{"data":{"id":"us-ky/krs-138.4603","jurisdiction":"us-ky","citation":"KRS 138.4603","heading":"Determination of motor vehicle retail price for sales on or after July 1,","body":"2014.\n(1) (a) Effective for sales on or after July 1, 2014, of:\n1. New motor vehicles;\n2. Dealer demonstrator vehicles;\n3. Previous model year motor vehicles; and\n4. U-Drive-It motor vehicles that have been transferred within one hundred\neighty (180) days of being registered as a U -Drive-It and that have less\nthan five thousand (5,000) miles;\nthe retail price shall be determined by reducing the amount of total\nconsideration given b y the trade -in allowance of any motor vehicle traded in\nby the buyer. The value of the purchased motor vehicle and the amount of the\ntrade-in allowance shall be determined as provided in subsection (2) of this\nsection.\n(b) The retail price shall not includ e that portion of the price of the vehicle\nattributable to equipment or adaptive devices necessary to facilitate or\naccommodate an operator or passenger with physical disabilities.\n(2) (a) The value of the purchased motor vehicle offered for registration a nd the\nvalue of the vehicle offered in trade shall be attested to in a notarized\naffidavit.\n(b) If a notarized affidavit is not available:\n1. The retail price of the purchased motor vehicle offered for registration\nshall be determined as follows:\na. Ninety percent (90%) of the manufacturer's suggested retail price\nof the vehicle with all equipment and accessories, standard and\noptional, and transportation charges; or\nb. Eighty-one percent (81%) of the manufacturer's suggested retail\nprice of the vehicle with all equipment and accessories, standard\nand optional, and transportation charges in the case of new trucks\nof gross weight in excess of ten thousand (10,000) pounds; and\n2. The value of the vehicle offered in trade shall be the trade -in value, as\nestablished by the reference manual.","path":["KRS Chapter 138"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=44483","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:30Z","sha256":"b09efd49d21bc1a3308f0c70f8050133dc0b4a333a02475aa299ec2a20066d6e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-138.4602","next":"us-ky/krs-138.4605"},"notice":"GroundRules: Original legal text. Not legal advice."}