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Old 18-03-2008, 12:05
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LivinLOS LivinLOS is offline
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Join Date: Jun 2004
Location: Phuket
Age: 35
Posts: 19,506
Agree with ATM, get it fully looked over..

For example when you buy a car on finance here they dont average down the debt. Eg if you see an advert finance 3 years for 5% they just go value of car = 500k, 5% = 25k, 25 x 3 = 75k.. So you pay 575k over 3 years.. Basically simple interest and not taking into account that your paying the debt off over time.

To me thats a total scam... Interest on the outstanding debt is how interest is calculated but Thais dont seem to be able to perform anything except the most simple of calculations.
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