Mexico Hits TIP Holders with Big Taxes if Their Car Gets Stolen (VIDEO)

Did you know that if you import your vehicle into Mexico under a TIP and that vehicle is stolen, you’ll have to pay a hefty tax bill to the Mexican government?

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About the Author

Qroo Paul
Paul Kurtzweil (Q-Roo Paul) was a deputy sheriff in Florida for 25 years before retiring at the rank of lieutenant in 2015. He and his wife moved to Mexico looking to maximize their retirement income. They later started a blog called Two Expats Mexico (qroo.us) to share their experiences as well as information about the logistical and legal aspects of retiring south of the border.

5 Comments on "Mexico Hits TIP Holders with Big Taxes if Their Car Gets Stolen (VIDEO)"

  1. what? how is this possible? I have 4 year TIP on my car… Have Mexican Insurance. Do they pay for stolen car? what does law enforcement do about stolen cars? this is very disturbing.

  2. I have not watched the video but it happened to someone I knew, he got out of it somehow. I have lost touch or i would ask him. it was never recovered. He put an anti hijack device in the replacement. I have spot trace hidden in my (Plastic) bumper so I know where it goes. It sends a signal every 5 min. As to whether the police would go get it is another matter.

  3. Just watched the video. Just ignoring the TIP and losing your $400 is an option. if it is an RV it would have a 10 year TIP with no deposit anyway. Just bring in the replacement in under your spouse name. Maybe use a club when the vehicle is parked, it may at least encourage them to take someone else’s instead. hardly see those anymore, I don’t know if you can even buy them. With ignitions coded to a chip in your keys, they are not as common.

  4. Wow Paul! I found your blog by accident and have been following it for a few years. You are thorough and interesting! We are Canadians so I can see us renting down there but with our free healthcare I don’t see a permanent move.

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