Buying A Car In Panama Apr 2026

: New car prices are typically 25% higher than in the US due to import taxes.

The actual transfer of ownership (the traspaso ) is a multi-stop relay race:

: Third-party liability insurance is mandatory and must be in place before the title can be officially transferred to your name. buying a car in panama

: You must confirm the vehicle has no outstanding municipal taxes or traffic tickets.

: While you can own the car indefinitely, you can only drive on a foreign license for 90 days from your last entry into Panama. To reset this, many people do a "border run" to Costa Rica for a few days. Common Car Prices in Panama (Used) : New car prices are typically 25% higher

Most journeys begin on Encuentra24 or Facebook Marketplace , the digital heart of Panama’s used car market.

Once you find a potential match, the "story" moves to verification. In Panama, debts and fines stay with the , not the owner. : While you can own the car indefinitely,

Here is how the story of your car purchase will likely unfold. 1. The Hunt: Digital or Dealer?