Le Mans Classic 3-5 July 2020 - NOW 2022

[Nine One One]

A grim future. A bit like sex - we can all reminice about the halcyon days of our plentiful, youth-full past but now it's all about " rights will be sold to on-line streaming services so we mere mortals can go ooh and aah..."

So you are now paying for sex, and stream it live when you do so?

[BILLY BEAN]

As long as you promise to wear a mask, Bootsy, we should be OK...

Irrespective of Covid I though you two always wore masks? A "gimp" thing?

[Bootsy]

Glastonbury cancelled again this year

[markm]

Glastonbury cancelled again this year

Crikey not looking good then is it.

[KS]

There is another problem with events like Le Mans Classic as of this year, and that's the matter of customs carnets. Had a call last night from Andy Prill who was spitting nails about the situation. As he points out, one of his customers (910, 550 Spyder, RSR etc...) would be expected to pay a bond of approximately £2.4 million to allow him to ship his cars over to LMC, or other events on Le Continent. OK, it's returnable, but who other than the very wealthy are going to have 40 per cent of their car's value knocking around spare? Also, it appears that his mechanics, while maintaining his customers' cars at Le Mans, would be considered to be working in France, therefore Andy would be liable to pay tax over there on money received for his company's services. He sees this as being as big a threat to events as Covid restrictions and feels it may mark the death knell of Goodwood, for example, unless the organisers offer to pay the bond to entice people to travel. Yes, I know that carnets were in effect years ago, but they were relatively inexpensive – a hassle, but affordable – but the new system based on market value of cars today is in another league.

[70sThrowback]

There is another problem with events like Le Mans Classic as of this year, and that's the matter of customs carnets. Had a call last night from Andy Prill who was spitting nails about the situation. As he points out, one of his customers (910, 550 Spyder, RSR etc...) would be expected to pay a bond of approximately £2.4 million to allow him to ship his cars over to LMC, or other events on Le Continent. OK, it's returnable, but who other than the very wealthy are going to have 40 per cent of their car's value knocking around spare? Also, it appears that his mechanics, while maintaining his customers' cars at Le Mans, would be considered to be working in France, therefore Andy would be liable to pay tax over there on money received for his company's services. He sees this as being as big a threat to events as Covid restrictions and feels it may mark the death knell of Goodwood, for example, unless the organisers offer to pay the bond to entice people to travel. Yes, I know that carnets were in effect years ago, but they were relatively inexpensive – a hassle, but affordable – but the new system based on market value of cars today is in another league.

Is this new custom carnet a gloabl thing, EU, just wondering if this impacts all classic racing events?

[72911E]

Covered here.

Movement of Motorsport Vehicles Post-Brexit

https://www.motorsportuk.org/movement-o ... st-brexit/

[anglophone1]

I believe you can purchase some sort of insurance policy to cover the bond- OK you won’t get premium back but will be only a percentage of amount required?
Still of course an additional cost though!

[KS]

I believe you can purchase some sort of insurance policy to cover the bond- OK you won’t get premium back but will be only a percentage of amount required?
Still of course an additional cost though!

Yes - £91 minimum... Not sure that will cover a £30million 250 GTO, though.

[anglophone1]

It wont be 40% though Keith- I think there are more details on the link previously posted?

[KS]

To quote:
"The second part of the fee is the Premium. This can either be a refundable deposit of 40% of the vehicle’s value or a non-refundable insurance premium to cover the 40% proportion of the premium."

The example they quote is a premium of £624 on a £100k car. But as they say it is not a sliding scale. Many competitors at LMC are running cars with seven-figure (or more) values, so the premiums promise to be astronomical – if available at all.

We won't know the true situation until somebody steps up and applies for a carnet for a 'run of the mill' classic Porsche – something 'modest' like a 550 Spyder, RSR or 904, of which there are plenty at LMC.

I'm speaking to another couple of companies for whom this will have an effect. I'll let you know what they say.

[markm]

Hmm, that could throw a whole host of european classic events into dissaray really

[MikeB]

So what did the North American/ Australian guys have to do to bring their cars to the Goodwood events?

[KS]

So what did the North American/ Australian guys have to do to bring their cars to the Goodwood events?

This is a new directive.

[MikeB]

How, surely the rules are the same as before? We were in the EU, so they must have been treated as you are now?