Everyone transportation method is unreliable in the majority of parts of Thailand. Developing a car is needed for a lot of Thais and expats who live here. Sure Bangkok offers the BTS and MRT. And a lot major towns and cities have a van network and local buses or songthaews. But these don’t serve the requirements everyone. I won’t debate that the BTS and MRT are excellent systems, but they’re inadequate for the requirements the city. And they’re only ideal for those surviving in the central zone. Many expats live in areas like Chonburi, Phuket and Chiang Mai, where subway lines and sky trains will still be a distant dream.
Sweating in the bus, risking safety inside a public van, and waiting on unscheduled buses ensures that a lot of people elect to buy a car, specially those living outside Bangkok. The quality of life and freedom that owning car for cash provides you with makes a huge difference. Imagine traveling on a bus or in a taxi using a baby or praying into a higher power your van driver will give you to your destination safely.
Heads up: I’m very detailed. This information is approximately a 38 minute read. No time at all? No worries. You may email the ad-free version of the article to yourself and browse it later.
How to begin
After I bought my first car I needed one million questions. I wasn’t “into” cars and didn’t know much regarding the industry and just how things worked. A lot of people head to their dads for car advice, and so i visited mine. I had been lucky because my dad worked in the vehicle industry for more than twenty five years and then he provided me with a great deal of advice. I got an auto I found myself satisfied with. However, in Thailand things work differently. Thus I used the advice from my father and in addition from a number of great local sources: Damien Kerneis, Co-Founding father of SiamCarDeal, and Wasawad Wasuthasawat, Country Manager at Carsome.co.th.
I also used lots of online sources and thru this post I will provide you with quotes, figures, and links to useful sites to assist you buy a car in Thailand.
Why Get a Car?
Location influences your should invest in a car. I’m not sure lots of people living in Central Bangkok could justify using a car as there is good public transport. There’s also plenty of traffic which would make driving a nightmare.
If you want to travel outside of the downtown area for business, it gets a necessity to have private transportation. Developing a car might sound best for weekend trips away from the big city, but you have to take into consideration how frequently you will make use of the car and when it might increase your quality of life.
For people with decided to purchase a car, your local area can help determine what type of car would best meet your requirements. In the event you travel long distances from the rural area then a larger car for cruising around would make sense. Living in the city, picking a small compact car to make traversing through traffic easier would be the better option. You can keep to the Thai trend and acquire a huge pickup truck, wherever you reside.
Pickup truck can be a # 1 selection for many Thai families.
Long Lasting vs Short Term
A vital factor for a lot of expats to think about is whether or not they are staying in the united states for some time- or short-time frame.
Long term expats get more reason to buy an automobile because it is a substantial financial investment in Thailand. Those married, here on retirement visas, or those with full time jobs who stay for the long term may benefit from developing a car.
Those here for a while must take into account the resale price of their car and the way easy it’ll be to offer. As you’ll see there may be a considerable amount of paperwork involved when selling an auto. For anyone here for a shorter time, it will not be the best choice. You should also take into consideration that if you must leave Thailand on a certain date the car has to be sold at that time which may create problems if you are rushing to discover a buyer.
There is always a choice of leasing an auto for a time period of several months up to and including year or depending on local public transport and taxis. I wouldn’t get a car in the event you aren’t will be in Thailand for more than a year-until you live in a rural area.
If you’re looking for a brand which holds it value then the best choice is really a Honda or Toyota or perhaps the top models from Japanese car makers.
One common reason behind getting a car in Thailand is perfect for in case you have a family group and don’t wish to rely on public transport. I wouldn’t wish to require a baby on the bus or even in a taxi. I feel it could be irresponsible along with a car may be the safest strategy to transport your family when you are unattainable in the MRT and BTS in Bangkok.
Parents.com have listed their top cars released in 2016 for families. This list is definitely worth a peek because so many models can be found in Thailand.
New Cars vs Used Cars
One of the greatest choices you’ll have to make is whether you wish to purchase a new or used car. You will find advantages and drawbacks to both. A lot of people prefer to buy new due to the lower maintenance costs and frequent special offers. But there is also a thriving second hand car market in Thailand. And the chance of buying utilizing expats in Thailand means you may go through many of the process in English.
When you buy a new car, there are many of benefits. You can get a number of extras thrown in if you are great at negotiating. Within Thailand, most dealers often sell at the recommended list prices nevertheless the extras are where one can attempt to get added value. It’s normal to get your first year’s insurance covered or tinted windows, as an example.
If you purchase new, you’ll have satisfaction knowing you are the first owner of the car, so there shouldn’t be any surprises at a later time. Buying a new car means you have more finance options accessible to you, and you’ll get the chance to speak for the dealership relating to your personal situation.
During my research for this article, people claimed that the dealership where they bought their car also offered them better part-exchanges on new car purchases. The connection between your customer and dealer allows expats to ask more questions using the experts before, during, and following the buying process. As you’ll see underneath the shopping process isn’t easy but by using a certified dealer you’ll be dealing with salespeople that have experience negotiating with expats.
The key benefit from a used car is that you get a cheaper set of wheels. There is the potential for a bargain in Thailand, nevertheless in general used cars hold their value well and price over you might pay in western countries.
You might also need the choice to buy a second hand car from a licensed dealer which suggests you’ll better the chances of you obtaining a service package or insurance. Used cars can be bought from a number of sources and many of them supply the cheapest prices in the marketplace.
One negative for used cars is definitely the 7% VAT that’s added to the bill if you buy coming from a showroom or used car dealer, or utilize a loan to finance the purchase. To avoid this payment you can get in cash from the private seller. Buying from your private seller who has looked after their car is an excellent option. Thai people call these “house cars.”
Looking around the roads of Thailand I saw two trends. The initial was the volume of pickup trucks and the second was the buzz of Honda and Toyota cars.
Coming from the UK where roads are packed with Fords and Renaults, I put the number of Hondas and Toyotas to the Thai love of Japanese products. However I soon discovered other reasons for their popularity. Honda and Toyota are two of the automobile brands that happen to be created in Thailand and have lower taxes and selling prices than imports. Tax is also the real reason for the many pickup trucks. These cars use a reduced excise tax, causing them to be a popular choice for many people.
Another reason for your popularity of both of these brands is the availability of certified mechanics. Every town can have a garage to mend these cars and the parts are simple to find. 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 might be a sensible choice if you were planning to sell your automobile after a few years.
Regardless of the model, black are white are two most favored colors in Thailand.
Researching shows Toyota, Honda, Isuzu, Mitsubishi, Mazda, Nissan, Suzuki, Ford, Chevrolet, and MG are manufactured in Thailand and so are priced much better than other brands. BMW and Mercedes are assembled in Thailand but use imported parts which make them more pricey than they’d be throughout Europe or in America. Imported finished cars and trucks are subjected to a 300% tax, which makes them three times more pricey when compared to Europe or America.
“The Corolla or Altis is probably the best-selling models for most people,” Damien Kerneis said. “It holds its value well and you can actually find spares.” Because this is the style of most taxis in Bangkok, it is without stating that these cars are a good choice for those on a budget taking a look at getting their particular wheels in Thailand.
There are several options with regards to investing in a car, new or used, in Thailand. Traditional dealerships are popular there is however also an ever-growing selection of online alternatives for investing in a car.
The dealership was the initial place I visited when buying an auto in Thailand. I felt reassured by looking at an official dealership and felt I would receive better service and a lot more legal fallback if there are any problems. Additionally, it seemed much easier to get finance via an authorized dealership than relying on alternative methods, which can be listed later in this article.
I went into the whole process of buying with out a preference towards brand. My issue was budget. I would desire to possess a BMW, but based on Thailand prices they are not value for the money-and way out of my price range. Attending a dealership meant I was able to selected a cheaper brand, take a look at their entire selection of models, and discuss pricing options. The benefit is that you have car dealerships in all the big towns and cities. 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 the dealership is that you may see new and used cars and do a price comparison and conditions. Most official dealerships have promotions, and give warranties and extras on not merely new cars, but used cars at the same time.
You might also need the option to evaluate drive a car if you have a Thai driving license, a license from your own home country, or perhaps an international license.
Just like a multitude of locations in Thailand, at dealerships salespeople will treat you in accordance with your appearance. After I walked in wearing a scruffy T-shirt and shorts I got little attention. But once I went together with jeans, a collar shirt, and dress shoes I needed salespeople jumping over themselves to help you me. Maybe this is just random luck-or bad customer satisfaction at some dealerships-but there is a correlation in between the two.
The Bangkok International Motor Show is probably the most widely used places for Thais to buy a new car. Sales through the 2015 show were expected to be over 40,000 and that is a lot for that 7-day event. Often discounts are shown and then there are excellent promotions. 2017’s event was held on the Impact Arena on the outskirts of Bangkok right before Songkran.
In past times, the case is criticized to be more details on the pretty models, but following the recent Junta takeover stuff has been toned down as well as the cars are taking center stage again.
It is additionally common to see mini shows in the numerous departmental stores around Thailand. My local mall, Fashion Island, seems to have at least one car company showcasing new models every few weeks. They have got huge signs offering discounts however it is not clear if they are the same deals you’d get on the dealership. One benefit from these events in the mall is the fact there exists less pressure to acquire and you get the chance to find out and sit in a vehicle.
Regenthomecar, a good example of a vehicle tent in Thailand
One among my Thai friends told me I was able to buy a car at the tent which confused me. I googled “car tent” and located pictures of tents covering cars. It wasn’t until I found this short article where I realized an auto tent can be a used-car dealership.
Many cars have limited warranties and lots of can be purchased “as seen” so you have to have a genuine knowledge of cars to obtain a good buy. Tricks such as winding down the mileage and putting different parts into cars do go on so buyer beware.
Many car tents work along with a finance company as well as a loan could be decided upon immediately. It’s best to create a payment and drive the automobile away. It’s not unusual for car tents to modify parts when a customer pays a deposit and returns later to the car. Also, when you pay by cash the price tag on the auto may be beyond if financing, since some car tents get commission from handing out loans.
If you are looking to get a car to get you from point A to point B then seeking bargains at a car tent happens to be an option.
Car auctions are wonderful fun to look at. The atmosphere is exciting and I believe it is intriguing to analyze the tactics of the bidders trying work out their top price. Buying a car through auction is a thing I would personally be suspicious to try out for a number of reasons though.
The problem is you need to compete against other bidders and may wind up paying greater than you’re prepared to in the heat of battle. At auctions you’ll need to make quick decisions and may also not have a full description in the vehicle or have limited the opportunity to inspect it. I wouldn’t get a car from auction unless I needed full familiarity with the auto and might inspect the car first, ensuring it had been in good order.
However, you can sometimes get yourself a bargain at an auction if others aren’t interested in the vehicle you need. Individuals with familiarity with cars could be confident that they could spot a good deal when they see one.
If you’re enthusiastic about 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 must pay.
Manheim provides the following information on fees as well as some ideas on their FAQ page.
A buyers administration fee of 8,560 baht (including VAT 7%) relates 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, one more buyer’s fee of 1,420 baht applies. If you purchase 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. Review site, in auction catalogues, or with cashiers for fees applicable to your vehicle.
The auction is actually a fun, exciting, fast process. So here’s some guidelines to help you succeed.
Set your budget
Examine the car you wish to bid on, like the documents
Pay by internet bank transfer for that safest way of payment
All cars are offered “as is, where is;” there are no returns
Read the stipulations
Ensure there is the correct name registered for that auction
Bid clearly and don’t wait until the very last minute.
A fast look on Google shows there are many car auctions in Thailand therefore you could possibly locate a local independent auction close to you.
Getting a car on the internet is becoming more popular 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 some websites offer sales of the latest cars, or links to promotions from dealerships.
There are also many listings on forums and social networking which could match you up with a seller. The phrase “Buyer Beware” is important here, because there might be limited recourse in case the buyer purchases a car as seen and ends up being a lemon.
For an excellent source of online cars in Thailand look into the following sites:
This web site is simple to use and clear. You enter easy information about your finances, location, and model and make and you have a listing of results. Besides the license plate number, you receive all things in English, along with the lists offers you pictures and make contact with variety of the owner. Bear in mind this website is designed for people considering buying used cars.
The internet site is useful should you be looking to have a guide price and locate information regarding your nearest dealer. A serious selling point of this site is simply because they list cars obtainable in dealerships, both new and used. Consequently you are able to pick up a great deal from a dealer and not merely from your private individual.
Another option for online purchases is to look at sites like kaidee.com and bahtsold.com, which offer secondhand goods including cars. Craiglist also has an internet site for used cars in Thailand. Again, buyer beware and recognize that you’re unlikely to acquire any support through the seller after the purchase continues to be made.
After I would buy my first car around 15 years ago my father went right to the newsagents and gathered a copy of Auto Trader magazine. It listed 1000s of used cars available for purchase and was like his bible. You might compare costs and specs to view what was a fair price for a variety of models.
Nowadays, a lot of this business has moved online but it’s still easy to find offline car listings here in Thailand. National and native newspapers have car sections with private listings, which can be worth a glance if you would like go this route.
One among my colleagues bought up an automobile from a private listing at his condo. The vendor had left a flyer as well as the sale progressed quickly while they lived a couple of rooms far from each other.
Also, many cars from the street have for sale posters or stickers to them. You could even notice a available for sale brochure to the car you’re searching for. There’s no exact science to buying an automobile, but fate might enable you to get to the dream car around the soi you’re walking down.
When you’ve went ahead to make your purchase you have a few hoops to leap through. Depending on how you purchased the car will depend on how much of the subsequent you’ll have to do. When buying a fresh car it’s possible that the dealer will appear after most, if not all, from the paperwork for you personally. However, when investing in a used car, you’ll must be more mitts on if buying from your private individual.
After discovering 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 that cars in Thailand tend to be made to order. You should get the receipt after making payment on the deposit, stating everything regarding your new car including: model, color, delivery date, and freebies you got in the negotiation. Sometimes, it might take as much as half a year for that car to get shipped to you.
After the car arrives, you need to examine the car from bumper to bumper. Be sure you bring it for any test drive and view that most freebies are included. Examine the warranty for your manufacture date, inspection dates, and customer details. Ensure things are all perfect before accepting the vehicle. If at all possible, bring a vehicle expert along with you. Also, jot down the engine number to be sure that this is the same car you inspected.
You ought to receive all documents on that day including automobile insurance, CPTL, car manual, the temporal red book, along with the tax sticker.
New cars need to have special red license plates that is to be substituted with the official white plates in some months. The cost of these temporary ones is just about 2,500 baht but you will be refunded once you change onto the white plates. Failure to transfer from the red temporary plates for the white official ones can result in a great if you are stopped through the police. Lots of people do love to keep red plates on simply to show they may have a brand new car.
You will get you’re official blue ownership book a couple of days after or about the same day you will get the white plates. Should you finance the vehicle you’ll have a copy in the blue book. The finance company will be listed as being the owner in the car. The blue book and car will likely be transferred into your name once the loan pays off.
When driving with red license plates there are many stuff you must be aware of. First, it is recommended to maintain your ownership and transfer documents along. In case the police plan to stop you then you’re prone to pay a great should you can’t prove ownership. Second, with red plates you might be tied to driving during daylight hours and then in the province the auto is registered to.
All car registration paperwork is dealt with with the Department of Land Transport. The dealer ought to do it for yourself once each of the following documents are already prepared:
Passport (signed copies of most visa pages and information page)
A signed copy of a work permit or even a certificate of residency from the Immigration Bureau or maybe the applicant’s embassy
A real Thai driving license
Should you prefer a specific registration plate number, it may be done sixty days in advance before your automobile arrives in the Department of Land Transport. A duplicate of your own passport, residential certificate, as well as the car purchase contract are essential. Though some car dealerships must be able to try this for a small fee.
Department of Land Transport in Bangkok Area 3
Prior to buying a used car, examine the car’s Blue Book or its copy (if the car is financed) in addition to checking the automobile. The engine number needs to be the same as what exactly is on the blue book. This ensures your vehicle is among the seller and prevents unexpected problems such as investing in a stolen car. In case a seller cannot reveal to you the blue book, it’s preferable to take your money elsewhere.
Even though the required documents from the buyer are similar as registering a new car, the method of buying a second hand car might be separated by five common cases.
The initial case is to buy the automobile from your used car dealer like a car tent. Prices are typically higher than buying from the private seller but they’ll have all the details relevant to the car transfer and even take care of the financial loan.
The second case is to find coming from a private seller assuming you might have enough cash. You’ll have to handle every one of the paperwork yourself. A personal seller provides documents similar to a signed copy of their ID Card, a signed copy with their house registration, Blue Book, the potency of attorney, and also the transfer of ownership. They allow the buyer complete the complete process once things are purchased. Or you as well as the seller can arrange a date and go to the Department of Land Transport together to perform the transfer.
Your third case is that you have plenty of cash although the car continues to be on finance. It’s a smart idea to should check out the finance company alongside the seller and finished the buying contract and transaction there. The finance company needs to be the a person to carry out the paperwork and send an updated Blue Book with your name within 2 weeks.
If you wish to finance the vehicle you need to pay a deposit upfront, normally at 5,000 baht-make sure to sign the deposit contract. The seller should provide you with a month or so for producing the financial loan. Once it’s approved, you must get a check issued with the seller’s name. Then, the owner should provide you with the necessary documents for producing the auto transfer. You may handle the others yourself or the seller can check out the Department of Land Transport along with you. In the event you can’t get yourself a loan on time, the seller has right to accept deposit unless it’s negotiated beforehand.
If a car remains to be on finance and you have to get that loan to purchase the automobile, the simplest way is to attend the finance company and get them transfer the loan to your name. You could possibly still have to pay a portion towards the seller along with a processing fee for the finance company though.
The transfer process takes several steps. The initial step would be to submit all paperwork and obtain it checked and stamped by an official. At this time, they might have you return in a few days if you obtained a car from another province. When all things have been checked, you have to revisit and inspect the automobile. The inspection ensures the automobile matches the details around the submitted forms and that you have not any other problems. Finally you may be asked to come back to accumulate plates along with the Blue Book.
In case the car is transferred in the same province, everything ought to be finished within a couple of hours. If it’s transferred to another province, it should take a few days.
For a peek at doing the method yourself click here for your account of registering a car yourself in Chiang Mai. This report is from 4 years ago however the process remains the same. The whole dexupky01 within the article is 940 baht to sign up the automobile. It took time and effort for the reason that owner bought the vehicle from Bangkok and registered your vehicle in Chiang Mai.
The transfer cost is different based on the estimated volume of the sale importance of your vehicle. There’s a 105 baht for transferring fee along with a stamp fee of .005 baht through the estimated car price. For instance, if the car is estimated at 300,000 baht, the total transfer cost can be 1,605 baht (105 (300000 x .005)).
Finally, if you are unable to accomplish it yourself, you may give the effectiveness of attorney to a different person to complete the paperwork for you.
Used cars registered within a different province will need a new set of plates. The price of this is certainly around 200-300 baht.
Among my biggest concerns when selecting a vehicle was in which the money will come from. Even with the least expensive models I would still need to borrow to complete the sale.
It’s entirely possible that foreigners to have loans in Thailand to get a vehicle but there are actually strict restrictions. The foreigner will need to have a banking accounts with good standing with a local bank. The foreigner demands a work permit or similar showing they’re here long term. Many people stated that they have been successful acquiring a auto loan using a tourist visa, however it has a tendency to take lots of effort, demands a much higher deposit payment, and is determined with the manager at every place.
For your first car a foreigner buys they may want a Thai guarantor. This may be a relative or friend but they must be aware of the specific situation and what occurs in the event the foreigner defaults around the loan. For the purchase of all cars thereafter and where loan is by the same source, a guarantor will not be needed. The exception to needing a guarantor occurs when the deposit payment is between 50-70%.
The last stipulation in order to get financing is that a minimum deposit of about 20% is required. Sometimes a bank will request a higher down payment in case you are new in america or have limited funds in your bank. In either case be sure to prepare copies of the work permit, passport, bank statement, and wage slips before applying for a financial loan.
Reuters reported that the rate of loan defaults has been rising as a result of poor performance of your Thai economy and increasing household debt. Therefore, the conditions to get a loan have become stricter along with the bank may request a Thai guarantor depending on your circumstances. One positive would be that the banks are prepared to loan money to foreigners for auto purchases, unlike with regards to financing property. In addition they offer special incentives for example % interest introductory offers.