2 Del. Admin. Code § 2266-9.0
Current through Register Vol. 28, No. 5, November 1, 2024
Section 2266-9.0 - Computation of Document Fee9.1 The document fee for a current model year used vehicle for which no dealer's invoice is available or that has no wholesale price listed in the N.A.D.A. Guide will be computed by using one of the following procedures: 9.1.1 Use the current year manufacturer's suggested retail price, if one exists, or the M.S. R. P. from the prior year's model. Depreciate that price using the following formula. Vehicle Price | Amount Depreciation |
$0 - $10,000 | 10% |
$10,001 - $20,000 | 15% |
$20,001 - + | 20% |
Example: | 1989 Oldsmobile 88, Royale, 4D Sedan |
1988 M.S.R.P. | $14,498 |
| x .15% Depreciation |
| $2,174 Depreciation |
| Document fee will be based on $14,498 - $2,174 = $12,324 |
9.1.2 If the buyer has a bill of sale from a licensed dealer, use that price.9.1.3 The owner may obtain an appraisal from a Delaware licensed dealer and such appraisal may also be considered in determining vehicle document fee.2 Del. Admin. Code § 2266-9.0
27 DE Reg. 267 (10/1/2023) (Final)