My idea of a relaxing vacation is letting someone else do the work, not driving a car like I have to do every day back home. I will drive somewhere if there is no other practical way to get there.
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He was more than happy to accept my $100 fine payment.
I stayed at Hotel Cozumel in 2015. While I was there, my buddy and I rented a car. I drove the loop around the island. There was nothing difficult about the paperwork or road rules that I remember. I don't remember things being significantly different than driving in the States. Another diver from our group had rented a vehicle parked it too near to a "no parking" zone in town. They put a boot on it, and he had to go to the police station and pay in cash. If memory serves, I think the cops tried to shake him down for extra money. I vaguely remember it sounding somewhat shady. @1bubbleoff does my recollection match yours?
My take away would be to double check you're allowed to park wherever you park. Don't even get near a no-parking zone. I only parked at the hotel and a restaurant on the dark side of the island which had its own marked parking spaces.
Also, watch out for scams at the gas pump. I've repeatedly heard that those guys will try to scam tourists for a bunch of extra money when we refill. You'll have to be assertive with those guys to ensure you can see the price on the pump and the actual volume of gas that's pumped etc.
If you end up getting taxis, I've heard that you get a much cheaper price by picking up a taxi a block or two away from the tourist areas. However, when we got taxis we did not do that. I'm sure we paid more than locals do, I think it was like $5usd for the 850-meter ride from the mega to the hotel. Worth it though, carrying groceries for four at night would have been a hassle.