DEPARTMENT OF TRANSPORTATION
Division of Motor Vehicles
Vehicle Services
ERRATA
2266 Vehicle Document Fees
* Please Note: The Department of Transportation regulation, 2 DE Admin. Code 2266, was published as proposed in the Delaware Register of Regulations, 27 DE Reg. 94 (08/01/23). Section 8.0 and subsection 9.1.1 were inadvertently published incorrectly.
Section 8.0 was published as:
If the amount of purchase price indicated on a non-dealer bill of sale is less than the average trade-in value as listed in the most recent N.A.D.A. Guide, the document fee is to be assessed on the current average trade in value as listed in the N.A.D.A. Guide. However, the owner may obtain an appraisal from a Delaware license licensed vehicle dealer and such appraisal may also be considered in determining vehicle document fee.
Section 8.0 should have read:
If the amount of purchase price indicated on a non-dealer bill of sale is less than the average trade-in value as listed in the most recent N.A.D.A. Guide, the document fee is to be assessed on the current average trade in trade-in value as listed in the N.A.D.A. Guide. However, the owner may obtain an appraisal from a Delaware license licensed vehicle dealer and such appraisal may also be considered in determining vehicle document fee.
Subsection 9.1.1 was published as:
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 - $100,000 |
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 |
Subsection 9.1.1 should have read:
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 - $100,000 + |
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 |
This regulation is corrected and being published as a final regulation in the October 2023 Register.
