Just Do It!
I've been traveling through Africa for 7 months and found that my Carnet speeds me through border/customs procedures incredibly. I travelled 18 months through North, Central and South AMerica without the Carnet and wish that I had one for even those countries that don't require one. It eliminates the need for photo copies of passports, registration and titles in most cases.
As for the deposit, yes. It's not cheap. But think of it this way, you'll have some well needed cash when you finally decide to return home. Surprise or funny money. So get your carnet... for Africa it will be needed. Europe. Don't know. But I doubt you need it there. Africa. Get it.
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