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Buying (and insuring) a new car in Nicaragua (Managua)

Hi all,

(i) I have heard conflicting stories of purchase prices of new cars in Nicaragua - some say to expect substantially higher prices than in the USA, others say they are comparable. What is the true situation? Specifically, I am interested in purchasing a new Mazda or Honda.

(ii) How easy or painful is it to insure a car in Nicaragua (compared, say, to the USA or Western Europe)? Is it required that those seeking insurance have residency status? Would someone on tourist visa status be given insurance, if they can prove tenancy in rented accommodation?

Thanks in advance,

Evan

Managua Forum