Terms and Conditions – Auto Financing Transfer

  1. ​​The vehicle must have been properly registered at the Department of Land Transport; a vehicle with temporary (red) license plate is not acceptable.
  2. The customer must have paid all installments up to date, including any fees due for late payments with KLeasing.
  3. The vehicle must be in a serviceable condition and has been brought in for inspection on the date of the request for transfer of auto financing.
  4. The document submission fee is 1,000 Baht, to be paid on the date that the request for transfer is submitted (the receipt/tax invoice will be issued in the name of the current financing customer).
  5. The transferee and guarantor must each have an income at least twice the monthly installment for the new financing.
  6. The transferor, transferee and guarantor must all appear together at the KLeasing office to sign the new financing contract in the presence of KLeasing staff.

Transfer of Auto Financing Expenses

  • Two installments are to be paid in advance
  • A transfer fee of 1 percent from hire purchase balance at a minimum of 3,000 Baht
  • Fees for changing the name of the car possessor and car inspection, totaling 2,000 Baht
  • Type-1 vehicle insurance premiums

    Note:

    • If the remaining term of existing compulsory insurance is less than 3 months, the transferee must undertake new type-1 vehicle insurance coverage via KLeasing.
    • If the transferee is a juristic person, the current Type-1 insurance policy must be cancelled and KLeasing must be requested to undertake new coverage for the transferee.
  • Car annual tax and/or additional taxes levied for a juristic person

    Note:

    • If the annual tax payment will be due within 3 months of the transfer approval date, the transferee must pay for the tax renewal fee along with the change of possessor’s name.
    • If the transferee is a juristic person, the transfer of auto financing will be subject to additional taxation in accordance with the Department of Land Transport’s statutes.


Payment Conditions

​The transferor or transferee must settle all expenses toward the transfer of auto financing to complete the process within 30 days of the transfer approval date; otherwise, the process will have to be restarted.


Required Documents – Auto Financing Transfer

Natural PersonsTransferorTransfereeGuarantor
1. Copy of National ID Card/Government Official ID Card (for foreign nationals – copy of passport and work permit)2 sets3 sets2 sets
2. Copy of House Registration2 sets3 sets2 sets
3. Original salary payslip or certificate of income-
4. Copy of deposit account statement covering at least the latest 6 months-1 set1 set
5. Map of current residence-1 set1 set
6. Map of current workplace-1 set1 set
7. Duplicate of current auto financing contract --
8. Motor insurance policy schedule of coverage --
9. Original Compulsory Motor Insurance Policy, original --
10. Copy of Transport Business License or other related documents (for vehicles used in transport business)-1 set-

Note:

  • All documents must be certified as true and correct.
  • The guarantor must be a natural person only; juristic persons or foreign nationals are not eligible to act as a guarantor.
  • If the transferor is deceased, other documents required to complete the transfer include the Certificate of Death, and a court order specifying the deceased’s executor or asset management authority, together with 3 copies of the executor’s National ID Card and House Registration.
  • If any documents submitted are to be crossed:
    2 sets must be specified with “For use in transferring auto financing only”
    1 set must be specified with “For use in NCB verification”
    Or other phrases having similar content.
  • KLeasing does not accept any transfer without specifying the transferee, i.e., an open-ended transfer.

Juristic PersonsTransferorTransfereeGuarantor
1. Certificate of Business Registration (issued not over 3 months prior to the application date) and Company Objectives2 sets3 sets-
2. Copy of National ID Card or Government Official ID Card of the authorized director2 sets3 sets2 sets
3. Copy of House Registration of the authorized director2 sets3 sets-
4. Copy of House Registration of the guarantor--2 sets
5. Copy of deposit account statement covering at least the latest 6 months-1 set1 set
6. Map of current home-1 set1 set
7. Map of current workplace-1 set1 set
8. Duplicate of current auto financing contract1 set--
9. Motor insurance policy schedule of coverage 1 set--
10. Original Compulsory Motor Insurance Policy1 set--
11. VAT Rebate Certificate (Phor.Phor. 20) (except for businesses exempt from VAT by the Revenue Department)-1 set-
12. Commercial Registration Certificate-1 set-
13. Shareholder List (BorOrJor. 5)-1 set-
14. Copy of Transport Business License or other related documents (for vehicles used in transport business)-1 set-
15. Original salary payslip or certificate of income--1 set

Note:

  • All documents must be certified as true and correct.
  • The guarantor must be a natural person only; juristic persons or foreign nationals are not eligible to act as a guarantor.
  • If the transferor is deceased, other documents required to complete the transfer include the Certificate of Death, and a court order specifying the deceased’s executor or asset management authority, together with 3 copies of the executor’s National ID Card and House Registration.
  • If any documents submitted are to be crossed:
    2 sets must be specified with “For use in transferring auto financing only”
    1 set must be specified with “For use in NCB verification”
    Or other phrases having similar content.
  • KLeasing does not accept any transfer without specifying the transferee, i.e., an open-ended transfer.

Contact KLeasing Service Centers

Service CentersTelephone
Head Office 02-6969999
Central Region
Phitsanulok Service Center 055-245161
Saraburi Service Center 036-211978
Nakhon Sawan Sub-Service Center 056-228021
Northern Region
Chiang Mai Service Center 053-217965
Northeastern Region
Khon Kaen Service Center 043-226711​
Nakhon Ratchasima Service Center 044-251488
Udon Thani Service Center 042-292311
Ubon Ratchathani Service Center 045-315755
Eastern Region
Chonburi Service Center 038-282815
Chanthaburi Service Center 039-311528
Western Region
Ratchaburi Service Center 032-322171
Southern Region
Phuket Service Center 076-373418
Surat Thani Service Center 077-205739
Hat Yai Service Center 074-247721

KLeasing reserves the right to alter these terms and conditions of auto financing transfer without prior notice, and to not return any documents submitted for auto financing transfer, whatever the case may be.