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TANF TANF TANF TANF TANF TANF TANF TANF SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP Evaluate all additional licensed or unlicensed vehicles (not previously excluded) for: The fair market value above $4,650 and The equity value (fair market value minus encumbrances). All vehicles, not previously exempted, are evaluated based on the fair market value and the equity value: ● ● Vehicles other than the household’s two claimed exempt vehicles are evaluated for equity value. This amount is counted as a resource. A leased vehicle is evaluated by determining the fair market value, less encumbrances. Count as a resource only the greater of the two values. Example: A non-exempt vehicle has a fair market value of $5,000. The customer owes $2,000 for an equity value of $3,000. The difference between $4,650 and $5,000 is $350. The countable resource value for this vehicle would be $3,000, the higher of the two values. Unlicensed vehicles regularly driven by tribal members on Indian land are evaluated the same as licensed vehicles. See vehicle resource determination chart. See manual section A-500 for jointly owned vehicle provisions. Note: Non-exempt or inaccessible vehicles owned in whole or part by the SNAP household are evaluated and counted as a resource. The entire value of the vehicle is considered accessible to both or all parties if the vehicle is not exempt or determined to be inaccessible (if sold, the equity value would be $1,500 or less). If a jointly owned vehicle is stolen or is located in another state and the household cannot access the vehicle, it is not considered an accessible resource. Division of Welfare and Supportive Services A-550.1 Eligibility and Payments Manual RESOURCES MTL 06/24 Nov 24 Determining Vehicles as Countable Resources