The majority of Bank of America loan and leasing contracts state that driving into Canada or Mexico requires written approval. Some contracts, depending on when they were formed and in which state they were negotiated, may forbid the car from leaving the United States. Always check your contract's restrictions before you go abroad with your vehicle.
In addition, most leases require you to return the vehicle at the end of its term with no matter what happens to it during that time. If you break down, are involved in an accident, or are found to be incapable of returning the vehicle, you could be charged for lost rent. If you don't return the vehicle by the specified date, you might even lose your right to use it again.
In Mexico, most major car manufacturers have representatives there who can provide information on new models and help you find a good deal. They will not be able to override the lease agreement, but they can offer suggestions on how to react to certain situations that might arise during your stay there. For example, if you were to die in an accident on Mexican roads, someone would have to come forward to claim your vehicle under your insurance policy.
Mexican law requires that all personal vehicles be registered with the government.
If your car is financed, you must receive a letter of authorization from the lender to drive it in Mexico. This letter is called an "endorsement." If you don't have this letter, you can't drive the car across the border.
The good news is that most banks will grant such an endorsement if you ask them directly and provide proof of insurance coverage while you are there. If you get denied by one bank, you may be able to work with another bank that reviews your case de novo (from scratch).
The proof of insurance requirement is very important! Without it, they can deny you permission to cross the border with your vehicle.
If your car is not financed but instead you have a loan from a Mexican bank or credit union, then the rules are different. In this case, you would need to obtain a letter of consent from the holder of the finance agreement.
You cannot borrow money in Mexico and not sign an agreement with the bank or credit union to pay it back. If you do so, they can take you to court and win damages.
Rentals from the United States: Most cars hired in the United States may be driven across the United States and Canada. If you want to travel to Mexico, you will need to acquire supplementary insurance to insure your car while there. Please contact the branch directly to find out about restrictions and availability.
The main international airport serving Mexico City is Miguel de Cervantes International Airport (MCC). The airport is named after Spanish writer Miguel de Cervantes who lived in Mexico for many years and is considered one of the fathers of modern literature. It has two terminals called A and B connected by an air-conditioned bus service called "Oriente." Each terminal has currency exchange offices, restaurants, bars, and shops. There are also several hotels, food courts, and grocery stores with Western brands such as McDonald's, KFC, Starbucks, etc.
In addition to the regular airlines that fly to Mexico City, including American, Continental, Delta, and United, most major cities in Mexico can be reached by bus or train. The main station is called "Estación Central" or "Cercado".
Buses are the most common form of transportation in Mexico. They are clean and usually comfortable, if not first class. The buses usually have restroom facilities but these often do not work. Bring a backpack to store your luggage while traveling on buses since they cannot be checked in.
Technically, you are permitted to drive another person's automobile into Mexico without obtaining specific documentation. If you need to drive someone else's automobile into Mexico, get a letter of authorization from them, and get it notarized if in doubt. In general, it's preferable to drive your own car into Mexico. This will make things easier if you have any problems with the vehicle—you can fix them yourself instead of having to ask someone else to do so.
In practice, this is rarely done. Most people who want to enter Mexico with a vehicle hire one out at their own expense. There are some reputable rental companies that operate in both Mexico and the United States, but they are hard to find. In fact, according to some reports, there are more than 300,000 vehicles on the Mexican road system that were registered in another country.
The main reason why people don't rent their vehicles in Mexico is because it is difficult to obtain a driver's license here. Some people think they can get around this by getting a friend or relative who is a licensed driver to take the test for them. But even if this was possible, it would be extremely risky because if you got pulled over by the police you wouldn't be able to prove who was driving.
All in all, it is best not to risk it. Hire a vehicle across the border at an appropriate price and include all applicable taxes in the cost.
Driving to Mexico and Canada with My Rental Car Most places do not permit entry into Mexico.
In addition, most companies do not allow their cars to be driven into Canada. You will need to check with your rental company to see if any exceptions are made for Canadians. If not, then the answer is no, you cannot bring your vehicle into Canada.
Enterprise has several locations across the United States, so it's important to find one that is close to where you will be staying so you can return your car without problem. Entering foreign countries without authorization from your carrier could result in serious problems for you or your car. For example, if your driver's license is denied entry because you are an American citizen but the car is licensed in another country then there could be serious consequences for you.
Even if you are a resident of Mexico or Canada, you still need liability insurance. There are many small towns in both countries with no police officers or firefighters available to help people who have been in accidents. If you do not have insurance, then you could be forced to pay out of pocket for any injuries suffered by others.
Driving an American-registered automobile in Mexico While it is feasible to drive your American or Canadian automobile across the border and use it in Mexico, it is more difficult and will cost you the same, if not more, than renting one after you cross the border. All drivers in Mexico are obliged by law to obtain automobile insurance. The only exception is if you have valid license and auto is registered in the country of origin.
It is best to bring your own licensed driver when traveling with children in Mexico. There are many dangerous conditions such as speeding, road hazards, and inappropriate vehicle maintenance that can cause accidents regardless of who is driving. If you are not used to Mexican roads, then taking a driving course may be helpful. Driving in Mexico is different than driving in North America because traffic signals are rarely used and pedestrians have the right of way at intersections.
Mexican law requires all non-resident drivers to carry liability coverage. This means that if you are in an accident while driving a foreign-registered vehicle, you must be able to prove that you have this coverage before you can be released from responsibility for paying any damage claims. If you do not have insurance, you will need to pay an annual fee to register your vehicle in Mexico.
In conclusion, driving in Mexico is possible but requires special attention. If you are not used to the driving culture here, then it might be best to hire a local driver or take a driving course before you go on your own adventure around Mexico.