How much does it cost to buy a car in Mexico?
Kristin Wilson - Orbis Relocation
Before you consider the cost to buy a car in Mexico, you should consider if you even need a car in Mexico. If you’re going somewhere like Playa Del Carmen you really don’t need a car. The taxis and public transportation is affordable, and renting a car is extreme cheap, so you can also everywhere. In this case, a car kind of becomes a hassle because you need to have a place to park it. Having a car might be more useful in a place like Cancun where everything is usually...Before you consider the cost to buy a car in Mexico, you should consider if you even need a car in Mexico. If you’re going somewhere like Playa Del Carmen you really don’t need a car. The taxis and public transportation is affordable, and renting a car is extreme cheap, so you can also everywhere. In this case, a car kind of becomes a hassle because you need to have a place to park it. Having a car might be more useful in a place like Cancun where everything is usually spread out. We do a lot of work in Baja California, and most of our clients just bring their car over the border from the US because the insurance is really reasonable and you can keep your car in Mexico for quite some time and you can go back and forth. I also have clients who have purchased used cars in Mexico extremely cheaply; the same price that you find them in the US or even less. If you do buy a car in Mexico, you just want to make sure that they’re all registered and all of the papers are up to date.
I wouldn’t recommend buying a brand new car in Mexico. It’s so easy if you get a used car or to bring your own and the tax to do so is quite low. In other countries like Costa Rica buying a new car would be ideal comparatively speaking, but in Mexico it’s not necessary to invest in something brand new. The reason is that, in Costa Rica used cars are still expensive and the taxes are extremely high to bring in your own car. Usually the taxes are higher than the car is even worth in the US. Also, buying a new car that’s manufactured specifically for use in Costa Rica can save you trouble down the line when you’re looking for car parts or trying to get maintenance on your car and the roads are really bad so you want to have a good car that’s not going to break down on you, whereas in Mexico the roads are much better, there are more paved roads, it’s a lot easier driving the highways, and the prices are a lot cheaper.
Also, and this depends on where you’re going, but a lot of people say that they don’t want to stand out by having a brand new really nice car because they don’t want to be a target for theft and car-jacking. They just want to blend in with the locals and just have a regular car; nothing too flashy.
(Penthouse condo, Rosarito Beach in Baja Mexico, south of California, pictured.)
Posted October 12, 2015
Ivan Castillo - Secure Title Riviera Maya
The cost to buy a car in Mexico would depend on the brand of the car, how old it is, and so on. You can find decent used cars that can cost you around US $5,000 to $6,000The most important thing relative to cars in Mexico is that in Mexico you pay import taxes, which are already injected in the purchase price of the vehicle. Here’s an example. A new Jeep Wrangler, in Mexico, would probably cost you about $25,000. I believe in the US you can find it a little bit...
The cost to buy a car in Mexico would depend on the brand of the car, how old it is, and so on. You can find decent used cars that can cost you around US $5,000 to $6,000The most important thing relative to cars in Mexico is that in Mexico you pay import taxes, which are already injected in the purchase price of the vehicle. Here’s an example. A new Jeep Wrangler, in Mexico, would probably cost you about $25,000. I believe in the US you can find it a little bit cheaper, so the cost for a new car in Mexico is a bit more than in the US.
You can’t go across the border to the US, buy a car, and bring it back in order to save money, because there are regulations against that. As a Mexican, you can’t import a vehicle. As a foreigner, you can bring your vehicle here to Mexico, but you would need special authorization.
(Off road Jeeps in Mexico, pictured.)
Posted January 24, 2016
Michael Eager - La Nueva Posada Hotel & Restaurant
The lowest-priced, brand new, bare bones vehicles in Mexico cost 140,000 to 150,000 pesos (about USD $7,950 to $8,515). If you're buying a brand-new car in Mexico, the dealership people are in charge of getting all of the documentation to get a new plate.
According to the Immigration Department, to get a Mexican driver's license, an expat must have a permanent resident status. You don't need a Mexican...
The lowest-priced, brand new, bare bones vehicles in Mexico cost 140,000 to 150,000 pesos (about USD $7,950 to $8,515). If you're buying a brand-new car in Mexico, the dealership people are in charge of getting all of the documentation to get a new plate.
According to the Immigration Department, to get a Mexican driver's license, an expat must have a permanent resident status. You don't need a Mexican driver's license to buy a new car. However, without a permanent resident status, you might not be able to get the car title under your name.
The problem right now with the Mexican transit authorities is that they keep changing policies. Right now, the new policy implemented in the last three to four months is that if you do have a US or Canadian driver's license, you can drive a Mexican-plated car.
In the United States, if you want to buy a new car, you do your research. Most people would bargain because the dealerships can charge whatever they want. In Mexico, car buyers can also bargain with dealerships depending on the time of the year. Before buying a car, go out and do your research.
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This period between April and July, car agencies will be offering more deals. By August and September, car dealerships are getting their car quotas of 2018 models so they don't want to have any old cars from 2017 sitting on their lots. They are now looking for customers aggressively and advertise. They can play with rebates and extra months with no interest on the loan.
Another thing that has totally changed in Mexico now is access to credit. Car dealerships can play around with interest rates. Prices can be negotiated. Especially if you are on cash basis paying the car off right away, you're in the driver's seat. It's part of the nature in Mexico to have a competitive spirit. Car dealers may have set prices from the manufacturers that are published, but there's a little room for adjustment.
(Toyota in Guadalajara, Mexico, pictured. )
Posted October 12, 2017
Dan Dathe
New and used vehicles are one of few commodities in Mexico that sell for equal or more than that charged in the U.S. New vehicle prices mostly parallel U.S. pricing of comparable vehicles. Mexico insurance companies utilize U.S. resources (i.e., KBB, NADA) to assess used vehicle values in Mexico. Used vehicles generally sell at a premium due to a market shortage of supply, in particular quality used vehicles. Citizens of Mexico can import certain NAFTA vehicles. ...
New and used vehicles are one of few commodities in Mexico that sell for equal or more than that charged in the U.S. New vehicle prices mostly parallel U.S. pricing of comparable vehicles. Mexico insurance companies utilize U.S. resources (i.e., KBB, NADA) to assess used vehicle values in Mexico. Used vehicles generally sell at a premium due to a market shortage of supply, in particular quality used vehicles. Citizens of Mexico can import certain NAFTA vehicles. Eight and nine-year-old model vehicles are most favorably taxed.
Posted April 4, 2018