Cars--rent or buy?

[nkped 1,208]

Before my sojourn back to the world I rented a car for a bit more than six months. I liked having my own wheels whenever I wanted and will want to have similar convenience when I go back to Pattaya at the end of the month.

 

Now, the question is whether it makes more sense economically to rent or buy in Pattaya. The cost of renting a Toyota Vios for six months was somewhere around 115,000 baht for six months. No, I don't have the exact figure, I'm not that well organized. But at any rate, it occurs to me I can rent a car for a long time for what it would cost to buy a new car or truck. I don't have any car costs or concerns for the two months I am here in Alaska. If things go pear shaped in Thailand, I wouldn't have an asset I would have to dispose of.

 

I will readily admit buying a vehicle is not solely a rational, economic decision. (I want a truck. ) But as to the cost/benefit analysis, is there something significant I'm missing. (I want a truck. )

Edited July 6, 2016 by nkped

[jacko 8,815]

Before my sojourn back to the world I rented a car for a bit more than six months. I liked having my on wheels whenever I wanted and will want to have similar convenience when I go back to Pattaya at the end of the month.

 

Now, the question is whether it makes more sense economically to rent or buy in Pattaya. The cost of renting a Toyota Vios for six months was somewhere around 115,000 baht for six months. No, I don't have the exact figure, I'm not that well organized. But at any rate, it occurs to me I can rent a car for a long time for what it would cost to buy a new car or truck. I don't have any car costs or concerns for the two months I am here in Alaska. If things go pear shaped in Thailand, I wouldn't have an asset I would have to dispose of.

 

I will readily admit buying a vehicle is not solely a rational, economic decision. (I want a truck. ) But as to the cost/benefit analysis, is there something significant I'm missing. (I want a truck. )

It's dependent on how long you expect to keep it.

Firstly I expect you have a Thai driving licence and a long-term visa that will allow you to own a vehicle... after that it is a matter of working it out. A top of the range truck will be up to say a million baht, insurance, maintenance and tax each year on top. If your rental is 115k each trip it will be 8-9 years before covering those expenses.... not including any resale value on the truck.

 

I used to rent a motorcycle for 1800/month, and the TGF persuaded me it was a waste of money. At first I was sceptical as a 55,000 baht outlay looked more of a commitment than a saving. I still have the same bike after 9 years and obviously saved a bundle! And still have the bike running and looking good... one bad accident could have changed all that though.

[PoolHustler 47]

I would say rent

LOW SEASON PRICE SPECIAL

FOR RENT
Toyota Vios 1.5 Automatic 2016

Very economical, Only 3 months old
USB, MP3, CD, ABS, Airbags, electric windows
1st Class Rental insurance, no excess mileage charge
FREE Delivery and pick up

1 Week 6,000 baht
1 Month 18,000 baht
6 Months 17,000 baht per month
Tel 0899-326-716 or Thai 0895-467-216
E.Mail pattayagolf@hotmail.com or pm here

Edited July 6, 2016 by PoolHustler

[nkped 1,208]

 

I would say rent

LOW SEASON PRICE SPECIAL

FOR RENT

Toyota Vios 1.5 Automatic 2016

Very economical, Only 3 months old

USB, MP3, CD, ABS, Airbags, electric windows

1st Class Rental insurance, no excess mileage charge

FREE Delivery and pick up

1 Week 6,000 baht

1 Month 18,000 baht

6 Months 17,000 baht per month

Tel 0899-326-716 or Thai 0895-467-216

E.Mail pattayagolf@hotmail.com or pm here

 

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