I pay US $150 a year for insurance on my Dodge truck, which is a big truck.
Once you get residency in Belize, your driver’s license is about $50 a year.
The gas prices are higher than the US because most of the fuel is imported from Venezuela. Right now with crude prices down, I have seen that diesel is cheaper in Belize than diesel in the United States. Usually, gas is higher by as much as $1 per gallon. The benefit of living close to the Mexican border (if that’s where you live in Belize, for example, in Corozol),folks drive across the border to fill their cars. Not only do people do that, but there is also some smuggling going on. You can go to some houses, as they have gasoline. Its poured out of a bucket into your car. Buying this way will save you that $1 per gallon compared to if you bought gas in Belize at a station. Gas prices in Mexico are pretty close to the price of gas in the US per gallon. However recently, their prices are higher as Mexico has a National Gas Company PEMEX.
Mechanics are very inexpensive in Belize. You can pull have a tire repaired and changed for $2.50 US. You could get a repair done on your vehicle where the mechanic would work on it all morning and the repair would cost no more than $20US.
Parts for most vehicles are readily available. If not, they can order it. It should be there within 24 to 48 hours. If you have a Mercedes, you have to wait a little bit longer, but the parts for Toyotas and anything along that line are really available. They have a little problem with Chevrolet. Parts come from Mexico. But most parts especially for Japanese cars are right down the street and there are used parts if, for example, you need a transmission.
(Pemex gas station in Mexico, pictured.)