Selling a US-Registed Bike in Central America

Discussion in 'Latin America' started by KonaTheHusky, Jul 5, 2013.

  1. KonaTheHusky

    KonaTheHusky Adventurer

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    Hi All,

    I'm starting to map out my options for the end of my Central America ride. The farther south I get, the less appealing the haul back becomes. I'm thinking of selling once I'm done and would appreciate some input on the market, the bureaucracy, etc. I'll be ending my trip in Panama City, but can backtrack some ways into a country with a better market or less red tape if beneficial.

    I'm on a 2001 XR650R that's in great shape. I could probably fetch 3.5k - 4.0k in California considering what's been done to the bike.

    Anyway - recommendations on if/where to sell or any existing resources would be helpful.

    Cheers
    #1
  2. Kiko

    Kiko Long timer

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    The XR650R was not sold in Mexico. A US plated XR is worth about $1500-3000 USD in Mexico. The buyer will need to pay about $1000-1500 to nationalize the XR. There is a rider on Thumpertalk.com, elsalvadorXR6 who may know more about his area and can advise.
    #2
  3. GuateRider

    GuateRider Long timer

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    The same goes for Guatemala; price depends more on the year and milage as on the extras .
    I believe the name of the rider in Salvador is elsalvadorklr and he is selling his XR (with local license plates) .
    #3
  4. O'B

    O'B Long timer

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    Put an ad on craigslist Costa Rica.
    #4
  5. BikeMex

    BikeMex Been here awhile

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    Here in Nicaragua you will have problems to find a buyer. These bikes are not common. There are no spare parts. Costa Rica should be a place to sell. A friend of mine there owns one as well. But I don't know about the import-taxes there. If you want I can ask another friend there about the market in Costa Rica and maybe he can find a buyer.
    But I will invite you to visit us here in León/Nicaragua if it's on your way.

    saludos Jürgen
    #5
  6. junglemototours

    junglemototours trailplug

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    Bikes are expensive in CR, you may be able to sell it there cheap w/out papers or pay approx 50%+ of original new value in import tax to get it registered there......
    #6
  7. KonaTheHusky

    KonaTheHusky Adventurer

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    Hmmmmm these are all interesting options. Some crappier than others. Thanks for the info everyone.
    #7
  8. Kiko

    Kiko Long timer

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    Put an ad in flea market, maybe there is someone who wants to fly, buy, and ride the area. I guess you will get stuck with an uncanceled TVIP. If you want to return to Mexico one day on a different vehicle, there are some ways around the uncanceled TVIP from this trip.
    #8
  9. KonaTheHusky

    KonaTheHusky Adventurer

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    Hopefully I can find a buyer south of Mexico so I can get the TVIP returned. But we shall see. Thanks for the input.
    #9
  10. TeeVee

    TeeVee His mudda was a mudda!

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    not to start an argument with fellow inmates, but the lack of parts for bikes in nicaragua doesn't stop people from buying them. having said that, importing the bike will cost you about 30% in import duties based on the value local customs guys decide, not what you tell them or prove to them by various means.

    your next problem will be finding a buyer. it's not that they don't exist, it's that there are so few of them. it has taken some of my friends many months to sell similar bikes there. so unless you find someone to hold the bike for you and wait out the process of selling, it will not be an appealing place to try and dump it.

    you may wish to consider shipping it home via ocean freight for a lot less than you may think
    #10
  11. Adv Grifter

    Adv Grifter on the road o'dreams

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    Voice of experience I'd say! Thanks for solid Info! :freaky
    #11
  12. Kiko

    Kiko Long timer

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    #12
  13. Kcizik

    Kcizik Adventurer

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    Just so it gets put into perspective. I brought down to Nica a drz400 that I paid $1800 for. I ended up paying $1500 in taxes, because its based off perceived value. But I would believe every country would have their own import taxes here in Central America, so the new buyer would take that into account.
    #13
  14. TeeVee

    TeeVee His mudda was a mudda!

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    Just curious, what year was your bike? And did you use an aduanero?
    #14
  15. Kiko

    Kiko Long timer

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    I just got two quotes to nationalize bikes in Mexico in Laredo, my quotes were (excluding state plates):

    2006 Honda XR650R $1450. USD
    2008 Kawasaki Versys $1980. USD

    Jalisco plates cost another 200 MXN @
    #15
  16. KonaTheHusky

    KonaTheHusky Adventurer

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    Yikes!

    Here's another angle: what's the likelihood of finding an expat buyer? Say, a military type that's posted there. This is based on the assumption that an expat wouldn't have to pay those duties...
    #16
  17. Kiko

    Kiko Long timer

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    To legally ride the bike in Mexico, an expat needs one of the following:

    1) If he has a temporal visa or FMM he will need to take the bike to the border to cancel your TVIP and then he would need the registration in his name to obtain a new TVIP (good for 6 mos).

    2) If he has a permanente visa, then he would need to have the bike registered in his name and he then goes to Aduana to apply to nationalize the bike and get plates in his state of residency in Mexico. This is the situation I am in.

    My TVIP on the XRR expired 4 years ago but I did some legal footwork to keep the XRR legal in Mexico. However, when I converted to permanente status, the govt canceled my TVIP permanently. So now my XRR is illegal. If I am stopped, then my bike may be seized by the govt and I will not get it back.

    I know one guy who may have interest, but it will be a wholesale deal as he is a dealer.
    #17
  18. Kcizik

    Kcizik Adventurer

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    2007, and yes. She actually work in the aduana for 18 years but left to start her own thing. I also had a friend who worked in the office to help push it through. So for being a chele, that was the best I could do.
    #18
  19. TeeVee

    TeeVee His mudda was a mudda!

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    so they did what they have been doing for several years now--charging you based on the book value of the vehicle, as opposed to what you paid for it. sucks, but there's not a damn thing you can do about it.
    #19