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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.
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...
Victory Auto Wreckers was an auto salvage yard in Bensenville, Illinois, near Chicago's O'Hare International Airport. It is well known in the Chicago area for its former television commercial, in which a young man struggles with a car door that has just detached from its hinges. The commercial aired with limited changes from 1985 to 2015 ...
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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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