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In the state of Michigan, the issuance of a salvage title does not mean that the vehicle is also deemed a total loss. [6] Michigan issues a salvage title when the damage equals 75-90% of the pre-damage value; if the loss is 91% or greater the vehicle is eligible only for a "scrap" title, which cannot be subsequently upgraded by any means.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
In 1946, the National Used Car Dealers Association (NUCDA) was founded in Chicago, Illinois to lobby for the repeal of the rationing of tires and automotive parts following the end of World War II. After success in Washington in 1947, the NUCDA published a used car dealer "code of ethics."
Whether upgrading to a newer model or downsizing your fleet, knowing the true value of your car is important information for maximizing its resale potential. This figure is useful when choosing an...
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Generally, a bill of sale and title transfer are required to be filed with the DMV. If you want to make the most of your RV’s value, regardless of how you sell it (or whom you sell it to), ahead ...
The title branding programs typically have two objectives: A deterrent to auto theft: If a vehicle is a complete loss due to an accident, its serial number (VIN, Vehicle identification number) and registration documents could still be of potential value to persons dealing in stolen cars.
IDFPR became responsible for licensing and regulating the dispensaries that sell medical cannabis to patients, along with each dispensaries’ Principal Officers, Agents-in-Charge, and Agents. [4] On June 25, 2019, Governor Pritzker signed the Cannabis Regulation and Tax Act, which made Illinois the 11th state to legalize adult use cannabis. [5]