(1)The value of disability-related apparatus, optional equipment, or low mileage is not considered in determining the fair market value (see OAR 461-001-0000 (Definitions for Chapter 461)) of an automobile, truck, or van. The fair market value of an automobile, truck, or van is presumed to be the “average trade-in value” established in the National Automobile Dealers Association’s (NADA) Used Car Guide, Kelley Blue Book, or similar publication. A client may rebut the presumption with a statement from a car dealer, mechanic, or other reliable source. If the vehicle is not listed in the NADA Used Car Guide, Kelley Blue Book, or a similar publication, the estimate of the value by the client may be accepted unless it appears questionable, in which case additional evidence of the value is required.
(2)Some programs permit an exclusion for a portion of the equity value (see OAR 461-001-0000 (Definitions for Chapter 461)) for any licensed and unlicensed motor vehicles owned by the financial group (see OAR 461-110-0530 (Financial Group)):
(a)In the REF, REFM, SNAP, and TANF programs, this exclusion is up to $10,000 of the total equity value of all vehicles.
(b)Any remaining equity in the total equity value of all vehicles is counted as a resource.
(3)In the EA and ERDC programs, all motor vehicles are excluded.
(4)In the OSIP, OSIPM, and QMB-DW programs:
(a)The total value of a vehicle selected by the financial group is excluded if it is used for transportation of the client or a member of the client’s household.
(b)The total equity value of any vehicle not excluded under subsection (a) of this section and all other vehicles is counted as a resource.
(5)In the OSIP-EPD and OSIPM-EPD programs, if a vehicle was purchased as an employment and independence expense (see OAR 461-001-0035 (Definitions; OSIP-EPD and OSIPM-EPD)) or with moneys from an approved account (see OAR 461-001-0035 (Definitions; OSIP-EPD and OSIPM-EPD)), the total value of the vehicle is excluded.
Rule 461-145-0360 — Motor Vehicle,