Buying Car

[MikeFisher]

i think now i got it, you pay $400.- per MONTH for the car's payment including the full insurance.
what car brand/model is it?
Mike

[amandalynn]

its a 2002 mitsubishi lancer.

[MikeFisher]

they are good cars and you'll get the spare parts if needed.
good luck with it
Mike

[J D Sauser]

Originally Posted by amandalynn

$400 per year is correct. yes but i still owe on the car so the car payment is about $400 included in the $400 is the tiny amount that goes to the insurance too.

Yeah well, you may want to check on you coverage (especially your liability too, since this is what may get you out of jail some day). Concho insurance is maybe not what you really want to have (Pepin or any other basic policy).

... J-D.

[socuban]

Originally Posted by J D Sauser

I have just bought a vehicle about two weeks ago.

• Once I found the vehicle I had a "promesa de compra-venta" drafted and paid a deposit, so the car would be held for me until I had the necesairy funds wired over to my account.
• You want to see the original registration (called Matricula). The matricula is also title and you are advised not to cary it in your car but keeping it in a safe place while you keep a photo copy of it your car, so, at times it will take time to finally see it in original, because owner and dealer will be cautious. But you want to see the ORIGINAL. You want to see the name of whom sells the car to you on it on the front and the word "ACTIVA" in the status box to the right of it. On the back nothing should be written... this is where the original owner (the one who's name is on the front) will sign it over to you and where you will sign bellow it at time of reception. Check the VIN. You also want to positively identify the seller (cedula and/or passport) and match him to the name on the matricula.
• You will need good quality copies of the sellers cedula and/or passport. Make a good bunch of them. While you are at it, you need copies of your current ID. Yes, there is no problem with your passport and you not (yet) being a resident.
• I then spoke to my lawyer which confirmed that the sales contract had to be drafted by a lawyer. So we did this in four (4) full copies... all to be later signed in original. They have to be notarized as to a lawyer (can be the same) with a notary public license to verfy signatures and all. As in all deals, you do not want to accept the "generous" offer of dealers to use their lawyer, because that's just what he is and he will only look after the dealer's interest.
• You may want to take up the VIN number and engine number and check them throughout the vehicle for a match and run them by the Policia Nacional to make sure the vehicle is not missing somewhere, however they will not give you an official document unless you come with a signed contract... and nobody will sign a contract without you pushing all the cash over the table.
• At this time you proceed to the transaction. They sign the contracts first and you do so too, for the time being, they keep the contracts. Then the owner alone signs of the back of the matricula. Only then you hand over payment against, all but one of the 3 contracts (again, all originally signed), the ORIGINAL signed matricula, which you now sign and keep and a receipt to state the same amount (*) as stating in the contract and that the vehicle is paid in full... signed by the seller and any dealer. It's your money against all papers at that time. You do not accept delays, excuses or explanations. It's now or never. (*) I have been suggested that we could state a lesser amount in the contract and receipt to pay less transfer tax... I have declined, you do as you see fit or as your lawyer advises.
• Then you take the vehicle to the Policia Nacional (Plan Piloto) and they will take up the VIN and give you a little paper stating that they have copied the numeber and matched it to the one shown on the contract ... RD$ 100.oo.
• With that paper and an original contract and the original matricula you go to Procuraduria, pay about RD$ 500.oo and have one of the signed copies of the contract sealed by them. It's kind of like a state notary and a good way to get 500 Pesos from you.
• You go back to the police which will keep that Procuradoria notarized copy of the contract and hand you an other little paper which states that you can come back later that day or in a day or two.
• The police will then issue a statement of non-issue, stating that the vehicle is not stolen. And a comprobante that the car is ready for transfer. With the copy of the old matricula, 1 original contract, and copy of the sellers cedula, you can now insure your vehicle and enjoy the roads of this country.
• You will have your bank issue a bank certified check for the transfer tax. Many opinions have been posted on this forum in the past about how it may be calculated and they may have been right a the time. Two weeks back, it turned out to be 2% of the transaction amount shown on the contract. Finally we had to find out that on top of that there was a new tax of 1.3%. The check for the total amount has to be made out to the Tax Collector (el cobrador de impuestos) in RD$.
• You will then want a tramitador or your lawyer to do the runarround and pull your new matricula... which should take about a day or two.

This was in Santo Domingo, DN. in the first days of March 2007.

Enjoy... J-D.

Excellent info, thank you.

Has anyone done a purchase recently and noted any changes to the above summary?

If there is a lien involved that needs to be paid prior to purchase, how is that handled?

[PBJ27]

We just moved to Cabarete and need to buy a car..any suggestions on where to go? Private sale? Car dealer?

[windeguy]

Originally Posted by PBJ27

We just moved to Cabarete and need to buy a car..any suggestions on where to go? Private sale? Car dealer?

Most people will recommend you take a trip to Moca for the best deal. I have no personal experience with that having purchased exactly one vehicle here and that was new in Santo Domingo. I do know they have a large number of dealers for both new and used cars.

Most recommend to check at CarFax if possible.

Most will recommend you pay a trusted mechanic to check out the car before you purchase it.

Be aware that almost all used cars here have had their odometers rolled back. If they were damaged and repaired you will almost certainly not be told about that.

Best of luck and lest us know how you make out.