Car Loan - Where To Go?

Post by **JimmyGreaves** » Wed Sep 19, 2007 6:05 am

33.33% Deposit

loan of 66.66% wanted over 2-3 years.

Thai national. Anyone got any tips/information from friends/gf's getting this type loan and the best places to try?

Post by **barrys** » Wed Sep 19, 2007 7:22 am

Is it a new or used car?

Post by **JimmyGreaves** » Wed Sep 19, 2007 2:25 pm

Hi Barry.

It will be a new car, most likely a Isuzu or Toyota pickup.

Post by **ricardo** » Wed Sep 19, 2007 3:12 pm

You should be able to arrange finance with the dealer.

Isuzu have a deal going on the new MU7, with 1.?? % interest.
A friend of mine recently bought one in Bangkok and he had to put down approx 225,000 Baht for a 1 - 1.2 million baht vehicle
They are also promoting this car in the Market Village.

I took out finance 2 years ago on a Toyota, and put it in my wifes name until we had paid for it. The repayments were charged at 2.3%. Once it was paid for I transferred it into my own name.

Toyota required a letter from my wifes employer before they would approve the finance - despite the fact she does not have a job.

Post by **JimmyGreaves** » Wed Sep 19, 2007 3:22 pm

ricardo wrote: Toyota required a letter from my wifes employer before they would approve the finance - despite the fact she does not have a job.

Hi Ricardo

So how did you get around that? Did you end up being her employer?

Post by **ricardo** » Wed Sep 19, 2007 3:34 pm

Hi Jimmy

You could probably write up your own letter. My sister in law wrote one for my wife stamped with the tour company she was working for.

We had an informal interview with their finance guy. Where we explained it was my money that was being used to buy the car and that my wife didn't work.
He didn't object and said everything was fine and that the finance would go through but could we provide a letter concerning my wifes employment.

Post by **JimmyGreaves** » Wed Sep 19, 2007 3:42 pm

Cheers Ricardo

That's a good option for us.

Thanks for your help.

Post by **barrys** » Wed Sep 19, 2007 6:18 pm

Hi JG

I recently bought a new Toyota 4 door pick-up.
20% down and the balance over 4 years at 3.4%.

Bought it in my company's name with 1 guarantor (Thai/falang couple, though without substantial assets).

The whole thing was completed in 3 days.

Post by **JimmyGreaves** » Wed Sep 19, 2007 10:09 pm

Thanks Barry, just have to find someone now with substantial assets

Seriously Thanks