Can I bring a financed car to Puerto Rico? (2024)

Can I bring a financed car to Puerto Rico?

You can take it anywhere in the contiguous United States in most cases. However, if you are shipping to Hawaii, Alaska, that may change. So, be sure to make a quick call to your lien holder / bank and ask if it's ok. If going to Puerto Rico, you will definitely need to have a notarized letter .

Can I take my financed vehicle to Puerto Rico?

A quick guide to send your car to Puerto Rico

In the case of financed vehicles, an authorization letter from the entity that is financing the unit is additionally required to make the shipment.

Can I buy a car in the US and bring it to Puerto Rico?

What you should know before importing a car to Puerto Rico. All imported vehicles are subjected to an excise tax. The amount of tax and import duties largely depends on the vehicle's type and age, but you'll have to pay no less than 5% of the actual cash value of the car.

Can I import a financed car?

While your contract isn't likely to allow shipping a financed car overseas, you can still try and negotiate with your bank or loan institution. If you are in good standing with your bank and have given them no indication that you'll default on your loan, there's a chance they will allow you to transport the collateral.

How much does it cost to bring a car from the US to Puerto Rico?

How much does it cost to ship a car to Puerto Rico? On average, shipping a car from the mainland United States to Puerto Rico can cost anywhere from $1,500 to $5,000 depending on the total distance, size and type of vehicle you transport, the type of transport you are using and even the time of year.

Can I take my leased car to Puerto Rico?

Keep in mind that a lienholder could decline to authorize the shipment of the vehicle. Getting the documentation to transport your car will not be difficult if the lienholder agrees to allow you to ship your car. You must keep your financed or leased vehicle insured.

Can I register a car in Puerto Rico with an out of state license?

Depends. If you become a resident of Puerto Rico, you must get the PR license just like becoming a resident of another US state. If a resident, you must register your vehicle there. If you are just visiting, your valid license from another US state is valid in PR.

How much is import tax on a car to Puerto Rico?

In Puerto Rico in 2023, the applicable excise tax is approximately 12% of the value of the imported item. So, let's say your vehicle is currently worth $8,000. The excise tax you would pay when you pick up your car at the San Juan port would total $960.

What is the cheapest way to ship a car to Puerto Rico?

Roll-on Roll-off car shipping is the easiest and cheapest way to ship a vehicle to Puerto Rico. Because of its efficiency, RORO shipping is the most popular method for car companies as well as exporters and importers of vehicles and heavy equipment (mining, construction,agriculture,etc).

What is the best car to buy in Puerto Rico?

The Toyota Corolla is the best-selling vehicle in Puerto Rico in 2021.

Can I take my financed car overseas?

The lender plays a critical role in shipping financed vehicles. They hold the title of the vehicle until the loan is fully paid off. Therefore, their permission is necessary to ship the vehicle overseas. They may also require additional collateral or insurance to protect their investment.

Can you export a financed vehicle?

For those vehicles that are still being financed, you may present a certified copy of the title, along with an original letter from the finance company that states that the vehicle can be exported.

What cars can you not import?

The Clean Air Act prohibits importation into the United States of any motor vehicle, motor vehicle engine, nonroad engine and equipment that does not conform to the EPA emission standards and requirements.

Why are cars in Puerto Rico so expensive?

One, a friend who is from PR and the other, a guy at the excise tax office- both told me that it is more expensive to buy a car in PR than in the mainland USA. That is b/c it is an island and there's just less inventory; everything has to be shipped in.

What is the best company to ship a car to Puerto Rico?

Recommended Providers For Puerto Rico Car Shipping

We'll start narrowing down your options for car shipping to Puerto Rico by recommending Montway Auto Transport and uShip. With these companies, you can expect an excellent customer experience along with great costs and services.

Are cars worth more in Puerto Rico?

New car prices on the island can be $1,500-$5,000 higher. You'll pay an additional fee for the license plate too. Fortunately, you won't have to pay the island's usual sales tax of 11.5%. That amount was already paid when the car arrived in Puerto Rico.

Is shipping to Puerto Rico expensive?

The Cost of Shipping to Puerto Rico

If you use USPS, shipping to Puerto Rico costs the same as shipments made to any other part of the U.S., and you don't need a customs form. If you use a private shipping company like UPS or FedEx, then you can expect to spend more money on shipments to Puerto Rico.

Can a non resident register a car in Puerto Rico?

Registering a car in Puerto Rico is mandatory and requires various documents, but the process can be lengthy due to long waits and multiple office visits. Non-residents need a local driver's license or proof of residency, while residents need to purchase invoices, vehicle shipping documents, and vehicle titles.

Can you ship a new car to Puerto Rico?

We understand the importance of flexibility, and Puerto Rico stands out as it doesn't impose any vehicle age restrictions. Whether your car is brand new or vintage, you can ship it without limitations.

What is needed to register a car in Puerto Rico?

Is a US driver's license valid in Puerto Rico?

As a U.S. Commonwealth, Puerto Rico is considered domestic travel from the continental Unites States, just as long as you don't touch down in a foreign place or port before arriving. You will, however, be required to show a state-issued photo I.D. card, such as a driver's license or a non-driving photo I.D.

Can I go to Puerto Rico with just my drivers license?

The Caribbean Island of Puerto Rico is a US territory. That means US citizens can fly there with the same ID they use to fly within the United States. That's right—you just need your driver's license, a plane ticket, and a carry-on bag, and you are ready to fly off to enjoy Puerto Rico.

What is the 4% excise tax in Puerto Rico?

Act 154, enacted in October 2010, established a special 4% excise tax on the sale of products that are manufactured in Puerto Rico and acquired by a member of the manufacturer's controlled group. The 4% excise tax also applies to services rendered by a controlled group member.

Are there customs fees from U.S. to Puerto Rico?

Weekly sailings are available; contact LTL.PuertoRico@xpo.com or call (866) 431-0777. Download our Puerto Rico Quick Reference Guide. Will my shipments go through Customs? Puerto Rico is part of the U.S. Customs territory and therefore no customs duties are assessed on products coming from the mainland United States.

How do I register an imported car in Puerto Rico?

You will need your unexpired US driver's license, a clean title on the car, the import papers, the tax papers, your passport, your social security card and some sort of paperwork that proves you own property in Puerto Rico or that you are renting.