banks cash in on car policy
much has been said about the new car buyer legislation being a financial boost for the automobile manufacturers that were hard hit by the floods of last year.
we completed the procedures to obtain the tax rebate. one required us to open a bank deposit account for 500 baht to which, after one year, the rebate would be credited.
so it is not just the auto industry getting a boost. assuming 600,000 new qualifying car owners each pay 500 baht, the banks cash into the tune of 300 million baht.
makes you think, doesn't it?