A Guide To Shipping a Car or Buying a Car In Puerto Rico

  •  

    Puerto Rico is America's best-kept secret: a Caribbean island paradise with year-round beautiful weather, a vibrant Hispanic culture, and a relatively low cost of living in comparison to the United States. Then there's the money saved through Puerto Rico's numerous tax incentive programs. One disadvantage is that driving is difficult to avoid in Puerto Rico. Because of the island's weak public transportation system, particularly outside of San Juan, autos are the only reliable mode of transportation in most circumstances. As a result, newcomers to Puerto Rico who want to take full advantage of Act 60 Exporting Services or Investor Resident Personal tax incentives have another concern.

    There are a number of elements to consider in this situation, including the age and condition of your vehicle, as well as its adaptability to the hot weather and rugged roads of Puerto Rico. If you're thinking about acquiring a new car any time soon, now is the time to do so. Similarly, if you have a fine, new car in the US that you don't want to get damaged in Puerto Rico, buying a new local vehicle may be the best option. Any salt on your automobile from the sanded roads could result in future corrosion in sunny Puerto Rico if you're coming from a northern area with snowy winters. If your automobile has leather seats, you should avoid taking it to the island because the leather will heat up quickly in the sun, perhaps scorching you when you sit down. Then, of course, there are the costs to consider.

    Shipment vs. Buying a Car in Puerto Rico

    First and foremost, both solutions will almost certainly be costly. If you ship, you'll have to pay not only the shipping price but also an import tax, which varies depending on the worth of your vehicle. There may be additional charges when you start picking up your automobile in Puerto Rico. If you buy, don't anticipate American prices: dealers import their vehicles and pass the transportation costs on to the customer. You'll also have to pay the exorbitant sales tax in Puerto Rico.

    Shipping a Car

    You can find a wide variety of costs for shipping a car to Puerto Rico depending on where you shop, the shipping company you use, the model and age of your car, and if you drive the car to the dock. Most people who have an Act 60 decree can transport their car to Puerto Rico for between $1000 and $2000 in shipping costs. However, the import duties, which can be as high as $4000 or more, are not included. A more appropriate excise tax may be as low as $1000. When you add these numbers up, you'll have a rough estimate of how much you'll pay—but keep in mind that Hacienda's pre-import estimates aren't always accurate. On the ground in Puerto Rico, additional fees, such as a $75 fee, may apply.

    Buying a Car

    When Americans go to a dealership in Puerto Rico to seek a new automobile, they're usually surprised to learn that the price of any car in the United States can be increased by $2000–$5000. Because of this exorbitant pricing, many Act 60 decree holders are willing to pay a substantial import tax to transport their vehicles to the islands from the United States. If buying from a Mexican American dealership is too costly, you can buy from a U.S. dealer in, say, Miami and have the car shipped to Puerto Rico for you, with the shipping fees included in the price, or buy a used automobile from a private owner. Many people in Puerto Rico look for used cars on the renowned classifieds website Clasificados. If you do decide to purchase a used automobile, you'll need to prepare your own bill of sale and have the deal notarized—a process that will be handled entirely in Spanish.

    Car Shipping to Puerto Rico

    Shipping a car to Puerto Rico can be an involved process, even if it is less expensive. To begin, you'll need to prepare your automobile for shipping, which may mean emptying your car of all items except a spare tire and jack and depleting the petrol tank to less than a third full, depending on the firm. If your car is financed, have your title and specific authorization from the bank ready to provide to the transporter.

    Depending on the provider you choose and the place you begin, shipping can take anywhere from five to two weeks. Be prepared to face the maze of regulations that awaits you after your car gets on Puerto Rico's shores this is the most difficult aspect.

    Puerto Rico Car Pickup

    It's a long and difficult process to get your car back after it's been sent. The first step for a decree-holder under Act 60 is to contact the appropriate port, request the vehicle division, and verify that the taxation of the vehicle has been completed. This is a document that is required to pay your import tax and is created by government workers who inspect your vehicle. Also, if you receive an email stating that your automobile has arrived at the port, call to confirm, as some people received the email notification prior to their car arriving.

    You'll go to the dock and wait in a queue at the relevant office to receive your official excise tax paperwork, which is required for payment of the import tax. You may be required to show your ID and driver's license to a guard inside the facility, who will generate a nametag for you. When you arrive at the window, give them your booking number and, if your tasación is complete, they'll hand out your paperwork. You have the option to pay online or in-person after you receive the document.