People transportation system is unreliable generally in most areas of Thailand. Having a car is essential for a lot of Thais and expats who live here. Sure Bangkok has got the BTS and MRT. And a lot major towns and cities use a van network and native buses or songthaews. However, these don’t serve the requirements everyone. I won’t believe that the BTS and MRT are good systems, but they’re inadequate for the needs of the area. And they’re only suited to those living in the central zone. Many expats are now living in areas like Chonburi, Phuket and Chiang Mai, where subway lines and sky trains continue to be a distant dream.
Sweating inside a bus, risking safety within a public van, and waiting on unscheduled buses signifies that a lot of people opt to purchase a car, specially those living beyond Bangkok. The grade of life and freedom that owning buy car in thailand gives you creates a big difference. Imagine traveling on a bus or maybe in a taxi by using a baby or praying to some higher power that your particular van driver will get you to the destination safely.
Heads up: I’m very detailed. This article is approximately a 38 minute read. No time at all? No worries. It is possible to email the ad-free version of this article to yourself and read it later.
How to begin
When I bought my first car I had one million questions. I wasn’t “into” cars and didn’t know much in regards to the industry and exactly how things worked. Many people visit their dads for car advice, so I went along to mine. I was lucky because my father worked in the car industry in excess of twenty-five years and the man provided me with plenty of advice. I purchased an auto I had been happy with. However, here in Thailand things work differently. Thus I used the advice from my dad and also from a couple of great local sources: Damien Kerneis, Co-Founding father of SiamCarDeal, and Wasawad Wasuthasawat, Country Manager at Carsome.co.th.
Furthermore, i used lots of online sources and thru this post I will provide you with quotes, figures, and links to useful sites to assist you to purchase a car in Thailand.
Why Buy a Car?
Location influences your need to get a car. I’m not sure a lot of people located in Central Bangkok could justify having a car as there is good public transport. There’s also lots of traffic which would make driving a nightmare.
If you have to travel outside of the downtown area for business, it might be a necessity to get private transportation. Having a car might sound beneficial to weekend trips beyond the big city, but you should take into consideration how often you would probably utilize the car and in case it would enhance your quality of life.
When you have made a decision to purchase a car, your local area will help determine what kind of car would best meet your requirements. In the event you travel long distances coming from a rural area a larger car for cruising around would make sense. If you live in the city, choosing a small compact car to create traversing through traffic easier is the better choice. You might keep to the Thai trend and get an enormous pickup truck, no matter where you live.
Pickup truck can be a # 1 selection for many Thai families.
Long-term vs Short-term
An integral factor for many expats to take into consideration is whether they will be staying in america for some time- or short-length of time.
Long term expats acquire more reason to buy an automobile because it is a substantial financial investment in Thailand. Those married, here on retirement visas, or individuals with full-time jobs who stay for the long term will benefit from having a car.
Those here for a short period must look at the resale price of their car and the way easy it’ll be to promote. As you’ll see there may be a considerable amount of paperwork involved when selling a vehicle. For anyone for a shorter time, it is probably not the most suitable choice. You should also take into account that when you must leave Thailand on the certain date the automobile has to be sold by then which could create problems should you be rushing to locate a buyer.
There exists always the option of leasing an auto for a period of a few months up to a year or relying on local public transport and taxis. I wouldn’t get a car if you aren’t will be in Thailand for over a year-except if you live in a rural area.
If you’re searching for a brand which holds it value then the best choice is a Honda or Toyota or perhaps the top models from Japanese car makers.
One common cause of investing in a car in Thailand is made for once you have a household and don’t would like to depend on public transportation. I wouldn’t want to have a baby on a bus or maybe in a taxi. I feel it could be irresponsible as well as a car may be the safest strategy to transport your household when you are out of reach of your MRT and BTS in Bangkok.
Parents.com have listed their top cars released in 2016 for families. A list is worth a style as most models can be purchased in Thailand.
New Cars vs Used Cars
One of the greatest choices you’ll need to make is if you wish to get a new or used car. There are actually advantages and drawbacks to both. A lot of people would rather buy new due to lower maintenance costs and frequent promotions. But additionally there is a thriving used car market in Thailand. And the opportunity of buying off their expats in Thailand means you are able to proceed through most of the process in English.
When you get a new car, there are a variety of advantages. You can aquire a number of extras thrown in should you be efficient at negotiating. Within Thailand, most dealers appear to sell at the recommended list prices but the extras are where you may make an effort to get added value. It’s normal to get the initial year’s insurance covered or tinted windows, for instance.
If you buy new, you’ll have satisfaction knowing you happen to be first owner of your car, so there shouldn’t be any surprises afterwards. Purchasing a new car does mean you have more finance options available, and you’ll have the opportunity to talk to the dealership regarding your personal situation.
During my research for this article, people said that the dealership where they bought their car also offered them better part-exchanges on new car purchases. The partnership involving the customer and dealer allows expats to inquire more questions using the experts before, during, and once the buying process. As you’ll see below the buying process isn’t easy but by utilizing an authorized dealer you’ll be coping with salespeople who have experience negotiating with expats.
The main benefit from a second hand car is that you simply get a cheaper pair of wheels. You have the possibility of a bargain in Thailand, but in general used cars hold their value well and expense over you would probably pay in western countries.
There is also the possibility to acquire a second hand car from your licensed dealer which suggests you’ll better the likelihood of receiving a service package or insurance. Used cars are available from a number of sources and some of them offer the cheapest prices out there.
One negative for used cars is the 7% VAT that’s included in the bill if you buy from your 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 coming from a private seller. Buying from your private seller that has looked after their car is a good 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 excitement of Honda and Toyota cars.
Coming from the UK the location where the roads are packed with Fords and Renaults, I put the quantity of Hondas and Toyotas to the Thai love of Japanese products. However I soon discovered some other reasons for their popularity. Honda and Toyota are two of the auto brands that are manufactured in Thailand and get lower taxes and selling prices than imports. Tax is likewise the reason for the many pickup trucks. These cars use a reduced excise tax, causing them to be a popular choice for most people.
One other reason for that interest in these brands may be the accessibility of certified mechanics. Every town will have a garage to correct these cars and also the parts are super easy to come across. Even third-party garages will likely be knowledgeable of top-brand cars.
Wasawad Wasuthasawat said, “black and white” were two of the most popular colors for cars and will be a sensible choice if you are planning to sell your vehicle 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 produced 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 maybe in America. Imported finished cars and trucks are at the mercy of a 300% tax, leading them to be three times more costly compared to Europe or America.
“The Corolla or Altis is amongst the best-selling models for most people,” Damien Kerneis said. “It holds its value well and it is easy to find spares.” Because this is the model of most taxis in Bangkok, it goes without praoclaiming that these cars are a good selection for those on a tight budget considering getting their own wheels in Thailand.
There are many different options in terms of getting a car, new or used, in Thailand. Traditional dealerships are popular but there is however also an ever-growing selection of online choices for purchasing a car.
The dealership was the initial place I visited when choosing an auto in Thailand. I felt reassured when you go to an official dealership and felt I might receive better service and a lot more legal fallback if there was any problems. Furthermore, it seemed easier to get finance using an authorized dealership than counting on alternative methods, that happen to be listed later in this article.
I went into the entire process of buying without having a preference towards brand. My issue was budget. I would like to possess a BMW, but depending on Thailand prices they are not value for the money-and way out of my range of prices. Visiting a dealership meant I could possibly chose a cheaper brand, examine all of their range of models, and discuss pricing options. The benefit is that there are car dealerships in the big cities and towns. Within ten kilometers of my condo in Bangkok, by way of example, I could possibly visit an array of car dealerships.
Another advantage of any dealership is you can see new and used cars and compare costs and conditions. Most official dealerships also provide promotions, and give warranties and extras on not just new cars, but used cars also.
You also have an opportunity to examine drive a vehicle for those who have a Thai driving license, a license out of your home country, or perhaps international license.
Similar to a multitude of locations in Thailand, at dealerships salespeople will treat you based on your appearance. After I walked in wearing a scruffy T-shirt and shorts I purchased little attention. However, when I went along 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-there is however a correlation in between the two.
The Bangkok International Motor Show is probably the most popular places for Thais to buy a new car. Sales from your 2015 show were likely to be over 40,000 that is a lot for your 7-day event. Often discounts are provided there are wonderful promotions. 2017’s event was held with the Impact Arena on the outskirts of Bangkok just before Songkran.
Previously, the celebration has been criticized for being more about the pretty models, but right after the recent Junta takeover things have been toned down along with the cars are actually taking center stage again.
Also, it is common to see mini shows within the numerous shopping centers around Thailand. My local mall, Fashion Island, offers at least one car company showcasing new models every couple of weeks. They may have huge signs offering discounts yet it is not clear if these are the basic same deals you’d get on the dealership. One good thing about these events on the mall is the fact there is certainly less pressure to acquire so you get the chance to find out and sit in a vehicle.
Regenthomecar, an example of a vehicle tent in Thailand
One of my Thai friends explained to me I could possibly buy a car with the tent which confused me. I googled “car tent” and discovered pictures of tents covering cars. It wasn’t until I discovered this post where I found out a car tent can be a used-car dealership.
Many cars include limited warranties and a lot of are offered “as seen” so you must have a true understanding of cars to get a good buy. Tricks like winding on the mileage and putting different parts into cars do go on so buyer beware.
Many car tents work jointly with a finance company along with a loan might be decided on the spot. It’s best to generate a payment and drive the vehicle away. It’s not unheard of for car tents to change parts every time a customer pays a deposit and comes back later to the car. Also, when you pay by cash the cost of the auto may be beyond if financing, since some car tents get commission from handing out loans.
Should you be looking for the car to help you get from point A to point B then looking for bargains with a car tent could be an option.
Car auctions are excellent fun to look at. The atmosphere is exciting and that i find it intriguing to examine the tactics of your bidders trying workout their top price. Buying a car through auction is a thing I would personally be skeptical to use for a variety of reasons though.
The issue is you need to compete against other bidders and might find yourself paying greater than you’re able to from the heat of battle. At auctions you’ll have to make quick decisions and may not get yourself a full description of your vehicle or have limited opportunities to inspect it. I wouldn’t get a car from auction unless I had full knowledge of the vehicle and could inspect the car first, ensuring it was in good order.
However, you are able to sometimes obtain a bargain at an auction if others aren’t interested in a car you want. People that have understanding of cars might be confident that they may spot a good deal once they see one.
If you’re considering car auctions, check out Union-Auction and Manheim, which both have listings for car auctions in Thai and English. Both sites give pictures and descriptions for your cars available and list fees you should pay.
Manheim affords the following info on fees plus some ideas on his or her FAQ page.
A buyers administration fee of 8,560 baht (including VAT 7%) applies to all lots bought in the financiers vehicle auction along with the salvage vehicle auction. The buyer’s fee for burnt out vehicles is 4,000 baht and also for motorcycles it’s 1,650 baht. For trucks it’s 12,500 baht. Should you buy a financiers or salvage vehicle using Simulcast, an additional buyer’s fee of 1,420 baht applies. If you purchase a motorcycle using Simulcast, one more buyer’s fee of 250 baht applies. Full payment in cash or bank check is essential 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 really a fun, exciting, fast process. So here’s some ideas to help you succeed.
Set yourself a budget
Look into the car you wish to bid on, including the documents
Pay by internet bank transfer to the safest way of payment
All cars are offered “as is, where is;” there are actually no returns
Browse the terms and conditions
Ensure you will have the correct name registered for the auction
Bid clearly and don’t hold off until the last minute.
A quick look on the search engines shows there are many car auctions in Thailand therefore you might be able to find a local independent auction near you.
Purchasing a car online is gaining popularity nowadays. Many sites have sprung up in Thailand to meet the needs of the desires of Internet shoppers. Websites like these cater toward the sales of used cars, but some websites offer sales of new cars, or links to promotions from dealerships.
Additionally, there are many listings on forums and social media marketing which may match you with a seller. The saying “Buyer Beware” is essential here, because there could be limited recourse if the buyer purchases a car as seen and happens to be a lemon.
For a good source of online cars in Thailand check out the subsequent sites:
This page is user friendly and clear. You enter simple details about your financial allowance, location, and model and make and you receive a list of results. Aside from the license plate number, you obtain everything in English, along with the lists will give you pictures and contact variety of the seller. Keep in mind this site is perfect for people considering buying used cars.
The web page is helpful if you are looking to have a guide price and look for information regarding your nearest dealer. A major selling point of this page is simply because they list cars available in dealerships, both new and used. Because of this you are able to grab a good deal from the dealer and not simply from a private individual.
One other choice for online purchases is to think about sites like kaidee.com and bahtsold.com, that offers secondhand goods including cars. Craiglist also offers a web site for used cars in Thailand. Again, buyer beware and know that you’re unlikely to get any support through the seller after the purchase continues to be made.
When I would buy my first car around 15 years ago my dad went straight to the newsagents and picked up a duplicate of Auto Trader magazine. It listed a large number of used cars for sale and was like his bible. You can compare costs and specs to discover what was a reasonable price for various models.
Nowadays, lots of this business has moved online but it’s still possible to find offline car listings in Thailand. National and native newspapers have car sections with private listings, which are worth a glance if you wish to go this route.
One among my colleagues bought up an automobile coming from a private listing at his condo. The vendor had left a flyer as well as the sale progressed quickly since they lived a few rooms far from each other.
Also, many cars within the street have available for sale posters or stickers on them. You may even view a for sale brochure for the car you’re looking for. There’s no exact science to buying 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 and make your purchase you will have a few hoops to jump through. For the way you got the automobile will depend on the amount of the next you’ll must do. When purchasing a new car it’s probable that the dealer can look after most, if not completely, in the paperwork for yourself. But once investing in a used car, you’ll have to be more on the job if buying coming from a private individual.
After choosing the right dealer you must reserve the car by paying a deposit, usually 5,000 – ten thousand baht. The reason for this is that cars in Thailand are generally designed to order. You must 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 around six months for the car to become delivered to you.
As soon as the car arrives, you must examine the car from bumper to bumper. Make sure to accept it for the test drive and appearance that all freebies are included. Look into the warranty for that manufacture date, inspection dates, and customer details. Be sure things are all perfect before accepting the vehicle. If you can, bring an auto expert with you. Also, make a note of the engine number to be sure that this is actually the same car you inspected.
You should receive all documents on on that day including automobile insurance, CPTL, car manual, the temporal red book, as well as the tax sticker.
New cars need to have special red license plates which will be substituted for the state white plates in a few months. The fee for these temporary ones is just about 2,500 baht but you will end up refunded once you change onto the white plates. Failure to transfer from the red temporary plates to the white official ones could lead to a fine when you are pulled over from the police. Lots of people do love to keep red plates on just to show they may have a whole new car.
You will get you’re official blue ownership book two or three days after or on a single day you receive the white plates. In the event you finance the automobile you’ll get a copy from the blue book. The finance company will probably be listed as being the owner from the car. The blue book and car will likely be transferred in your name when the loan pays off.
When driving with red license plates there are some items you must be aware of. First, you should always make your ownership and transfer documents along with you. If the police plan to stop you then you’re liable to pay a fine when you can’t prove ownership. Second, with red plates you are limited to driving during daylight hours and also in the province the automobile is registered to.
All car registration paperwork is addressed through the Department of Land Transport. The dealer should do it to suit your needs once all the following documents are already prepared:
Passport (signed copies of most visa pages and knowledge page)
A signed copy of your work permit or even a certificate of residency from the Immigration Bureau or perhaps the applicant’s embassy
A real Thai driving license
If you prefer a specific registration plate number, it can be done two months in advance before your automobile arrives in the Department of Land Transport. A duplicate of your passport, residential certificate, and also the car purchase contract will be required. Though some car dealerships will be able to do that for a small fee.
Department of Land Transport in Bangkok Area 3
Before purchasing a second hand car, check the car’s Blue Book or its copy (when the car is financed) in addition to checking the auto. The engine number ought to be the identical to what is on the blue book. This ensures the car is among the seller and prevents unexpected problems like buying a stolen car. In case a seller cannot reveal to you the blue book, it’s better to take your cash elsewhere.
Although the required documents from your buyer are identical as registering a whole new car, the treatment of purchasing a second hand car could be separated by five common cases.
The very first case is to buy the car coming from a used car dealer similar to a car tent. Prices tend to be more than buying from the private seller but they’ll have every detail associated with the auto transfer as well as handle the financial loan.
The next case is to buy from your private seller assuming you possess enough cash. You’ll have to handle all the paperwork yourself. An exclusive seller provides documents such as a signed copy in their ID Card, a signed copy in their house registration, Blue Book, the power of attorney, as well as the transfer of ownership. Chances are they permit the buyer complete the whole process once everything is purchased. Or else you and the seller can arrange a date and proceed to the Department of Land Transport together to complete the transfer.
The next case is that you simply have sufficient cash but the car remains to be on finance. It’s a smart idea to should proceed to the finance company with the seller and complete the purchase contract and transaction there. The finance company should be the one to do the paperwork and send an updated Blue Book with your name within 2 weeks.
If you want to finance the auto you must pay a deposit in advance, normally at 5,000 baht-ensure that you sign the deposit contract. The owner should offer you a few weeks for creating the financial loan. Once it’s approved, you ought to get a check issued with the seller’s name. Then, the seller should provide you with the necessary documents for making the auto transfer. You are able to handle others yourself or even the seller can proceed to the Department of Land Transport with you. If you can’t obtain a loan punctually, the owner has right to accept deposit unless it’s negotiated beforehand.
If your car is still on finance and you should get that loan to buy the car, the easiest way is to go to the finance company and get them transfer the loan into the name. You could possibly still must pay a share for the seller along with a processing fee on the finance company though.
The transfer process takes several steps. The first task is always to submit all paperwork and get it checked and stamped by an official. During this period, they may ask you to come back in certain days if you purchased a car from another province. When everything has been checked, you should come back and inspect the automobile. The inspection makes certain the vehicle matches the details around the submitted forms and that we now have no other problems. Finally you will end up asked to return to collect plates and also the Blue Book.
In the event the car is transferred throughout the same province, everything ought to be finished within a couple of hours. If it’s moved to another province, it may need a couple of days.
For a glance at doing this process yourself go here for your account of registering a vehicle yourself in Chiang Mai. This report comes from four years ago however the process continues to be the same. The total dexupky01 within the article is 940 baht to register the car. It took a lot of time as the owner bought the automobile from Bangkok and registered the vehicle in Chiang Mai.
The transfer cost is different depending on the estimated quantity of the sale worth of your car. There’s a 105 baht for transferring fee as well as a stamp fee of .005 baht from the estimated car price. As an example, in the event the car is estimated at 300,000 baht, the entire transfer cost can be 1,605 baht (105 (300000 x .005)).
Finally, if you are unable to get it done yourself, you are able to give the potency of attorney to a different one person to accomplish the paperwork for you personally.
Used cars registered inside a different province will need a new list of plates. The expense of this is around 200-300 baht.
One of my biggest concerns when choosing an automobile was where the money would come from. Even with the least expensive models I would personally still have to borrow to perform the sale.
It’s entirely possible that foreigners to obtain loans in Thailand to purchase an auto but there are actually strict restrictions. The foreigner need to have a banking account with good standing at the local bank. The foreigner needs a work permit or similar showing they’re here long-term. Some people stated they may have been successful obtaining a auto loan utilizing a tourist visa, but it really has a tendency to take lots of effort, demands a higher deposit payment, and it is determined by the manager at each place.
To the first car a foreigner buys they will likely need a Thai guarantor. This is often a relative or friend but they need to be conscious of the situation and what happens in the event the foreigner defaults in the loan. For purchasing all cars thereafter and where loan is via exactly the same source, a guarantor is not really needed. The exception to needing a guarantor happens when the deposit payment is between 50-70%.
The very last stipulation in order to get financing is the fact that the absolute minimum advance payment of around 20% is essential. Sometimes a bank will ask for a higher advance payment in case you are new in america or have limited funds inside your bank. In either case be sure to prepare copies of your own work permit, passport, bank statement, and wage slips before applying for a loan.
Reuters reported that the rate of loan defaults has been rising because of the poor performance of the Thai economy and increasing household debt. Therefore the conditions for getting that loan have become stricter along with the bank may request a Thai guarantor according to your circumstances. One positive would be that the banks are willing to loan money to foreigners for auto purchases, unlike in relation to financing property. Additionally they offer special incentives like % interest introductory offers.