Buying a car can fill many people with excitement and happiness. Regardless of the type, brand, or model, a car is one of those acquisitions that are part of the heritage that you can build with much effort, work, and dedication.
However, before making the purchase, you must be sure of the method you will use to pay for it: cash or financed. Car brands may offer to finance, but they are not the only alternatives since other institutions such as banks that offer different financing options to pay for a car in installments.
Most of the possibilities in the market to finance the purchase of your car ask for very similar requirements, and one of them is a good rating in the credit bureau. You may think that, if you do not have a good credit history, you are not a candidate to obtain a car backlog (รถค้างค่างวด, which is the term in Thai) but, however, you may be wrong.
Can You Give Me An Auto Loan Without A Bureau?
If you have a bad credit history, most of the companies that can offer you financing will not grant you an auto loan. In that sense, it might seem that the only option is to buy the car by paying in cash, so it will be more difficult for you to get an auto loan without a bureau.
This option may not fit the reality of many people who would be unable to buy a car. However, some companies that lend money to buy a vehicle may make an exception.
The solution they can offer is that the loan is requested with a co-debtor with a good credit history, or that they offer you financing with a higher interest rate. The general recommendation is to seek a point of agreement regarding payment. It is about trying to reach a point that is comfortable and safe for you, but that gives certainty of payment to the institution that provides the financing.
