Car for Cash – Put Into Practice the Following Three Options Every Time Are Choosing a Auto to Acquire in Bangkok.

The general public transportation method is unreliable in many parts of Thailand. Using a car is essential for most Thais and expats who live here. Sure Bangkok provides the BTS and MRT. And most major cities and towns use a van network and native buses or songthaews. However, these don’t serve the needs of everyone. I won’t debate that the BTS and MRT are great systems, but they’re inadequate for the needs of the town. And they’re only appropriate for those residing in the central zone. Many expats live in areas including Chonburi, Phuket and Chiang Mai, where subway lines and sky trains continue to be a distant dream.

Sweating within a bus, risking safety inside a public van, and waiting on unscheduled buses ensures that many people elect to get a car, in particular those living away from Bangkok. The grade of life and freedom that owning buy car in thailand gives you constitutes a significant difference. Imagine traveling on the bus or perhaps in a taxi having a baby or praying to a higher power that your particular van driver will get you to the destination safely.

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Where to Start

When I bought my first car I needed millions of questions. I wasn’t “into” cars and didn’t know much concerning the industry and exactly how things worked. The majority of people check out their dads for car advice, thus i traveled to mine. I was lucky because my father worked in a car industry more than 25 years and he provided me with a great deal of advice. I bought a car I had been pleased with. However, here in Thailand things work differently. Thus I used the recommendation from my dad and also from several great local sources: Damien Kerneis, Co-Founder of SiamCarDeal, and Wasawad Wasuthasawat, Country Manager at Carsome.co.th.

I also used a great deal of online sources and through this article I gives you quotes, figures, and links to useful sites to assist you to get a car in Thailand.

Why Purchase a Car?

Location influences your should get a car. I’m uncertain many individuals located in Central Bangkok could justify developing a car as there is good public transport. There’s also lots of traffic which could make driving a nightmare.

If you need to travel outside the downtown area for business, it might be a necessity to get private transportation. Having a car may appear beneficial to weekend trips beyond the big city, but you have to take into consideration how often you would utilize the car and if it will increase your standard of living.

For people with chosen to invest in a car, your location may help determine which kind of car would best meet your needs. In the event you travel long distances from a rural area then a larger car for cruising around would make sense. If you reside from the city, selecting a small compact car to help make traversing through traffic easier is the better choice. You could adhere to the Thai trend and buy a massive pickup truck, wherever you reside.

Pickup truck is really a primary selection for many Thai families.

Long Term vs Temporary

An important factor for many expats to consider is whether or not they are staying in america for a- or short-time frame.

Long-term expats have more reason to acquire an automobile as it is a considerable financial investment in Thailand. Those married, here on retirement visas, or people that have full-time jobs who stay for the long haul will benefit from developing a car.

Those here for a short moment should take into account the resale importance of their car and just how easy it’ll be to sell. As you’ll see there exists a considerable amount of paperwork involved when selling an auto. For those here for a quick time, it will not be the best option. You also have to consider that if you must leave Thailand on the certain date the auto has to be sold at that time which could create problems if you are rushing to discover a buyer.

There is certainly always the option of leasing a vehicle for a period of several months as much as a year or relying upon local public transport and taxis. I wouldn’t get a car if you aren’t will be in Thailand for more than a year-until you are living in a rural area.

If you’re looking for a brand which holds it value then the best choice is a Honda or Toyota or maybe the top models from Japanese car makers.

Family

One common reason for buying a car in Thailand is perfect for if you have a family and don’t would like to depend on public transit. I wouldn’t desire to have a baby over a bus or maybe in a taxi. I feel it will be irresponsible and a car is the safest way to transport your loved ones when you are unattainable of the MRT and BTS in Bangkok.

Parents.com have listed their top cars released in 2016 for families. A list will be worth a style as many models are available in Thailand.

New Cars vs Used Cars

One of the biggest choices you’ll must make is whether you would like to get a new or used car. You can find positives and negatives to both. Many individuals prefer to buy new due to the lower maintenance costs and frequent special deals. But there is also a thriving second hand car market in Thailand. And the possibility of buying utilizing expats in Thailand means you are able to go through most of the process in English.

New Cars

Once you buy a new car, there are numerous of advantages. You can get a bunch of extras thrown in if you are proficient at negotiating. In Thailand, most dealers seem to sell in the recommended list prices although the extras are where you can try and get added value. It’s normal to obtain the first year’s insurance covered or tinted windows, as an example.

If you purchase new, you’ll have reassurance knowing you happen to be first owner of your car, so there shouldn’t be any surprises afterwards. Investing in a new car means you possess more finance options available, and you’ll get the chance to talk on the dealership with regards to your personal situation.

During my research just for this article, people claimed that the dealership where they bought their car also offered them better part-exchanges on new car purchases. Your relationship in between the customer and dealer allows expats to question more questions together with the experts before, during, and right after the shopping process. As you’ll see beneath the shopping process isn’t easy but by making use of a certified dealer you’ll be handling salespeople who may have experience negotiating with expats.

Used Cars

The most important benefit from a second hand car is that you have a cheaper pair of wheels. There is the potential for a great deal in Thailand, however in general used cars hold their value well and cost more than you might pay in western countries.

You might also need the option to purchase a second hand car coming from a licensed dealer which means you’ll better your chances of getting a service package or insurance. Used cars are available from numerous sources and a few of them provide the cheapest prices available on the market.

One negative for used cars will be the 7% VAT that’s added to the bill if you opt for from the showroom or second hand car dealer, or utilize a loan to finance the buying. In order to avoid this payment you can aquire in cash from your private seller. Buying from a private seller having looked after their car is a good option. Thai people call these “house cars.”

What’s Popular?

Exploring the roads of Thailand I saw two trends. The very first was the number of pickup trucks and also the second was the popularity of Honda and Toyota cars.

From the UK where roads are packed with Fords and Renaults, I put the amount of Hondas and Toyotas down to the Thai passion for Japanese products. However I soon discovered other reasons for popularity. Honda and Toyota are two of the vehicle brands which are created in Thailand and get lower taxes and selling prices than imports. Tax is also the reason behind the great number of pickup trucks. These cars have got a reduced excise tax, making them a favorite choice for lots of people.

Another reason why for the demand for these brands is definitely the accessibility of certified mechanics. Every town will have a garage to fix these cars and the parts are simple to locate. Even third-party garages will probably be knowledgeable of top-brand cars.

Wasawad Wasuthasawat said, “black and white” were the two most popular colors for cars and would be a good choice if you are seeking to sell your vehicle after a number of years.

Irrespective of the model, black are white are two most in-demand colors in Thailand.

Researching shows Toyota, Honda, Isuzu, Mitsubishi, Mazda, Nissan, Suzuki, Ford, Chevrolet, and MG are made in Thailand and therefore are priced a lot better than other brands. BMW and Mercedes are assembled in Thailand but use imported parts which will make them more pricey than they’d be throughout Europe or in America. Imported finished cars and trucks are susceptible to a 300% tax, leading them to be 3 times more costly in comparison to Europe or America.

“The Corolla or Altis is probably the best-selling models for the general public,” Damien Kerneis said. “It holds its value well and you can actually find spares.” As this is the kind of most taxis in Bangkok, it goes without saying that these cars are a wonderful choice for those within a strict budget checking out getting their particular wheels in Thailand.

There are several options with regards to buying a car, new or used, in Thailand. Traditional dealerships are popular but there is also an ever-growing selection of online options for investing in a car.

New Cars

Dealerships

The dealership was the first place I visited when selecting an automobile in Thailand. I felt reassured by visiting an official dealership and felt I would receive better service plus more legal fallback if there were any problems. Additionally, it seemed easier to get finance using an authorized dealership than relying on alternative methods, that are listed later in the following paragraphs.

I went into the process of buying without needing a preference towards brand. My issue was budget. I want to possess a BMW, but according to Thailand prices they are not excellent value for the money-and solution of my range of prices. Going to a dealership meant I could chose a cheaper brand, take a look at their entire selection of models, and discuss pricing options. The advantage is that you have car dealerships in all of the big towns and cities. Within ten kilometers of my condo in Bangkok, for example, I was able to visit an array of car dealerships.

Another benefit of your dealership is that you may see new and used cars and compare prices and conditions. Most official dealerships also provide promotions, and provide warranties and extras on not merely new cars, but used cars too.

There is also the option to test drive an auto for those who have a Thai driving license, a license from your home country, or even an international license.

Similar to a multitude of locations in Thailand, at dealerships salespeople will treat you as outlined by the way you look. As I walked in wearing a scruffy T-shirt and shorts I got little attention. However when I went together with jeans, a collar shirt, and dress shoes I needed salespeople jumping over themselves to help you me. Maybe this became just random luck-or bad customer service at some dealerships-however, there is a correlation between your two.

Car Event

The Bangkok International Motor Show is amongst the most in-demand places for Thais to buy a whole new car. Sales in the 2015 show were expected to be over 40,000 which is actually a lot for the 7-day event. Often discounts receive where there are excellent promotions. 2017’s event was held at the Impact Arena about the outskirts of Bangkok right before Songkran.

Previously, the event is criticized for being more details on the pretty models, but right after the recent Junta takeover things have been toned down and also the cars have become taking center stage again.

Additionally it is present with see mini shows within the numerous shopping malls around Thailand. My local mall, Fashion Island, appears to have one or more car company showcasing new models every few weeks. They may have huge signs offering discounts however it is not clear if they are the same deals you’d get in the dealership. One benefit of these events on the mall is the fact there exists less pressure to get and you also get the chance to see and sit in a car.

Regenthomecar, an example of an automobile tent in Thailand

One among my Thai friends told me I could buy a car with the tent which confused me. I googled “car tent” and located pictures of tents covering cars. It wasn’t until I discovered this post where I discovered a vehicle tent is a used-car dealership.

Many cars come with limited warranties and many can be bought “as seen” so you should have a true comprehension of cars to get a good buy. Tricks like winding across the mileage and putting different parts into cars do go on so buyer beware.

Many car tents work jointly with a finance company as well as a loan could be decided upon on the spot. It’s best to produce a payment and drive the automobile away. It’s not unusual for car tents to modify parts every time a customer pays a deposit and comes back later to the car. Also, if you pay by cash the buying price of the automobile might be higher than if financing, since some car tents get commission from giving out loans.

If you are searching for the car to help you get from point A to point B then trying to find bargains at the car tent happens to be an option.

Auctions

Car auctions are excellent fun to look at. The atmosphere is exciting and i also believe it is intriguing to analyze the tactics from the bidders trying workout their top price. Getting a car through auction can be something I would be suspicious to use for a variety of reasons though.

The issue is that you must compete against other bidders and can turn out paying more than you’re willing to inside the heat of battle. At auctions you’ll must make quick decisions and can not get yourself a full description of your vehicle or have limited opportunities to inspect it. I wouldn’t purchase a car from auction unless I had full expertise in the vehicle and might inspect the vehicle first, ensuring it was actually in good order.

However, you can sometimes obtain a bargain with an auction if others aren’t interested in a car you need. Those that have understanding of cars might be confident that they could spot a bargain once they see one.

If you’re considering car auctions, have a look at Union-Auction and Manheim, which have listings for car auctions in Thai and English. Both sites give pictures and descriptions for your cars available and list fees you should pay.

Manheim affords the following facts about fees and a few useful tips on the FAQ page.

A buyers administration fee of 8,560 baht (including VAT 7%) is applicable to all lots purchased in the financiers vehicle auction and also the salvage vehicle auction. The buyer’s fee for burnt out vehicles is 4,000 baht as well as for motorcycles it’s 1,650 baht. For trucks it’s 12,500 baht. If you purchase a financiers or salvage vehicle using Simulcast, an extra buyer’s fee of 1,420 baht applies. If you buy a motorcycle using Simulcast, an additional buyer’s fee of 250 baht applies. Full payment in cash or bank check is necessary by 4pm the working day following the sale. VAT is included unless otherwise indicated. Check on site, in auction catalogues, or with cashiers for fees applicable in your vehicle.

The auction is really a fun, exciting, fast process. So here’s some guidelines to help you succeed.

Set a budget

Examine the car you would like to bid on, for example the documents

Pay by internet bank transfer for your safest approach to payment

All cars are offered “as is, where is;” there are actually no returns

Read the stipulations

Ensure you will have the correct name registered to the auction

Bid clearly and don’t hold back until the past minute.

A quick look on the search engines shows there are numerous car auctions in Thailand so that you could possibly find a local independent auction near you.

Online

Buying a car on the internet is gaining popularity nowadays. Many sites have sprung up in Thailand to cater to the desires of Internet shoppers. Websites like these cater toward the sales of used cars, but some websites offer sales of brand new cars, or links to promotions from dealerships.

In addition there are many listings on forums and social networking which may match you track of a seller. The phrase “Buyer Beware” is important here, because there might be limited recourse in the event the buyer purchases a car as seen and ends up being a lemon.

For an excellent source of online cars in Thailand check out the subsequent sites:

This website is simple to use and clear. You enter easy information about your financial allowance, location, and brand name and you have a selection of results. Besides the license plate number, you will get all things in English, as well as the lists provides you with pictures and make contact with number of the vendor. Keep in mind this page is for people considering buying used cars.

The website is useful should you be looking to obtain a guide price and locate details about your nearest dealer. A significant selling point of this page is that they list cars offered in dealerships, both new and used. This means that you are able to get a good deal from the dealer and not simply coming from a private individual.

Another selection for online purchases is to check out sites like kaidee.com and bahtsold.com, that offers secondhand goods including cars. Craiglist also offers a web site for used cars in Thailand. Again, buyer beware and understand that you’re unlikely to obtain any support from the seller once the purchase has been made.

Private Listings

When I would buy my first car around 20 years ago my dad went straight to the newsagents and picked up a duplicate of Auto Trader magazine. It listed a large number of used cars on the market and was like his bible. You could potentially compare costs and specs to view that which was an acceptable price for different models.

Nowadays, a lot of this business has moved online but it’s still easy to find offline car listings within Thailand. National and local newspapers have car sections with private listings, that are worth a style if you wish to go this route.

Certainly one of my colleagues bought up a vehicle from your private listing at his condo. The seller had left a flyer as well as the sale progressed quickly as they lived a couple of rooms far from one another.

Also, many cars inside the street have available for purchase posters or stickers on them. You could possibly even see a available for sale brochure for that car you’re seeking. There’s no exact science to purchasing a vehicle, but fate might provide you with in your dream car around the soi you’re walking down.

Buying Process

When you’ve went ahead making your purchase you will have a few hoops to jump through. For the way you bought the car is determined by the amount of the next you’ll have to do. When buying a new car it’s likely that the dealer will appear after most, if not completely, of your paperwork for you. However, when getting a used car, you’ll should be more hands on if buying coming from a private individual.

New Car

After choosing the right dealer you need to reserve the vehicle if you are paying a deposit, usually 5,000 – ten thousand baht. The explanation for this is certainly that cars in Thailand are often made to order. You ought to get the receipt after making payment on the deposit, stating everything relating to your new car including: model, color, delivery date, and all sorts of freebies you got in the negotiation. Sometimes, it may take as much as six months time for your car to become delivered to you.

As soon as the car arrives, you must look at the car from bumper to bumper. Make sure you take it for any test drive and look that all freebies are included. Check the warranty for that manufacture date, inspection dates, and customer details. Be sure all things are perfect before accepting the auto. If possible, bring a vehicle expert along. Also, make a note of the engine number to ensure that here is the same car you inspected.

You must receive all documents on that day including vehicle insurance, CPTL, car manual, the temporal red book, along with the tax sticker.

New cars need to have special red license plates that will be replaced with the official white plates in a few months. The expense of these temporary ones is approximately 2,500 baht but you will end up refunded whenever you change up to the white plates. Failure to transfer in the red temporary plates on the white official ones may result in a fine in case you are stopped from the police. A lot of people do prefer to keep red plates on only to show they may have a fresh car.

You will definately get you’re official blue ownership book two or three days after or on a single day you will get the white plates. In the event you finance the automobile you’ll get a copy of your blue book. The finance company is going to be listed as being the owner from the car. The blue book and car will likely be transferred into your name after the loan is paid off.

When driving with red license plates there are many things you should be aware. First, it is recommended to keep your ownership and transfer documents along with you. When the police choose to hold you back then you’re liable to pay a great when you can’t prove ownership. Second, with red plates you will be confined to driving during daylight hours and then in the province the automobile is registered to.

All car registration paperwork is dealt with through the Department of Land Transport. The dealer must do it for you once every one of the following documents are already prepared:

Passport (signed copies of all visa pages and data page)

A signed copy of the work permit or possibly a certificate of residency issued by the Immigration Bureau or the applicant’s embassy

A valid Thai driving license

Should you prefer a specific registration plate number, it may be done two months upfront before your car or truck arrives on the Department of Land Transport. A duplicate of your passport, residential certificate, and the car purchase contract are needed. Though some car dealerships should certainly do this for the small fee.

Department of Land Transport in Bangkok Area 3

Second Hand Car

Procedure

Before choosing a second hand car, look at the car’s Blue Book or its copy (in the event the car is financed) as well as checking the car. The engine number needs to be the just like exactly what is on the blue book. This ensures the car is one of the seller and prevents unexpected problems like investing in a stolen car. If your seller cannot demonstrate the blue book, it’s easier to take your hard earned dollars elsewhere.

Even though required documents in the buyer are exactly the same as registering a brand new car, the method of getting a second hand car may be separated by five common cases.

Case One

The first case is to purchase the auto from a used car dealer such as a car tent. Prices are generally beyond buying from a private seller but they’ll have all the details relevant to the car transfer and in many cases keep up with the financial loan.

Case Two

Another case is to purchase coming from a private seller assuming you have enough cash. You’ll need to handle each of the paperwork yourself. An exclusive seller provides documents similar to a signed copy of the ID Card, a signed copy of their house registration, Blue Book, the potency of attorney, as well as the transfer of ownership. They enable the buyer complete the whole process once things are paid for. Or perhaps you along with the seller can arrange a date and check out the Department of Land Transport together to finish the transfer.

Case Three

The 3rd case is you have plenty of cash but the car remains to be on finance. It’s a smart idea to should go to the finance company with the seller and finished the purchase contract and transaction there. The finance company needs to be the one to carry out the paperwork and send an updated Blue Book with your name within 2 weeks.

Case Four

If you want to finance the automobile you have to pay a deposit beforehand, normally at 5,000 baht-make sure you sign the deposit contract. The seller should give you a couple weeks for creating the financial loan. Once it’s approved, you should get a check issued together with the seller’s name. Then, the owner should present you with the necessary documents for producing the auto transfer. You may handle the rest yourself or perhaps the seller can proceed to the Department of Land Transport with you. Should you can’t get yourself a loan promptly, the vendor has right to accept deposit unless it’s negotiated beforehand.

Case Five

In case a car continues to be on finance and you should get a loan to get the car, the simplest way is to visit the finance company and also have them transfer the loan in your name. You could still need to pay a share towards the seller as well as a processing fee on the finance company though.

Transfer

The transfer process takes several steps. The initial step is to submit all paperwork and obtain it checked and stamped by an official. At this time, they can request you to come back in some days when you got a new car from another province. When everything has been checked, you need to come back and inspect the auto. The inspection makes certain the automobile matches the facts about the submitted forms and there are not one other problems. Finally you will end up asked to return to recover plates and also the Blue Book.

If the car is transferred in the same province, everything must be finished within several hours. If it’s moved to another province, it will require several days.

For a peek at doing the procedure yourself click here for your account of registering a car yourself in Chiang Mai. This report is produced by four years ago although the process continues to be the same. The entire dexupky01 in the article is 940 baht to sign up the vehicle. It took time and effort since the owner bought the car from Bangkok and registered the automobile in Chiang Mai.

The transfer price is different depending on the estimated volume of the sale price of your car. There’s a 105 baht for transferring fee as well as a stamp fee of .005 baht from the estimated car price. For instance, if the car is estimated at 300,000 baht, the whole transfer cost will be 1,605 baht (105 (300000 x .005)).

Finally, if you are unable to do it yourself, you can give the effectiveness of attorney to another one person to finish the paperwork for you.

Used cars registered in the different province will need a whole new list of plates. The expense of this is certainly around 200-300 baht.

Finance Options

Certainly one of my biggest concerns when purchasing an automobile was in which the money will come from. Despite the lowest priced models I would still need to borrow to accomplish the sale.

It’s easy for foreigners to obtain loans in Thailand to purchase a vehicle but you can find strict restrictions. The foreigner will need to have a banking accounts with good standing at the local bank. The foreigner demands a work permit or similar showing they’re here lasting. Some people stated they may have been successful obtaining a car loan using a tourist visa, but it appears to take plenty of effort, demands a better deposit payment, and it is decided upon by the manager at each place.

To the first car a foreigner buys they may want a Thai guarantor. This may be a relative or friend but they must be aware about the problem and what will happen when the foreigner defaults in the loan. For the purchase of all cars thereafter and where the loan is through the same source, a guarantor is not needed. The exception to needing a guarantor happens when the deposit payment is between 50-70%.

The very last stipulation for getting that loan is the fact that a minimum deposit of approximately 20% is needed. Sometimes a bank will ask for a higher down payment in case you are new in the country or have limited funds inside your bank. In any event be sure you prepare copies of your own work permit, passport, bank statement, and wage slips before you apply for a loan.

Reuters reported that the rate of loan defaults has become rising due to the poor performance from the Thai economy and increasing household debt. Therefore the conditions to get a loan have grown to be stricter and also the bank may request a Thai guarantor based on your circumstances. One positive would be that the banks are willing to loan money to foreigners for auto purchases, unlike in relation to financing property. Additionally they offer special incentives including % interest introductory offers.