Citation
320 FW 2
Exhibit
2
Date
FWM
N/A
Originating Office
Division of Acquisition and Property Policy Management
Age of Vehicle (years) | Maximum Percentage of Repair to Value Per Job | |
Sedans/Station Wagons and Light-Duty Trucks ≤ 10,000 GVWR* (%) | Buses and Trucks ≥ 10,001 GVWR (%) | |
1 | 50 | 50 |
2 | 40 | 45 |
3 | 30 | 40 |
4 | 20 | 35 |
5 | 10 | 30 |
6 | 5 | 25 |
7 | 5 | 20 |
8 | 5 | 15 |
9+ | 5 | 10 |
*Gross vehicle weight rating
An example scenario:
· A 2015 pickup truck needs repairs in 2017.
· The vehicle is 2 years old, which equals 40% maximum repair limit per job based on replacement cost.
· The replacement cost is $20,000.
· 40% * $20,000 = $8,000.
· Repairs up to $8,000 are authorized for repair of this vehicle. The Custodial Property Officer makes final determinations on repair limits.