Can a foreigner with a Thai bank account get a loan to buy a vehicle in Thailand?

You can even buy a Villa

I got a car loan a few years ago to buy a used car from a bkk garage / normal interest rates , no job ,no work permit - had to deposit 30% of the car value tho - so it is certainly possible

I seriously doubt it.

When I arrived in Thailand, I ‘almost’ got NISSAN to finance my new NISSAN but they wanted the loan paid off in 1 year. Not quite the financing I was hoping for. I ended up paying CASH for my new car.

Anything is possible some possibilities less than others.

Of course as long as your credits good

Phuc no !!?

They're all mostly tight

Not likely. Some of the tightest banks on the planet.

No

You need work permit usually and you need to show you can pay. Same thing like your home country. I think it's same everywhere, you need income (work, pension etc) to show you can pay.

You will have a better chance of being a Thai citizen 😉

Isn't it something u should ask your bank🏦🤔

I was accepted for car finance… 1st I needed to be on a non im visa then it was just based on my Thai account having monthly overseas deposits (from my own uk account)

Try Krungsri Auto

555

No

Yes IF you meet the other conditions, which normally include some combination of paying a decent deposit (+20% of purchase price), having a Thai in good financial standing act as your guarantor, and showing evidence of +6 months of consistent income (well in excess of monthly cost to service the loan).

I was told by one to bring wp visa and passport and hood to go

No, not to Farangs

A good life lesson is to never buy anything you can't afford in the first place... Safes you a lot of headache later on.

100% no!!!

So many guesses and no correct answer.

Maybe a better question should be

Is my good credit rating applicable in Thailand...?

Or do I have to start a new Thailand credit history?

Try doing a deal with the company selling the car..I bought my first car with 6x1 monthly payments to the showroom selling the car.

(Mitsubishi)

Establish a Thai Company, register your Thai GF/WIFE as employee for the company, pay "monthly salary" to your wife fe. 50k a month, once your wife have "worked" for you 3-6 months, she will be eligible to make the finance with bank or dedicated car financing companies, pay down payment for car, pay the monthly installments to pay off the vehicle and if you have trust issues with your spouse then create and let her sign power of attorney to transfer the vehicle to your name after the last payment.

You can also mark yourself as director/employee for this company, withdraw the salary for yourself and do the financing directly in your name but in this case you must pay the social security etc. costs for minimum 3x Thai employees.

Or use a house, condo or land as collateral (not recommended) 😅👌

Stay home buddy you be better off

I got a loan from a finance company to buy a car a few years ago but that was only because I had a Thai company. Otherwise no way as a foreigner.

Best to ask the bank as they do a case by case study. Having a Thai guarantor who has a job or a house will help.

Absolutely NOT. If you just have a retirement visa no way. To put in perspective could you get a loan from a bank in the country you are from with no permanent residency. In Thailand you can get a loan if you have a work permit.

Bought a used car for about 379,000 baht in Pattaya 6 years ago when on retirement visa. My then girlfriend co-signed. 3 years ago bought a new Toyota truck about 900,000 baht but married (to the same girlfriend). I don’t think she co-signed but could be wrong. So…there are ways to buy. Go to the dealer or used car shop and they want to sell you a car so will do what they can. If you want to borrow money from mainstream bank for car perhaps more difficult. Oh, I have a retirement income and wife is a teacher but they don’t make much money.

If you have a million USD in the account, they will. Oh wait, then you wouldn't need it ...

If you married have land and and house they will sure.

I can answer for you and save you a headache: NO, not without a workpermit even with that its hard.

If you’re living in Bangkok, you don’t need a car. 🤔👍🏼

Important question is do you have good credit.

Wanting to borrow money for a car (an asset that rapidly depreciates in value) could be seen as evidence that you probably shouldn't be borrowing money.

It is the single biggest sinkhole for the middle class globally.

Get a cheap used car, it's easy to find good mechanics in Thailand who will keep it running.

Dur - ask the bank ? 🫤

I think if you have a income plus property you can give your deeds to the bank until the loan is paid off but I would go and talk to the bank

It’s difficult even if u have a retirement income or if your income is from overseas.. I have a friend who earn USD$20,000 pm and he could not get a car loan because he was on retirement in Thailand. 🤣🤣. But if you have a work visa - you will get an auto loan even if you earn US$1,500 pm

try to ask Bangkok bank 🏦

I belive that social security and your retirement account are considered income but i would check with the bank .

Thats if you retired there and tapped those income streams

Yes, with proof of income. Your income should be 2-3 times higher than the monthly installment amount.

They won’t - u need to show up a stable revenue

You’ll need to have a job with a track record of a few years

Best of luck with that

Ask the bank would be the logical answer as there are many variables to the way Thai banks regard farangs