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Auto Loan (Financial Lease)

For Corporate Customerss:
Lower tax burdens, better accounting management​

Linked Slide

Get a Fixed Lease and Interest Rates
...steady throughout the contract term

Get a fixed effective rate deal

It’s Tax Deductible!

Good for business groups or entities
That can use the benefits to reduce their expense burden

Only 0-30%*
For the deposit payment!

*Depending on vehicle type and customer creditworthiness

Get up to 6 years
To pay back the loan

And still have a residual value at the contract conclusion

Loan Application Details

Eligibility

Registered Businesses

  • Businesses at least 2 years old
  • Registered in Thailand


Required Documents

Registered Business

  • Copy of National ID Card of:
    • Authorized director (affixed with company seal) – 4 sets
    • Guarantor – 4 sets
    • Grantor of power of attorney and the authorized person (if any) – 4 sets
  • Copy of House Registration of:
    • Authorized director (affixed with company seal) – 4 sets
    • Guarantor – 4 sets
    • Grantor of power of attorney and the authorized person (if any) – 4 sets
  • Copy of Certificate of Business Registration and Company Objectives (within 3 months) – 4 sets
  • Copy of the Memorandum of Understanding and Articles of Association (within 3 months) – 4 sets
  • Bank account statement covering at least the past six months – 1 set
  • Financial statements of the past three years ​1 copy
  • Latest P.P. 30 (Value Added Tax Return) form, from the month of financial statement submission to the present




FAQ

What are the tax benefits of the Auto Loan (Financial Lease)?

For financial lease contract, the company can deduct the rental installment payments of up to 36,000 Baht a month as expenses.

Which types of cars are eligible for a Auto Loan (Financial Lease)?

7-seater passenger vehicles and all types of commercial vehicles.

What type of interest is charged on a Auto Loan (Financial Lease)?

Fixed effective interest rate.

How long is the term on a financial lease, or an auto hire purchase loan?

Financial lease term of 3-6 years​.

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