209.20. For the purposes of sections 209.18 and 209.19, the value of a road vehicle is the average wholesale price indicated, for a vehicle of the make, model and equipment concerned, in the current edition of the road vehicle value guide recognized by the Société and of which the Société gives notice in the Gazette officielle du Québec.
Where the model year of the vehicle is earlier than the years covered in the current edition, the price used is the price appearing in the current edition for the year closest to the model year of the vehicle; the value of the vehicle is that price less 2% for each complete month between the model year of the vehicle and that closest year appearing in the current edition.
However, the cost of the repairs to be made to the vehicle, if any, must be deducted from the wholesale price referred to in the first paragraph or from the amount obtained pursuant to the second paragraph.
Where the make or model of the vehicle is not covered in the guide, the Société shall assess the value of the vehicle or have it assessed.
1996, c. 56, s. 65; 1999, c. 66, s. 7; 2002, c. 29, s. 32.