Buying a car for 12mil without a bank account

Anything at all (keep it clean) goes here that does not fit in to any of the other forums.

Moderator: eeuunikkeiexpat

User avatar
Space Cat
Rank: Chile Forum Citizen
Posts: 1594
Joined: Thu Dec 04, 2014 9:20 pm
Location: Valdivia

Re: Buying a car for 12mil without a bank account

Post by Space Cat » Fri Jul 20, 2018 2:43 am

VW Gol (not Golf!) is a LatAm-only car assembled in Brazil. Absolutely not recommended for at least safety reasons.

Mind that EU and US crash tests are often not relevant because even if the car was built at the same factory, the LatAm configurations can be different (for example, less airbags).

After a boring two-day market research, I think I'll go with Mazda 2 Sport just because it's the best ≈10mln hatchback option in Chile based on the included features, safety, and online reviews (it's the global version built in Mexico, so even UK reviews count). It's kind of small but I'm not big either and don't plan to carry firewood in the trunk.

User avatar
manivel43
Rank: Chile Forum Tourist
Posts: 22
Joined: Wed May 02, 2018 5:50 am

Re: Buying a car for 12mil without a bank account

Post by manivel43 » Sat Jul 21, 2018 12:20 pm

Hi,

What is the requirement for buying a car in chile ? i will be arriving there next month in tech visa. will i be eligible to buy a new or second hand car with my tech visa, provided i manage to get an RUT there ?

Some people tell me that only a permanent Resident visa will be able to buy a car. i am kinda confused with the different type of information available around.

User avatar
admin
Site Admin
Posts: 20877
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Buying a car for 12mil without a bank account

Post by admin » Sat Jul 21, 2018 1:34 pm

You only need a temporary rut for foreigners to buy a car.

The catch with that is, you need a resident or citizen to act as your representive before the irs. Essentially, they need to know how to reach you.

If buying used, check the papers and registration. Lot of stolen cars and false papers floating around. Also make sure all tge debts including highway tag is paid.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
manivel43
Rank: Chile Forum Tourist
Posts: 22
Joined: Wed May 02, 2018 5:50 am

Re: Buying a car for 12mil without a bank account

Post by manivel43 » Sat Jul 21, 2018 3:48 pm

Do i still need a guarantor in case if i am buying the car with full cash payment?
without any installments

at46
Rank: Chile Forum Citizen
Posts: 1174
Joined: Fri Sep 20, 2013 6:13 pm

Re: Buying a car for 12mil without a bank account

Post by at46 » Sat Jul 21, 2018 4:08 pm

manivel43 wrote:
Sat Jul 21, 2018 3:48 pm
Do i still need a guarantor in case if i am buying the car with full cash payment?
without any installments
I think you cannot obtain your tourist RUT without the guarantor, so...

User avatar
eeuunikkeiexpat
Rank: Chile Forum Citizen
Posts: 8053
Joined: Fri Sep 01, 2006 1:38 am
Location: Megalith of unknown origin near my digs, south V Region coast

Re: Buying a car for 12mil without a bank account

Post by eeuunikkeiexpat » Sat Jul 21, 2018 7:14 pm

manivel43 wrote:
Sat Jul 21, 2018 12:20 pm
i will be arriving there next month in tech visa.
Dude, you will getting a REAL resident's RUT (technically a RUN) with what I suppose is a "Professional''s" visa. No need to add extra bureaucracy with a tourist's RUT that will be invalid once your resident's RUT is activated.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

User avatar
admin
Site Admin
Posts: 20877
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Buying a car for 12mil without a bank account

Post by admin » Sat Jul 21, 2018 7:44 pm

Yea the temporary rut for foreigners is ONLY for someine without a visa of some other type.

Your regular RUT number is all that is required.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 20877
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

ford pulling out of south america

Post by admin » Mon Aug 06, 2018 2:22 pm

Thought of this thread when i seen this.

https://www.bloomberg.com/amp/news/arti ... -to-rivals

This would definitly be a reason to give me pause about buying a ford in chile, beyond my general dislike for american cars and the way they do biz.

Ford is shopping to sell its money loosing biz in south america.

You know somothing has gone wrong when you see toyota hilux on the street, with stickers on them to make them look like the raptor pickup truck. People like the look, but dont want to buy the vehical and that is one of their high-end pickups.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 20877
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Buying a car for 12mil without a bank account

Post by admin » Mon Aug 06, 2018 2:26 pm

The only time i have ever replaced a transmission, was on a ford ranger. Overheated and Died from very mild towing of a light trailer with grass in it. After that, never touching a ford again.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
Space Cat
Rank: Chile Forum Citizen
Posts: 1594
Joined: Thu Dec 04, 2014 9:20 pm
Location: Valdivia

Re: Buying a car for 12mil without a bank account

Post by Space Cat » Wed Aug 08, 2018 12:08 pm

mem wrote:
Mon Apr 30, 2018 10:46 pm
I know about the valle vistas, but I understand you need an account with a bank to get a valle vista
BancoEstado issues vale vistas without an account there but if you bring over 5-6m, they will ask for documents explaining the funds' sources.

HybridAmbassador
Rank: Chile Forum Citizen
Posts: 3790
Joined: Wed Mar 28, 2012 4:19 pm

Re: Buying a car for 12mil without a bank account

Post by HybridAmbassador » Wed Aug 08, 2018 3:54 pm

Space Cat wrote:
Wed Aug 08, 2018 12:08 pm
mem wrote:
Mon Apr 30, 2018 10:46 pm
I know about the valle vistas, but I understand you need an account with a bank to get a valle vista
BancoEstado issues vale vistas without an account there but if you bring over 5-6m, they will ask for documents explaining the funds' sources.
So you going for a Mazda instead of Toyota Corolla? Last time in Russia, every Russian I met he/her wishes for a car purchase brand and series of a car to hope/dream of buying came as Toyota Corolla.
HybridAmbassador. Toyota Hybrid system for helping climate change.

User avatar
Space Cat
Rank: Chile Forum Citizen
Posts: 1594
Joined: Thu Dec 04, 2014 9:20 pm
Location: Valdivia

Re: Buying a car for 12mil without a bank account

Post by Space Cat » Wed Aug 08, 2018 5:44 pm

HybridAmbassador wrote:
Wed Aug 08, 2018 3:54 pm
So you going for a Mazda instead of Toyota Corolla? Last time in Russia, every Russian I met he/her wishes for a car purchase brand and series of a car to hope/dream of buying came as Toyota Corolla.
I wish Chile was covered with railroads and then I would never have to drive a car.

Post Reply