Buying a Car in Costa Rica: We breakdown the options.
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- Опубликовано: 12 сен 2024
- Let's talk about the ins and outs of car ownership and insurance in Costa Rica.
If you move to Costa Rica full-time and live in an area without public transportation, you'll definitely want to buy a car. But what happens when you're a part-time resident? Should you rent or buy a car? We breakdown the numbers.
Rent vs. buy spreadsheet: docs.google.co...
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The odometers for the used cars are all rolled back. In some cases as much as 200,000 miles. Recently experienced while looking for used cars in Grecia and checking the car fax
Guys, just FYI I was able to get financing for a house as a non-resident and even open a bank account without ever needing to set foot in the branch at account opening. I did all of this with LAFISE bank. It’s well known with plenty of branches. I got the foreigners interest rate but now that I’m becoming a resident, I’m going to be able to get it reduced in about six months by a couple of percentage points, which will be great savings monthly. I mention this is for an Airbnb investment property that I’m living in currently but I’m moving out of it soon to put it up on Airbnb.
that's awesome to hear! I was able to get a very good interest rate in the US that covered my house financing so I didn't look into that. I'll explore that more for future clients. Thanks for the tip @GringlesFacil !
Thank you for covering this topic, this was very helpful. I did learn that rental cars are pretty expensive there. Another topic that I am curious about is what happens when you have a house inCR and go back to States for a few months. Do you have someone watching the house or do you have a gated house or can just lock it? Also with Aaron beach house. What happens when he is not there? What happens to your car as well when you travel to states?
Excellent topics! We'll cover them in a future video. Thanks for watching and pura vida!
Great Video guys, Been to Costa twice, most everyone agrees. Take 2 photos of your passport, The photo page, and the Stamped in page. Keep this on your smartphone, where ever you go it should be accepted....you only need your original Passport at Banks. True? Thanks again
Legally, you need your actual passport to drive. You might get away with it but it’s up to the cop. Thanks for watching!
Hi,
I am getting ready to move to Costa Rica. I will be landing in San Jose and will be traveling through quepos to get to my destination. What do you recommend? Any companies? I’d like a long term month-month rental. Or if I buy is there anywhere that does financing for buying?
Wrong, When I bought my used car when I lived in Costa Rica 50% down then 50% financed. Zero problems. Ron
love getting your experience Ron. We never said you can't finance, rather we told our experience and the challenge it can be. You found a good lender - are you a resident? That impacts the ability to get lending. Did you go through a private lender? That's a system I've not experienced. Tell us more about your financing.
For now I am back in USA. But, will be moving back this year once I get my home ready for sale, plus 95% of my stuff. When I was there I got my Cedula. I will restart that on my first visit this summer before the sale of my house and stuff is finished. Ron USCG RET@@yourpuravida
Rental prices are insane! My wife and I bought a Geely (New/Less than 15,000 dollars) and love it. Also, the rental car companies here don't really like to tell the truth. You also might have to consider the decoupling that goes on between being allowed to stay for longer than 90 (Or now 180) days and that you are only eligible to drive for 90 days. My experience was that I wasn't supposed to drive after 90 days even though I was legally allowed to remain in the country (My residency was processing). Any of this resonate with you? Have a great weekend!
Thanks for your comment. Yeah the new tourist visa rules of 180 days are great except for the fact that your drivers license won't work after 90 days. And once you apply for residency you don't have to make a visa run but you still do if you want to drive more than 90 days. Pura vida! 😜
@@yourpuravida I now have my residency and my homologated licence. To get your appointment, it's best to start messaging the DMV website on the first day of eligibility starting at 7:30 AM and to continue messaging until 9 AM. I had four computers/Chromebooks going (Also using VPN) and finally got my appointment. Pura Vida!
@@mkoschara - pura vida indeed! Tenacity is the key for so many things when you move abroad. Thanks for the tip!
Are there taxis or users or are there folks you can hire to be your transportation?
Absolutely! Red taxis are everywhere; most will go long distances if needed, and there is also Uber and other services. Many of us have drivers we start to use regularly (for me to get to/from the airport is a particular reason) and if they aren't available, they have someone else to use. So drivers are an easy option in most places.
@@yourpuravida thanks for the response. I enjoy your videos more than others because your approach is more valuable to me in doing my due diligence.
I will keep watching for more help.
David
We’re honored by your kind words David! What other topics would you be interesting to you?
@yourpuravida I am in the beginning phases of this search, and I want to come for a visit before making any real decisions(like you advise).
But I think I would like to explore the different areas and see for myself what living in any one place would be like.
I will certainly contact you when that can be arranged.
David
@@davidyancey1374 - we look forward to connecting! Exploring is truly the best way to find your slice of this incredible country!