Deputy finance minister insists first-time car scheme is running smoothly | Bangkok Post: news

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Minister defends first-time car policy

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The highly publicised first-car scheme has not run into trouble even though 2,000 cars had been recalled from the buyers, Deputy Finance Minister Tanusak Lek-uthai said on Monday. 

Mr Tanusak said the policy, designed by the Pheu Thai Party-led government to give people a chance to own a car, showed no signs of faltering after 2,000 purchasers returned their cars to leasing firms or had them repossessed after the scheme expired last year.

The policy, which offered a large tax rebate, was hugely popular and manufacturers were able to sell 1.2 million vehicles. People buying a car for the first time were given a tax rebate from the Excise Department of up to 100,000 baht, depending on the engine size of the vehicle.

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