Carnet - valuation and modification

payydg · Mar 18, 2013

Hello,

I'm currently filling out my carnet application.

How do I value the vehicle? Should I put the value I paid for it? It's been modified since I bought it and has done an additional 5k in miles. Obviously I'd like to undervalue it so I don't have today as much but I'm a bit worried that the insurance will be linked to the carnet and if something fooks up I'd want the best cover I can get...

Ta

Dave

Pikey · Mar 18, 2013

So you want your cake and you want to eat it and still have a whole cake when you've finished.

If you want the best cover you can get. value it fairly and don't try to defraud your insurance company. / carnet provider.

payydg · Mar 19, 2013

redhand said:
So you want your cake and you want to eat it and still have a whole cake when you've finished.

If you want the best cover you can get. value it fairly and don't try to defraud your insurance company. / carnet provider.

Ok. I'm not trying to defraud anyone. We all know that insurance companies are a pain in the ass and will try and get out Claus you at every opportunity, what ever commodity you're insuring. I'm just seeing what slack I have to play with and see if I can tip the balance in my favour for once - god knows they'd do the same to me. Plus all the other threads I read on here talked about just using the book value and not mentioning any modifications.

So what is the situation with modifications? Are they included in the carnet evaluation?

Does your overseas insurance use the carnet valuation or their own?

Dave

Griffdowg · Mar 19, 2013

the CDP is not an insurance policy for you, it is for the country you are taking the vehicle into. It is to cover import duty should you decide to leave it there illegally.

'paying out' etc is not your worry. All you have to worry about is your vehicle, keeping hold of the CDP and making sure you have both entry and exit stamps for the country you are in. Once the CDP is returned you are entitled to a partial refund.

Look at the lowest book price for your vehicle and go with that.

Modifications are not important and not included.

If the RAC feel you have undervalued your vehicle, you can then say it is the base price in the book and see what they say.

Its a shame Paul Gowen has left that department as he was a very knowledgeable and approachable chap.

G

payydg · Mar 21, 2013

Griffdowg said:
the CDP is not an insurance policy for you, it is for the country you are taking the vehicle into. It is to cover import duty should you decide to leave it there illegally.

'paying out' etc is not your worry. All you have to worry about is your vehicle, keeping hold of the CDP and making sure you have both entry and exit stamps for the country you are in. Once the CDP is returned you are entitled to a partial refund.

Look at the lowest book price for your vehicle and go with that.

Modifications are not important and not included.

If the RAC feel you have undervalued your vehicle, you can then say it is the base price in the book and see what they say.

Its a shame Paul Gowen has left that department as he was a very knowledgeable and approachable chap.

G

Nice one Griff thanks.

I'll do just that. Been in contact with someone called Jessica domingo-molyneux, who is very helpful.

Griffdowg · Mar 27, 2013

payydg said:
Nice one Griff thanks.

I'll do just that. Been in contact with someone called Jessica domingo-molyneux, who is very helpful.

That's good to hear as we will be ringing her from Siberia in August to get ours sorted and shipped to Russia so we can enter Australia.

Let us know how you get on if you get yours sorted before then.

I just read your other post on your 90 and temp import to Nepal. In my experience embassies are worthless for anything other than visa info. Your best bet would be to find other people who have travelled there and see how they got on.

A good starting point would the the hubb: Horizons Unlimited - The HUBB

use the search function and see what is out there with regards to paperwork. Most of it is for 2 wheels as our 2 wheel friends travel everywhere but the process is usually the same (just the costs are usually higher). If you go in on a CDP you should have 12 months and you may be able to renew it for another 12 months once your there.

G

payydg · Apr 1, 2013

Griffdowg said:
That's good to hear as we will be ringing her from Siberia in August to get ours sorted and shipped to Russia so we can enter Australia.

Let us know how you get on if you get yours sorted before then.

I just read your other post on your 90 and temp import to Nepal. In my experience embassies are worthless for anything other than visa info. Your best bet would be to find other people who have travelled there and see how they got on.

A good starting point would the the hubb: Horizons Unlimited - The HUBB

use the search function and see what is out there with regards to paperwork. Most of it is for 2 wheels as our 2 wheel friends travel everywhere but the process is usually the same (just the costs are usually higher). If you go in on a CDP you should have 12 months and you may be able to renew it for another 12 months once your there.

G

Thanks for the info mate. I'll keep you updated on our progress.

Good luck in your own travels, sounds like you've got some adventures ahead of you!

Dave

Thimba · Apr 27, 2013

payydg said:
Hello,

I'm currently filling out my carnet application.

How do I value the vehicle? Should I put the value I paid for it? It's been modified since I bought it and has done an additional 5k in miles. Obviously I'd like to undervalue it so I don't have today as much but I'm a bit worried that the insurance will be linked to the carnet and if something fooks up I'd want the best cover I can get...

Ta

Dave

Hi Dave,

How did you value your vehicle for the carnet?

Safe travels!

payydg · May 9, 2013

I just put what i thought it was worth without all the mods - underneath its a 1991 200tdi 90 with 130k on the clock so put £3000

Carnet - valuation and modification

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