Jan 8, 2010, 4:33 PM
Post #13 of 19
Re: [Brian] Info on how to legalize a vehicle in Mexico
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The tenencia is the same as the annual registration fees paid to renew the registration of a car in any US state. There is an additional tax of 10% levied on all new car purchases, it is pro-rated over a ten year period and is paid at the same time as a annual tenencia is. They are two separate items. The tenencia has nothing to do with the 10% tax on a new car. The value of a new car is set by the government, it is not necessarily what you paid for it. Payment of that extra ten percent tax ends when the car is ten years old, the tenencia goes on for as long as you own the car.
Many ex-pats down here that have never owned a Mexican car confuse the annual tenencia with the extra 10% tax on a new car. An interesting factoid is that the extra 10% tax on new cars was started sometime in the mid 1980s as a temporary tax. It is still with us. Maybe there is a different definition for temporary down here?
We originally brought 2 US registered cars down here. We were able to nationalize them during two different vehicle amnesties at very low cost, although it took about a year to do it for one of our cars. Vehicle amnesties are a very rare occurrence, and there may never be another.
We still have one of those cars, we were never required to pay any extra taxes on either of them,. We replaced the van my wife drives with a new van 4 years ago. We do need to pay the extra tax on it for another 6 years. It is an extra expense, but it is not a show-stopper. Her new Chrysler van cost considerably less in México than a similarly equipped van would have in The US.
For used cars, look around, most of them seem to be priced lower, and generally with less kilometraje (mileage) than comparable used cars in The US.
A good site to check for used cars nationwide is here: http://vehiculos.mercadolibre.com.mx/...moviles-y-camionetas
This site is in Spanish, use a good Spanish-English dictionary if necessary. If you use the Google translator or any other automated translator, you will get some strange results. To convert kilometers to miles, multiply the kilometers by .62 Use an accurate currency converter program to convert the Peso price to Dollars. Most of them are not out-the-door prices, there will most likely be some additional taxes, tenencia (registration) fees, etc.
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