The general public transportation product is unreliable generally in most elements of Thailand. Using a car is necessary for most Thais and expats who live here. Sure Bangkok provides the BTS and MRT. And the majority of major cities and towns have got a van network and native buses or songthaews. However, these don’t serve the requirements of everyone. I won’t argue that the BTS and MRT are great systems, but they’re inadequate for the requirements the metropolis. And they’re only appropriate for those residing in the central zone. Many expats are living in areas for example Chonburi, Phuket and Chiang Mai, where subway lines and sky trains are still a distant dream.
Sweating in the bus, risking safety within a public van, and waiting on unscheduled buses means that many individuals opt to purchase a car, especially those living outside Bangkok. The standard of life and freedom that owning buy car offers you constitutes a big difference. Imagine traveling on a bus or in a taxi by using a baby or praying into a higher power that your van driver can get you in your destination safely.
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Where to Start
After I bought my first car I had millions of questions. I wasn’t “into” cars and didn’t know much concerning the industry and how things worked. A lot of people go to their dads for car advice, and so i traveled to mine. I used to be lucky because my dad worked in the car industry in excess of twenty-five years and the man provided a great deal of advice. I bought an auto I was happy with. However, within Thailand things work differently. So I used the recommendations from my dad plus from several great local sources: Damien Kerneis, Co-Founder of SiamCarDeal, and Wasawad Wasuthasawat, Country Manager at Carsome.co.th.
Also i used a lot of online sources and thru this short article I will provide you with quotes, figures, and links to useful sites to help you invest in a car in Thailand.
Why Purchase a Car?
Location influences your must invest in a car. I’m unclear lots of people located in Central Bangkok could justify using a car since there is good public transport. There’s also lots of traffic which would make driving a nightmare.
If you want to travel outside the downtown area for business, it becomes absolutely essential to obtain private transportation. Having a car may appear great for weekend trips outside the big city, but you have to take into consideration how often you would use the car and if it could boost your standard of living.
For people with chose to purchase a car, your location will help determine what type of car would best suit your needs. When you travel long distances from your rural area then this larger car for cruising around will make sense. If you are living from the city, deciding on a small compact car to create traversing through traffic easier is definitely the better option. You can keep to the Thai trend and purchase a massive pickup truck, regardless of where your home is.
Pickup truck is really a number 1 selection for many Thai families.
Long Lasting vs Short-term
A vital factor for many expats to take into account is whether they are staying in the nation for a long- or short-period of time.
Long-term expats get more reason to acquire an automobile since it is a substantial financial investment in Thailand. Those married, here on retirement visas, or those that have full time jobs who stay for the long haul could benefit from possessing a car.
Those here for a short moment have to take into account the resale value of their car and the way easy it’ll be to promote. As you’ll see there may be a substantial amount of paperwork involved when selling a car. For people for a quick time, it might not be your best option. You also have to consider that should you must leave Thailand with a certain date the vehicle has to be sold by then that may create problems should you be rushing to identify a buyer.
There may be always the option of leasing a vehicle for a time period of a few months up to a year or counting on local public transport and taxis. I wouldn’t get a car should you aren’t gonna be in Thailand for over a year-until you are living in a rural area.
If you’re seeking a brand which holds it value then this best bet is actually a Honda or Toyota or perhaps the top models from Japanese car makers.
One common reason behind purchasing a car in Thailand is made for if you have a family group and don’t wish to count on public transport. I wouldn’t would like to have a baby on a bus or perhaps in a taxi. I feel it might be irresponsible plus a car will be the safest strategy to transport your family members when you are unattainable from 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 most models can be bought in Thailand.
New Cars vs Used Cars
One of the primary choices you’ll must make is whether or not you need to purchase a used or new car. There are actually positives and negatives to both. Lots of people choose to buy new due to lower maintenance costs and frequent deals. But there is also a thriving used car market in Thailand. And the chance of buying using their company expats in Thailand means it is possible to experience many of the process in English.
Whenever you get a new car, there are numerous of benefits. You can obtain a lot of extras thrown in should you be good at negotiating. Here in Thailand, most dealers manage to sell at the recommended list prices but the extras are where you can try to get added value. It’s normal to have the initial year’s insurance covered or tinted windows, for instance.
If you buy new, you’ll have assurance knowing you are the first owner in the car, so there shouldn’t be any surprises later on. Buying a new car means you have more finance options available, and you’ll get the chance to talk to the dealership regarding your personal situation.
During my research with this article, people claimed that the dealership where they bought their car also offered them better part-exchanges on new car purchases. Your relationship between the customer and dealer allows expats to inquire more questions with the experts before, during, and right after the buying process. As you’ll see below the shopping process isn’t always easy but by utilizing a certified dealer you’ll be dealing with salespeople that have experience negotiating with expats.
The main benefit of a pre-owned car is you have a cheaper set of wheels. There is the likelihood of a great deal in Thailand, nevertheless in general used cars hold their value well and cost over you would probably pay in western countries.
You might also need the possibility to get a used car from the licensed dealer meaning you’ll better your chances of getting a service package or insurance. Used cars can be obtained from numerous sources and many of them supply the cheapest prices available on the market.
One negative for used cars may be the 7% VAT that’s put into the bill if you purchase from a showroom or second hand car dealer, or work with a loan to finance the purchase. To avoid this payment you can buy in cash from your private seller. Buying from your private seller who may have looked after their car is a superb option. Thai people call these “house cars.”
Looking around the roads of Thailand I saw two trends. The very first was the volume of pickup trucks and the second was the popularity of Honda and Toyota cars.
Coming from the UK the location where the roads are loaded with Fords and Renaults, I put the quantity of Hondas and Toyotas right down to the Thai love of Japanese products. Having Said That I soon discovered some other reasons for popularity. Honda and Toyota are a couple of the vehicle brands which can be made in Thailand and have lower taxes and selling prices than imports. Tax is likewise the reason for the great number of pickup trucks. These cars use a reduced excise tax, leading them to be a favorite choice for most people.
One more reason for the popularity of these two brands may be the accessibility to certified mechanics. Every town may have a garage to mend these cars and also the parts are really easy to come by. Even third-party garages will likely be knowledgeable of top-brand cars.
Wasawad Wasuthasawat said, “black and white” were the two most popular colors for cars and might be a good option had you been trying to sell your automobile after a few years.
Irrespective of the model, black are white are two most popular colors in Thailand.
Researching shows Toyota, Honda, Isuzu, Mitsubishi, Mazda, Nissan, Suzuki, Ford, Chevrolet, and MG are made in Thailand and they are priced 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 even in America. Imported finished cars and trucks are subject to a 300% tax, leading them to be thrice more costly compared to Europe or America.
“The Corolla or Altis is one of the best-selling models for the public,” Damien Kerneis said. “It holds its value well and you can easily find spare parts.” As this is the kind of most taxis in Bangkok, it is going without stating that these cars are a wonderful choice for those within a strict budget considering getting their own personal wheels in Thailand.
There are several options when it comes to buying a car, used or new, in Thailand. Traditional dealerships are popular however, there is also an ever-growing selection of online alternatives for buying a car.
The dealership was the initial place I visited when selecting a vehicle in Thailand. I felt reassured by looking at an official dealership and felt I would personally receive better service and a lot more legal fallback if there was any problems. It also seemed easier to get finance using an authorized dealership than depending on alternative methods, which can be listed later in this post.
I went into the whole process of buying with out a preference towards brand. My issue was budget. I would like to possess a BMW, but based on Thailand prices they are certainly not value for the money-and solution of my price range. Going to a dealership meant I could possibly chose a cheaper brand, examine their entire selection of models, and discuss pricing options. The benefit is there are car dealerships in the big cities and towns. Within ten kilometers of my condo in Bangkok, by way of example, I was able to visit an array of car dealerships.
Another advantage of a dealership is that you could see new and used cars and compare costs and conditions. Most official dealerships also have promotions, and give warranties and extras on not just new cars, but used cars also.
There is also the option to examine drive an auto if you have a Thai driving license, a license from home country, or perhaps an international license.
Just like many places in Thailand, at dealerships salespeople will treat you based on your appearance. Once I walked in wearing a scruffy T-shirt and shorts I purchased little attention. But when I went along with jeans, a collar shirt, and dress shoes I had salespeople jumping over themselves to help me. Maybe this became just random luck-or bad customer service at some dealerships-but there is a correlation in between the two.
The Bangkok International Motor Show is probably the most favored places for Thais to buy a fresh car. Sales in the 2015 show were likely to be over 40,000 and that is a lot to the 7-day event. Often discounts are provided and then there are excellent promotions. 2017’s event was held in the Impact Arena around the outskirts of Bangkok just before Songkran.
Before, the big event continues to be criticized as being a little more about the pretty models, but once the recent Junta takeover things have been toned down and the cars are taking center stage again.
Additionally it is present with see mini shows inside the numerous shopping centers around Thailand. My local mall, Fashion Island, appears to have one or more car company showcasing new models every few weeks. They have huge signs offering discounts however it is not clear if these are the same deals you’d get in the dealership. One benefit of these events with the mall is the fact that there is less pressure to acquire and also you have the opportunity to see and sit in a vehicle.
Regenthomecar, an example of an automobile tent in Thailand
Certainly one of my Thai friends informed me I could possibly purchase a car at the tent which confused me. I googled “car tent” and discovered pictures of tents covering cars. It wasn’t until I came across this short article where I found out an auto tent can be a used-car dealership.
Many cars feature limited warranties and several can be bought “as seen” so you should have a true comprehension of cars to get a good buy. Tricks for example winding down the mileage and putting different parts into cars do continue so buyer beware.
Many car tents work jointly with a finance company along with a loan may be decided immediately. It’s best to create a payment and drive the car away. It’s not unknown for car tents to modify parts whenever a customer pays a deposit and comes back later for the car. Also, if you pay by cash the price tag on the vehicle might be more than if financing, since some car tents get commission from offering loans.
If you are looking for any car to help you get from point A to point B then looking for bargains at the car tent happens to be an option.
Car auctions are fantastic fun to observe. The climate is exciting and so i believe it is intriguing to learn the tactics from the bidders trying workout their top price. Getting a car through auction can be something I would personally be suspicious to try for many reasons though.
The problem is you need to compete against other bidders and could wind up paying greater than you’re ready to in the heat of battle. At auctions you’ll have to make quick decisions and may not get yourself a full description in the vehicle or have limited chances to inspect it. I wouldn’t buy a car from auction unless I had full expertise in the car and might inspect the automobile first, ensuring it was actually in good order.
However, you are able to sometimes obtain a bargain with an auction if others aren’t interested in a vehicle you would like. Those that have familiarity with cars may be confident that they can spot a good deal whenever they see one.
If you’re enthusiastic about car auctions, have a look at Union-Auction and Manheim, which both have listings for car auctions in Thai and English. Both sites give pictures and descriptions for the cars available and list fees you must pay.
Manheim gives the following info on 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 bought in the financiers vehicle auction and the salvage vehicle auction. The buyer’s fee for burnt out vehicles is 4,000 baht and for motorcycles it’s 1,650 baht. For trucks it’s 12,500 baht. Should you buy a financiers or salvage vehicle using Simulcast, yet another buyer’s fee of 1,420 baht applies. If you purchase a motorcycle using Simulcast, yet another buyer’s fee of 250 baht applies. Full payment in cash or bank check is required by 4pm the working day after the sale. VAT is included unless otherwise indicated. Check on site, in auction catalogues, or with cashiers for fees applicable for your vehicle.
The auction can be a fun, exciting, fast process. So here’s some tips to help you succeed.
Set yourself a budget
Look into the car you would like to invest in, such as the documents
Pay by internet bank transfer to the safest way of payment
All cars can be bought “as is, where is;” you will find no returns
Browse the terms and conditions
Ensure you have the correct name registered to the auction
Bid clearly and don’t delay until the final minute.
A quick look on the search engines shows there are plenty of car auctions in Thailand therefore you could possibly find a local independent auction near you.
Buying a car online is becoming more popular nowadays. Many sites have sprung up in Thailand to cater to the desires of Internet shoppers. These web sites cater toward the sales of used cars, however, many websites offer sales of new cars, or links to promotions from dealerships.
There are many listings on forums and social networking that may match you with a seller. The term “Buyer Beware” is very important here, because there could be limited recourse if the buyer purchases an auto as seen and happens to be a lemon.
For a good source of online cars in Thailand have a look at these sites:
This site is simple to use and clear. You enter quick and easy information regarding your financial budget, location, and make and model and you get yourself a set of results. In addition to the license plate number, you get all things in English, and the lists provides you with pictures and make contact with variety of the seller. Take into account this website is designed for people interested in buying used cars.
The site is effective if you are looking to acquire a guide price and discover information about your nearest dealer. An important selling reason for this website is because they list cars obtainable in dealerships, both new and used. Because of this you may pick-up a bargain from the dealer rather than just from a private individual.
Other selection for online purchases is to look at sites like kaidee.com and bahtsold.com, that provide secondhand goods including cars. Craiglist also provides a web site for used cars in Thailand. Again, buyer beware and realize that you’re unlikely to obtain any support in the seller following the purchase has become made.
As I would buy my first car around 20 years ago my dad went right to the newsagents and acquired a duplicate of Auto Trader magazine. It listed a huge number of used cars available for purchase and was like his bible. You can compare prices and specs to find out that which was an acceptable price for various models.
Nowadays, lots of this business has moved online but it’s still easy to find offline car listings in Thailand. National and local newspapers have car sections with private listings, that happen to be worth a peek if you want to go this route.
One of my colleagues bought up a car from your private listing at his condo. The owner had left a flyer and also the sale progressed quickly because they lived several rooms away from the other.
Also, many cars within the street have on the market posters or stickers upon them. You could even view a available for purchase brochure for your car you’re looking for. There’s no exact science to purchasing a vehicle, but fate might provide you with to your dream car around the soi you’re walking down.
When you’ve decided to go ahead to make your purchase you have a few hoops to jump through. Depending on how you bought the automobile will depend on how much of the subsequent you’ll have to do. When buying a brand new car it’s likely that the dealer will be after most, if not all, from the paperwork for you. But when getting a second hand car, you’ll must be more mitts on if buying from a private individual.
After discovering the right dealer you have to reserve the auto by paying a deposit, usually 5,000 – 10,000 baht. The reason for this can be that cars in Thailand tend to be intended to order. You must get the receipt after making payment on the deposit, stating everything relating to your new car including: model, color, delivery date, and freebies you got from your negotiation. Sometimes, it may take up to six months for your car to become shipped to you.
As soon as the car arrives, you need to examine the car from bumper to bumper. Be sure to bring it for the test drive and check that most freebies are included. Look at the warranty to the manufacture date, inspection dates, and customer details. Make certain things are perfect before accepting the vehicle. When possible, bring a vehicle expert along. Also, take note of the engine number to make sure that here is the same car you inspected.
You need to receive all documents on on that day including auto insurance, CPTL, car manual, the temporal red book, as well as the tax sticker.
New cars need to have special red license plates that is to be substituted with the official white plates in a few months. The fee for these temporary ones is about 2,500 baht but you may be refunded once you change up to the white plates. Failure to transfer through the red temporary plates on the white official ones could lead to a great if you are pulled over by the police. A lot of people do love to keep red plates on simply to show they have a new car.
You will get you’re official blue ownership book a few days after or on a single day you get the white plates. When you finance the car you’ll obtain a copy from the blue book. The finance company is going to be listed as the owner from the car. The blue book and car will probably be transferred in your name when the loan pays off.
When driving with red license plates there are several things you must be aware of. First, it is best to keep the ownership and transfer documents along with you. When the police decide to stop you then you’re prone to pay a fine in the event you can’t prove ownership. Second, with red plates you might be tied to driving during daylight hours and also in the province the automobile is registered to.
All car registration paperwork is managed by the Department of Land Transport. The dealer must do it for you once every one of the following documents have already been prepared:
Passport (signed copies of all the visa pages and knowledge page)
A signed copy of your work permit or possibly a certificate of residency from the Immigration Bureau or maybe the applicant’s embassy
A valid Thai driving license
If you want a specific registration plate number, it could be done sixty days ahead of time before your car arrives at the Department of Land Transport. A duplicate of the passport, residential certificate, as well as the car purchase contract are required. Though some car dealerships should certainly try this for any small fee.
Department of Land Transport in Bangkok Area 3
Before buying a used car, check the car’s Blue Book or its copy (in case the car is financed) in addition to checking the vehicle. The engine number should be the just like what exactly is on the blue book. This ensures your vehicle is among the seller and prevents unexpected problems like investing in a stolen car. In case a seller cannot demonstrate the blue book, it’s safer to take your hard earned money elsewhere.
While the required documents from your buyer are identical as registering a fresh car, the process of purchasing a used car might be separated by five common cases.
The 1st case is to buy the automobile from a used car dealer similar to a car tent. Prices are usually more than buying coming from a private seller but they’ll have every piece of information relevant to the auto transfer and in many cases take care of the financial loan.
The next case is to find from your private seller assuming you possess enough cash. You’ll must handle all the paperwork yourself. A private seller provides documents just like a signed copy with their ID Card, a signed copy of their house registration, Blue Book, the strength of attorney, and the transfer of ownership. They then let the buyer complete the full process once everything is paid for. Or else you and the seller can arrange a date and proceed to the Department of Land Transport together to perform the transfer.
The next case is that you simply have sufficient cash but the car is still on finance. It’s a smart idea to should check out the finance company with the seller and finished the purchase contract and transaction there. The finance company ought to be the a person to perform paperwork and send an updated Blue Book together with your name within 2 weeks.
If you need to finance the automobile you should pay a deposit beforehand, normally at 5,000 baht-ensure that you sign the deposit contract. The vendor should supply you with a couple of weeks for producing the financial loan. Once it’s approved, you ought to get a check issued with all the seller’s name. Then, the vendor should supply you with the necessary documents for creating the car transfer. You can handle the others yourself or perhaps the seller can proceed to the Department of Land Transport along with you. When you can’t get yourself a loan promptly, the owner has right to accept deposit unless it’s negotiated beforehand.
In case a car is still on finance and you have to get financing to buy the automobile, the simplest way is to see the finance company and also have them transfer the money in your name. You could still must pay a share to the seller along with a processing fee for the finance company though.
The transfer process takes several steps. Step one is always to submit all paperwork and obtain it checked and stamped by an official. During this period, they can request you to keep coming back in some days if you purchased a car from another province. When everything has been checked, you have to come back and inspect the automobile. The inspection makes certain the car matches the important points on the submitted forms and there are not one other problems. Finally you will end up asked to come back to recover plates as well as the Blue Book.
In case the car is transferred in the same province, everything should be finished within several hours. If it’s moved to another province, it will require a couple of days.
For a peek at doing the process yourself get more information at a free account of registering an auto yourself in Chiang Mai. This report comes from 4 years ago nevertheless the process continues to be the same. The entire dexupky01 inside the article is 940 baht to sign up the vehicle. It took considerable time as the owner bought the automobile from Bangkok and registered the vehicle in Chiang Mai.
The transfer expense is different based on the estimated volume of the sale value of your vehicle. There’s a 105 baht for transferring fee plus a stamp fee of .005 baht from your estimated car price. For instance, when the car is estimated at 300,000 baht, the entire transfer cost would be 1,605 baht (105 (300000 x .005)).
Finally, if you are unable to make it happen yourself, it is possible to give the strength of attorney to a different one person to finish the paperwork for yourself.
Used cars registered in the different province need to have a fresh group of plates. The price of this really is around 200-300 baht.
One of my biggest concerns when buying an auto was in which the money will come from. Despite having the most affordable models I would still have to borrow to finish the sale.
It’s possible for foreigners to have loans in Thailand to buy a vehicle but there are strict restrictions. The foreigner will need to have a bank account with good standing at a local bank. The foreigner demands a work permit or similar showing they’re here lasting. A lot of people stated that they have been successful receiving a car loan using a tourist visa, but it really seems to take a lot of effort, needs a higher deposit payment, and it is decided upon through the manager at each place.
To the first car a foreigner buys they will need to have a Thai guarantor. This is often a relative or friend but they should be aware about the specific situation and what will happen in the event the foreigner defaults on the loan. For the purchase of all cars thereafter and where loan is thru exactly the same source, a guarantor is just not needed. The exception to needing a guarantor occurs when the deposit payment is between 50-70%.
The last stipulation for obtaining financing is that the absolute minimum deposit of around 20% is required. Sometimes a bank will request a higher downpayment should you be new in the nation or have limited funds with your bank. Either way ensure you prepare copies of your own work permit, passport, bank statement, and wage slips before applying for a loan.
Reuters reported how the rate of loan defaults has become rising due to the poor performance in the Thai economy and increasing household debt. Therefore the conditions in order to get that loan have grown to be stricter as well as the bank may request a Thai guarantor according to your circumstances. One positive is the banks are ready to loan money to foreigners for auto purchases, unlike in terms of financing property. They also offer special incentives such as % interest introductory offers.