Compare Car Finance in Thailand

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19 live offers compared from 11 providers. Updated daily.

What is Car Finance in Thailand?

Car finance (auto hire-purchase) lets you buy a new or used vehicle by paying a deposit and repaying the balance in fixed monthly instalments, with the finance company holding the vehicle registration until the loan is settled. It is the dominant way Thais buy cars and pickups, and the market also includes "car-for-cash" loans that borrow against a vehicle you already own. Providers are banks and finance companies supervised by the Bank of Thailand, often working directly with dealers at the point of sale.

How the Thai market works

Most car buying uses hire-purchase, where the lender legally owns the car until the final instalment. The BOT and the Office of the Consumer Protection Board set rules on hire-purchase, including caps on the effective interest rate (broadly around 10% for used cars and lower for new cars under recent controls) and clear rules on early-settlement rebates and repossession. Deposits are typically 15–25%, and terms run up to 84 months. Rates depend on whether the car is new or used, the term and your credit profile, and manufacturers frequently subsidise low promotional rates on new models to drive sales.

Benefits

Spread the cost — drive now and pay over several years in fixed instalments.

Competitive new-car rates — manufacturer tie-ups often subsidise interest.

Access to used cars — finance covers second-hand vehicles too.

Equity release — car-for-cash loans unlock money from a paid-off vehicle.

How to choose

Compare the effective interest rate rather than the flat rate, and look at the total repayable over the full term including the deposit. Check the deposit required, term length, early-settlement rebate terms and any dealer-arranged insurance bundling, which can be added to the loan. New-car promotional rates can be very low but may require specific models, a larger deposit or a shorter term. Confirm the lender is BOT-supervised and that the hire-purchase contract clearly states ownership transfers to you on the final payment.

Leading providers in Thailand

Leading auto financiers include SCB, Kasikornbank, TTB Bank (a major auto-finance player through ttb DRIVE), Krungsri (Krungsri Auto is one of the largest), TISCO Bank, Kiatnakin Phatra Bank, Bangkok Bank and LH Bank. Krungsri Auto and TISCO are especially strong in vehicle hire-purchase, and TTB has one of the largest auto-loan books, with wide dealer relationships nationwide.

What it costs

Cost depends on the interest rate, term and deposit. New-car finance can carry low, sometimes manufacturer-subsidised rates, while used-car finance is higher and capped under consumer-protection rules. Add compulsory motor insurance (Por Ror Bor) and usually voluntary cover as conditions of the loan, plus registration and processing fees. Early settlement triggers an interest rebate calculated under regulated formulas, so paying off ahead of schedule can save meaningfully. Because hire-purchase interest is typically quoted as a flat rate on the original amount, the effective rate you actually pay is close to double the flat figure — always convert to the effective rate before comparing a new-car promotional offer against standard used-car financing.

Protections and regulation

Auto hire-purchase is governed by Bank of Thailand supervision and Office of the Consumer Protection Board hire-purchase regulations, which cap interest, mandate early-settlement rebates and restrict repossession practices. Contracts and the National Credit Bureau record your obligations. The vehicle's compulsory Por Ror Bor insurance is separately required for road use.

Common questions

Who owns the car during the loan? The finance company, until the final instalment is paid.

What deposit is needed? Typically 15–25%, depending on the car and lender.

Can I settle early? Yes — you receive a regulated interest rebate on the remaining term.

Do I need insurance? Yes — compulsory Por Ror Bor plus usually voluntary cover as a loan condition.

Car Finance in Thailand — FAQ