Costa Rica Country Guide
Everything you need to know about moving to Costa Rica
How to Purchase a Car in Costa Rica
The used car market in Costa Rica can be tricky to navigate
Many expats that live in Costa Rica choose to purchase a used car. Costa Rica has a robust used car market, however there it’s important to navigate the process wisely, considering factors like vehicle history, pricing, and legal requirements.
Overview of the Car Market in Costa Rica
Car Purchase Process in Costa Rica
Closing Costs When Purchasing a Car in Costa Rica
How to Transfer Money When Buying a Car in Costa Rica
The advantage to paying an owner in cash when purchasing a car is that the transaction can be completed in one day. However, when entering Costa Rica, its typically best to avoid bringing large sums of cash. Beyond just safety concerns, there are Customs restrictions against bringing in more than $10,000 in cash. There are also restrictions against the total amount of USD that can be withdrawn from a US or Canadian account from a Costa Rican ATM in one day — typically around $400 USD — which can make completing a car purchase transaction in colones extremely tedious.
When buying a car in Costa Rica, buyers typically make international transfers. These typically take 1-2 weeks to arrive in the owner’s bank account, and sometimes require extra documentation about the provenance of the funds from the receiving bank if the transfer is particularly large.
There are two companies that we recommend using to make international transfers: RegencyFX and Wise.
RegencyFX is one of the fastest-growing, privately owned currency exchange companies in the world.
Regardless of whether you are transferring funds to family or friends, making a payment abroad,
scheduling a regular transaction, or buying a house, Regency FX is a simple, easy way to
guarantee one of the best exchange rates on the market. RegencyFX assigns a dedicated account manager to each client, so it is a great option if you are looking for hands on, tailored support. You can learn more about RegencyFX HERE.
StartAbroad does have a partnership with RegencyFX, and may earn a commission on sales made through this platform. RegencyFX makes.
Wise is one of the largest is an excellent option if you have a straightforward transaction to make. Wise offers excellent exchange rates, and is very easy to use. You will not receive any hands-on guidance or support, but it gets the job done quickly and easily.
Regardless of how you transfer money to Costa Rica, keep in mind that the receiving bank may take a commission. This is the responsibility of the buyer to cover.
Would you like support purchasing a car in Costa Rica?
StartAbroad offers Car Purchase support
Common Challenges When Purchasing a Car in Costa Rica
Some Tips for Expats When Buying a Car in Costa Rica
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Costa Rica client reviews
We would highly recommend using StartAbroad for your relocation needs… [Their relocation] program is very comprehensive and they anticipated our every needs to make sure that our move went smoothly.
We would have made many mistakes on our own… [StartAbroad was] worth every penny and now looking back we can’t imagine having made this move without their assistance.
Clay & Sarah (& Sam)
Costa Rica Concierge Clients
It was an ultimate pleasure working with StartAboard, from start to finish they took care of every minor detail. Their service took loads of pressure off my hands as you can imagine all the small details and variables you have to consider when moving to a different country.
I would highly recommend StartAboard if you are looking to relocate.
Costa Rica Concierge Client
[The team at] StartAbroad were absolutely fantastic… These guys saved our family so much time – it’s quite difficult to quantify the value of their service. One thing for sure, for the small amount that they charged us for facilitating our digital nomad visas – in comparison to the huge amount of time we saved, is substantial!
Very pleasant to work with, very professional, clearly they care very much about what they are doing and their work reflects this.
Digital Nomad Visa Support
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