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Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Used mainly with commercial vehicles, which often have a towing eye in the front bumper. In the case of cars and light vans, the towing vehicle can be used for braking, if the bar is kept straight. With commercial vehicles, it is common to connect an air feed to the casualty to allow the tow vehicle's brakes to also operate the casualty's brakes.
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Towing of disabled or damaged car at request of owner (the most common form) Towing of car by government authorities or its agents, due to being disabled or abandoned on a public thoroughfare; Towing a car as a form of long-distance shipping, such as during its owner's move to a new location, rather than driving the car
Car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. When used, and for the purpose of assessing the private financial costs, one must consider only the interests paid by the car owner, as some part of the amount the owner pays each month for the finance is already embedded in the depreciations costs.