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Motorbike valuation for a carnet in the UK Motorbike valuation for a carnet in the UK
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Trip Paperwork Covers all documentation, carnets, customs and country requirements, how to deal with insurance etc.
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  #1  
Old 18 May 2009
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Motorbike valuation for a carnet in the UK
Hi,
I'm looking for up-to-date advice on this as I'm soon to apply for a carnet that will include Egypt, so the bike's valuation on the carnet form is a key factor in total cost.

I'm looking at it this way:
  • The 800% duty is on the value of the bike if it was sold in Egypt, which probably bears little resemblance to what I paid for it secondhand here in the UK.
  • Here in the UK the bike is a 4-year-old Grey-import, so it's difficult to find a UK book price.
  • If bikes on sale in Egypt attract 800% duty, the pre-tax market values are probably lower than other countries in order to compensate a little and make them affordable.
  • The price I paid here in UK, secondhand, reflects to a certain extent that the original selling price includes all the UK taxes of vat and car tax, which makes it more unrepresentative of its pre-tax value in Egypt.
  • So there's probably scope for some legitimate creativity in valuing the bike for the carnet.
  • On older posts, I've seen suggestions of maybe half of the current UK general selling price, or even less.
Any comments would be appreciated on my logic above.

And a simpler question I hope:
What happens if your bike is stolen or irrecoverably damaged in an African country? How do you extract yourself from the import-duty requirement (when leaving the country without the bike) to discharge the carnet? I assume there's some fraught procedure with the police and endless other authorities. Anyone any information or experience of this?

Thanks to all in advance.
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Old 19 May 2009
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You tried New & Used Cars, UK Car Dealers - Parker's or http://usedbikeguide.com/bible/index.asp
for a valuation?
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Old 21 May 2009
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Quote:
Originally Posted by pottsy View Post
Thanks for that, I hadn't tried either of them. My bike's not in Parkers but I did find it on usedbikeguide so that helps. My main question though is: does the UK selling value have any relevance to the selling value in a country like Egypt? It's probably impossible to answer. On another thread I think the best bit of advice was: if you need to sell your bike in two days, it'll be worth a hell of a lot less than if you're happy to spend a couple of months looking for a buyer.
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Old 21 May 2009
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Give paul Gowan at the RAC carnets dept a call, very helpful when sorting the valuations for our Carnets for our Landcruisers on a trip to Egypt recently.

We are going back on the same carnets again before they expire!!

Andy
Last edited by Trumpton; 22 May 2009 at 07:52.
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