Pattaya, Sunday 7th February 2010 [PDN]: – Instead of trying to borrow off friends, (which often destroys many a good friendship), the “Ayutthaya Capital Auto Listing Public Company” has the ideal answer. PDN interviewed Khun Namtip, who is the Vice President of what is the largest finance company of this type in Thailand..
She stated, – “Our client’s car is used as co-lateral (security) for a monitory loan at rates that are cheaper than normal bank interest and these rates are from only 0.38 %. Furthermore, they can be taken out for time p
eriod varying from 12 – 72 months (1 – 6 years);” so we asked if this sort of system applies to the purchase of new cars?
Khun Namtip replied that their subsidiary company specializes in this side of the business, especially in all types of motorbikes, both large and small, plus cars are also included. You will be pleased to know that the interest & repayment schedules a pretty well identical to their loan rates, which is particularly good news for young vehicle buyers. The “Cash-4-Cars” Public Company has branches in many cities in Thailand, including Pattaya, so they give you a financial option that is acceptable and as an alternative.
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