03.04.336 Vehicles Counted As A Resource

Determine first if a vehicle is excluded, under Section 335 of these rules, from the equity value test for resources. If the vehicle is not excluded under Section 335, determine the resource value using subsections 336.01 and 336.02. The resource value for licensed vehicles is determined differently than for unlicensed vehicles. (3-15-02)

Count the resource value of licensed vehicles, if not excluded under Section 335 of these rules, as shown below:

Count the resource value of unlicensed vehicles, not excluded under Section 03.04.335 of these rules, as shown below:

Vehicle Resource Values
The definition of vehicles in Subsections 03.04.210.02 and 03.04334 includes boats, self-propelled motor homes, ATVs, mopeds, and aircraft. In this example the FS HH is Mom, Dad, a 20-year-old child, an 18-year-old student, and a 17-year old student. They have the following vehicles:
Vehicle 2000 Dodge mini-van 1994 Ford truck 1985 Ford Escort 1981 Dodge truck Exclude all 4 vehicles under the new $1500 equity rule.	FMV $11,200 $15,600 $1435 $1250	Amount Owed $10,300 $14,730 $0 $0	Resource Counted $0 $0 $0
1994 Dodge Dynasty. Tie this vehicle to Mom.	$4700	$2000 (Can't use equity test.)	$4700 minus $4650 leaves $50 counted
1987 boat. Tie this vehicle to Dad.	$6000	$0 (Can't use equity test.)	$6000 minus $4650 leaves $1350 counted
1989 4-wheeler. Tie to the 20 year old.	$2000	$0 (Can't use equity test.)	$2000 minus $4650 is minus $2650. $0 counted
1989 4-wheeler. Tie to the 18 year old.	$2000	$0 (Can't use equity test.)	$2000 minus $4650 is minus $2650. $0 counted
1989 4-wheeler. Cannot tie to 17 year old. The student cannot drive the 4-wheeler to school or work. Use the equity test for this vehicle.	$2000	$0	$2000 counted
Total countable vehicle resources for this HH are $3400.

Table03.04.336.01 Vehicles Counted As A Resource (3-15-02)
Licensed Vehicle Use	Description	Resource Value
a. Licensed vehicle per adult household member	Allow one (1) licensed vehicle per adult household member, or ineligible alien, or disqualified household member, whose resources are counted as available to the household, regardless of use.	Count the vehicle's fair market value over four thousand six hundred fifty dollars ($4,650) as a resource, regardless of debt. (3-15-02)
b. Licensed vehicle per household member under age eighteen (18), used to commute to work, education, or training, or to seek work.	Allow one (1) licensed vehicle per household member, or ineligible alien, or disqualified household member under age eighteen (18), whose resources are counted as available to the household. The vehicle must be used to commute to work, training for work, or to seek work. Note: A HH member under 18 may use the vehicle to drive another HH member under 18 to school, work, or to seek work. For example, a 17 year old may use his car to drive a 15 year old brother to school. The 17 year old is not commuting to work, training, or seeking work, but the 15 year old is.	Count the vehicle's fair market value over four thousand six hundred fifty dollars ($4,650) as a resource, regardless of debt. (3-15-02)
c. Other Licensed Vehicles	All other licensed vehicles.	Count the greater of the client's equity, which is the fair market value minus loans, or the vehicle's fair market value over four thousand six hundred fifty dollars ($4,650) as a resource. (3-15-02)

Table03.04.336.02Resource Value Of Unlicensed Vehicles (3-15-02)
a.	Unlicensed vehicles with no significant return.	If the proceeds from the sale of the unlicensed vehicle, minus loans, would be less than one thousand five hundred dollars ($1,500) do not count any resource value. (3-15-02)
b.	All other unlicensed vehicles.	For all other unlicensed vehicles, working or not working, count the client's equity as a resource. (3-15-02)
c.	Unlicensed vehicles on Indian reservation.	Treat unlicensed vehicles, driven by tribal members on Indian reservations not requiring licensure as licensed vehicles. Determine the vehicles' resource value by their use. (3-15-02)