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News Forum - Woman faces 4 million baht debt without receiving truck from failed purchase deal

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Thaiger Rising Star

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A shocking turn of events left a 39 year old woman from Kamphaeng Phet province with a staggering debt of 4 million baht (US$115,107) without possession of a vehicle she attempted to purchase. Nam Aoy Aiemviboon had agreed to pay 67,892 baht (US$1,954) per month over 60 installments for a second-hand Hino S700 truck and … …

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Fanta Grand Master

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9 hours ago, Skip said:

Surely the finance company is culpable for not securing title to the vehicle...

What title? The vehicle was to be imported from Japan. If it is an unsecured loan and the borrower approved the funds transfer then the borrower is liable for the payments regardless of delivery status. 

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