Inside Thailand’s Massive Car Auctions…

Comments · 560

• TH

  @thenakedguru · 5 months ago (edited) · pinned

  🌐 Go to <a href="https://surfshark.com/nakedguru">https://surfshark.com/nakedguru</a> or use code NAKEDGURU at checkout to get 4 extra months of Surfshark VPN!<br>NEW HERE?.. You might start here with the interviews: <a href="https://www.youtube.com/watch?v=Hzlg3s3qEG4">https://youtu.be/Hzlg3s3qEG4</a><br>AWESOME OFFERS &amp; FREEBIES FOR YOU 👇<br>Thailand has one of the highest household debt levels in Southeast Asia — and much of it isn’t from luxury spending, but from everyday survival.<br>In this vlog, I visit a repossessed car auction in Korat to see what really happens when people can’t keep up with new car payments. From pickup trucks used for work to family vehicles, many end up here after missed repayments.<br>We take a look at the auction process, real prices, and the wider debt cycle forming in Thailand — where easy credit, rising costs, and falling affordability are pushing more people into trouble.<br>🐝 Check Out Our LAZADA SHOP in Thailand - Buy 1 Get 1 Free On Our Honey Here: <a href="https://tinywebs.site/0IcPiq">https://tinywebs.site/0IcPiq</a><br>SHOP: <a href="https://www.lazada.co.th/shop/shamans-shed-superfoods/">https://www.lazada.co.th/shop/shamans-shed-superfoods/</a><br>📞 Get an exclusive 15% discount on Saily data plans! Use code nakedguru at checkout. Download Saily app or go to <a href="https://saily.com/nakedguru">https://saily.com/nakedguru</a><br>🌞 SOLAR: If you are interested in installing our solar setup we can assist, simply email: expatsolar@<a href="http://gmail.com/">gmail.com</a><br>Solar Install Vlog: <a href="https://www.youtube.com/watch?v=BLMCdGmTlPU">https://youtu.be/BLMCdGmTlPU</a><br>📺 Share Your Story On The Channel, Send To: expatinterviews@<a href="http://gmail.com/">gmail.com</a><br>⭐ Expat Interviews: email expatinterviews@<a href="http://gmail.com/">gmail.com</a> with your province and story<br><br>FAQ <br><br>1. Why I use the word “expat”<br>In Thailand, foreigners are stamped “Non-Immigrant” in their passport. That means you must check in every 90 days, can’t work in jobs reserved for Thais, can’t own land, and can be deported (and banned for 5–10 years) if caught working without a permit. So while I’d love to call myself an immigrant, legally we’re not — hence the word expat.<br><br>2. What I do for a living<br>I run a health foods company here in Thailand and have a work permit that covers all YouTube activities. I’ve paid tax in Thailand for over 10 years — through my own companies (an English school and a jazz lounge), as well as during my career in the 5-star hotel industry (Anantara). And yes — I speak Thai.<br><br>3. Can foreigners own land in Thailand?<br>No. But a superficies agreement allows you to control the land for 30+ years, and houses here are relatively affordable (1–2 million THB). If you have children, owning a home is essential for their security. Still, it’s smart to keep around 80% of your net worth in high-performance assets (like BTC) outside Thailand.<br><br>4. About my wife<br>We’ve been together 12 years of my 15+ years in Thailand. She’s a finance graduate, hardworking, traditional, and loyal — she earned more and owned more property than me when we met, and she’s stood by me through both success and struggle.<br><br>5. Patreon &amp; Memberships<br>All Patreon and channel membership income goes directly to supporting our Thai extended family — for food, school supplies, and household needs.<br><br>&apos;The Naked Guru&quot; Is just a fun metaphor for being open and honest.<br>Thanks for joining!

  13

• PA

  @ParadiseNThailand · 5 months ago

  Consideration: No one is bidding, so you bid, suddenly someone online starts running you up! Is it really a buyer, or someone in-place to maximize your bidding????? Just something to consider.

  138

• DA

  @DaverGe · 5 months ago

  Worked in car dealerships for a few years before going out on my own- every day I wanted to slap the hell out of people coming in to buy cars. Cards maxed out, zero cash in savings, zero investments, renting etc. But noooo, lets go get a new $50k car.

  99

• MA

  @martinheaney5652 · 5 months ago

  In our zone everyone is addicted to 3 things, drinking, lottery and online gambling. It&apos;s no wonder debt is so high.

  15

• SC

  @Scargo1991 · 5 months ago

  Great video. Not forgetting that if you say owe $10,000 on a car when you default on the loan and it only brings in $8,000 at the auction you still owe the finance company $2,000. So you end up with no car and still having to pay them $2000.

  32

• KI

  @Kim-jw7je · 5 months ago

  The sister of my wife is after two marriages 2 million baht in debt with 16,000 baht monthly income… says it all… and - no - Im not paying her debt!

  61

• GA

  @garyteeley9637 · 5 months ago

  I lived in BKK for 9 months in Bang Na and then 5 months in Bang Kapi.<br>I was staying in 1 bed condo in both areas 6 and 8000 per month for rent.<br>The cars in the car parks of both locations, brands such as mercedes, BMW and fancy pick -ups and they live in 6 to 8000 baht condos, I dont get it, obviously for showing off.<br>Me, I used public transport for work

  111

• FI

  @fitnessabcvideo · 5 months ago

  One proven issue with family debt...... Is lack of education and budgeting

  45

• KE

  @kevinharries9513 · 5 months ago

  there is no benefit in car auctions any &nbsp;more . Far too many people looking for a bargain but far too many others are in control. You may save 5 % if that.

  7

• 56

  @562wiseguy · 5 months ago

  I feel bad for some people that go through this. <br>It’s an industry in itself, just like foreclosed homes, buying and flipping

  12

• JA

  @jay_roberts · 5 months ago (edited)

  Many Thais live beyond their means and have hefty loans on vehicles that they have no business owning. Imagine buying a 2M baht vehicle (Raptor) when your income is 15,000 baht per month, it&apos;s neigh impossible to make payments on that when you consider the plethora of &nbsp;other expenses just to live life.

  58

• DO

  @donaldmacdonald4901 · 5 months ago

  Only buy what you can afford no car loans no mortgages bring the system down.

  11