Md. Code Regs. 11.15.33.08

Current through Register Vol. 52, No. 1, January 10, 2025

Section 11.15.33.08 - Trade-in Allowance for Leased Vehicles

A. A trade-in allowance under Transportation Article, § 13-809(a)(3)(ii), Annotated Code of Maryland, may be applied to the purchase price of a leased vehicle if:

(1) The trade-in is in the same owner's name as the name of the lessee on the purchased vehicle; or

(2) The vehicle is:

(a) Owned by the same leasing company purchasing the vehicle;

(b) Being assigned to the dealer; and

(c) Becoming a part of the dealers inventory for resale.

B. A trade-in does not include a vehicle acquired by a dealer but not assigned to a dealer.

Md. Code Regs. 11.15.33.08