Hi!
Have you started your pensionado visa already? Last I heard that they did away with bringing a car in duty free last August. From previous posts on this forum and other forums the tax is now running about 25% of the value of the vehicle and if older there is a minimum $3K but that is if you have a pensionado visa. If you are coming on a tourist visa you will have to leave the country every so many days and it can change overnight here - currently I believe it is 90 days.
I know of several people that have driven down here in their RV's or 5th wheels and bought property to do what you are talking about, but they already had thier pensionado visa when they brought the motorhome into Panama. Up until this last year there used to be a 20-30 motor homes that made the trip from the U.S. to Panama and then back. It was a 3 month round trip out of Texas and they had hired a wagon master to help them drive down here and with all the paperwork.
As was stated above, you need have so many days to make the vehicle legal after it has entered the country. You can't just run across the border every so many days.
I hope this answers some of your questions.
Mary
www.whypanama.com
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