People transportation system is unreliable generally in most aspects of Thailand. Having a car is needed for several Thais and expats who live here. Sure Bangkok offers the BTS and MRT. And the majority of major cities and towns possess a van network and local buses or songthaews. But these don’t serve the requirements everyone. I won’t believe that the BTS and MRT are great systems, but they’re inadequate for the requirements of the area. And they’re only suited to those living in the central zone. Many expats reside in areas such as Chonburi, Phuket and Chiang Mai, where subway lines and sky trains remain a distant dream.
Sweating in the bus, risking safety within a public van, and waiting on unscheduled buses means that many people decide to purchase a car, particularly those living outside of Bangkok. The quality of life and freedom that owning car for cash provides you with creates a huge difference. Imagine traveling on the bus or even in a taxi by using a baby or praying to a higher power that the van driver will bring you in your destination safely.
Heads up: I’m very detailed. This post is approximately a 38 minute read. Almost no time? No worries. It is possible to email the ad-free version of the article to yourself and look at it later.
How to begin
When I bought my first car I needed one million questions. I wasn’t “into” cars and didn’t know much concerning the industry and the way things worked. A lot of people visit their dads for car advice, and so i traveled to mine. I had been lucky because my dad worked in the car industry in excess of 25 years and that he gave me a great deal of advice. I purchased a vehicle I had been satisfied with. However, in Thailand things work differently. Thus I used the recommendation from my father as well as from a few great local sources: Damien Kerneis, Co-Founder of SiamCarDeal, and Wasawad Wasuthasawat, Country Manager at Carsome.co.th.
In addition, i used lots of online sources and through this informative article I will give you quotes, figures, and links to useful sites to assist you to buy a car in Thailand.
Why Buy a Car?
Location influences your must purchase a car. I’m unsure many individuals surviving in Central Bangkok could justify developing a car as there is good public transport. There’s also plenty of traffic which could make driving a nightmare.
If you need to travel beyond the downtown area for business, it gets an absolute necessity to get private transportation. Using a car may appear good for weekend trips outside of the big city, but you should think of how many times you would take advantage of the car and when it might increase your quality of life.
Should you have chosen to buy a car, your physical location will help determine what sort of car would best meet your requirements. If you travel long distances from the rural area then the larger car for cruising around makes sense. If you live within the city, deciding on a small compact car to produce traversing through traffic easier would be the better choice. You can stick to the Thai trend and buy a massive pickup truck, wherever your home is.
Pickup truck is really a number one selection for many Thai families.
Long Term vs Short-term
An important factor for several expats to think about is whether they are staying in the united states for a long- or short-period of time.
Long-term expats acquire more reason to buy a vehicle since it is a tremendous financial investment in Thailand. Those married, here on retirement visas, or people that have full-time jobs who stay for the long term will benefit from using a car.
Those here for a short period need to take into account the resale worth of their car and exactly how easy it’ll be to market. As you’ll see there is a considerable amount of paperwork involved when selling an automobile. For those here for a shorter time, it is probably not your best option. You should also take into account that should you must leave Thailand on a certain date the auto should be sold by then which may create problems if you are rushing to locate a buyer.
There may be always the option for leasing an auto for a time period of a couple of months up to a year or relying upon local public transport and taxis. I wouldn’t get a car when you aren’t likely to be in Thailand for more than a year-unless you are living in a rural area.
If you’re looking for a brand which holds it value then this best choice is a Honda or Toyota or maybe the top models from Japanese car makers.
One common reason for buying a car in Thailand is designed for when you have a family group and don’t would like to rely on public transport. I wouldn’t want to require a baby over a bus or in a taxi. I feel it would be irresponsible as well as a car is the safest strategy to transport your loved ones should you be out of reach from the MRT and BTS in Bangkok.
Parents.com have listed their top cars released in 2016 for families. This list is worth a peek as many models are available in Thailand.
New Cars vs Used Cars
One of the biggest choices you’ll must make is if you need to buy a new or used car. You can find benefits and drawbacks to both. Lots of people want to buy new due to lower maintenance costs and frequent special offers. But additionally there is a thriving second hand car market in Thailand. And the potential of buying off their expats in Thailand means you can undergo most of the process in English.
Once you get a new car, there are a variety of advantages. You can get a number of extras thrown in if you are proficient at negotiating. Within Thailand, most dealers often sell at the recommended list prices nevertheless the extras are where you may try to get added value. It’s normal to have the first year’s insurance covered or tinted windows, for example.
If you opt for new, you’ll have peace of mind knowing you are the first owner of the car, so there shouldn’t be any surprises at a later time. Purchasing a new car means you may have more finance options open to you, and you’ll have the opportunity to speak 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 your customer and dealer allows expats to question more questions together with the experts before, during, and after the shopping process. As you’ll see beneath the buying process isn’t easy but by making use of an authorized dealer you’ll be coping with salespeople who may have experience negotiating with expats.
The key good thing about a pre-owned car is you have a cheaper group of wheels. There is a likelihood of a good deal in Thailand, but in general used cars hold their value well and price over you might pay in western countries.
You might also need the possibility to acquire a used car coming from a licensed dealer meaning you’ll better the likelihood of obtaining a service package or insurance. Used cars can be bought from many different sources and a number of them provide you with the cheapest prices in the marketplace.
One negative for used cars may be the 7% VAT that’s added to the bill if you pick from the showroom or second hand car dealer, or make use of a loan to finance the acquisition. In order to prevent this payment you can aquire in cash from the private seller. Buying from a private seller who may have looked after their car is a great option. Thai people call these “house cars.”
Looking around the roads of Thailand I saw two trends. The 1st was the volume of pickup trucks along with the second was the buzz of Honda and Toyota cars.
From the UK the location where the roads are filled with Fords and Renaults, I put the volume of Hondas and Toyotas as a result of the Thai passion for Japanese products. Having Said That I soon discovered some other reasons for their popularity. Honda and Toyota are a pair of the car brands which can be produced in Thailand and have lower taxes and selling prices than imports. Tax is likewise the reason for the multitude of pickup trucks. These cars have got a reduced excise tax, which makes them a common choice for many individuals.
One more reason for your demand for these two brands will be the option of certified mechanics. Every town can have a garage to correct these cars and also the parts are simple to come by. Even third-party garages is going to be knowledgeable of top-brand cars.
Wasawad Wasuthasawat said, “black and white” were two of the most popular colors for cars and would have been a good option should you be seeking to sell your car or truck after several years.
No matter 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 so are priced better than other brands. BMW and Mercedes are assembled in Thailand but use imported parts that make them more expensive than they’d be throughout Europe or even in America. Imported finished cars and trucks are subject to a 300% tax, causing them to be 3 x more pricey in comparison 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 actually find spares.” Since this is the style of most taxis in Bangkok, it goes without saying that these cars are a good option for those with limited funds considering getting their very own wheels in Thailand.
There are numerous options in terms of buying a car, new or used, in Thailand. Traditional dealerships are popular however, there is also an ever-growing set of online choices for getting a car.
The dealership was the initial place I visited when choosing an automobile in Thailand. I felt reassured by looking at an official dealership and felt I would receive better service and much more legal fallback if there were any problems. Furthermore, it seemed easier to get finance through an authorized dealership than relying on alternative methods, that happen to be listed later on this page.
I went into the procedure of buying without having a preference towards brand. My issue was budget. I want to have a BMW, but based on Thailand prices they are certainly not excellent value for the investment-and solution of my budget range. Visiting a dealership meant I could selected a cheaper brand, examine their whole variety of models, and discuss pricing options. The benefit is there are car dealerships in all the big cities and towns. Within ten kilometers of my condo in Bangkok, as an example, I could possibly visit a wide array of car dealerships.
Another benefit of a dealership is that you may see new and used cars and compare prices and conditions. Most official dealerships also have promotions, and give warranties and extras on not only new cars, but used cars as well.
You might also need the option to examine drive a vehicle for those who have a Thai driving license, a license out of your home country, or an international license.
As with many places in Thailand, at dealerships salespeople will treat you according to your appearance. When I walked in wearing a scruffy T-shirt and shorts I got little attention. But when I went together with jeans, a collar shirt, and dress shoes I needed salespeople jumping over themselves to help me. Maybe this was just random luck-or bad customer satisfaction at some dealerships-there is however a correlation in between the two.
The Bangkok International Motor Show is amongst the most widely used places for Thais to get a fresh car. Sales from your 2015 show were likely to be over 40,000 which is a lot for the 7-day event. Often discounts receive and there are fantastic promotions. 2017’s event was held at the Impact Arena about the outskirts of Bangkok prior to Songkran.
Before, the big event is criticized as being a little more about the pretty models, but once the recent Junta takeover things have been toned down along with the cars are now taking center stage again.
It is also present with see mini shows from the numerous shopping malls around Thailand. My local mall, Fashion Island, may have a minimum of one car company showcasing new models every few weeks. They may have huge signs offering discounts yet it is not clear if these are the basic same deals you’d get at the dealership. One benefit from these events on the mall is there may be less pressure to acquire so you have the opportunity to discover and sit in the car.
Regenthomecar, an illustration of an automobile tent in Thailand
Certainly one of my Thai friends informed me I could purchase a car with the tent which confused me. I googled “car tent” and found pictures of tents covering cars. It wasn’t until I discovered this informative article where I found out a vehicle tent is really a used-car dealership.
Many cars come with limited warranties and lots of can be purchased “as seen” so you have to have an actual understanding of cars to acquire a good buy. Tricks such as winding along 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 can be arranged on the spot. It’s best to make a payment and drive the vehicle away. It’s not uncommon for car tents to improve parts every time a customer pays a deposit and comes back later for your car. Also, if you pay by cash the cost of the vehicle can be more than if financing, since some car tents get commission from giving out loans.
If you are searching for any car to help you get from point A to point B then trying to find bargains at the car tent could be an option.
Car auctions are excellent fun to look at. The climate is exciting and I discover it intriguing to examine the tactics from the bidders trying exercise their top price. Buying a car through auction is one thing I would be skeptical to test for many reasons though.
The problem is that you must compete against other bidders and can find yourself paying over you’re willing to in the heat of battle. At auctions you’ll have to make quick decisions and may also not have a full description of the vehicle or have limited chances to inspect it. I wouldn’t buy a car from auction unless I needed full familiarity with the car and might inspect the automobile first, ensuring it absolutely was in good order.
However, you are able to sometimes obtain a bargain in an auction if others aren’t interested in a car you need. People that have understanding of cars can be confident that they could spot a good deal whenever they see one.
If you’re considering car auctions, take a look at Union-Auction and Manheim, which have listings for car auctions in Thai and English. Both sites give pictures and descriptions for the cars available and list fees you need to pay.
Manheim affords the following information about fees and some ideas on their own FAQ page.
A buyers administration fee of 8,560 baht (including VAT 7%) applies to all lots purchased in the financiers vehicle auction along with 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. If 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 once 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 is really a fun, exciting, fast process. So here’s some tips to help you succeed.
Set yourself a budget
Check the car you want to invest in, for example the documents
Pay by internet bank transfer for your safest method of payment
All cars are offered “as is, where is;” there are actually no returns
Read the conditions and terms
Ensure you have the correct name registered to the auction
Bid clearly and don’t hold off until the final minute.
A simple look on bing shows there are many car auctions in Thailand which means you could possibly locate a local independent auction near to you.
Buying a car on the web is gaining popularity nowadays. Many sites have sprung up in Thailand to serve the desires of Internet shoppers. Websites like these cater toward the sales of used cars, however, many websites offer sales of new cars, or links to special deals from dealerships.
There are also many listings on forums and social media which can match you on top of a seller. The phrase “Buyer Beware” is essential here, because there may be limited recourse in the event the buyer purchases an automobile as seen and ends up being a lemon.
For a good source of online cars in Thailand take a look at the subsequent sites:
This web site is user friendly and clear. You enter quick and easy information regarding your budget, location, and make and model and you get yourself a set of results. Apart from the license plate number, you get all things in English, as well as the lists provides you with pictures and contact quantity of the seller. Bear in mind this web site is perfect for people thinking about buying used cars.
The web page is helpful if you are searching to get a guide price and locate information about your nearest dealer. A significant selling point of this web site is simply because they list cars for sale in dealerships, both new and used. This means that you are able to pick up a great deal coming from a dealer and not simply from the private individual.
The other selection for online purchases is to consider sites like kaidee.com and bahtsold.com, that provide secondhand goods including cars. Craiglist also has a site for used cars in Thailand. Again, buyer beware and know that you’re unlikely to have any support from your seller following the purchase continues to be made.
After I would buy my first car around 15 years ago my dad went directly to the newsagents and acquired a duplicate of Auto Trader magazine. It listed a large number of used cars on the market and was like his bible. You can compare prices and specs to view what was a reasonable price for different models.
Nowadays, lots of this business has moved online but it’s still easy to find offline car listings within Thailand. National and native newspapers have car sections with private listings, which are worth a style if you wish to go this route.
One among my colleagues bought up a vehicle coming from a private listing at his condo. The owner had left a flyer and also the sale progressed quickly because they lived a couple of rooms clear of the other person.
Also, many cars from the street have on the market posters or stickers upon them. You may even notice a available for purchase brochure for your car you’re searching for. There’s no exact science to purchasing a vehicle, but fate might give you to your dream car about the soi you’re walking down.
When you’ve decided to go ahead making your purchase there is a few hoops to leap through. Depending on how you purchased the automobile is determined by how much of these you’ll have to do. When buying a fresh car it’s likely that the dealer will appear after most, if not completely, of your paperwork for you personally. However when investing in a second hand car, you’ll have to be more on the job if buying from a private individual.
After discovering the right dealer you need to reserve the auto by paying a deposit, usually 5,000 – 10,000 baht. The real reason for this is that cars in Thailand are often made to order. You need to get the receipt after make payment on deposit, stating everything about your new car including: model, color, delivery date, and freebies you got from the negotiation. Sometimes, it might take up to 6 months for that car to be sent to you.
Once the car arrives, you should check the car from bumper to bumper. Be sure to accept it to get a test drive and view that every freebies are included. Check the warranty for the manufacture date, inspection dates, and customer details. Be sure everything is perfect before accepting the vehicle. If you can, bring a vehicle expert along. Also, take note of the engine number to make certain that this is actually the same car you inspected.
You ought to receive all documents on that day including automobile insurance, CPTL, car manual, the temporal red book, and also the tax sticker.
New cars need to have special red license plates which will be replaced with the state white plates in some months. The fee for these temporary ones is around 2,500 baht but you will certainly be refunded when you change up to the white plates. Failure to transfer from the red temporary plates to the white official ones may result in an excellent should you be pulled over with the police. A number of people do like to keep red plates on only to show they have a new car.
You will definately get you’re official blue ownership book a few days after or on a single day you receive the white plates. Should you finance the vehicle you’ll get a copy from the blue book. The finance company will be listed as the owner from the car. The blue book and car is going to be transferred into the name as soon as the loan is paid off.
When driving with red license plates there are many facts you must be aware of. First, it is recommended to make your ownership and transfer documents along with you. If the police opt to stop you then you’re liable to pay a great if you can’t prove ownership. Second, with red plates you happen to be limited to driving during daylight hours as well as in the province the auto is registered to.
All car registration paperwork is managed through the Department of Land Transport. The dealer must do it for you once all the following documents are already prepared:
Passport (signed copies of all visa pages and knowledge page)
A signed copy of your work permit or a certificate of residency from the Immigration Bureau or even the applicant’s embassy
A valid Thai driving license
Should you prefer a specific registration plate number, it could be done two months beforehand before your car or truck arrives on the Department of Land Transport. A duplicate of the passport, residential certificate, and also the car purchase contract are required. Though some car dealerships will be able to do this to get a small fee.
Department of Land Transport in Bangkok Area 3
Before choosing a used car, examine the car’s Blue Book or its copy (in the event the car is financed) together with checking the vehicle. The engine number should be the same as precisely what is on the blue book. This ensures the vehicle belongs to the seller and prevents unexpected problems for example buying a stolen car. If a seller cannot show you the blue book, it’s preferable to take your money elsewhere.
While the required documents from your buyer are exactly the same as registering a fresh car, the treatment of buying a used car may be separated by five common cases.
The very first case is to purchase the auto from a second hand car dealer such as a car tent. Prices tend to be more than buying from a private seller but they’ll have all the details related to the car transfer and even handle the financial loan.
The second case is to purchase from your private seller assuming you have enough cash. You’ll must handle every one of the paperwork yourself. A private seller provides documents like a signed copy in their ID Card, a signed copy of their house registration, Blue Book, the effectiveness of attorney, and also the transfer of ownership. They then allow the buyer complete the full process once things are all paid for. Or perhaps you as well as the seller can arrange a date and go to the Department of Land Transport together to accomplish the transfer.
The third case is you have plenty of cash although the car remains to be on finance. It’s recommended that you should check out the finance company together with the seller and complete the investment contract and transaction there. The finance company should be the anyone to perform the paperwork and send an updated Blue Book together with your name within 2 weeks.
If you want to finance the automobile you have to pay a deposit in advance, normally at 5,000 baht-ensure that you sign the deposit contract. The owner should supply you with a couple weeks for making the financial loan. Once it’s approved, you must get a check issued using the seller’s name. Then, the vendor should supply you with the necessary documents for creating the vehicle transfer. You may handle the rest yourself or the seller can check out the Department of Land Transport along. When you can’t have a loan by the due date, the seller has right to take the deposit unless it’s negotiated beforehand.
In case a car continues to be on finance and you should get that loan to get the auto, the easiest way is to go to the finance company and also have them transfer the financing to your name. You may still need to pay a percentage towards the seller and 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. At this stage, they might request you to come back in a few days in the event you bought a car from another province. When everything has been checked, you have to come back and inspect the car. The inspection makes certain the vehicle matches the important points in the submitted forms and that you have not one other problems. Finally you will certainly be asked to return to recover plates and the Blue Book.
In the event the car is transferred within the same province, everything ought to be finished within several hours. If it’s transferred to another province, it should take a couple of days.
For a look at doing the process yourself get more information at a free account of registering a vehicle yourself in Chiang Mai. This report comes from 4 years ago although the process remains to be the same. The complete dexupky01 in the article is 940 baht to register the auto. It took a lot of time for the reason that owner bought the car from Bangkok and registered your vehicle in Chiang Mai.
The transfer expense is different based on the estimated level of the sale worth of your car. There’s a 105 baht for transferring fee as well as a stamp fee of .005 baht through the estimated car price. As an example, in the event the car is estimated at 300,000 baht, the total transfer cost could be 1,605 baht (105 (300000 x .005)).
Finally, if you are unable to accomplish it yourself, you can give the power of attorney to a different one person to complete the paperwork for you personally.
Used cars registered within a different province will require a fresh list of plates. The price of this can be around 200-300 baht.
Certainly one of my biggest concerns when purchasing an automobile was the location where the money would come from. Despite having the most affordable models I might still must borrow to finish the sale.
It’s possible for foreigners to have loans in Thailand to acquire a vehicle but you will 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 long lasting. A lot of people stated they may have been successful obtaining a auto loan utilizing a tourist visa, but it really appears to take lots of effort, needs a better deposit payment, which is determined from the manager at each place.
To the first car a foreigner buys they will likely need to have a Thai guarantor. This is often a relative or friend but they should be aware of the specific situation and what occurs in case the foreigner defaults about the loan. For the purchase of all cars thereafter and where the loan is via the same source, a guarantor is not needed. The exception to needing a guarantor is when the deposit payment is between 50-70%.
The ultimate stipulation for getting that loan is a minimum downpayment of about 20% is necessary. Sometimes a bank will request a higher down payment in case you are new in the nation or have limited funds in your bank. In any event ensure you prepare copies of your respective work permit, passport, bank statement, and wage slips before applying for a loan.
Reuters reported the rate of loan defaults is rising because of the poor performance of the Thai economy and increasing household debt. Hence the conditions for getting that loan have become stricter as well as the bank may request a Thai guarantor according to your circumstances. One positive would be that the banks are ready to loan money to foreigners for auto purchases, unlike with regards to financing property. Additionally, they offer special incentives like % interest introductory offers.