Flashermac Posted February 11, 2019 Report Share Posted February 11, 2019 It's a "must have new car" mentality with most Thais nowadays. Traffic is horrible and parking in Bangkok is a major problem, but you still see plenty of "red plates" on the roads. I bought a 7-year-old Honda Jazz in great shape from a Farang owner for 240,000 baht when I lived near Pattaya. A brand new Honda would have cost me over 800,000 and got me where I was going no faster. Plus that now 11-year-old car has never given me the least bit of trouble. There are plenty of storage lots in southwest Bangkok that are filled with nearly new cars that were repossessed because their owners couldn't keep up the payments, but would a Thai look at them? Nope, gotta have a new one ... even if the payments equal half or more of their monthly income. Then either the husband or wife loses their job and the car gets reclaimed. Bye bye all that money. p.s. Years ago, you could have a dollar account at the Bank of America here. I'd keep half my money in dollars, and the rest in baht. That meant that either way the dollar/baht rate went, I was covered. Then the Thai government decided that accounts in Thailand could only be in Thai baht. So much for that. Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now