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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
The Gambler 500, founded by Tate Morgan and the Oregon group began in 2014 as a challenge to see how far $500 cars could go. The first year had 14 cars, and in 2015 the number of participants increased to 28, then 31 in 2016. The Gambler 500 gained rapid popularity growth in 2017, with over 800 vehicles participating in Oregon.
In Oregon, vehicles are determined to be Salvage title meet the 70% total loss value as state previously, as well as when a vehicle is abandoned and worth less than $500. [ 7 ] Upon paying the claim, the insurer may offer to return the vehicle to the owner as an insurance buy-back, in which case the owner is responsible for having the repairs ...
Even once rebuilt and inspected, a branded vehicle must retain a permanent record of its traumatic past. Vehicle title branding is the use of a permanent designation on a vehicle's title, registration or permit documents to indicate that a vehicle has been written off due to collision, fire or flood damage or has been sold for scrap.
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The New York Times also reported in late 2024 that the delays could cause emergency-response times to increase due to additional traffic congestion. [245] In response to the pause in congestion pricing, Moody's gave the MTA a credit negative watch on June 7, and analysts at S&P said that their rating on MTA revenue bonds could decrease.
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