Fillable Form Mv347 - Document Fee Credit/refund Application printable pdf download

STATE OF DELAWARE

DEPARTMENT OF TRANSPORTATION

DIVISION OF MOTOR VEHICLES

P.O.BOX 698, DOVER, DE 19903

ATTN: AUDIT SECTION

(302) 744-2512

DOCUMENT FEE CREDIT/REFUND APPLICATION

WARNING: The credit/refund will not be approved unless you comply with the time frames in Items 1g and 1h

below.

In most cases credit should be given at time of titling. Only one credit vehicle will be accepted per new vehicle

purchased. If credit is not applied for at the time of titling of your new vehicle, a refund check will be processed, if

applicable, by the State Treasurer’s Office. Processing time is 12 to 15 weeks from the date of titling.

1. THE FOLLOWING ELIGIBILITY CRITERIA IS USED TO DETERMINE APPROVAL OF ALL APPLICATIONS:

a. Credit was not given at time of titling of new vehicle.

b. Lease turn-in (trade-in) with proof of residual value of vehicle turned/traded in.

c. Total loss insurance settlements with proof of actual cash value (ACV) paid by insurance company.

d. Credit (Sold) vehicle must be Delaware-titled vehicle.

e. Credit (Sold) vehicle must be in the same name as the applicant completing this form and titling new vehicle.

New vehicle purchased/leased must be titled in Delaware.

g. Sale of credit vehicle must be within sixty (60) days prior to or sixty days (60) after titling date of new

vehicle. (If the sale is prior to titling of new vehicle, this form should be submitted with the new vehicle

title work for immediate credit.)

h. Sale of credit vehicle after titling new vehicle requires applicant to submit this request within fifteen (15)

days after the sale. Sale of credit vehicle prior to titling new vehicle requires applicant to submit this request

within fifteen (15) days after titling of new vehicle.

Title to the credit/refund vehicle must be transferred into the new owner’s name, or you must notify DMV

that the vehicle was sold/transferred before any refund is processed. This can be accomplished by completing

the Seller’s Report of Sale portion on the title for the credit vehicle and submitting it to DMV.

2. REQUIRED DOCUMENTATION:

a. INSURANCE SETTLEMENTS: If the credit vehicle was deemed a total loss by the insurance company, you

must have a signed letter from the insurance company on its stationary (letterhead) stating:

1) Your name

2) Vehicle Make, Model and Year

3) Vehicle Identification Number (VIN) or Serial Number

4) Amount paid as the actual cash value (before deductible)

b. LEASE TURN-IN (TRADE-IN): Copy of the original lease on credit vehicle or a letter from the leasing

company indicating the residual value of the vehicle at lease turn-in.

c. VEHICLES SOLD OUT OF STATE: Submit the Sellers Report of Sale portion of the title for the credit

vehicle to the nearest DMV office. If you do not have this form, submit a signed letter with this application

stating the following:

1) Buyers name and address

2) Selling price of the vehicle

3) Vehicle Make, Model and Year

4) Vehicle Identification Number (VIN) or Serial Number

5) Date vehicle was sold

IF YOU MEET THE CRITERIA STATED, PLEASE COMPLETE THE REVERSE SIDE OF THIS FORM,

AND MAIL IT TO THE ADDRESS ABOVE.

MV347

(Revised 02/08)

Form Mv347 - Document Fee Credit/refund Application

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