The cost of cars for expats is primarily influenced by exchange rates. Our recommendations now would have been substantially different ten years ago. At that time, there were around 10–11 pesos to every US dollar. The exchange rate at the time we revise this post in December 2020 is around 20 pesos for every dollar. Ten years ago, buying a car in Mexico would typically cost you 20% more than buying the same vehicle in the US.
The situation has evolved over the past decade, making it much more favorable for expats to spend their US Dollars (exchanged to pesos) and make purchases in Mexico.
In This Article...
Mazda Mexico
The autonomous Mexican-owned subsidiary of the German Bayerische Motoren Werke AG, with its headquarters in Mexico City, is known as BMW Mexico (full name: Bayerische Motoren Werke de Mexico S.A. de C.V.). It is a privately owned subsidiary of the German-based BMW AG in Mexico.
Two production sites for BMW de Mexico are located in Lerma, Toluca, Mexico State. The production of BMW motorcycles in one and the BMW 3 series and BMW 5 series in the other came to an end in 2003 when BMW de Mexico stopped local assembly.
As all cars sold in Mexico at the time had to be locally built, BMW de Mexico was first founded in 1994 as a joint venture between BMW AG of Germany and a group of Mexican investors to produce BMW 3 series cars for the domestic Mexican market. The joint venture initially produced just the 3 series vehicles from kits utilizing both Mexican and German components, whereas other vehicles merely used whole kits delivered from Germany. As required by Mexican legislation, all models have to use at least 50% Mexican components by 1996.
Mexican suppliers of BMW de Mexico now provide parts for BMWs sold in the mainstream worldwide market. Mexican parts were used to build Mexican-built BMWs. In order to improve the supply of Mexican-built parts and the overall proportion of Mexican components in BMW vehicles, the German automaker BMW AG announced plans to invest US$1 billion in Mexican auto parts suppliers in 2010. BMW announced plans to erect a new facility in Mexico in 2012.
BMW de Mexico maintains a sizable repair and service facility, a school for international BMW staff, and manufactures parts for both domestic and international markets in addition to producing armored high security vehicles. For the Italian national police, the Italian government ordered 30 armored BMW sedans from BMW de Mexico in 2001.
What is the price of a car in Mexico?
The majority of used autos cost between $4,000 and $10,000. You’re looking at MXN 65,000 to MXN 1,500,000 in Mexican pesos.
Like buying a car anywhere else, choosing a very cheap used car increases the likelihood that it will be defective or rife with issues. Therefore, you might want to reevaluate what you look for in a used automobile if you’re wondering “why are cars so much cheaper in Mexico.”
If you want, you can get a car for a lot less money, but if it frequently breaks down and needs replacement parts, there may be unforeseen charges in the garage.
The cost of a BMW in the USA
The MSRP for the 2021 BMW M4 Coupe is $71,800. BMW M4 Convertible 2021: MSRP Starts at $77,650. The MSRP for the 2021 BMW M5 Sedan starts at $103,500. 2020 BMW M8 Coupe: MSRP Commencing at $133,000
What is the price of a new car in Mexico?
In Mexico, the cheapest new, basic cars cost between 140,000 and 150,000 pesos (about $7,950 and $8,515).
The dealership staff in Mexico is in responsible of obtaining all necessary paperwork to obtain a new license plate if you are purchasing a brand-new automobile.
The Immigration Department states that an expat needs to have permanent resident status in order to obtain a Mexican driver’s license. No, you don’t require a Mexican.
The Immigration Department states that an expat needs to have permanent resident status in order to obtain a Mexican driver’s license. To purchase a new vehicle, you do not require a Mexican driver’s license. However, you might not be able to obtain the car title in your name without having permanent resident status.
The Mexican transit authority’ current issue is that they frequently change their policies. At the moment, the new rule put in place in the last three to four months states that if you do have a US or Canadian driver’s license, you are permitted to operate a vehicle with Mexican license plates.
If you want to purchase a new car in the United States, you conduct research. Because dealerships are free to set their own prices, the majority of people would haggle. Depending on the season, automobile buyers in Mexico might haggle with dealerships. Make sure to research cars before making a purchase.
Car agencies will be providing additional offers at this time between April and July. Dealerships don’t want to have any outdated 2017 vehicles sitting on their lots since by August and September they will have received all of the 2018 models that they need. They are currently advertising and looking for clients aggressively. With no interest on the loan, they can experiment with discounts and additional months.
Access to credit is another factor that has completely changed in Mexico today. Interest rates are flexible for auto dealers to manipulate. Pricing is negotiable. You are in charge, particularly if you are paying the automobile off in full right away on a cash basis. A competitive mentality is inherent to Mexican culture. There is some room for change even though car dealers may have predetermined prices from the manufacturers that are published.
How much is the least expensive BMW?
BMW is a symbol of elegance and power. Its extensive lineup covers a wide range of markets and, in certain circumstances, forges new ones. Luxury interiors and agile handling are highlighted in BMW SUVs and vehicles.
The X1 sDrive28i crossover is the least cheapest BMW, costing around $36,000. (followed closely by the 230i coupe). With a starting price of $40,000, the 228i xDrive Gran Coupe is the least costly sedan offered by BMW.
Most Expensive: The M760i sedan, which costs over $160,000, has a V-12 engine and is opulently luxurious. The X6 M Competition is a sporty BMW SUV that costs the most, at nearly $120,000.
Most Exciting to Drive: BMW M-badged vehicles place a strong emphasis on driver enjoyment, from the agile M2 to the adaptable X3 M to the svelte M8.
Best Fuel Economy: The i3 is the most petrol-efficient BMW, using zero fuel and having an all-electric range of nearly 150 miles. The all-electric BMW iX SUV and i5 sedan will soon continue where the i3 left off.
As soon as a car is released, we want to test and rank as many of them as we can. We’ll rank new models as we periodically update our rankings and we might even change the scores for some models. Vehicles with insufficient testing data, however, are not scored.
Are all BMW 3 Series produced there?
However, Munich is the only place where the BMW 3 Series Touring, BMW 4 Series Coupe, and M4 Coupe are produced. Wondering where a BMW 3 Series Sedan is built? That would be at the Mexico-based BMW San Luis Potosi Plant, which only manufactures the 3 Series.
What is the price of a Lamborghini in Mexico?
The Huracan EVO 2020 is one of the brand’s more recent vehicles. One unit of this car costs around $350,000, or 6 million 930,000 pesos. El Lamborghini Hurricane EVO Spyder, on the other hand, is priced at a base of 395,000 dollars, which is equivalent to 7 million 821,000 pesos.
Do auto parts cost less in Mexico?
Mexico has been aggressive in forging trade agreements in Latin America and Asia, as evidenced by the fact that parts made there are 10% less expensive than those produced in the United States, according to an International Trade Administration assessment.
What Mexican port does BMW ship from?
San Luis Potosi, which is in central Mexico and is about 400 kilometers north of Mexico City, has access to the ports of Lazaro Cardenas on the west coast and Veracruz on the east coast for exporting finished vehicles and transporting components.
Does Mexico have higher car prices?
Yes! Both new and secondhand car prices are often lower in Mexico. Our manual offers you suggestions as well as a comprehensive list of automobile models and pricing comparisons between the two nations. Furthermore, you can receive even more value for less money if you are aware of local buying advice.
Can I purchase a brand-new vehicle in Mexico and import it to the US?
I recently covered the topic of importing a car from Canada. After that, we spoke about a specific enthusiast vehicle, the R34 Nissan Skyline GT-R, which has come to symbolize American import, export, and registration regulations for cars. The bottom of the article includes links to those sites.
An R34 cannot be registered or operated on public roads in the United States before 2024, according to the NHTSA, and is only permitted for use on tracks. This calls for specific NHTSA approval and the conversion of the vehicle to track-only use prior to importing.
That still leaves one border open, therefore today we’ll talk about how to bring an automobile from Mexico into the country without the use of a professional business. Fortunately, importing an automobile from Mexico is not all that dissimilar from doing it almost everywhere else. The procedures for importing an automobile from Mexico are largely the same as those for shipping one from outside, with the exception of the fact that you can just drive the vehicle across the border.
Let’s take a deeper look at the procedures you must follow in order to legally import and operate a Mexican vehicle in the United States.
Can Americans purchase cars in Mexico?
Anyone! In Mexico, anyone can purchase a car, regardless of their immigration status. Anyone can buy a car from a dealership or individual owner.
In Mexico, is $100 a large sum of money?
At the current currency rate, $100 USD is equivalent to around $1,900–$2,000 MXN. When compared to earnings, the majority of manual labor occupations outside of Mexico’s major cities pay an average of $1,900 MXN per week. Therefore, it is a respectable sum of money for locals who work in ordinary day labor occupations.
How long does it take for a BMW to arrive from Germany?
BMW makes it incredibly simple to ship your BMW back home once your holiday in Europe is over. The following will be covered:
- Inland Transportation in Europe
- Boat Insurance
- Duty and Clearance at Customs
- Port Processing, S.
- Fees for Wharf and Handling
There are 12 drop-off points spread over Europe:
- Austria’s Vienna
- Belgium’s Antwerp
- Lovely, France
- France’s Paris
- Germany’s Bremerhaven
- Berlin, Germany
- Bremen, Germany
- Bayern, Germany
- Stuttgart, Germany
- Netherlands, Amsterdam
- Switzerland’s Geneva
- Switzerland’s Zurich
- Italy
- Bologna ($662.52)
- Tuscany ($783)
- Genoa ($590.25)
- Milan ($698.67)
- ($975.74) Naples
- Rome ($951.64)
- ($662.52) Venice
- (638.45) Verona
You would need to make a reservation and pay additional fees to drop off your automobile in Italy. Additionally, the car must be returned three days before the insurance expires.
Then, every vehicle is transported to a German port at Bremerhaven before being transferred to a port in the United States. While West Coast people must wait roughly 8 to 10 weeks, East Coast residents can anticipate their automobile in 6 to 8 weeks. Any vehicle delivered outside of Germany may require an additional week.
The vehicle will need clearance from the Department of Agriculture and U.S. Customs once it has arrived in the country.