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Home » Reader question » Reader question: Who knows where confiscated cars are sold?
Reader question: Who knows where confiscated cars are sold?
Dear readers,
I understand that quite a lot of almost new cars are sold in Thailand at a bargain price. The reason for this is that the finance company seized the car because the buyer did not meet his payment obligations.
Who knows where those cars are sold?
Regards,
Hans
Hans,
They are regularly sold through safes. If you search for 'car auctions' you will come across companies that take on that task. Buyers are almost always second hand car dealers.
Website of banks, Kasikorn bv
I found a car auctions website but it is in Thai
http://www.aaacarauction.com/carauction.php
https://marketplacethailand.com/?s=&sa=search&cp_city_zipcode=&distance=50&scat=309&refine_search=yes
Well, most and the best go to the dealers and the rest is sold to traders, which is useful if you speak Thai at such an auction and also understand it.
The prices are not so "soft" here in Chiangmai. And you have no guarantees.
Compared to the Netherlands, “second-hand” cars are expensive in the Chonburi area.
For some, warranty up to the front door and no warranty on the actual km driven. stand.
A monthly public auction of these vehicles is held at the MAKRO site/parking lot in Nakhon Pathon
There is a very large, several hundred cars on Tiwanon road, Nonthaburi, between Pakkred and Muang Thon Thani.
hans
see response petervz
yes if you do not speak Thai, etc, I don't think you should start
I also think that you can buy something better through falang acquaintances if you live here
either they go back or want a new one
and yes at the dealer they really get little in return.
most cars are well maintained and have driven few km, even though they are, for example, 5 years old.
regards peter udon thani
Everything that still runs or rolls has value in Thailand.
An old pickup sagging, without doors, without lighting can still be used as a tracktor and therefore has value.
If you think you are buying cheaply at an auction or the like, then assume that the price is equal to the "market value" and that can be quite high (by Western standards).
m.f.gr
Many of these cars have been cannibalized. New parts are exchanged with old or 2nd hand parts, after which the debt is no longer repaid and a seizure follows. Not all, of course, but a significant portion. I live among Thai, always lived, and have many examples of that. I have been a victim myself. During repair new car, after collision, battery replaced for old scrap.