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Valuation Gateway
Following the adoption of the EAC harmonized valuation system for used Motor vehicles and the depreciation Schedule 2014 by the Sectoral Council on Trade, Industry, Finance and Investment;
We have the pleasure to publish the prices for motor vehicles when they are new and their depreciation rates.
The attached prices of motor vehicles when new are depreciated according to the following:
EAC PROPOSED DEPRECIATION SCHEDULE
| PERIOD OF USE | DEPRECIATED FOB RATE |
| More than 1 year and less than or equal to 2 years | 20% |
| More than 2 years and less than or equal to 3 years | 30% |
| More than 3 years and less than or equal to 4 years | 40% |
| More than 4 years and less than or equal to 5 years | 50% |
| More than 5 years and less than or equal to 6 years | 55% |
| More than 6 years and less than or equal to 7 years | 60% |
| More than 7 years and less than or equal to 8 years | 65% |
| More than 8 years and less than or equal to 9 years | 70% |
| More than 9 years and less than or equal to 10 years | 75% |
| More than 10 years | 80% |
The values of Motor vehicles when new are published by Customs and are attached in the next worksheet.
Please download the new Motor vehicle value.