Answered4 years ago

Can I finance a motorbike in Thailand with a non O spouse visa and income from abroad?

motorbike financing Thailand non O spouse visa expat finance remote work loan requirements

Mickey ***********

asked Jul 28, 2022

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I have a question about getting finance for a motor bike in Thailand. I work remotely from Australia. I do not have work in Thailand. But I have a continual income. I'm on a non O spouse visa. Is it possible?

Answer summary

The question is about financing a motorbike in Thailand while holding a non O spouse visa and having a remote income from Australia. Responses suggest that obtaining a loan may be challenging without a Thai work permit or local income. Options such as having a Thai guarantor, registering the vehicle under a spouse's name, or paying cash were recommended. There's also mention that cash discounts are rare, and some commenters advise negotiating with dealers.

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Steve *******

That'll be down to your bank but it is possible.

4 years ago

Mickey ***********

The reason I ask.... No discount for cash.. only discount for finance

4 years ago

Mickey ***********

Thanks all for your comments.

4 years ago

Shayne **********

@Mickey **********

no discount on finance either. You pay the full four year or five year interest whether you pay it off in one or two.

Change dealer if no cash discount.

Make a number what you're prepared to pay put it on the counter and see if they take it. Otherwise go elsewhere.

4 years ago

Frank-Steven ***********

@Mickey **********

Some things are really different here, aren't they 😃

4 years ago

Braulio *********

Cash

4 years ago

Stephen *******

No.

4 years ago

Frank-Steven ***********

Probably going to be difficult. It might work if someone acts as a guarantor for you (spouse?). But probably easier to put it in the spouses name in the first place. Or best of all solutions: Pay cash. Always best to pay for things to play around with (like motorcycles) with cash from savings. If you don't have any, maybe you could get a credit from your home country and then use that to buy the motorcycle. Just a few thoughts. Never tried to get financing in Thailand myself thus far.

4 years ago

Brandon ************

Generally to get any kind of loan in Thailand, you have to have a work permit and a job/income from Thailand to back it.

4 years ago

Frank-Steven ***********

@Brandon ***********

True, yet ironic. Cause having a work permit / working in Thailand likely correlates to having a smaller (and potentially less secure) income than someone who works remotely for some western countries company. But banks in all countries are kind of national-focused in this respect, not only in Thailand.

4 years ago