# COMAR Title 11 — Department of Transportation

## Subtitle 15 — Motor Vehicle Administration — Vehicle Registration

### Chapter 33 — Vehicle Trade-In Allowance

#### Regulation .08 Trade-in Allowance for Leased Vehicles.

*COMAR 11.15.33.08*

A. A trade-in allowance under Transportation Article, §13-809(a)(3)(ii), Annotated Code of Maryland, may be applied to the purchase price of a leased vehicle if:

  (1) The trade-in is in the same owner's name as the name of the lessee on the purchased vehicle; or

  (2) The vehicle is:

    (a) Owned by the same leasing company purchasing the vehicle;

    (b) Being assigned to the dealer; and

    (c) Becoming a part of the dealers inventory for resale.

B. A trade-in does not include a vehicle acquired by a dealer but not assigned to a dealer.