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flordecalabaza t1_j4skxhl wrote

I read the regulation (18 DCMR 401.16) and there is no exception to using the NADA valuation in the calculation.

The only thing I could think of is if there is a way to get a different nada valuation based on the poor condition of the vehicle and use that in the calculation?

I don’t know about how nada valuations work so not sure if you can get a different book value based on condition somehow.

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fissionpowered t1_j4staav wrote

IANAL...

What about the following sentence "If the NADA guide does not provide the fair market value for a particular vehicle, the applicable bill of sale shall be used."

That could be interpreted as covering cases such as this, couldn't it?

I mean, any reasonable person should recognize that the "book" value for 50 year old classic cars probably rarely matches the value of a particular example.

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abovethe_clouds OP t1_j4te75m wrote

It could certainly be interpreted as such. I imagine they will say that's for instances in which a vehicle is so obscure that a NADA value doesn't exist. That's how I read it. I agree that it's worth a shot.

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fissionpowered t1_j4uqpkd wrote

Someone might say that, but the NADA guide is quite exhaustive, covering basically all cars dating back to 1926.

I would be somewhat surprised if there is a single car registered in DC that doesn't have a published NADA book value.

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MidnightSlinks t1_j4tsj53 wrote

>If the NADA guide does not provide the fair market value for a particular vehicle

That means "if the fair market value is missing from NADA for a particular vehicle," not "if the value provided for a particular vehicle in NADA is not reflective of fair market value."

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fissionpowered t1_j4uqbsc wrote

Is that settled law?

On its face, I don't think it's clear that that is the only interpretation.

It would be worth reaching out to whomever has the authority to make that sort of legal interpretation in the DC system. That will not be the DMV customer service people.

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paulHarkonen t1_j4vgvm8 wrote

OP can certainly try, but the plain reading of the text certainly points toward the interpretation that it only applies for items that don't have a value in "the book".

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abovethe_clouds OP t1_j4ssrau wrote

I read the same regulation. The DMV website specifies "fair market value" but doesn't specify what specific condition they choose. The woman at the service center told me today it's done automatically.

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Oaktownbeeast t1_j4syi0i wrote

Try going to a different DMV and talking to a different person. I've rarely had a consistent experience when it comes to DMV staffers. It's a pain but it's worth a shot.

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abovethe_clouds OP t1_j4t3i68 wrote

Thanks, that's my plan at the moment.

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trilliankqa t1_j4uq3jl wrote

Go to benning road. I got escorted out of the M st location for this same argument.

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amsterdan87 t1_j4xr475 wrote

Not a lawyer, but for the purpose of a property tax assessment, DC recognizes the actual sale price in an arms length transaction within the past year as the property's appropriate fair market value.

Take it to court if you have to. If the FMV was more than what you paid for it, the seller would not have sold it to you for that price.

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neil_va t1_j4v4ac0 wrote

Are you sure? When I bought my car in 2008 I was able to provide a signed bill of sale price that they honored. I remember because it was a good $3000 below NADA

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