Why Is A Car Pledged?

When purchasing a used car from a private individual, you must first find out about the administrative situation of the latter, in particular, the presence of a possible pledge. Indeed, the vehicle can be pledged.

However, there are several reasons for pledging a vehicle. This may be due to non-payment of tickets or fines. When the holder of the vehicle does not pay these, an opposition is requested by the Public Treasury. An opposition can also be requested when the owner uses his vehicle as a pledge with his creditor, in the event of unreimbursed consumer credit. This is also recorded on the vehicle’s administrative status certificate.

But in the majority of cases, one can pledge pickup truck (รับจำนำรถกระบะ, which is the term in Thai) when it has been purchased through a lease that has not yet been paid. This means that, in practice, the vehicle still belongs to the creditor. It is therefore logically impossible for the current user of the car to sell it.

Pledged Car: What To Do In The Event Of A Sale?

When a vehicle is pledged, it is registered at the prefecture until the pledge is lifted. To ensure the conformity of the sale, it is therefore essential for any buyer of a used car to ask the selling owner for a certificate of non-pledge, an essential document when selling a vehicle.

Anyone can obtain this certificate as soon as they have the information on the vehicle registration card. Therefore, the buyer can request it. It is, however, preferable that it is the seller who takes care of the necessary steps to obtain the certificate of the administrative situation which must be dated at most 15 days before the sale.

Any pledged vehicle will be unable to register with its new owner, with the unfortunate consequences that follow. Therefore, when you decide to sell your car, it is imperative to provide this document which will prove that it belongs to the seller and that it is not related to a due credit.