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mosquito2002
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Waiting to get a International Drivers License before purchasing a car, but have a few questions.
Can a Farang do monthly car payments, what is the normally required down payment and loan percentage rate??
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Thai Girls : Meet Sexy Thai Girls
Posted on: 7:05 pm on Aug. 31, 2008
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DrLove
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I would say 'no,' unless you have a Thai guarantor...
Buying anything on monthly installments is a problem for foreigners.... not surprisingly.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 9:00 pm on Aug. 31, 2008
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mosquito2002
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'What if you pay cash for the car at the dealer for a new car?? Asking it car can be in your name or does it have to be a Thai National??
Don't have a Internation Drivers License, anyone have info on getting one in Laos (planning a Laos visa run this month).
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 3:41 pm on Sep. 4, 2008
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DaffyDuck
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Quote: from DrLove on 11:34 am on Sep. 1, 2008
Buying anything on monthly installments is a problem for foreigners.... not surprisingly.
Farang: "Hi, I'm farang, and I would like to ask for a loan for 100,000 Baht. Oh, by the way, I have 3 million Baht in my bank account, a job that pays 400,000 every month, and lots of money to my name"
Bank: "Sorry, mai dai, ka
Thai: "I want 3 million Baht. Have no money. Have no job. Please give me money"
Bank: "Very good, sign here, ka"
I always found that fascinating -- albeit I understand that most Thais put their house up for collateral, and at least (usually) can be found by Thai banks - while it is assumed that Farang are a 'flight risk'. Still, it's mostly amusing. If you want a bank loan, send a Thai to ask for it 
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Thai Women : Meet Matured Thai Women
Posted on: 11:46 pm on Sep. 4, 2008
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mosquito2002
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So True!!
Have to wonder how many family homes are confiscated by banks for defaulted loans.
Thinking Í'll have to pay cash upfront to possibly get the car in my name. Option 2 would be for the TGF (not preferred) to pay for it under her name.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 1:46 am on Sep. 5, 2008
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expatchuck
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Some dealers will carry the note on the car for you. It will likely call for at least 30% down and pay off in 12 months. Forget the banks.
Pay cash and the car can be put in your name. You will need a letter of residence from Immigration and your international driver's license.
My car is in my name and I plan to buy another when I get back late this month.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 2:16 am on Sep. 5, 2008
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Loung Steeb
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I finally bought a car from one of the locals (for an undisclosed amount of money). This thing was a beaut...a/c p windows, etc. I put the car in my name and registered it as same..I am now pushing a car... same as the title of this thread.....ls
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Thai Girls : Meet Active Thai Girls
Posted on: 12:24 pm on Sep. 5, 2008
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thailife
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when I bought a truck for my favorite girls family, I went to the dealer. the family had nothing, no collateral. I put down the down payment and send money monthly to pay the payment... I never understood how a businessman would giv eup the truck to a family that is dirt poor with nothing... considering I could walk away at any time... the trucks not in my name... nor do I car.. a small amount in life to pay.... what happens when a bunch of farangs stop making payments?
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Thai Women : Meet Matured Thai Women
Posted on: 12:46 pm on Sep. 5, 2008
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mosquito2002
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Ok, purchased a 2009 Honda Jazz (in TGF's name with father also signing the contract).
Made the initial down payment and only have to pay 10K baht a month for the next 6 years.
On the previous post, if I stop making the payments....I believe the bank will take the family land as well as the car.
I'd invest in a Thai Banks, don't think they have a mortgage investment problem....... they must be getting a fair share of land on the cheap which they can sell to developers for a profit later.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 7:18 pm on Oct. 22, 2008
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