Helping hand extended to struggling first-time buyers | Bangkok Post: business

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Helping hand extended to struggling first-time buyers

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The Finance Ministry will "accommodate" first-time car buyers who cannot make their payments, says Deputy Minister Tanusak Lek-uthai. 

Some 1.25 million car buyers have taken advantage of the government's first-time buyer scheme, an initiative offering tax rebates of up to 100,000 baht on new cars and pickup trucks.

Buyers must maintain title of their vehicle for at least five years or else repay the tax rebate to the government.

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