138.4603 Determination of motor vehicle retail price for sales on or after July 1,
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/ky/138-4603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2014.
(a)Effective for sales on or after July 1, 2014, of:
1. New motor vehicles;
2. Dealer demonstrator vehicles;
3. Previous model year motor vehicles; and
4. U-Drive-It motor vehicles that have been transferred within one hundred
eighty
(180)days of being registered as a U-Drive-It and that have less
than five thousand (5,000) miles;
the retail price shall be determined by reducing the amount of total
consideration given by the trade-in allowance of any motor vehicle traded in
by the buyer. The value of the purchased motor vehicle and the amount of the
trade-in allowance shall be determined as provided in subsection
(2)of this
section.
(b)The retail price shall not include that portion of the price of the vehicle
attributable to equipment or adaptive devices necessary to facilitate or
accommodate an operator or passenger with physical disabilities.
(a)The value of the purchased motor vehicle offered for registration and the
value of the vehicle offered in trade shall be attested to in a notarized
affidavit.
(b)If a notarized affidavit is not available:
1. The retail price of the purchased motor vehicle offered for registration
shall be determined as follows:
a. Ninety percent (90%) of the manufacturer's suggested retail price
of the vehicle with all equipment and accessories, standard and
optional, and transportation charges; or
b. Eighty-one percent (81%) of the manufacturer's suggested retail
price of the vehicle with all equipment and accessories, standard
and optional, and transportation charges in the case of new trucks
of gross weight in excess of ten thousand (10,000) pounds; and
2. The value of the vehicle offered in trade shall be the trade-in value, as
established by the reference manual.