Robbie63 Posted February 8, 2018 Share Posted February 8, 2018 Hello everyone. I have been saving up to buy a new Toyota want to get my 25% down. Went to the dealer and have problem with financing. I am from America been here 12 years now have my Thai girlfriend never married yet but she does not work. They want some kind of statement showing a job. I was thinking if you have the downpayment and can show money in the bank not a big problem. She has an Aeon card and bought enough stuff to get credit for a motorbike purchase. My Question is there some banks that are more liberal than others or am i going to have a big problem with this. I have a pension and social security from America if that helps me. Thank you in advance to all who reply. Link to comment Share on other sites More sharing options...
tonray Posted February 8, 2018 Share Posted February 8, 2018 You will likely have a problem no job no loan (or at least no conventional loan) Link to comment Share on other sites More sharing options...
jackdd Posted February 8, 2018 Share Posted February 8, 2018 Without a job you won't get a loan Do you have a health insurance in Thailand? Link to comment Share on other sites More sharing options...
smutcakes Posted February 9, 2018 Share Posted February 9, 2018 It may be easier if your GF tries to buy the car. Much to my surprise, one day my gf bought a car- with a down payment put down, and a sketchy at best employment record and no job at the time- she managed to get bank finance through the Honda dealership. I don't believe the checks are rigorous on Thais as they may be on foreigners, particularly those here with no Thai income or job. Link to comment Share on other sites More sharing options...
Farangdanny Posted February 9, 2018 Share Posted February 9, 2018 10 hours ago, jackdd said: Without a job you won't get a loan Do you have a health insurance in Thailand? Try TISCO. Probably the easiest. Link to comment Share on other sites More sharing options...
malcoml Posted February 9, 2018 Share Posted February 9, 2018 We got our car finance through the yellow bank at the dealership. The car was in wife's name. We initially showed my bank account but the wanted me to transfer a one-off payment of 20,000 baht to wife's account. 20% down from memory. Link to comment Share on other sites More sharing options...
natway09 Posted February 9, 2018 Share Posted February 9, 2018 Just pay cash,,, if you do not have any proof of income from within Thailand it will be like jumping through hoops Link to comment Share on other sites More sharing options...
puffy Posted February 9, 2018 Share Posted February 9, 2018 Krungsri are the easiest to get finance with, but not being married and with no job I think it is very unlikely. Link to comment Share on other sites More sharing options...
Odin Norway Posted February 9, 2018 Share Posted February 9, 2018 1 hour ago, natway09 said: Just pay cash,,, if you do not have any proof of income from within Thailand it will be like jumping through hoops You can get finance if you put 25% down on most new cars.If you want it in youre own name,do not bring youre GF into the shop in the first place.Deal with it alone. Link to comment Share on other sites More sharing options...
Lacessit Posted February 9, 2018 Share Posted February 9, 2018 Buy a low-mileage secondhand Toyota instead. Pay cash to save on the interest charges. Buying a new car ranks up there with the worst financial decisions anyone makes in their life. Particularly in Thailand where the market is so obviously inflated. Link to comment Share on other sites More sharing options...
tweedledee2 Posted February 9, 2018 Share Posted February 9, 2018 2 hours ago, Farangdanny said: Try TISCO. Probably the easiest. "TESCO" Two years ago the wife and I financed a Ford through Tesco Bank. My wife signed for the loan and I showed my account balance at the bank. Link to comment Share on other sites More sharing options...
catman20 Posted February 9, 2018 Share Posted February 9, 2018 13 hours ago, jackdd said: Without a job you won't get a loan Do you have a health insurance in Thailand? i got fiance 1 time in my name with Honda no health insurance not working, retired my g/f at the time did not work either but she had to be a guarantee for me, no problem. Link to comment Share on other sites More sharing options...
joebrown Posted February 9, 2018 Share Posted February 9, 2018 I'd try Kiatnakin Bank Finance. Not sure where you live , but I know there's a branch on Pattaya Klang if that will help. Otherwise try a Google search. I recommend them because they specialise in vehicle finance and I was able to get a loan from them when I was 68 yrs old, using pension income as proof of earnings. Good luck. Link to comment Share on other sites More sharing options...
Robbie63 Posted February 9, 2018 Author Share Posted February 9, 2018 5 hours ago, smutcakes said: It may be easier if your GF tries to buy the car. Much to my surprise, one day my gf bought a car- with a down payment put down, and a sketchy at best employment record and no job at the time- she managed to get bank finance through the Honda dealership. I don't believe the checks are rigorous on Thais as they may be on foreigners, particularly those here with no Thai income or job. 1 hour ago, puffy said: Krungsri are the easiest to get finance with, but not being married and with no job I think it is very unlikely. Link to comment Share on other sites More sharing options...
Robbie63 Posted February 9, 2018 Author Share Posted February 9, 2018 Just now, Robbie63 said: Thank you everyone for the help. I think i would just put the car in Girlfriends name. I think that the statement of employment is not really investigated well here in LOS. This is going to be my last car and want an all new car with a warranty i realize the depreciation when you drive off the lot. I want to travel around Thailand and be worry free pretty much. Thanks again for your help. Link to comment Share on other sites More sharing options...
Robbie63 Posted February 9, 2018 Author Share Posted February 9, 2018 I am really interested in a new Altis actually and the quoted interest rate was 3.4 not to bad really. Will get back to everyone as I try my luck. Link to comment Share on other sites More sharing options...
DGS1244 Posted February 9, 2018 Share Posted February 9, 2018 In your name legally requires work permit?. Otherwise pay cash. Link to comment Share on other sites More sharing options...
ToddinChonburi Posted February 9, 2018 Share Posted February 9, 2018 Funny how many miss the fact you have no job. I had to put 50% down to to get financing through Kasikorn. Still made me finance for 48 months. Link to comment Share on other sites More sharing options...
alien365 Posted February 9, 2018 Share Posted February 9, 2018 42 minutes ago, Robbie63 said: Thank you everyone for the help. I think i would just put the car in Girlfriends name. I think that the statement of employment is not really investigated well here in LOS. This is going to be my last car and want an all new car with a warranty i realize the depreciation when you drive off the lot. I want to travel around Thailand and be worry free pretty much. Thanks again for your help. If you put it in the girlfriend's name just make sure you are insured to drive it. I always pay an extra couple of thousand to make sure anyone can drive mine (with permission of course) Link to comment Share on other sites More sharing options...
dick turpin Posted February 9, 2018 Share Posted February 9, 2018 3 hours ago, tweedledee2 said: "TESCO" Two years ago the wife and I financed a Ford through Tesco Bank. My wife signed for the loan and I showed my account balance at the bank. No, he was right first time....its TISCO Link to comment Share on other sites More sharing options...
theoldgit Posted February 9, 2018 Share Posted February 9, 2018 Post in caps, and responses, removed.Sent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
Road Warrior Posted February 10, 2018 Share Posted February 10, 2018 THINK WHAT ALL SAY no job no loan Link to comment Share on other sites More sharing options...
Mansell Posted February 10, 2018 Share Posted February 10, 2018 My wife was sixty and no job and no money. Car was in her name and because of my age she had to have insurance and they wanted 400,000 baht down on a new Altis......what the heck she ended up with it anyway paying 13,000 baht a month to TISCO. Good luck. Link to comment Share on other sites More sharing options...
Farangdanny Posted February 10, 2018 Share Posted February 10, 2018 19 hours ago, tweedledee2 said: "TESCO" Two years ago the wife and I financed a Ford through Tesco Bank. My wife signed for the loan and I showed my account balance at the bank. I said TISCO not TESCO. Big difference. Link to comment Share on other sites More sharing options...
Just Weird Posted February 10, 2018 Share Posted February 10, 2018 22 hours ago, Odin Norway said: You can get finance if you put 25% down on most new cars.If you want it in youre own name,do not bring youre GF into the shop in the first place.Deal with it alone. You really think that an unemployed foreign pensioner with no job and no ties here except for an unemployed girlfriend is likely to be offered a 75% loan? Really? Link to comment Share on other sites More sharing options...
Just Weird Posted February 10, 2018 Share Posted February 10, 2018 22 hours ago, Lacessit said: Buying a new car ranks up there with the worst financial decisions anyone makes in their life. Particularly in Thailand where the market is so obviously inflated. That "inflation" is reflected in the higher values of used cars here. Link to comment Share on other sites More sharing options...
Just Weird Posted February 10, 2018 Share Posted February 10, 2018 22 hours ago, tweedledee2 said: "TESCO" Two years ago the wife and I financed a Ford through Tesco Bank. My wife signed for the loan and I showed my account balance at the bank. The OP doesn't have a wife. Link to comment Share on other sites More sharing options...
Just Weird Posted February 10, 2018 Share Posted February 10, 2018 20 hours ago, alien365 said: If you put it in the girlfriend's name just make sure you are insured to drive it. I always pay an extra couple of thousand to make sure anyone can drive mine (with permission of course) In Thailand it is the vehicle that carries the insurance, not the individual. Link to comment Share on other sites More sharing options...
JAS21 Posted February 10, 2018 Share Posted February 10, 2018 20 hours ago, alien365 said: If you put it in the girlfriend's name just make sure you are insured to drive it. I always pay an extra couple of thousand to make sure anyone can drive mine (with permission of course) We always make sure that only myself and my wife can drive ... saves me about 5Kthb on the SUV. Also worth noting that if someone else drives and bumps it we have to pay the first few thousand thb ... to me it is a good deal ... and always a reason not to lend I was surprised how much 'rebate' we got. On MrsJ's Civic RS the rebate was not as much but still worth having .... All our cars are with Bangkok Insurance ............. Link to comment Share on other sites More sharing options...
alien365 Posted February 10, 2018 Share Posted February 10, 2018 1 hour ago, Just Weird said: In Thailand it is the vehicle that carries the insurance, not the individual. That's what I thought until I needed to renew my insurance and I could save money by limiting who can drive it. I decided to let anyone drive it though so my friends could drive it back from the airport whenever I go away for a few weeks or more. Link to comment Share on other sites More sharing options...
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