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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.
Some jurisdictions require that rebuilt vehicles imported across provincial or state lines be reinspected before being allowed to retain the rebuilt title. Salvage: Severely damaged vehicle total loss: A vehicle that can be repaired but which would cost more than some predefined amount (often 75–100% of the car's value) to repair.
A salvage title indicates that your vehicle, in its current state, has little financial value. This is often the result of damage caused by an auto accident, but this isn't always the case.
A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer's lot.
The car was estimated to only be worth $10K. ‘Preying upon the most vulnerable’: Michigan mom pays $17K for a used SUV only to learn it needs $13K in repairs — why one two-word phrase means ...
Modern vehicle recycling attempts to be as cost-effective as possible in recycling those residual materials. [1] Currently, 75% of the materials can be recycled, with the remaining 25% ending up in landfill. [2] As the most recycled consumer product, end-of-life vehicles provide the steel industry with more than 14 million tons of steel per ...
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Accused rapist rapper Sean “Diddy” Combs hired men to patrol his parties and recruit young women for “intimate” time with him — claiming it was “an honor” to be asked, a targeted ...