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Question: Auto Financing with 7% VAT Added Into Payment


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15 minutes ago, Susco said:

This is how car leasing works in Thailand.

 

Interest is calculated on the full amount for the full term.

 

With personal loan, as in the CIMB calculation, and mortgages interest is calculated different.

Susco, are we on the same page? This will be car "financing" through the dealership and not "leasing". Is your method also the same for regular car financing?

 

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Just now, fittobethaied said:

Susco, are we on the same page? This will be car "financing" through the dealership and not "leasing". Is your method also the same for regular car financing?

 

Just Google car finance Thailand, and you will have your answer.

 

It are all leasings in Thailand

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5 minutes ago, fittobethaied said:

Susco, are we on the same page? This will be car "financing" through the dealership and not "leasing". Is your method also the same for regular car financing?

 

There is no car financing in Thailand, it's always a kind of leasing.

The finance company buys the car (it gets registered in their name) and you lease it from them.

At the end of the lease period the ownership will be transfered to you.

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