For noncategorically eligible SNAP units (PM 05-07-00 , PM 05-07-02), review each licensed vehicle separately as follows:
- Determine if the vehicle is totally exempt. The vehicle is totally exempt from counting as an asset if it meets one of the following:
- one licensed vehicle per SNAP unit, regardless of its use; or
- the vehicle is inaccessible because the net proceeds, if sold, would be $1,500 or less; or
- the vehicle is used for producing income; or
- the vehicle produces income consistent with its fair market value; or
- the vehicle is the SNAP unit's home; or
- the vehicle is needed for long distance travel for employment; or
- the vehicle is needed to carry heating fuel or water; or
- the vehicle is used to transport a physically disabled unit member.
- If the vehicle does not meet one of the exemptions above, determine if the vehicle's equity value is exempt from counting as an asset because:
- one vehicle for each adult SNAP unit member is exempt regardless of its use, or
- the vehicle is used by an SNAP unit member under the age of 18 to get to work, look for work, or to attend training or education to prepare for work.
Determine the equity value by subtracting the amount owed from the fair market value.
Determine the amount owed on a vehicle from information that the unit has available, such as a payment book. Multiply the number of payments left by the amount of each payment.
If the unit does not have proof of the amount owed, request that the client contact the lender to get a statement of the amount that will be paid over the term of the loan.
If the client asks for help in getting the information, contact the lender for them. If the lender will not release information without the client's consent, have the client complete Consent to Release of Information (Form 34).
- If the vehicle does not meet the exemptions for assets or equity value, apply the equity value to the asset limit.
Determining Fair Market Value
When determining a licensed vehicle's value, always use the fair market values in the vehicle values tables (see WAG 25-03-07), except as follows.
Vehicle No Longer Listed in the Tables
If the unit has a vehicle that is no longer in the vehicle values tables (the tables list the last 6 years for each model), accept the client's estimate of its value. But proof of its fair market value is required if:
- the Family Community Resource Center has reason to believe the estimate is incorrect, and
- it appears that the vehicle's value will affect eligibility.
Vehicle Not Listed in the Tables
If a new model vehicle is not listed in the vehicle values tables, determine the fair market value through other means, such as contacting a car dealer.
If the unit has a vehicle that is not listed in the tables because it is:
- a licensed antique or a licensed classic, or
- custom made, or
- not otherwise listed,
the client must provide proof of its fair market value.
Vehicle Listed in Tables But Unit Disagrees with Table Value
If the unit states that the vehicle is worth less than the table value because it is in less than average condition, they must provide proof of its fair market value. Reasons that a vehicle may be in less than average condition include, but are not limited to, body damage or the vehicle is not operable.
Vehicle Fair Market Value Obtained by the Client
When the client must obtain proof of a vehicle's fair market value (does not apply to estimates for older vehicles), the value must be the "wholesale value." The wholesale value is only to include the basic value of the vehicle. Do not increase the value to include the value of low mileage or other factors such as optional equipment. If a vehicle is specially equipped for the handicapped, do not increase the basic value of the vehicle by the value of the special equipment.
When the client must obtain proof of a vehicle's value, the estimate must be from a reliable source such as, but not limited to:
- an appraisal, or
- a newspaper advertisement for the sale of the same type of vehicle.