Insurance and tax when you sell your car

Insurance -- Do you need it? Where to buy it?
Post Reply
User avatar
lassebasse
udonmap.com
Posts: 198
Joined: February 21, 2008, 3:56 am
Location: Udon Thani

Insurance and tax when you sell your car

Post by lassebasse » October 2, 2018, 9:45 am

Just wondering how they do in Thailand with insurance and tax when you sell a car. Does the insurance go with the seller? That is he will cancel his insurance and get some refund and does the tax go with the car? Please share if you have any experiance with these procedures.



minimiglia
udonmap.com
Posts: 352
Joined: January 31, 2017, 10:24 am

Re: Insurance and tax when you sell your car

Post by minimiglia » October 2, 2018, 9:52 am

All goes with the car

User avatar
sometimewoodworker
udonmap.com
Posts: 1472
Joined: October 7, 2008, 11:19 am

Re: Insurance and tax when you sell your car

Post by sometimewoodworker » October 2, 2018, 10:23 am

minimiglia wrote:
October 2, 2018, 9:52 am
All goes with the car
True car Insurance in Thailand is quite unusual to most countries as it is virtually always that it is the car not the driver that is insured, though there may be restrictions as to who can drive
Jerome and Nui's new househttp://bit.ly/NJnewHouse

User avatar
AA Ins Broker
udonmap.com
Posts: 144
Joined: July 18, 2013, 11:28 am

Re: Insurance and tax when you sell your car

Post by AA Ins Broker » October 2, 2018, 1:57 pm

lassebasse wrote:
October 2, 2018, 9:45 am
Just wondering how they do in Thailand with insurance and tax when you sell a car. Does the insurance go with the seller? That is he will cancel his insurance and get some refund and does the tax go with the car? Please share if you have any experiance with these procedures.
As mentioned the insurance is with the vehicle so when you sell the vehicle you can either cancel and ask for a refund** or pass on the Policy to the new owner.
In both cases simply tell your Broker what you want to do and they will take care of it for you.
If you have had the insurance a few years without claims then it’s advantageous for the new Owner to take over the Policy and to pay the full amount left on the Policy to the Seller
As far as the Road Tax is concerned, that stays with the Vehicle

** there will be a ‘deduction’ for service(?) by the insurance company.

Peter
Peter@aainsure.net

User avatar
parrot
udonmap.com
Posts: 9249
Joined: March 19, 2006, 8:32 pm

Re: Insurance and tax when you sell your car

Post by parrot » October 2, 2018, 2:45 pm

After we sold our truck in May, I went to Viriyah and asked for a cash-in on the unused portion of my first class insurance. No problem......auto deposited into my bank account a few days later. The mandatory insurance transfers to the new buyer.

Post Reply

Return to “Insurance”