Why are second-hand cars so expensive in Thailand?

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.

Can foreigner 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.

How do I transfer ownership of a car in Thailand?

The transfer of ownership must take place at the land transport office. There is one in every district. You also need to keep in mind that the transfer has to be done at the DLT where the vehicle was initially registered. You want to make sure the car or bike was registered at an office near you.

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.

How much is car tax in Thailand?

The fee will vary according to the type and age of your vehicle. You should expect to pay around 300 to 400 baht for a new tax sticker for your motorbike and between 1,000 to 7,000 baht for your car.

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.

Can I buy a car on a tourist visa Thailand?

You can’t buy and register a car as a tourist, you need to have a Non-Imm visa and a work permit or residence certificate.

How much does it cost to transfer car ownership in Thailand?

The transfer cost is based on the estimated sale value of your car. In addition to the stamp fee, there is a 105 baht transfer fee. The stamp fee is . 005 baht from the estimated price.

How much is car insurance in Thailand?

How Much Does Car Insurance In Thailand Costs? The costs of each insurance policy will differ because they are all unique. The cost of car insurance is determined by the policy and coverage included; however, prices for car insurance typically range from 5,000 baht to over 7,500 baht for better premiums.

How much is car registration in Thailand?

Registration fees: You should expect to pay around 300 to 400 baht for a new tax sticker for your motorbike and between 1,000 to 7,000 baht for your car. For example, the cost of renewing a Toyota Altis 1.8’s registration is roughly 2,000 baht.

How long can foreign car stay in Thailand?

6 months
Temporary Import of Personal Vehicle If your vehicle (motor vehicle, motorcycle, yacht, sports boat, fishing boat…) is aiming to stay for a period of 1-2 months, but not exceeding 6 months, you will not have to pay any duty.

How do I register my car in Thailand?

Required Documents For Permanent Registration

  1. Passport & Visa.
  2. Residency certificate or work permit.
  3. Thai driver’s license.
  4. Roadworthiness certificate (TorRorOr)
  5. Vehicle Tax payment.
  6. Registration.
  7. Insurance.
  8. Bill of lading.

What is the best second hand car?

Kia Niro EV EX. The plug-in electric version of the Kia Niro compact crossover SUV debuted in Europe in 2017 and in the United States in 2018.

  • Hyundai Kona Electric Ultimate. Recognizable by its array of available colors,the Honda Kona EV has been on the market since 2018.
  • BMW i3.
  • How to buy a car in Thailand?

    – Set yourself a budget – Check the car you would like to bid on, including the documents – Pay by internet bank transfer for the safest method of payment – All cars are sold “as is, where is;” there are no returns – Read the terms and conditions – Ensure you have the correct name registered for the auction – Bid clearly and don’t wait until the last minute.

    Can you rent a car in Thailand?

    You must be at least 21 years old and have a category B driving license for at least one year before you can rent a car in Thailand. Certain car rentals set an even higher minimum age limit of 23. You’ll also need the following documents: A credit card registered to the main driver with sufficient funds to cover the deposit and fee

    How to rent a car in Thailand?

    – the specific address of the office – whether delivery to another address is possible – whether or not tax is included – the types of insurance included