Buying a car in Puerto Rico
- About Puerto Rico - Guide
- Transporting a Car to Puerto Rico - 1 Reply
- Registering my car in Puerto Rico - 12 Replies
- Bringing a car to Puerto Rico - 3 Replies
- Buying a Car - 27 Replies
- Buying a car/renting? - 5 Replies
- Buying A Car - 8 Replies
mrtibbs wrote:Good questions. We were just discussing this today whether to buy a used car or ship our car instead. I was under the impression that shipping is expensive (we鈥檙e in CT). My case with my wife was that we鈥檇 need to sell our two vehicles because it鈥檇 be too expensive to ship one of them over. Thanks for sharing a reputable car dealership on the island!
Must people sell their cars and buy another in PR. Transportation averages about 1200 - 1500 in most cases per car and then you have to pay the import tax which is based on the INFLATED value of the car. They have their own table of value which is thousands more than blue book. Either way, get your car insurance before you register the vehicle that way you dont get charged for the compulsory insurance.
But when we were trying to decide we looked at prices for buying cars on the island and we were seeing聽 2013-2014 Toyota Corollas for $14,000 when we can buy them in Florida for $8,000.聽 聽 So we can save $6,000 and put it towards shipping the car over.
Luckily we own our car, so it makes even more sense for us to ship it.
sontek wrote:Yeah, that is a good point, if you don't own the car you are bringing, then it might not be worth it.
If you don't own it, you probably won't be able to ship it.聽 If you fail to make the payments, the bank will repossess the car.聽 If you ship it to Puerto Rico, the bank can't repossess.聽 You might be able to get the bank to agree to let you ship it, but it may require an escrow account to cover the outstanding balance on the loan (in which case you might as well pay off the car loan anyway).
mrtibbs wrote:Great advice, Rey. We will make sure in doing this to have our dicks in order. I agree from what you鈥檝e said it makes the most sense to sell our cars. I looked at the hacienda website provided and for one car alone the price was astronomical.
*ducks*
Tips and Procedures:
Ask the seller: "So tell me about the accident" even though you don't know if it was in an accident.
Determine, if you can, if the car had water damage during the Hurricane.
Ask what maintenance the car has had, although the seller most likely will not have a record.
Test drive, por supresto.
Check if registration and sticker are current. You must have the current registration in order to get a new registration.
We went to Motor Vehicle Center (DTOP) with the owner to get the new registration, I forget if this is mandatory or not.
Payment is usually cash. We transferred to amount to our account at Banco Popular, the went to the bank with the seller and literally withdrew $7,700 in cash which the seller proceeded to stuff into his pockets.
Registration includes a $99 insurance policy, which covers only a few thousand in damages if there is an accident. So we purchased insurance that cost us $550/year and consequently did not have to pay the mandatory $99 insurance fee.
Well that's it. Good hunting!
I like pickups too, had several in the past.聽 But I really don鈥檛 need four wheel drive on the island.
Shop the classified ads on line, you鈥檒l eventually find what you need.
mrtibbs wrote:mrtibbs wrote:Great advice, Rey. We will make sure in doing this to have our dicks in order. I agree from what you鈥檝e said it makes the most sense to sell our cars. I looked at the hacienda website provided and for one car alone the price was astronomical.
*ducks*

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