The general public transportation product is unreliable in most aspects of Thailand. Possessing a car is important for a lot of Thais and expats who live here. Sure Bangkok provides the BTS and MRT. And many major towns and cities possess 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 perfect systems, but they’re inadequate for the requirements the city. And they’re only ideal for those living in the central zone. Many expats live in areas such as Chonburi, Phuket and Chiang Mai, where subway lines and sky trains will still be a distant dream.
Sweating within a bus, risking safety inside a public van, and waiting on unscheduled buses implies that many individuals opt to purchase a car, in particular those living beyond Bangkok. The grade of life and freedom that owning buy car gives you constitutes a massive difference. Imagine traveling with a bus or even in a taxi with a baby or praying to some higher power that your van driver will get you to the destination safely.
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Where to begin
When I bought my first car I had millions of questions. I wasn’t “into” cars and didn’t know much about the industry and just how things worked. Many people head to their dads for car advice, and so i traveled to mine. I was lucky because my dad worked in a car industry more than 25 years and that he provided me with a lot of advice. I got myself an auto I found myself content with. However, here in Thailand things work differently. Thus I used the advice from my dad 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.
Furthermore, i used plenty of online sources and through this short article I provides you with quotes, figures, and links to useful sites that will help you purchase a car in Thailand.
Why Buy a Car?
Location influences your need to buy a car. I’m unsure many people living in Central Bangkok could justify having a car since there is good public transport. There’s also a great deal of traffic which may make driving a nightmare.
If you have to travel beyond the downtown area for business, it might be essential to possess private transportation. Using a car may appear beneficial to weekend trips outside of the big city, but you must think of the frequency of which you would probably make use of the car and when it could enhance your way of life.
For those who have decided to purchase a car, your location will help determine which kind of car would best satisfy your desires. In the event you travel long distances coming from a rural area a larger car for cruising around would make sense. If you are living within the city, deciding on a small compact car to make traversing through traffic easier would be the better option. You could potentially stick to the Thai trend and purchase a massive pickup truck, wherever you live.
Pickup truck is really a primary selection for many Thai families.
Long-term vs Short-run
A key factor for many expats to take into consideration is whether they will be staying in america for a long- or short-time period.
Long-term expats have more reason to acquire an auto as it is a tremendous 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 possessing a car.
Those here for a while need to look at the resale price of their car and exactly how easy it’ll be to promote. As you’ll see there may be a considerable amount of paperwork involved when selling a car. For people for a short time, it might not be the most suitable choice. You also have to consider that when you must leave Thailand over a certain date the automobile needs to be sold at that time which may create problems when you are rushing to locate a buyer.
There may be always the option for leasing a car for a time period of a couple of months to a year or relying upon local public transport and taxis. I wouldn’t get a car should you aren’t gonna be in Thailand for more than a year-until you live in a rural area.
If you’re searching for a brand which holds it value then this best choice can be a Honda or Toyota or maybe the top models from Japanese car makers.
One common reason behind investing in a car in Thailand is perfect for once you have children and don’t would like to rely on public transport. I wouldn’t would like to go on a baby on the bus or even in a taxi. I feel it will be irresponsible and a car will be the safest strategy to transport your household if you are unattainable in the MRT and BTS in Bangkok.
Parents.com have listed their top cars released in 2016 for families. Their list may be worth a look as most models can be purchased in Thailand.
New Cars vs Used Cars
The most significant choices you’ll need to make is whether you want to purchase a used or new car. You can find benefits and drawbacks to both. Many people prefer to buy new because of the lower maintenance costs and frequent deals. But there is also a thriving second hand car market in Thailand. And the opportunity of buying from other expats in Thailand means you are able to proceed through a lot of the process in English.
Once you buy a new car, there are numerous of benefits. You can aquire a bunch of extras thrown in when you are good at negotiating. Within Thailand, most dealers seem 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 obtain the initial year’s insurance covered or tinted windows, for example.
If you buy new, you’ll have reassurance knowing you are the first owner of the car, so there shouldn’t be any surprises down the road. Investing in a new car also means you possess more finance options available, and you’ll have the opportunity to speak for the dealership relating to your personal situation.
During my research just for this article, people stated that the dealership where they bought their car also offered them better part-exchanges on new car purchases. Your relationship involving the customer and dealer allows expats to question more questions together with the experts before, during, and following the buying process. As you’ll see below the shopping process isn’t easy but by using an authorized dealer you’ll be working with salespeople who definitely have experience negotiating with expats.
The main advantage of a used car is that you simply have a cheaper group of wheels. You have the possibility of a good deal in Thailand, nevertheless in general used cars hold their value well and cost a lot more than you would probably pay in western countries.
There is also the option to buy a used car from the licensed dealer which suggests you’ll better the chances of you receiving a service package or insurance. Used cars can be obtained from numerous sources and a number of them provide you with the cheapest prices out there.
One negative for used cars may be the 7% VAT that’s included with the bill if you opt for from a showroom or second hand car dealer, or make use of a loan to finance the acquisition. In order to avoid this payment you can get in cash from the private seller. Buying from the private seller that 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 1st was the volume of pickup trucks and also the second was the buzz of Honda and Toyota cars.
Coming from the UK the location where the roads are packed with Fords and Renaults, I put the amount of Hondas and Toyotas down to the Thai love of Japanese products. Having Said That I soon discovered some other reasons for their popularity. Honda and Toyota are 2 of the vehicle brands which can be produced in Thailand and have lower taxes and selling prices than imports. Tax is additionally the reason behind the great number of pickup trucks. These cars use a reduced excise tax, causing them to be a common choice for many individuals.
One more reason for the popularity of those two brands will be the accessibility of certified mechanics. Every town could have a garage to correct these cars and the parts are easy to come across. Even third-party garages will probably be knowledgeable of top-brand cars.
Wasawad Wasuthasawat said, “black and white” were two of the most popular colors for cars and would be a good choice if you were seeking to sell your car after a few years.
Whatever 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 created in Thailand and so are priced much 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, leading them to be 3 times more pricey than in Europe or America.
“The Corolla or Altis is among the best-selling models for the general public,” Damien Kerneis said. “It holds its value well and you can actually find spare parts.” Since this is the style of most taxis in Bangkok, it is without proclaiming that these cars are a great option for those with limited funds taking a look at getting their very own wheels in Thailand.
There are numerous options with regards to buying a car, used or new, in Thailand. Traditional dealerships are popular there is however also an ever-growing set of online options for purchasing a car.
The dealership was the first place I visited when purchasing an auto in Thailand. I felt reassured by looking at an official dealership and felt I would receive better service plus more legal fallback if there have been any problems. In addition, it seemed quicker to get finance with an authorized dealership than relying upon alternative methods, that happen to be listed later in this post.
I went into the process of buying without needing a preference towards brand. My issue was budget. I would desire to use a BMW, but based on Thailand prices they are certainly not good value for the investment-and solution of my cost range. Seeing a dealership meant I really could selected a cheaper brand, take a look at all of their range of models, and discuss pricing options. The benefit is there are car dealerships in all of the big cities and towns. Within ten kilometers of my condo in Bangkok, for example, I could visit a wide array of car dealerships.
An additional benefit of the dealership is you can see new and used cars and do a price comparison and conditions. Most official dealerships have promotions, and supply warranties and extras on not merely new cars, but used cars too.
There is also the possibility to test drive a car if you have a Thai driving license, a license from your own home country, or perhaps an international license.
Much like a multitude of locations in Thailand, at dealerships salespeople will treat you as outlined by your appearance. When I walked in wearing a scruffy T-shirt and shorts I bought little attention. However, when I went in with jeans, a collar shirt, and dress shoes I needed salespeople jumping over themselves to help you me. Maybe it was just random luck-or bad customer service at some dealerships-there is however a correlation involving the two.
The Bangkok International Motor Show is one of the most favored places for Thais to purchase a whole new car. Sales in the 2015 show were expected to be over 40,000 that is a lot for the 7-day event. Often discounts receive where there are wonderful promotions. 2017’s event was held on the Impact Arena about the outskirts of Bangkok prior to Songkran.
Before, the celebration has been criticized to be much more about the pretty models, but once the recent Junta takeover stuff has been toned down as well as the cars are now taking center stage again.
Additionally it is present with see mini shows from the numerous shopping centers around Thailand. My local mall, Fashion Island, offers at least one car company showcasing new models every few weeks. They may have huge signs offering discounts but it is not clear if these are the basic same deals you’d get with the dealership. One good thing about these events in the mall is there exists less pressure to purchase and also you get the chance to see and sit in a car.
Regenthomecar, an example of an auto tent in Thailand
One of my Thai friends explained I could possibly get 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 discovered a car tent is a used-car dealership.
Many cars have limited warranties and several can be purchased “as seen” so you should have a genuine knowledge of cars to have a good buy. Tricks for example winding down the mileage and putting different parts into cars do continue on so buyer beware.
Many car tents work in conjunction with a finance company and a loan could be arranged immediately. It’s best to create a payment and drive the automobile away. It’s not unheard of for car tents to modify parts whenever a customer pays a deposit and comes back later for your car. Also, if you pay by cash the price of the vehicle may be more than if financing, since some car tents get commission from supplying loans.
If you are searching for the car to help you from point A to point B then looking for bargains at a car tent happens to be an option.
Car auctions are fantastic fun to look at. The atmosphere is exciting and that i think it is intriguing to study the tactics in the bidders trying exercise their top price. Buying a car through auction can be something I might be suspicious to test for many reasons though.
The issue is that you need to compete against other bidders and might find yourself paying more than you’re prepared to inside the heat of battle. At auctions you’ll need to make quick decisions and can not obtain a full description of the vehicle or have limited opportunities to inspect it. I wouldn’t purchase a car from auction unless I had full understanding of the vehicle and might inspect the vehicle first, ensuring it was in good order.
However, you may sometimes have a bargain in an auction if others aren’t interested in a vehicle you desire. People that have knowledge of cars could be confident that they could spot a bargain whenever they see one.
If you’re considering car auctions, take 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 your cars available and list fees you must pay.
Manheim affords the following info on fees plus some ideas on their FAQ page.
A buyers administration fee of 8,560 baht (including VAT 7%) applies to all lots purchased in the financiers vehicle auction as well as the salvage vehicle auction. The buyer’s fee for burnt out vehicles is 4,000 baht as well as for motorcycles it’s 1,650 baht. For trucks it’s 12,500 baht. If you purchase a financiers or salvage vehicle using Simulcast, yet another buyer’s fee of 1,420 baht applies. Should you buy a motorcycle using Simulcast, an additional buyer’s fee of 250 baht applies. Full payment in cash or bank check is essential by 4pm the working day after the sale. VAT is included unless otherwise indicated. Check into site, in auction catalogues, or with cashiers for fees applicable in your vehicle.
The auction is actually a fun, exciting, fast process. So here’s some guidelines to help you succeed.
Set yourself a budget
Look into the car you wish to bid on, such as the documents
Pay by internet bank transfer for the safest means of payment
All cars can be purchased “as is, where is;” you will find no returns
Read the conditions and terms
Ensure you will find the correct name registered to the auction
Bid clearly and don’t hold back until the past minute.
A brief look on Google shows there are plenty of car auctions in Thailand therefore you might be able to locate a local independent auction close to you.
Buying a car on the internet is becoming more popular nowadays. Many sites have popped up in Thailand to meet the needs of the desires of Internet shoppers. These websites cater toward the sales of used cars, however some websites offer sales of new cars, or links to deals from dealerships.
Additionally, there are many listings on forums and social media marketing that may match you track of a seller. The phrase “Buyer Beware” is vital here, because there may be limited recourse if the buyer purchases an automobile as seen and ends up being a lemon.
For a good source of online cars in Thailand check out the subsequent sites:
This website is user friendly and clear. You enter quick and easy information regarding your finances, location, and model and make and you have a list of results. Besides the license plate number, you will get all things in English, along with the lists offers you pictures and contact amount of the seller. Bear in mind this page is made for people enthusiastic about buying used cars.
The web page is effective if you are looking to acquire a guide price and look for information about your nearest dealer. A serious selling reason for this web site is because they list cars obtainable in dealerships, both new and used. Consequently you can grab a bargain coming from a dealer and not just from your private individual.
Other selection for online purchases is to consider sites like kaidee.com and bahtsold.com, that provide secondhand goods including cars. Craiglist even offers 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.
As I was going to buy my first car around 15 years ago my dad went directly 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 could potentially do a price comparison and specs to find out what was a good price for various 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 local newspapers have car sections with private listings, which can be worth a look if you want to go this route.
One of my colleagues bought up an auto coming from a private listing at his condo. The vendor had left a flyer along with the sale progressed quickly as they lived several rooms far from the other person.
Also, many cars inside the street have on the market posters or stickers about them. You could possibly even see a available for purchase brochure to the car you’re trying to find. There’s no exact science to purchasing an auto, but fate might provide you with to your dream car on the soi you’re walking down.
When you’ve went ahead making your purchase you have a few hoops to leap through. Depending on how you got the car depends on the amount of the next you’ll have to do. When purchasing a fresh car it’s likely that the dealer will look after most, if not all, of the paperwork to suit your needs. But once buying a second hand car, you’ll need to be more mitts on if buying coming from a private individual.
After choosing the right dealer you should reserve the vehicle by paying a deposit, usually 5,000 – ten thousand baht. The explanation for this is that cars in Thailand are generally intended to order. You need to get the receipt after paying the deposit, stating everything regarding your new car including: model, color, delivery date, and all freebies you got from your negotiation. Sometimes, it could take around six months for the car to become delivered to you.
When the car arrives, you have to look into the car from bumper to bumper. Make sure you take it for any test drive and view that freebies are included. Look into the warranty for your manufacture date, inspection dates, and customer details. Ensure things are all perfect before accepting the car. If at all possible, bring an auto expert together with you. Also, jot down the engine number to make sure that this is the same car you inspected.
You should receive all documents on on that day including auto insurance, CPTL, car manual, the temporal red book, and also the tax sticker.
New cars will be needing special red license plates that will be substituted with the state white plates in certain months. The price of these temporary ones is just about 2,500 baht but you will certainly be refunded if you change to the white plates. Failure to transfer from your red temporary plates towards the white official ones may result in a great when you are pulled over with the police. Many people do prefer to keep red plates on only to show they have a brand new car.
You will definitely get you’re official blue ownership book a few days after or about the same day you receive the white plates. In the event you finance the auto you’ll get yourself a copy in the blue book. The finance company will likely be listed as the owner of the car. The blue book and car will probably be transferred to your name as soon as the loan is paid off.
When driving with red license plates there are several items you must be aware of. First, it is wise to make your ownership and transfer documents together with you. When the police opt to hold you back then you’re prone to pay a great if you can’t prove ownership. Second, with red plates you might be limited to driving during daylight hours as well as in the province the auto is registered to.
All car registration paperwork is handled through the Department of Land Transport. The dealer ought to do it for you personally once every one of the following documents happen to be prepared:
Passport (signed copies of all visa pages and knowledge page)
A signed copy of a work permit or a certificate of residency issued by the Immigration Bureau or the applicant’s embassy
A real Thai driving license
If you want a specific registration plate number, it could be done two months upfront before your car or truck arrives at the Department of Land Transport. A duplicate of your own passport, residential certificate, and also the car purchase contract are essential. Though some car dealerships should be able to accomplish this for a small fee.
Department of Land Transport in Bangkok Area 3
Before choosing a second hand car, look at the car’s Blue Book or its copy (in the event the car is financed) together with checking the car. The engine number ought to be the same as what is listed on the blue book. This ensures the automobile is among the seller and prevents unexpected problems like buying a stolen car. If your seller cannot demonstrate the blue book, it’s better to take your money elsewhere.
Although the required documents through the buyer are the same as registering a fresh car, the method of buying a second hand car can be separated by five common cases.
The initial case is to find the automobile coming from a second hand car dealer just like a car tent. Prices tend to be more than buying from a private seller but they’ll have all the details relevant to the automobile transfer as well as keep up with the financial loan.
The 2nd case is to purchase from the private seller assuming you possess enough cash. You’ll need to handle all of the paperwork yourself. A personal seller provides documents just like a signed copy with their ID Card, a signed copy of the house registration, Blue Book, the potency of attorney, and also the transfer of ownership. Chances are they allow the buyer complete the complete process once things are all bought. Or you and also the seller can arrange a date and visit the Department of Land Transport together to perform the transfer.
The next case is you have plenty of cash but the car remains to be on finance. It’s a smart idea to should check out the finance company along with the seller and complete the buying contract and transaction there. The finance company needs to be the a person to do the paperwork and send an updated Blue Book with the name within 14 days.
If you wish to finance the car you need to pay a deposit in advance, normally at 5,000 baht-ensure that you sign the deposit contract. The seller should offer you a few weeks for producing the financial loan. Once it’s approved, you need to get a check issued together with the seller’s name. Then, the seller should present you with the necessary documents for producing the automobile transfer. You are able to handle the rest yourself or the seller can go to the Department of Land Transport along with you. If you can’t get a loan on time, the vendor has right to accept deposit unless it’s negotiated beforehand.
If your car continues to be on finance and you need to get a loan to purchase the car, the best way is to visit the finance company and also have them transfer the borrowed funds into the name. You might still have to pay a share to the seller as well as a processing fee on the finance company though.
The transfer process takes several steps. The initial step is to submit all paperwork and acquire it checked and stamped by an official. During this period, they could have you come back in certain days if you bought a car from another province. When all things have been checked, you have to return and inspect the vehicle. The inspection makes sure the automobile matches the specifics around the submitted forms and that you have not one other problems. Finally you will certainly be asked to come back to collect plates and also the Blue Book.
If the car is transferred in the same province, everything must be finished within several hours. If it’s moved to another province, it should take two or three days.
For a short look at doing the method yourself go here for a merchant account of registering an automobile yourself in Chiang Mai. This report comes from four years ago but the process continues to be the same. The whole dexupky01 in the article is 940 baht to sign up the vehicle. It took considerable time because the owner bought the auto from Bangkok and registered your vehicle in Chiang Mai.
The transfer price is different in line with the estimated level of the sale worth of your car or truck. There’s a 105 baht for transferring fee plus a stamp fee of .005 baht in the estimated car price. By way of example, when the car is estimated at 300,000 baht, the whole transfer cost can be 1,605 baht (105 (300000 x .005)).
Finally, if you are unable to accomplish it yourself, you may give the power of attorney to another one person to finish the paperwork for yourself.
Used cars registered in the different province need to have a whole new set of plates. The price of this can be around 200-300 baht.
Among my biggest concerns when buying an auto was where money would come from. In spite of the most affordable models I would personally still must borrow to finish the sale.
It’s entirely possible that foreigners to obtain loans in Thailand to buy an auto but you will find strict restrictions. The foreigner will need to have a checking account with good standing at a local bank. The foreigner wants a work permit or similar showing they’re here long lasting. Some people stated they may have been successful receiving a car loan by using a tourist visa, but it really appears to take plenty of effort, requires a greater deposit payment, and is decided upon through the manager at each place.
For the first car a foreigner buys they may want a Thai guarantor. This is usually a relative or friend but they need to be conscious of the situation and what happens in case the foreigner defaults around the loan. For the purchase of all cars thereafter and where the loan is by a similar source, a guarantor will not be needed. The exception to needing a guarantor takes place when the deposit payment is between 50-70%.
The last stipulation for obtaining that loan is that a minimum deposit of around 20% is necessary. Sometimes a bank will ask for a higher down payment when you are new in the country or have limited funds inside your bank. In either case make sure you prepare copies of your own work permit, passport, bank statement, and wage slips before applying for a loan.
Reuters reported the rate of loan defaults has become rising as a result of poor performance in the Thai economy and increasing household debt. Therefore, the conditions to get that loan are getting to be stricter and also the bank may request a Thai guarantor depending on your circumstances. One positive is the fact that banks are prepared to loan money to foreigners for auto purchases, unlike in terms of financing property. Additionally, they offer special incentives including % interest introductory offers.