Quote:
Originally Posted by Slava
It depends though. Sometimes they are written off because they're not found within a certain time frame. Sometimes they are written off because of "hidden damages". Cars like that can be totally fine, but still get the rebuilt title. They still have to be recertified, so you have some element of safety there. I mean obviously if the car was wrapped around a tree and taken for a ridiculous joyride, you probably skip those!
Incidentally in the case of my sister she was hit shortly after buying the rebuilt car, and it was written off. The value at that point was based on the vehicle without the rebuilt status, and she got more than she paid for.
|
Quote:
Originally Posted by Log
My vehicle is a theft recovery and haven't had any problems with it in 4 years of driving it.
Insurance companies have to pay out the owner of the vehicle if its not recovered within a certain time frame. Once its paid out even for theft, the vehicle is given a salvage/rebuilt title.
|
Yeah I totally forgot about the need to report it to AB Transportion