100,000 bht cash back on new cars

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Asia > Thailand Expat Forum for Expats Living in Thailand

Thailand Expat Forum for Expats Living in Thailand The Thailand Expats Forum is dedicated those individuals that have chosen to make Thailand their new home. This forum is an ideal place for Expats now living in Thailand to meet and discuss all aspects to their new Thai way of life.

Like Tree1Likes
  • 1 Post By Grennor

100,000 bht cash back on new cars


Reply
 
Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 9th March 2015, 03:23 AM
New Member
 
Join Date: Nov 2008
Location: leeds
Posts: 16
Rep Power: 0
Grennor is on a distinguished road
1 likes received
3 likes given

Default 100,000 bht cash back on new cars

Just over 2 years ago my Girlfriend bought a new car and took advantage of the government 100,000 bht cash back, we would like to trade in for a new car but are told that she would have to refund the 100,000 if changing before 5 years have passed , to me this seems ludicrous , as the original idea behind the cash back scheme was to help the industry to sell cars , yet they don't want us to change for 5 years ? Surely if trading in for a new car everybody wins , maybe General Prayup needs to look into this backward move ? Has anyone heard differently ?
Asian Spirit likes this.

Reply With Quote Quick reply to this message
  #2 (permalink)  
Old 10th March 2015, 01:39 AM
Member
 
Join Date: Dec 2013
Location: Bangkok
Posts: 163
Rep Power: 122
tod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to behold
111 likes received
1 likes given

Users Flag! Originally from usa. Users Flag! Expat in thailand.
Default

Well, I hate to be the bearer of bad news BUT that scheme was cooked up so people would BUY new cars not so they could trade 'em in after two years AND after receiving what ever rebate they got!

Here's a blurb on how the scheme worked;

Quote:
According to the scheme, car buyers eligible for tax refunds must be at least 21 years old. They must hold ownership of the cars for at least five years. Their vehicles must not be worth more than one million baht, with engine capacity not exceeding 1,500 cc. The cars must also be manufactured in Thailand, excluding those produced with imported used parts. The refund will be made from 1 October 2013 onwards.

The Ministry of Finance reported that the car buyers would be refunded the actual amount of tax they have paid but the ceiling of the refund is set at 100,000 baht per unit. Another requirement is that the cars must be purchased from 16 September 2011 to 31 December 2012.
You can see by this that she's gotta hold onto it for 5 years. End of story.. Just an FYI; this scheme was suicide for the thai auto industry and the government tax coffers too! The number of people who defaulted on the loans went thru the roof!

I'd tell your g/f to suck it up, keep the care another three years to honor the rebate contract, or dig into hers/your pockets and cough up the 100K rebate she got..

Like I said, hate to be the bearer of bad news. Hate the message if you want not the messenger...

Reply With Quote Quick reply to this message
  #3 (permalink)  
Old 10th March 2015, 05:44 AM
New Member
 
Join Date: Nov 2008
Location: leeds
Posts: 16
Rep Power: 0
Grennor is on a distinguished road
1 likes received
3 likes given

Default

Thanks Tod , and yes it s**ks , but it was only open to 1st time buyers , so can't see the sense in encouraging them to keep the same car for ,5 years??? Crazy logic


Last edited by Asian Spirit; 12th March 2015 at 03:13 AM.
Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 12th March 2015, 02:57 AM
Member
 
Join Date: Dec 2013
Location: Bangkok
Posts: 163
Rep Power: 122
tod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to beholdtod-daniels is a splendid one to behold
111 likes received
1 likes given

Users Flag! Originally from usa. Users Flag! Expat in thailand.
Default

Hey, I checked with some thaiz about this.

It would appear that there's no restriction on your g/f selling the car second hand to a private party (not trading it in at a dealer), using that money to pay off the outstanding balance on it and keeping the 100K rebate she got..

Or at least that's how it was explained to me in thai by a thai who did it..

I'd check with someone but it would appear that's the consensus. They said it was a pretty common thing.

Reply With Quote Quick reply to this message
Reply


Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Location
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.

Log-in


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Vast majority voted for a $100,000+ Salary, r u insane?! Riza2012 Australia Expat Forum for Expats Living in Australia 8 24th February 2013 03:47 PM
Canadian system changes could see 100,000?s of visa applications rejected Editor Canada Expat Forum for Expats Living in Canada 0 7th June 2012 08:00 AM
$100,000/year ? jerome michallat Australia Expat Forum for Expats Living in Australia 69 5th April 2012 01:40 AM
100,000 AED per annum KINGY2110 Dubai Expat Forum for Expats Living in Dubai 13 13th January 2011 02:26 AM
Is a salary of 100,000 AUD sufficient? Zylinx Australia Expat Forum for Expats Living in Australia 8 15th October 2010 08:29 AM

FORUM PARTNERS

ExpatForum.com is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 03:10 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.