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Flood-damaged cars that are considered a total loss by an insurance company should be re-issued a "salvage" title. This means the vehicle has suffered extensive damage, typically making it unsafe ...
The Kelley Blue Book automatically rates any salvage vehicle as "poor" and does not value it at all. [12] The value of a vehicle with a salvage title is generally 65-75% lower than the vehicle's estimated value. If the vehicle is rebuilt to a road worthy condition and has passed State inspection, the difference in price is 60-70% of "fair" KBB.
Mass. officials warn used car buyers to be cautious of flood-damaged vehicles from recent storms. Here are some things to look for.
Buying a cheap, flood-damaged car might seem appealing since it might not have any visual damage, but the host of issues it could be hiding might cause serious problems. There are also shady ...
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.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
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