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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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