Govt to help first-car buyers who can't meet payments

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Govt to help broke first-car buyers

Published: 15 Feb 2013 at 16.47
Online news: Local News

The Finance Ministry will be "accommodating" towards first-time car buyers who cannot make payments on cars bought through the government's populist policy, according to deputy minister Tanusak Lek-uthai.

"I will consult with the Comptroller-General's Office to see if we can hold talks with the auto leasing companies about whether some leeway can be given [if buyers cannot meet payments]," he said.

"I don't want to see the government having to sue people. I'm going to set as a policy that we have to help the people."

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wyle
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Discussion 23 : 16 Feb 2013 at 05.2923
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I would think only a blind person would not see this coming. Why would a finance company make a loan to a person who could not make a payment unless they knew the government would step in and make the payment for them.
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g.manont
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Discussion 22 : 15 Feb 2013 at 21.0822
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.
I'm a salary man, my income is 15,000 bht/month per Gov.'s Bachelor degree min. I already bought the fisrt car and will get 100,000 rebate.

Then I do the calculations ;

1. Renting.............4,000
2. Gasoline............7,000
3. Three meals a day...9,000 ( 100 per meal X 3 meals X 30 days )
4. Clothes.............2.000 ( 1000 bht shirt,1000 pants )
5. Go out..............3,000 ( 1000 bht x 3 nights )
6. Car payment........12,000
Total..............37,000
7. Government pay me 5,000
32,000
Income.............15,000
OMG................17.000

Never mind this stupid calculations, I'll talk t
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wyle
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Discussion 21 : 15 Feb 2013 at 20.0221
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Anything for a vote. Who said there was no vote buying in Thailand? Election Commission, are you powerless with this type of vote buying?
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g.manont
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Discussion 20 : 15 Feb 2013 at 19.5920
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I have 3 type of comments ;

1. Darn, I was going to set up a used-car lot. Buying all those " New Car - Can't Pay " cheap and resell high.

2. Darn, this is one of the clever ideas of the year. Think, whenever the fund is dispersed, it's a 50% to the wat , and 50% to the committee.

3. Darn, Harvard Business school must put this idea into it's " Book-To-Read " list.

.
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bkk-farang
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Discussion 19 : 15 Feb 2013 at 19.5919
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@solitair #15, when you write “this whole vote buying scheme is bordering the criminal” are you surprised? As we all know the fugitive criminal Thaksin thinks and PT acts. And because his little sister is PM and his friends are top of the police the fugitive criminal will continue with the thinking. And because he is outside of Thailand nobody can arrest him for his criminal activities. And people still vote for that guy – Amazing Thailand.
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felixqui
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Discussion 18 : 15 Feb 2013 at 19.5518
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"I don't want to see the government having to sue people."

So, if I decline to pay my Thai taxes in future, they will kindly accommodate my wishes instead of suing for the money? Perhaps by offering an indefinite deferral? That will certainly make the government a bit more popular with me, and I'm sure with many others.
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upena
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Discussion 17 : 15 Feb 2013 at 19.5017
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I bought a truck but did not qualify for the 100,000 rebate since I am not Thai. I put 200,000 baht down and make 15,000 baht payments monthly. Why should those that got the rebate get help? I know if I could not make a payment I would not receive any government assistance.
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garabaldi
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Discussion 16 : 15 Feb 2013 at 19.4416
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A logical consequence of consumerist Capitalism. What did you all expect? Bail them out to protect the system.
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soltair
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Discussion 15 : 15 Feb 2013 at 19.0815
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"I will consult with the Comptroller-General's Office to see if we can hold talks with the auto leasing companies about whether some leeway can be given [if buyers cannot meet payments]," he said.
"I don't want to see the government having to sue people."
Someone somewhere will pay for this, probably the taxpayer. Basically this whole vote buying scheme is bordering the criminal, like so many PTP scheme's.
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The Dark Side
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Discussion 14 : 15 Feb 2013 at 19.0414
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D#9 Spiceman.... I believe the debt crisis is just around the corner. Problem that PTP has is they will not be able to use rotten rice as collateral! This is like a real life cartoon with the Simpson family running Thailand.
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