American, Japanese and German companies manufacture cars in Mexico and sell them there. These cars are not much different from those sold in the U.S. and Canada, but most buyers think them reasonably serviceable and there are fewer problems finding repair parts than with foreign cars. One difference you'll find is that the English-speaking salesman with whom you'll deal is much less likely to haggle with you about price. It's also cash on delivery. And there is no question that Mexican scenery makes car ownership seem more beautiful.
Many banks have shorter hours for transferring foreign money or travelers' checks to pesos.
The rate of exchange varies daily but remained fairly close to 7.6 for one dollar in 1996 and 1997. Banks, generally provide a higher exchange rate than other business places. Proof of car ownership is required. The driver must have valid driver's license, current license plates and state registration card in his own name. A credit card is required to pay for an entry permit.