Shipping Cost from Monterrey to Panama City

Driving is usually cheaper for shorter distances (under 500 miles), but for long cross-country moves (over 1,000 miles), shipping can become comparable or even cheaper when factoring in your time, food, lodging, and significant vehicle wear-and-tear, making driving less cost-effective despite lower upfront gas costs. The decision balances direct fuel savings against the hidden costs and time commitment of a long drive, with shipping offering convenience and preserving your car's mileage and condition.

Import Duty: Variable rates typically 15-25% of CIF value depending on vehicle specifications and origin. ITBMS Tax: 7% value-added tax applied to duty-inclusive value in most cases. Luxury Tax: Additional 5-10% for high-value vehicles exceeding specific thresholds.

The cheapest way to ship a car is by using an open transport carrier, choosing terminal-to-terminal service, booking in the off-season, allowing flexible pickup/delivery times, and comparing quotes from multiple companies like those found on platforms such as uShip or Shiply * *, though you should be wary of rock-bottom prices that might signal poor service.