What Is A Written-off Vehicle?
You’ve found the car of your dreams and it seems like a real bargain. Maybe a Nissan X trail with just 36,000 km on it – and it’s going for less than $10K! How can it be so cheap? Is the seller out of his mind?Many buyers are surprised to learn that some of these vehicles are classified as “repairable write-offs” and that’s why they’re being offered at bargain basement prices. Learn about repairable write-offs and understand what you’re getting in your used car.
What is a Repairable Write Off?
A vehicle that is classified as a repairable write off will have a listing in the written off vehicle register. Essentially, these cars were deemed uneconomical to repair by an insurance company and subsequently “written off” and a payout made to the owner for the value of the vehicle. Many owners will then go on to sell the written off vehicle to a business that specialises in collecting “junk cars” – or they may even elect to pay for the repairs themselves. The car is then repaired and put through a written off vehicle inspection. Once the repaired vehicle is deemed roadworthy, it re-registered and …