The FMT is a 180 day tourist permit if you ask for that maximum amount of time. You will need your title, registration, driver's license and a major credit card for the bond in order to get the importada temporal for your car. The FM3 is a visa which allows you free entry and exit to all of Mexico. It is renewed each year at your Mexican place of residence's nearest Immigration office and lasts for five years. Then, you start the application process over again. You need proof of residence and foreign income each year.
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Read "Streets of Glass" to discover the experience of a retired couple's permanent move to Lake Chapala, Jalisco, Mexico.
PM for details.
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