Frequent question: Can foreigners buy car in Thailand?

Can I buy a car in Thailand with a tourist visa?

You can legally own a car in Thailand as a foreigner but you need to have a Non-Immigrant Visa and a Work Permit or Proof of Address Document (the later can be obtained from immigration Officials but you would need to be renting a house or apartment).

Can foreigners finance a car in Thailand?

It’s possible for foreigners to get loans in Thailand to buy a car but there are strict restrictions. The foreigner must have a bank account with good standing at a local bank. … The final stipulation for getting a loan is that a minimum down payment of around 20% is required.

Is it expensive to buy a car in Thailand?

Cars are expensive in Thailand and it doesn’t help that all the popular models are imported. The cost of a new basic model Honda Civic is 778,000 baht (24,698 USD) while the median income of a Thai citizen with a bachelor’s degree is 804,950 baht (25,554). … A car usually goes for around 1,200 to 1,500 baht per day.

Can foreigner buy car?

It is possible to purchase a car without being a US resident. But, you are usually required to produce a driver’s license showing an address in the state that you are making the purchase as well as show proof of insurance.

THIS IS FUNNING:  Can I use my Australian drivers license in Philippines?

Why cars are so expensive in Thailand?

The answer is import duties and taxes. In order to protect the domestic auto industry, the government has levied high import duty and taxes on all imported cars. … Importing a new car to Thailand will currently cost between 187 and 328 per cent in import taxes depending upon the engine size and power.

Can a foreigner buy house in Thailand?

Generally, foreigners are not allowed to directly purchase land in Thailand. … It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.

Can foreigners get a car loan?

Yes! Foreign Nationals and Expats can get auto loans in the United States, it just requires additional documentation. … Newcomers in the United States do not have a local credit history, therefore other forms of documentation may be required when applying for an auto loan.

Can a farang buy a car in Thailand?

Buying a car in Thailand is allowed for both Thai people and foreigners. You can buy a new car or a second-hand.

Can foreigners finance cars?

Many wonder though, can you get an auto loan if you’re not a U.S. Citizen? The answer is yes. … The good news is, Expats and Foreign Nationals CAN get auto loans by working with Expat car leasing, financing, and purchasing companies, such as International AutoSource.

Why are second hand cars so expensive in Thailand?

As ‘Jing’ says, the car market is not mature. There is also a very high import tax on foreign vehicles (depends upon many factors but all in excess of 320% of CIF value), which is why Thailand is a restricted market.

THIS IS FUNNING:  What affects Singapore dollar?

Does Thailand make good cars?

Thailand is a vehicle manufacturing hub. It has an annual output of nearly two million passenger cars and utes, most of which are exported globally. Unlike China, most vehicles made in Thailand are from foreign brands. Naturally, Thailand’s best selling cars are also made in the country.

How much does it cost to import a car to Thailand?

Most cars shipped to Thailand from the U.S. cost between $2,400 and $5,900 to transport. Costs can fluctuate based on the size and type of vehicle, as well as the location it’s being shipped from in the United States.