whether it was written or verbal. You even said " now you know how hard it is to get one" so taking the vehicle isn't really a threat it was the term of agreement. Link to comment Share on other sites More sharing options...
Grubster Posted March 16, 2017 Share Posted March 16, 2017 Sounds to me like if the guarantor part is not written in the contract you can just continue to make the payments, also you may want to take him and the truck to the place where he is trying to secure a loan, as the Truck may not be that much use to his loan. Link to comment Share on other sites More sharing options...
JAS21 Posted March 16, 2017 Share Posted March 16, 2017 44 minutes ago, Grubster said: Sounds to me like if the guarantor part is not written in the contract you can just continue to make the payments, also you may want to take him and the truck to the place where he is trying to secure a loan, as the Truck may not be that much use to his loan. And if the truck is used as a guarantee and he defaults ............seems what the guy wants to do is to use your guaranteed payments to guarantee his...and no can do at present. Link to comment Share on other sites More sharing options...
ljd1308 Posted March 16, 2017 Share Posted March 16, 2017 You are in the wrong, but call his bluff. he obviously wants to sell the car so he can get another loan and there is no way he will sell that car for the price he needs to pay it off. Tell him you are happy to give it back and good luck to him trying to sell it for 650k....he has no chance, his best bet is helping you take it over. Link to comment Share on other sites More sharing options...
tifino Posted March 16, 2017 Share Posted March 16, 2017 the owner stuffed up!he should have waited until the HiLux was nearer to being paid off, before enacting his standover. If OP walks away asap, can the private 'seller' enforce compensation payments for early closure of the deal? Link to comment Share on other sites More sharing options...
GOLDBUGGY Posted March 16, 2017 Share Posted March 16, 2017 I don't know! I appears you got this Hilux by just taking over the Lease without any extra payment. The onus was you to find someone to take over this loan and you failed in that department. I think the owner has ever right to ask for his truck back now. From what I can tell you rented his truck for a year and got full use of that. So I can't see why you may feel you are getting screwed here. You could of course offer to buy this truck off him for a reasonable price, being 1 year older, and thus pay off his bank loan. Or is it is a Lease talk to the Lease Manager about a buy out price. But if you don't have the cash to do this then you are stuck. It appears he needs to sell this truck to get his name off the books to get another loan, so that is understandable. Link to comment Share on other sites More sharing options...
Nick ZepTepi Posted March 16, 2017 Share Posted March 16, 2017 >I have been paying a toyota hilux bougth from a thai owner for the passed year with an agreement that i should find a guarantor for the finance by January (6 months after). Unfortunately i have found out now how hard it is to find such person.The thai owner is now threatening me that he will take the car back and im not going to get any money back for my payments for one year. What are my rights regarding this matter should that threat actually occur? Thanks for all the helpRendosSent from my SM-T819Y using Thaivisa Connect mobile app Their name,their car.You can't hold up your end of the deal.Sent from my Redmi Note 2 using Tapatalk Link to comment Share on other sites More sharing options...
Anthony Loh Posted March 16, 2017 Share Posted March 16, 2017 54 minutes ago, ljd1308 said: You are in the wrong, but call his bluff. he obviously wants to sell the car so he can get another loan and there is no way he will sell that car for the price he needs to pay it off. Tell him you are happy to give it back and good luck to him trying to sell it for 650k....he has no chance, his best bet is helping you take it over. True, is not easy to sell off at this price ( close to new trunk price ) My advice is call him to take back and see what he said, if he do, you still don't lose as you have been driving it for the pass or if you have enough cash or have a CC, just pay him. Last choice, pay him a down payment and make a new contract for the truck with new price but only if both of you agree together. Cheers Link to comment Share on other sites More sharing options...
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