How Much Is a Car in Mexico: A Beginner’s Guide

Having a car in a big city like Mexico is always a good idea. After all, Mexico City stretches across towns and geographical footprints, so getting around without any hassle is essential. 

Mexican cars are priced similarly to those in the United States of America. However, the cars newly introduced in Mexico may be a little more expensive than in the USA. Also, if you wish to buy a car in Mexico but move it across the region, please carefully review the terms and conditions. 

Every state has its own set of rules on car regulation, and if a car does not meet the required regulations, it may not be allowed to move across borders. Hence, as a buyer, it is up to you to complete your research to avoid confiscating the car. 

This thorough guide is all you need to know about the pricing of cars in Mexico. Keep reading till the end to stay informed. 

How to Buy a Car in Mexico? 

Firstly, choose a car that meets all your needs. Narrow your list, too, with at least three suitable vehicles you want to consider. This will save you time. Otherwise, you will keep getting confused and jumping from dealer to dealer. 

Secondly, the perfect way to get a clear idea of whether you will enjoy driving a car or not is to go for a test drive. 

Also, make sure you pair yourself up with a good dealer. As a great dealer will make the process as smooth as possible for you. 

Next, put down the deposit for your chosen car. Also, you will have to pay taxes for the purchase of the car or getting the car registered. Lastly, do not forget to buy insurance. This is because it is illegal to drive an uninsured car in Mexico. Hence, to avoid any charges, get your insurance as soon as possible. 

Is it Safe to Drive in Mexico? 

Mostly, driving in Mexico is considered to be safe and comfortable. Although you are from another country, you may be unfamiliar with various driving laws. So, be on the lookout and read through the regulations. 

Moreover, you can also read blogs about driving tips in Mexico to make driving easier for you. The rules are generally easy to follow.

How Much Is a Car in Mexico?

The cost of cars in Mexico varies significantly depending on the model of the car. After all, Mexicans can access various types of vehicles that, typically, US citizens do not have access to. For instance, a Michael Eager costs about 150,000 pesos, roughly $8000. 

The dealership agency will oversee all your documentation if you are purchasing a brand-new car. Hence, you will not have to get into all the hassle.

Apart from the price of the car itself, you will also have to consider the taxes on registration, gas pricing, and insurance cost. 

Many cars in Mexico are subjected to ISAN, VAT, and other local taxes. There is no specific amount to these taxes. It varies as per the value of your purchased vehicle. Besides that, the car’s insurance also varies according to size and driving history. 

How Can I Pay for the Car?

When you purchase a new car, typically, you have to put down a deposit through your credit or debit card. You can also send a bank draft or make a direct transfer. Although, before you make the payment, we recommend you verify the exchange rate for safety reasons. That way, you can determine the extra charges and bank fees imposed during the transaction. 

Other than that, if the payment methods mentioned above do not suit you well, you can also use Wise or Mastercard. Further, you may want to discuss various payment methods with your dealer for more information. Remember that if you buy a used car, you may only have to pay the entire amount in cash. 

How Can I Get My Car Registered in Mexico?

As stated above, when you are buying a new car, the whole documentation process is handled by your dealer. However, you must undertake the documentation if it is a private seller.

You may have to visit the registration office with your documents. These documents may include a visa, passport, proof of address, utility bills, and rental contract. Also, bring along an amount of $1000 to $2000 for the registration fee. You will have to submit the fee before the registration process begins. However, the amount may vary on whether you need a Mexican license plate or not.

Final Thoughts 

Generally, there is not much price difference between American and Mexican cars. However, always make sure you seal the deal with an excellent dealership to avoid any chaos. This guide has thoroughly discussed all the information you need to know about purchasing a car in Mexico. 

We mentioned the pricing, registration, and the process of purchasing your desired four wheels. Moreover, carefully go through Mexico’s driving laws and regulations and travel with your driver’s license to avoid hefty charges. 

You can also consult a dealer for professional advice. Always complete your research before making such a purchase. We wish you good luck on this venture.