20 CFR §416.1218
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
- (a)Automobile; defined. As used in this section, the term automobile includes, in addition to passenger cars, other vehicles used to provide necessary transportation.
- (b)Limitation on automobiles. In determining the resources of an individual (and spouse, if any), automobiles are excluded or counted as follows:
- (1)Total exclusion. One automobile is totally excluded regardless of value if it is used for transportation for the individual or a member of the individual's household.
- (2)Other automobiles. Any other automobiles are considered to be nonliquid resources. Your equity in the other automobiles is counted as a resource. (See § 416.1201(c).)