Am I getting this right?
Thank you for your reply Matt, it has been very helpful, I have downloaded the forms from RAC website, application form, fees etc, apparently they go hand-in-hand with RL Davison&Co Lloyd’s Insurance Company in fact from the same webpage you can get the Davison’s “Carnet Liability Proposal Form” which states “The cost of providing the guarantee is normally 10% (+insurance premium tax) of the indemnity requirement as stated under question 13 on the front of this form”. Question 13 asks: “Amount of indemnity required (as stated by RAC Motoring Services)” so I assume I will have to send the application for the carnet to RAC first, get a quote and then contact these brokers?
So if I got it right:
1) 500percent of the value of the bike: £2500 (I would say the bike is worth £500 just because I couldn’t find a chart or something that shows a quotation of an XTZ ‘95 anywhere on the internet tonight)
2) Carnet straight fee: £150
3) RAC “refundable” deposit: £350 (but refundable “when” exactly?)
4) 10percent of indemnity insurance plus another 5percent
it makes:
£250 for the brokers plus an additional 5% (they apply a minimum charge of £200 by the way)
+£150 carnet
+£350 “refundable”
TOTAL: a bit more than £750 for this Carnet, does it sound right?
Has anybody left with a similar bike? How much the carnet has been quoted? Just to give me an idea...
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Note for Hook: apparently the only organisation issuing The Carnet in the UK is RAC and the application form asks you for the value of the vehicle, I don’t know whether they will want more info at a later stage... I think I will ask the guy that sold the bike to me to make another receipt for me for £450 and I will send it with the application and see what happens...
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... and Nelly The Elephant packed the trunk and said goodbye to the circus...
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