There are 2 distinct ways to do carnets:
1) deposit the value of vehicle times the duty percentage (sometimes 300% or even more; 100% in the case of Australia for instance) with the carnet association; BUT YOU GET IT ALL BACK
2) Buy an "insurance" to cover the risk of leaving the vehicle in the country; usually much less than the value of the vehicle; BUT YOU DO NOT GET IT BACK.
In my case going to Australia for almost 2 years I chose to deposit $C120,000 with the Canadian AA and get back upon my return rather than pay say $20,000 and lose it.
With a low value vehicle one's calculations could be reversed.
Charlie
__________________
Unimog U500 w/Unicat
|