In January 2007, I purchased a 2001 Mercedes ML 320 in Costa Rica from AutoStar - the local Mercedes dealer for $29,500. I could have purchased the same car in the US for $15,000, but it would have cost me $32,000 if I had done that and shipped it to CR; and this is just the taxes, aduana, inspection, marchamo and similar costs that I could identify. Bribes, replacing stolen parts, etc were not part of the $32K estimate. I sold the car in February 2008 for $23,000 and I felt very fortunate to do so.
If you choose this route, I can tell you the local Mercedes Repair shop in La Uruca does an excellent job and seems to be very trustworthy. In some cases, repairs are less than in the US due to a lower labor cost.
However, the cost of the vehicle is only half the story. Half assed insurance coverage; max $80k liability; 20% deductible for theft or total loss and the reputation is that INS pays off in approximately 2 years for a total loss. Annual premium for insurance was $2,600. Plus in December each year, you have to pay the Marchamo (insurance for those who don't buy insurance). When I purchased the ML 320, the Marchamo was $250 but it was arbitraily raised in December 2007 to $850.
Based upon what I paid to have a car in CR, I could have hired a stretch limo and armed driver to take me and/or my lady everywhere we wanted to go and to be sitting at my house 24 hours per day just waiting for me to walk outside. I sold the car because it makes absolutely no financial sense to own a car in CR. Oh....and I've not even talked about the theft and robbery risk, the price of gasoline, the difficulty getting it washed, or the hassle factor of driving in traffic where drivers behave as if a NASCAR race just let out. This is just my point of view and YMMV.
